Global “Premium Motorcycle Helmets Market” is expected to an extensive growth during the forecast period 2018-2023. Premium Motorcycle Helmets Market report provides in detail analysis of market with revenue growth and future trends. report includes the forecasts, market size, share estimates and profiles of the leading industry Players.
The premium motorcycle helmets market is expected to register a CAGR of about 7.1% during the forecast period (2019-2024).
– Increase in the sales of premium motorcycles, especially in the Asia-Pacific region, and the end users’ preference and awareness toward enhanced safety and comfort offered by premium helmets are some of the factors driving the growth of the market.
– The average motorcycle buyer is very different in the developed markets of North America and Europe and in the emerging markets, like India and Indonesia. In the developed markets, high capacity performance bikes form a high percentage of sales and are mostly bought by enthusiasts and not daily commuters.
– Head-up displays are becoming increasingly common in cars and motorcycle helmets, and are also being offered by third-party manufacturers. These devices give the rider/commuter easy access to information, including navigation, speed, weather, road hazards, etc.
Scope of the Report
The premium motorcycle helmets market has been segmented by type, end user, material type, and geography.
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Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
Premium Motorcycle Helmets Market by Companies
Key Market Trends
Growing Sales of Premium Motorcycle around the World
Premium motorcycle manufacturers have observed an increase in the sale of high-end motorcycles. Emerging Asian economies, such as India and China, that are the largest markets for two-wheelers, recorded a surge in the sale of premium motorcycles. India, with the largest motorcycle market, has and is observing a shift in consumer preference toward sportier and powerful machines. This has led to an increase in the sale of many premium motorcycle makers, like Triumph, Indian, Harley-Davidson, Ducati, etc. Bike manufacturers are trying to make the most of this opportunity by introducing more models to attract new customers.
Triumph, a British motorcycle manufacturer, has planned to focus on Tier II cities in India for increasing its sales volume. The company is also trying to expand its dealership network in the country. Currently, Triumph India has a total of 16 dealerships across India and plans to increase the number to 20 by the end of 2019. The newer dealerships will be set up in tier-II cities and will focus on experience stores and engaging customers through events in order to gain customer traction.
Apart from companies, like Triumph, Harley Davidson, etc., manufacturers who have an established presence in the market, like Yamaha, Kawasaki, Suzuki, Honda, etc. have made many of the high-end sports and racing vehicles available in India. Similarly, the sale of premium motorcycles is also increasing in China despite stringent regulations and bans on two-wheelers in the country. There are laws in many cities in China that restrict the use of two-wheelers on city roads. Despite regulations constraining the use of motorcycles, the sale of two-wheelers in the country has recorded an increase. Among the numbers, most two-wheeler vehicles imported in the country were premium motorcycles with engine displacement over 800cc.
Asia-Pacific expected to be the Fastest Growing Market
By geography, the market is segmented as North America, Europe, Asia-Pacific, and Rest of the World. Europe is the largest market worldwide because of the continuous rise in motorcycle permits in several European countries. Asia-Pacific is forecasted to be the fastest growing markets, followed by China and India.
The emerging markets, which constitutes the major share of motorcycle sales, have been witnessing a change in trends, with the availability of affordable high capacity bikes. As a result, consumers in emerging markets are now able to purchase 300-400 cc bikes at relatively affordable prices. For instance, Harley-Davidson opened its only manufacturing plant outside of North America in India and has started rolling out locally manufactured high-end bikes at affordable prices.
In the Asia-Pacific region, ASEAN motorcycle industry constitutes a major share in the sales. At the global level, ASEAN motorcycle sales represent approximately 31% of global motorcycle sales.
The Asia-Pacific region, backed by a widening consumer base, is expected to lead the growth in the premium motorcycle helmet market. However, the high cost associated with these helmets may hinder the growth of the market in the region.
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Table of Content of Global Premium Motorcycle Helmets Market – Growth, Trends, Forecast and Challenges (2019 – 2023)
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling
3. Executive Summary
4. Market Overview and Trends of Premium Motorcycle Helmets Market
4.2 Market Trends
4.3 Porter’s Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry
5. Market Dynamics of Premium Motorcycle Helmets Market
5.1.1 Increasing Production
5.1.2 Rising Demand
6. Global Premium Motorcycle Helmets Market Segmentation, By Capacity
7. Global Premium Motorcycle Helmets Market Segmentation, By Material Type
7.1 Type 1
7.2 Type 2
7.3 Type 3
8. Global Premium Motorcycle Helmets Market Segmentation, Segmented by Region
8.1 North America
8.1.1 United States
8.1.3 Rest of North America
8.2.4 Rest of Asia-Pacific
8.3.1 United Kingdom
8.3.5 Rest of Europe
8.4 Rest of the World
8.4.2 South Africa
9. Competitive Landscape and Introduction of Premium Motorcycle Helmets Market
9.2 Market Share Analysis
9.3 Developments of Key Players
10. Key Vendor Analysis (Overview, Products & Services, Strategies)
10.1 Company 1
10.2 Company 2
10.3 Company 3
10.4 Company 4
10.5 Company 5
And Many More….
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No. of Pages: – 70
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