Cycling Helmets Industry by Revenue, Growth Rate and Forecast to 2030
The global cycling helmets market was valued at USD 803.7 million in 2023 and is projected to reach USD 1.02 billion by 2030, expanding at a CAGR of 3.6% from 2024 to 2030. The market is witnessing steady growth, primarily fueled by the rising popularity of cycling as a form of exercise, leisure activity, and sustainable mode of urban transportation. Cycling is increasingly being promoted in metropolitan regions to reduce traffic congestion, carbon emissions, and air pollution, thereby positively impacting helmet demand. A major factor driving the market is the growing awareness about safety precautions among cyclists. Governments and regulatory bodies across the world are implementing and enforcing mandatory helmet laws to reduce the risk of head injuries during accidents. Alongside regulatory efforts, cycling associations and safety campaigns are also encouraging helmet adoption among both amateur and professional cyclists. Technological innovations in helmet des...