India two-wheeler helmet Market – Size, Share, and Growth Analysis – Techsci Research

The India two-wheeler helmet market is poised to experience substantial growth at a compound annual growth rate (CAGR) of 14% from 2021 to 2026. This upward trajectory can be attributed to the increasingly stringent regulations and strict enforcement on Indian roads, affecting both commuters and helmet manufacturers across the country. With a surge in consumer spending and a growing demand for safer helmets due to the alarming rise in road accidents in India, the sales of two-wheeler helmets are projected to maintain an upward trend.

Government Regulations and Safety Awareness

In an effort to promote road safety, the recent amendment to the Motor Vehicle Act in India has made it illegal to ride a two-wheeler without wearing a helmet. This significant change has resulted in a hefty fine of INR 1,000, replacing the previous INR 100 penalty. As a result, the emphasis on helmet usage has intensified, leading to an increased demand for helmets that comply with safety standards.

Classification and Market Segmentation

The India two-wheeler helmet market can be classified based on helmet type, distributor channel, and region. When considering helmet types, the market is divided into Full Face Helmets, Open Face Helmets, Half Face Helmets, Modular Helmets, and Motocross Helmets. Among these, Full Face Helmets currently hold the largest market share and are expected to maintain their dominance throughout the forecast period.

In terms of distribution channels, the market is categorized into online and offline channels. Offline channels currently dominate the market, accounting for more than 95% of the market share. Within this segment, there are three key players, namely Studds, Vega, and Steel Bird, who collectively capture over half of the market. The offline segment is further segmented into Dealers/Retailers, Two-Wheeler Manufacturers, and Institutional Channels.

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Rise of Leading Organized Helmet Brands

The Indian government's implementation of stricter regulations, such as the recent amendment of Section 129 of the Motor Vehicle Act, has fueled a shift in consumer preferences towards smaller, organized helmet brands. This amendment stipulates that helmets should have a thickness of 20-25 mm, be made of superior quality foam, carry an ISI mark, and conform to the Bureau of Indian Standards. Consequently, customers are increasingly inclined to opt for reliable helmet brands that meet these stringent requirements.

The India two-wheeler helmet market is set to flourish in the coming years, driven by the stringent regulations imposed by the government and the growing awareness of road safety. With an expected CAGR of 14% from 2021 to 2026, the market offers significant opportunities for both established and emerging players. Manufacturers who focus on meeting the evolving safety standards and consumer demands are likely to thrive in this expanding market landscape.

Years considered for this report:

• Historical Period: FY’2016-FY’2019
• Base Year: FY’2020
• Estimated Year: FY’2021
• Forecast Period: FY’2022–FY’2026

Objective of the Study:

• To analyze and forecast the market size of India Two-Wheeler Helmet Market.
• To classify and forecast the India Two-wheeler Helmet Market based on Helmet type, Distributor Channel Type, By Region and By Company.
• To identify drivers and challenges for the India Two-wheeler Helmet market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India Two-wheeler Helmet market.
• To identify and analyze the profile of leading players involved in India Two-wheeler Helmet market.

Studds, Vega, Steel Bird, Aerostar, Wrangler, Ergo, Aaron, Royal Enfield, LS2 and THH among others are some of the leading players in India two-wheeler helmet market. TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of two-wheeler helmet manufacturers in India. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include vendors and service providers that could not be identified due to the limitations of secondary research. TechSci Research analysed product offerings, application, distribution channel and regional presence of all two-wheeler helmet manufacturers across India.

TechSci Research calculated the market size of India two-wheeler helmet market using a top down approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

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Key Target Audience:

• Two-wheeler Helmet manufacturers, suppliers/ dealers and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to India Two-wheeler Helmet market
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as two-wheeler helmet manufacturers, distributors and dealers, customers, and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion. thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, India two-wheeler helmet market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, by Type:

• Full Face
• Open Face
• Half Face
• Modular
• Motocross

Market, By Distributor Channel:

• Offline
• Dealers/ Retailers
• Two-Wheeler manufacturers
• Institutional
• Online

Market, By Region:

• North
• East
• West
• South

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About TechSci Research:

TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

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