Cycling helmet is designed to protect the head of a cyclist while cycling to minimize the impact of any accidents. A helmet’s main motive is to protect from any head injury during fall from a bike. Helmet is based on riding style of the cyclist; it has three categories, which are Road bike helmets are well ventilated, lightweight, and aerodynamic. Mountain bike helmets have rear head coverage and well ventilated. Recreational Bike helmets provide basic protection and an economical choice. Cycling helmets have different sizes that will ensure better protection for cyclists.
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COVID-19 Scenario Analysis:
COVID-19 has affected the working of different industries and the supply chain of different companies, where they can import or export the products from one place to another. The worker of the companies has to work from home, which has affected the sales of the helmets and cycle due to the closure of retail stores. It has caused the downfall of cashflow and also inventory. Many factories are closed due to COVID 19, which has affected the production.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Rise in the safety concern, demand in cycles, encouraging the use of helmet, and government rule and regulation of road safety are the factors that drive the growth of the cycling helmet market. Disregard for personal safety and low awareness about road safety can be a threat to the growth of the helmet market. However, a rise in the number of riders in riding events, an increase in income, and strict supervision of road safety can create an opportunity for the global market.
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The global cycling helmet market trends are as follows:
New product launches to flourish the market
- The top key players in the cycling helmet market are increasing their sales through online as well as offline stores. The companies are building their goodwill and the distribution channels so that they can occupy the major market share.
- Investment in the awareness camps about road safety can help in maximizing the profit and growth of the companies.
- Companies are also using online channel of distribution that will help them to reach the maximum customers and it is also cost and time effective.
Key Benefits of the Report:
- This study presents the analytical depiction of the global cycling helmet industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global cycling helmet market share.
- The current market is quantitatively analyzed to highlight the global cycling helmet market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global cycling helmet market analysis based on competitive intensity and how the competition will take shape in coming years.
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