In 2023, the global motorcycle helmet market is expected to reach an impressive valuation of $2. 7 billion. With a CAGR of 7. 1% from 2023 to 2033, it is expected to reach a market valuation of $5. 3 billion by the end of the forecast period.
The expected increase in global demand for luxury motorcycles, coupled with the growing popularity of motorcycle events and championships, presents promising expansion opportunities for helmet manufacturers. In addition, the growing popularity of motorsports and motor racing championships, both nationally and internationally, reinforces these favorable prospects.
Major automobile brands such as Honda, Ducati, Suzuki, Yamaha and Repsol Honda play a key role in this success. They contribute through intermediary promotions, advertising and monetary and technical contributions to teams, runners and track operators.
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Technological advancements have made operators in the education market launch smart headsets in the global market. Smart helmets have complex features for drivers to drive smoothly and successfully avoid traffic accidents.
Some of the features of the Wise earbuds include GPS connectivity, voice assistance, tracking systems, cameras, Bluetooth connectivity, and Wi-Fi. Smartphones can be connected to Wise headphones. This causes passengers to make, receive, and reject calls. Smart helmets can also reduce head injuries in car accidents. Therefore, the launch of a multifunctional smart motorcycle helmet is expected to provide lucrative expansion opportunities for the market.
Key points to remember
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Author
Sneha Varghese (Principal Consultant, Consumer Goods & Products) has over six years of experience in the consulting and market research industry. He has worked on more than two hundred assignments in studies similar to retail.
His work is primarily focused on facilitating strategic decisions, making plans and managing cross-functional business operations, generating projects, and driving successful implementations. He has helped create in-depth and in-depth analysis of food and beverage market reports and studies that come with consumer, retailer, and manufacturer market research. He has also contributed to several newsletters in culinary magazines and journals.
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