Global Bike Safety Equipment Market Insights, Forecast to 2028

Increased adoption of bicycle safety gear has been observed in recent past due to accidental injuries across the globe. Growing safety concern has been raising among riders in past years. Urban bike accidents are increasing globally, especially in developed economies such as U.S., Europe. It has been observed that urban bicycle accidents are tend to happen more frequently and causes more serious injuries however the number of accidents are declining. In U.S., 70% of all bike accidents happen in city area. The accidents are less in suburban and rural area due to less traffic and better flexibility to install bicycles safety features. As per an independent study, overall number of bicycle accidents in U.S. has declined but fatal bike accidents are rising. In 2015, 45,000 bicycle accidents were recorded in U.S., which was down by 5,000 from the previous year. However, a sharp 12% increase in fatal accidents have also recorded the same year which again highlights the necessity of bicycle safety gear.
Market Analysis and Insights: Global Bike Safety Equipment Market
The global Bike Safety Equipment market size is projected to reach US$ million by 2028, from US$ million in 2021, at a CAGR of % during 2022-2028.
Fully considering the economic change by this health crisis, Helmet accounting for % of the Bike Safety Equipment global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Online Stores segment is altered to an % CAGR throughout this forecast period.
China Bike Safety Equipment market size is valued at US$ million in 2021, while the North America and Europe Bike Safety Equipment are US$ million and US$ million, severally. The proportion of the North America is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Bike Safety Equipment landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Bike Safety Equipment market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Bike Safety Equipment market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Bike Safety Equipment market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Bike Safety Equipment market.
Global Bike Safety Equipment Scope and Market Size
Bike Safety Equipment market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Bike Safety Equipment market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Helmet
Mouth Guard
Gloves
Reflectors and Lights
Protective Glasses
Mirrors
Others
Segment by Application
Online Stores
Hypermarkets/Supermarkets
Multi-Brand Stores
Specialty Stores
Independent Small Stores
Others
By Company
Vista Outdoor
Dorel
Giant
Trek Bicycle
KASK
Mavic
Merida
Specialized
Uvex
Scott Sports
OGK KABUTO
MET
ABUS
SenHai Sports Goods
Strategic Sports
Orbea
Rudy Project
GUB
One Industries
CatEye
SIGMA SPORT
Serfas
Knog
Exposure Lights
Topeak
Planet Bike
NiteRider
Magicshine
BBB Cycling
Ferei
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA