#Bike #Helmet #Market #Touch #USD #Billion #CAGR
New York, US, Oct. 07, 2022 (GLOBE NEWSWIRE) — Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR),”Bike Helmet Market Information by Type, by Application, and Region – Forecast till 2028”, the market is estimated reach USD 1.12 Billion by 2028. Moreover, the market size will soar at a rate of 5.35% between 2021 and 2028.
Market Synopsis
A bike helmet greatly brings down the chances of a head injury by nearly 70%, which makes it mandatory to be worn with other gears. However, most cyclists still do not wear one, putting their lives in danger. 63 percent of deaths are associated with not wearing a bike helmet. It helps cut down the severity of injuries in accidents.
The right size of the bike helmet helps protect the brain and the head, preventing internal as well as external damage. This is particularly important when it comes to kids given that their brains are still in the development stage.
Cycling has become one of the most popular trends over the years, as the most preferred form of exercise in linen with the surge in obesity and other diseases worldwide. Rising environmental concerns also foster the number of cyclists across the globe, which in turn has elevated the sales of a variety of bike helmets. Apart from this, strict laws pertaining to the use of bike helmets will further enhance the market size in the following years.
Get Free Sample PDF Brochure @ https://www.marketresearchfuture.com/sample_request/8022
Report Scope:
Report Attribute | Details |
Market Size in 2028 | USD 1.12 Billion |
CAGR | 5.35% (2021–2028) |
Base Year | 2019 |
Forecast Period | 2021-2028 |
Historical Data | 2018 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Type, Application, and Region |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Market Drivers | rising trend of cycling as a means of exercise to minimize… |
Read on GNW: Bike Helmet Market to Touch USD 1.12 Billion at 5.35% CAGR