Bike Helmet Market Segmentation, Opportunities, Status and Global Forecast To 2024

The Global Bike Helmet Market is estimated to be valued at USD 1,118.7 Million by 2024 and is expected to register a CAGR of 5.35% during the forecast period. Bike helmets are personal protective equipment for the prevention of head injuries. There are different types of helmets such as road, sports, and MTB helmets, depending on the application.     

Europe was the largest market for bike helmets in 2018 and the regional market is expected to maintain its dominance during the review period. In Europe, the market in Italy is projected to exhibit the highest growth rate of 7.46% during the forecast period. North America held a significant market share and was the second-largest market for bike helmets in 2018. However, the Asia-Pacific market is projected to register the highest CAGR during the forecast period. Increasing safety concerns regarding the rising instances of bike accidents is a key factor for market growth in this region.

There are various safety standards in different countries for bike riders. Thus, the presence of safety regulations and laws concerning helmets is expected to fuel the growth of the market for bike helmets. Moreover, the increased number of cycles on the road has led to a high accident rate which has influenced the sales of bike helmets across the globe. Also, with the increasing popularity of professional cycle racing, the sales of bike helmets are expected to rise during the forecast period.  

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Segmental Analysis

The global bike helmet market has been segmented on the basis of type, application, and region.

By type, the market has been divided into road helmets, sports helmets, and MTB helmets. 

Based on application, the global bike helmet market has been classified as daily transportation and sports/adventure. 

Key Players

• Vista Outdoor Operations LLC (US)
• Specialized Bicycle Components (US)
• Dorel Sports (Canada)
• Uvex Sports (Germany)
• Trek Bicycle Corporation (US)
• MET-Helmets (Italy)
• Limar Srl (Italy)
• Orbea (Spain)
• SCOTT Sports SA. (Switzerland)
• KASK S.p.a. (Italy)

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Regional Analysis

Geographically, the global bike helmet market has been segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. As per MRFR analysis, Europe dominated the market, accounting for the largest share, in 2018. However, the market in Asia-Pacific is expected to register the highest CAGR of 5.95% during the assessment period. The North American market accounted for the second-largest market share in 2018. The market in North America is estimated to reach USD 347.1 million by the end of 2024, with the US being the leading country-level market.

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Global Toys Market is projected to grow at a rate of 2.5% from 2019 to 2024

The Global Toys Market is projected to grow at a rate of 2.5% from 2019 to 2024 and reach a market value of USD 94 Billion by the end of 2024. The increasing demand for toys among children is offering a lucrative opportunity to market players, thereby encouraging new and innovative product launches. However, the shift toward game consoles and smartphones from traditional toys and games is expected to hamper the market growth during the forecast period.

Toys are an integral part of a child’s co-curricular activity where incorporating the right toys at an early age will help promote the overall development and decrease the chances of stunted physical and mental growth. According to a recent study by MRFR, 90% of young children’s playful activities involves toys. Furthermore, toys help in keeping the children engaged while guardians perform other important tasks or simply rest. Toys also assist in bridging an emotional gap and improve the quality of interactions between older and younger family members. Additionally, construction games participate in the development of skills and abilities of a child. Educational games make the learning easier and more effective for children due to several interactive activities that are preferred over traditional teaching pedagogies. 

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Segmentation

The global toys market has been segmented based on type, distribution channel, and region.

Based on type, the global toys market has been segmented into preschool toys, soft toys and dolls, action toys, arts and crafts toys, construction toys, vehicles, and others. 

On the basis of distribution channel, the global toys market has been classified as store-based and non-store-based. 

Key Players

Some of the key players in the Global Toys Market are Tomy Company, Ltd (Japan), The LEGO Group (Denmark), Spin Master Ltd (Canada), Hasbro, Inc. (US), Playmates Toys Limited (Hong Kong), Jazwares, LLC (US), VTech (Hong Kong), Funko Inc. (US), NECA (US), Tru Kids Brands (US), Mattel, Inc. (US), MGA Entertainment Inc. (US), Basic Fun, Inc. (US), WowWee Group Limited (Hong Kong), and Kenner Products (US).

Regional Analysis

The global toys market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world.

The North American toys market is expected to dominate during the forecast period due to advancements in action toys including high detailing and realism and high spending power of customers in the region. Higher number of retail stores as compared to is further boosting the regional market growth.

The toys market in Asia-Pacific is projected to grow at the fastest rate from 2019 to 2024. Higher number of children in the region is expected to make the toys industry an attractive market during the forecast period. Expanding middle class and rising popularity of digital gaming devices in China, Hong Kong, Japan, South Korea, and Australia are further triggering the regional market growth.

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Bath Soaps Market Analysis and Value Forecast 2019-2024

The Global Bath Soaps Market is ever-increasing, mainly due to the rising population, worldwide and the availability of a variety of soaps, offering a wide range of options. Besides, the rapid growth in the personal care industry and the rising consumer demand for different types of bath soaps are contributing to the growth of the market, colossally. The presence of several established market players is further fueling the global market growth through extensive distribution.

According to Market Research Future (MRFR), the global bath soaps market is estimated to create a valuation of USD 24.8 BN by the end of 2024. In its recently published analysis, MRFR also asserts that the market would register a 5.1% CAGR during the forecasted period (2019 – 2024). Factors such as an increase in preference for chemical-free and natural products led by the increased awareness on the benefits of natural bath soaps have boosted the market demand, commutatively. 

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Segments

The report is segmented into five market dynamics to widen the scope of understanding,

By Category: Organic and Conventional, among others.

By Form: Solid and Liquid, among others.

By Type: Medicated and Non-Medicated

By Distribution Channel: Store-Based (Supermarkets & Hypermarkets, Specialty Stores, others) and Non-Store-Based.

By Regions: Europe, North America, APAC, and the Rest-of-the-World (RoW).

Competitive Analysis

Highly competitive, the Bath Soaps Market appears to be fragmented due to the presence of many well-established players. When it comes to investing efforts, time, and money for further required R&D and formulation, players operating in the market show equal enthusiasm. Consumer preferences and demands are continually changing, and bath soaps makers are meeting the market demand by developing varieties of products using different types of ingredients. These players compete based on product differentiation, portfolios, and pricing to gain a substantially larger market share. 

Regional Analysis

The Asia Pacific region leads the global bath soaps market with the largest market share. Factors such as the rapidly expanding population and rising per capita disposable income in the region drive the regional market growth. Currently, the region accounts for around 37% of the total global market share, and China and Japan are the largest bath soaps markets in the region. The surge in online retailing has further escalated the market growth of bath soaps.

Moreover, advancements in manufacturing technologies, organized retail sector, and several promotion activities carried out by market players propel the bath soaps market in the APAC region.

The European bath soap market is growing considerably. Factors such as the augmenting market demand and the presence of fervent manufacturers with their extensive portfolio of products drive the regional market. Countries such as France and the UK, backed by their major beauty products market, account for substantial contribution. Based on the higher demand for luxury bath soaps, especially among the female population, the import and export of bath soaps in the region are expected to rise at a steady rate.

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Major Players: 

Players leading the Global Bath Soaps Market include Procter and Gamble (US), Unilever (UK), Colgate-Palmolive Company (US), Forest Essentials (India), Khadi Natural (India), Henkel AG & Co KGaA (Germany), L'Occitane International SA (Switzerland), L'Oreal S.A. (France), Neal's Yard (Natural Remedies) Limited (UK), Laverana GmbH & Co. KG (Germany), Truly's Natural Products (US), Chagrin Valley Soap & Salve Co. (US), The Honest Company Inc. (US), Botanie Natural Soap Inc. (US), and A Wild Bar Soap LLC (US), among others.

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