Sport
Head Protection Equipment Market to Reach USD 8.4 Billion by 2034 Amid Rising Participation in Rock Climbing and Mountain Biking
Increasing number of people engaging in leisure activities across the globe is expected to surge the focus on safety. The growing popularity of extreme sports and adventure travel is set to drive demand for specialized helmets.
Through 2034, it is anticipated that the popularity of mountain biking, rock climbing, and white-water rafting will soar, boosting demand for helmets. Sales of head protection devices will probably be propelled by stringent industry standards and regulations.
Growing public awareness of the risks associated with sports-related concussions is another important driver of the sector. The long-term implications of head injuries are becoming more widely recognized among athletes and parents of teenagers.
Rising media coverage and social media campaigns are affecting consumer purchase decisions and behavior in relation to head protection. Innovative hard hats are sought after by soccer and equestrian riding enthusiasts to guard against catastrophic head injuries.
A growing number of people are adopting a preventive approach to healthcare. Millennials are more concerned with adopting preventative methods to prevent serious injuries in the first place. As a result, parents of children learning to ride bikes are becoming more and more in demand for safety helmets. Seniors who are at a higher risk of falling are also expected to use this equipment.
It is projected that through 2034, technological improvements will have a favorable influence on the functionality and design of head protection equipment. Globally, the discipline of materials science is constantly undergoing innovation. It is, hence, expected that the industry will open up new doors for helmet designers to produce better models.
says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).
Regional companies that are well-established in the rapidly expanding head protection equipment sector are concentrating on broadening their current product lines. To create cutting-edge products, these businesses continually spend on research and development. A few firms are releasing safety goods for kids in addition to adults.
It is anticipated that merger and acquisition activity in the head protection equipment market will open up new growth avenues. Key corporations are working to partner with small-scale manufacturers who have highly skilled labor to co-develop novel materials for helmet production. Further estimates of the sector's potential for geographic expansion and regional growth indicate that this will foster an atmosphere that is advantageous for important businesses.
In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global head protection equipment market, providing historical data from 2019 to 2023 and forecast statistics for the period 2024 to 2034. To understand the global market potential, growth, and scope, the market is segmented based on product type, end-use industry, and region.
The Industrial Automation division of Future Market Insights offers a novel approach and innovative perspective in analyzing the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial, and special-purpose machinery across the manufacturing sector and distinctive analysis of the installed base, consumables, replacement, and USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
Future Market Insights (FMI) is a leading market intelligence and consulting service provider, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, the U.S., and India . FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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