Product Code: ETC053169 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Philippines Helmet market currently, in 2023, has witnessed an HHI of 4048, Which has decreased slightly as compared to the HHI of 4091 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Philippines helmet market is expected to grow at a CAGR of 4.6% during the forecast period (2025-2031). The growing demand for helmets in the country is attributed to various factors including increasing awareness about road safety, implementation of stringent rules and regulations pertaining to wearing protective gear while riding two wheelers, rising number of motorcycle sales and proliferation of industrial activities among others
The sale and usage of motorcycles in the country has increased significantly over the past few years owing to its low cost as compared to cars which makes it an affordable option for most Filipinos. This has created a higher demand for associated safety gears such as helmets thus boosting growth prospects for the helmet market in these regions. Additionaly, manufacturers are increasingly incorporating technological advancements into their products such as Bluetooth connectivity, anti-fog visors, airbags etc., thereby creating value propositions for consumers and driving sales volumes up furthering growth prospects in this region. Further, smart helmets featuring sensors that enable communication with vehicles or other riders along with display units have been gaining traction among riders who look out for futuristic solutions when it comes to safety measures on roads thus providing manufacturers access lucrative opportunities within this industry space.
Premium quality products featuring high end technology remain relatively costly making it difficult from potential customers perspective which is posing challenges on revenue side hindering sustained growth trends within this domain significantly
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Helmet Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Helmet Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Helmet Market - Industry Life Cycle |
3.4 Philippines Helmet Market - Porter's Five Forces |
3.5 Philippines Helmet Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Philippines Helmet Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Philippines Helmet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Helmet Market Trends |
6 Philippines Helmet Market, By Types |
6.1 Philippines Helmet Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Philippines Helmet Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 Philippines Helmet Market Revenues & Volume, By Motorcycle Helmets, 2021-2031F |
6.1.4 Philippines Helmet Market Revenues & Volume, By Bicycle Helmets, 2021-2031F |
6.1.5 Philippines Helmet Market Revenues & Volume, By Other Helmets, 2021-2031F |
6.2 Philippines Helmet Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Philippines Helmet Market Revenues & Volume, By Transportation, 2021-2031F |
6.2.3 Philippines Helmet Market Revenues & Volume, By Sport, 2021-2031F |
6.2.4 Philippines Helmet Market Revenues & Volume, By Dangerous Work Activities, 2021-2031F |
7 Philippines Helmet Market Import-Export Trade Statistics |
7.1 Philippines Helmet Market Export to Major Countries |
7.2 Philippines Helmet Market Imports from Major Countries |
8 Philippines Helmet Market Key Performance Indicators |
9 Philippines Helmet Market - Opportunity Assessment |
9.1 Philippines Helmet Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Philippines Helmet Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Philippines Helmet Market - Competitive Landscape |
10.1 Philippines Helmet Market Revenue Share, By Companies, 2024 |
10.2 Philippines Helmet Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |