Market Forecast by Countries (Brazil, Mexico, Argentina, Rest of Latin America), By Product (Motorcycle Helmets, Bicycle Helmets, Other Helmets), By Applications (Transportation, Sport, Dangerous Work Activities), And Competitive Landscape
Product Code: ETC059136 | Publication Date: Jun 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
The Latin America helmet market report thoroughly covers the market by product type, application type, end-user type, and Countries including Mexico, Brazil, Argentina, and the rest of Latin America. Latin America Helmet market outlook report provides an unbiased and detailed analysis of the ongoing Latin America Helmet market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.
Latin America Helmet Market is anticipated to register sound revenues in the forthcoming years on the back of the rising purchase of premium helmets to ensure extreme safety in the developed and developing nation across the region. Additionally, the growing popularity of sportbikes, especially among the youngsters coupled with the rising bike racing sports events, is leading to instigating the purchase of more sports bikes across the region and this is further resulting in the growth of the helmet market in the entire Latin America region in the forthcoming years.
Latin America Helmet Market is expected to register a proliferation in the upcoming six years. Motorcycles or bicycles are less safe than cars in case of an accident. The goal of the helmet is to minimize the likelihood of severe head and brain trauma by the effect of force or head injury. Policy improvements aimed at reducing road traffic accidents during the last few years differ greatly across various areas and countries of the world. Wearing a motorcycle helmet will minimize the risk of death by almost 40% and the risk of serious injury by more than 70%. The effectiveness of motorcycle helmets in minimizing head trauma is partially attributed to the quality of the helmets. Requiring helmets to conform to an accepted protection requirement is necessary to ensure that helmets can minimize the risk of a head injury in case of an accident. In turn, expanded policy legislation to encourage the use of helmets for safeguards has also provided a range of incentives for helmet suppliers to produce advanced helmets. In addition, government mandates on wearing helmets while driving coupled with increasing estimates of tragic deaths from head injury would further fuel demand for these helmets across the region.
According to 6Wresearch, the Latin America Helmet market size is projected to witness growth during 2021-2027. A rising number of accidents coupled with a surging number of young drivers are adding to the Latin America Helmet Market Growth. Moreover, increasing traffic congestion in developed economies is also proliferating the development of the market. Increasing government stringent norms in order to reduce the surging accidents are developing the growth of the market. The COVID-19 pandemic is presenting a host of challenges for helmet manufacturers, particularly those who rely on staff whose jobs are unable to be carried out remotely. Approximately 80% of manufacturers anticipate the pandemic to have direct economic consequences on their companies. The disruption of productivity triggered by COVID-19 has severe operational, social, and financial implications. This obliges market companies to reconsider crisis control and backup measures, workplace protection procedures, and innovative methods of operating all at the same time.
AGV, Shoei, Shark, HJC. ent are some key players in the Latin America helmet market.
Brazil and Mexico are exhibited to provide a major push to the demand for smart helmets in the Latin America region due to growing consumer awareness and the need to protect manpower from accidents in the industrial sector. Further, rising sales of motorcycles in the region would also spur the growth of the Latin American helmet market.
The market report thoroughly covers the following segments:
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 Latin America Helmet Market Overview |
3.1 Latin America Regional Macro Economic Indicators |
3.2 Latin America Helmet Market Revenues & Volume, 2020 & 2027F |
3.3 Latin America Helmet Market - Industry Life Cycle |
3.4 Latin America Helmet Market - Porter's Five Forces |
3.5 Latin America Helmet Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Latin America Helmet Market Revenues & Volume Share, By Product, 2020 & 2027F |
3.7 Latin America Helmet Market Revenues & Volume Share, By Applications, 2020 & 2027F |
4 Latin America Helmet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latin America Helmet Market Trends |
6 Latin America Helmet Market, 2017 - 2027 |
6.1 Latin America Helmet Market, Revenues & Volume, By Product, 2017 - 2027 |
6.2 Latin America Helmet Market, Revenues & Volume, By Applications, 2017 - 2027 |
7 Brazil Helmet Market, 2017 - 2027 |
7.1 Brazil Helmet Market, Revenues & Volume, By Product, 2017 - 2027 |
7.2 Brazil Helmet Market, Revenues & Volume, By Applications, 2017 - 2027 |
8 Mexico Helmet Market, 2017 - 2027 |
8.1 Mexico Helmet Market, Revenues & Volume, By Product, 2017 - 2027 |
8.2 Mexico Helmet Market, Revenues & Volume, By Applications, 2017 - 2027 |
9 Argentina Helmet Market, 2017 - 2027 |
9.1 Argentina Helmet Market, Revenues & Volume, By Product, 2017 - 2027 |
9.2 Argentina Helmet Market, Revenues & Volume, By Applications, 2017 - 2027 |
10 Rest of Latin America Helmet Market, 2017 - 2027 |
10.1 Rest of Latin America Helmet Market, Revenues & Volume, By Product, 2017 - 2027 |
10.2 Rest of Latin America Helmet Market, Revenues & Volume, By Applications, 2017 - 2027 |
11 Latin America Helmet Market Key Performance Indicators |
12 Latin America Helmet Market - Opportunity Assessment |
12.1 Latin America Helmet Market Opportunity Assessment, By Countries, 2020 & 2027F |
12.2 Latin America Helmet Market Opportunity Assessment, By Product, 2020 & 2027F |
12.3 Latin America Helmet Market Opportunity Assessment, By Applications, 2020 & 2027F |
13 Latin America Helmet Market - Competitive Landscape |
13.1 Latin America Helmet Market Revenue Share, By Companies, 2020 |
13.2 Latin America Helmet Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |