Sri Lanka Helmet Market (2022-2028) | Outlook, Size, Forecast, Industry, Share, Growth, Revenue, Analysis, Trends, Value & COVID-19 IMPACT

Sri Lanka Helmet Market report comprehensively covers the market by Product and Applications. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Sri Lanka Helmet Market Synopsis

Sri Lanka Helmet Market is expected to experience growth in the forecasted period due to the rising population and strict implementation of governmental measures. A helmet offers protection to the most vital organ of the human body i.e., the Brain. They act as a cushion for the head in an event of an accident and provide an extra layer of protection to the vital body part. A helmet significantly reduces the severity of the incident by absorbing the impact minimizing the damage and cost inflicted due to the accident. Rising accident due to various factors is a concern for the country and government.

According to 6Wresearch, the Sri Lanka Helmet Market size is expected to grow during 2022-2028. The rise in Motorcycle sales is also considered to be a major driver for the Sri Lanka Helmet Market Share. As the motorcycle is the most prominent mode of transportation in day-to-day life in the developing country, it provides an economical advantage to the user and is also versatile, easy to use and repair, and cheaper compared to the alternative mode of transport such as cars and trains. They take up less space on the road and produce fewer emissions.

Awareness of safety measures during commuting on two-wheelers among Sri Lanka is increasing due to efforts made by Organizations, NGOs, and the Government driving the Sri Lanka Helmet Market Growth. Moreover, new policies from the government for vehicle and user safety acts as a driving force for the market as individuals adhered to the new government policies. Helmet Sales are very low among children, with proper implementation of laws it can act as a driving factor for the market.

Advancement in material science is leading to the development of a new variety and quality of helmets that are comfortable to wear, durable for the coming years, and lightweight at the same time. For Example - The use of Carbon Fibre in helmet design and manufacturing has significantly increased the protection of the product and reduced its weight at the same time, making the helmet more comfortable for the user. Sri Lanka Helmet Market is also offering different designs and styles to attract bike enthusiasts. All these advancement leads to further driving the growth of the market.

Sri Lanka Helmet Market is a highly competitive market due to the country’s low purchasing power, compounded with the high cost of the helmet is an inhibiting factor in the growth of the market.

Impact of COVID-19 on Sri Lanka Helmet Market

Due to COVID-19, a strict lockdown has been imposed all over the globe which has resulted in people staying inside their houses with no commuting allowed. This has significantly reduced Sri Lanka Helmet Market Revenue. Helmet manufacturing requires raw materials from many countries, but the pandemic seriously affected all the supply lines. With both supply and demand sides hampered, COVID brought the market to a standstill. However, increasing vaccinations coupled with surging traffic, and back to normalization are bringing the market back to normal.

Market Analysis based on Product

Based on Product, the motorcycle segment has been the dominating segment due to the motorcycle’s cost to value offered in the developing country.

Market Analysis based on Applications

Based on Applications, the transportation segment has the key revenue share of the Sri Lanka Helmet Market owing to much larger individuals in the segment and it's being a day-to-day life necessity.

Key players in Sri Lanka Helmet Market 

Some of the key players active in the market are: 

• Dainese SpA
• HJC Europe S.A.R.L
• Shoei Co. Ltd
• Arai Helmet Ltd
• Schuberth GmbH
• BELL HELMET

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects

Key Highlights of the Report:

• Sri Lanka Helmet Market Outlook
• Market Size of Sri Lanka Helmet Market, 2023
• Forecast of Sri Lanka Helmet Market, 2030
• Historical Data and Forecast of Sri Lanka Helmet Revenues & Volume for the Period 2020-2030
• Sri Lanka Helmet Market Trend Evolution
• Sri Lanka Helmet Market Drivers and Challenges
• Sri Lanka Helmet Price Trends
• Sri Lanka Helmet Porter's Five Forces
• Sri Lanka Helmet Industry Life Cycle
• Historical Data and Forecast of Sri Lanka Helmet Market Revenues & Volume By Product for the Period 2020-2030
• Historical Data and Forecast of Sri Lanka Helmet Market Revenues & Volume By Motorcycle Helmets for the Period 2020-2030
• Historical Data and Forecast of Sri Lanka Helmet Market Revenues & Volume By Bicycle Helmets for the Period 2020-2030
• Historical Data and Forecast of Sri Lanka Helmet Market Revenues & Volume By Other Helmets for the Period 2020-2030
• Historical Data and Forecast of Sri Lanka Helmet Market Revenues & Volume By Applications for the Period 2020-2030
• Historical Data and Forecast of Sri Lanka Helmet Market Revenues & Volume By Transportation for the Period 2020-2030
• Historical Data and Forecast of Sri Lanka Helmet Market Revenues & Volume By Sport for the Period 2020-2030
• Historical Data and Forecast of Sri Lanka Helmet Market Revenues & Volume By Dangerous Work Activities for the Period 2020-2030
• Sri Lanka Helmet Import Export Trade Statistics
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Applications
• Sri Lanka Helmet Top Companies Market Share
• Sri Lanka Helmet Competitive Benchmarking By Technical and Operational Parameters
• Sri Lanka Helmet Company Profiles
• Sri Lanka Helmet Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product 

• Motorcycle Helmets
• Bicycle Helmets
• Other Helmets

By Applications 

• Transportation
• Sport
• Dangerous Work Activities