Helmet manufacturing business. Production of Bike Helmets. Profitable Safety Helmet Industry
A motorcycle helmet is a type of helmet used by motorcycle riders. The primary goal of a motorcycle helmet is motorcycle safety – to protect the rider’s head during impact, thus preventing or reducing head injury and saving the rider’s life. Some helmets provide additional conveniences, such as ventilation, face shields, ear protection, intercom etc.
The word helmet is diminutive from helm, a medieval word for protective combat headgear. The medieval great helm covers the whole head and often is accompanied with camail protecting throat and neck as well. Originally a helmet was a helm which covered the head only partly and protected it from injury in accidents.
The (re)movable chin bar of the flip up helmet really makes it special. When the chin bar is closed it is a full face helmet. With the touch of a button and the move of a hand, it becomes a sort of open face helmet
There are six types of motorcycle helmets:
- Full face.
- Modular (AKA Flip-up)
- Open face (AKA ¾ helmet)
- Half helmet (AKA brain bucket)
- Off-road (AKA motocross helmet)
- Dual-sport (AKA crossover, ADV, hybrid, endure)
Uses
- Protect Head and Brain
- Improve Ability to See
- Following the Law
- Keep Head Warm and Dry
- Improve Visibility for Others on the Road
- Protect Face
- Avoid High Medical Bills
- Reduce Risk of Being Found Partially At-fault in a Claim for Damages
Market outlook
In the last several years, India motorcycle market enjoyed the fastest growth rate, becoming the largest market in 2015. On the same time, India motorcycle helmets market enjoyed a fast growing in the past several years. Today, China, India and Southeast Asia have been the largest 3 suppliers of motorcycle helmets, represent more than 85% market in 2017.As the motorcycle market focus transferring to the developing regions like India and Southeast Asia, the market share of entrance door products is larger and larger.
India is one of the largest manufacturers for two-wheeler helmets in the world. The country has a total manufacturing capacity of 35 million for two-wheeler helmets. In last 5 years, the two-wheeler helmet industry has grown by a CAGR of 10%. This happened as government took various steps for ensuring safety of two-wheeler users by wearing a helmet. In India, around 50% of the helmet industry is under unorganized sector. With GST and demonetization, a shift is expected to be seen from unorganized sector to organized sector. The helmet industry is expected to grow at a CAGR of 17% till 2022. This will happen as two-wheeler riders become more aware about safety and as technological advancement takes place in the helmet industry. Increase in sales of two-wheelers will also boost the demand for helmets in India
Market growth is anticipated on account of rising awareness among consumers for safety coupled with introduction of advanced safety features in two-wheeler helmets. Moreover, increase in sales of luxury or premium two-wheeler vehicles coupled with rising per capita income is further expected to boost helmet sales in India during the forecast period.
In India, increasing number of two-wheeler accidents have compelled the government to make use of helmets compulsory by both rider and pillion India and globally that has enabled us to serve customers in over 31 countries as of June 30, 2018. As of June 30, 2018, we had tie-ups with 363 active dealers in India, and had sold our products through importers across Europe, North America, Asia, Latin America, Central America and Africa for our export operations. We believe that our well-developed sales and dealer network in India and globally is our key strength and distinguishes us from competition in a market where the lack of well-developed dealer network can create natural entry barriers.
Segmented by the product type, Full Face Helmet represent the largest share more than 50%, followed by Open Face Helmet and Half Helmet. Segmented by applications, on road represent market share 96.71% in 2017.The worldwide market for Motorcycle Helmets is expected to grow at a CAGR of roughly 0.3% over the next five years, will reach 1690 million US$ in 2024, from 1660 million US$ in 2019.
It currently enjoys approximately 38 per cent market share in the helmet industry. The company has three plants, with a manufacturing capacity of 22,000 units per day. Steel bird Helmets is also aiming to increase the production capacity to 44,500 helmets per day. The estimated demand for helmets is around 100 million pieces per annum and the good news is that the gap is being filled by those players who are conforming to the BIS norms, since after the enforcement of compulsory certification,
Key players
Bell, Schuberth, Shoei, , HJC, Shark, AGV, Arai, Nolan, Studds, YOHE ,LAZER, PT Tarakusuma Indah, Jiujiang Jiadeshi, OGK Kabuto, Hehui Group, Airoh, Pengcheng Helmets, Nanhai Xinyuan Helmets, Zhejiang Jixiang, Safety Helmets, MFG, YEMA, Chih Tong Helmet, Suomy, NZI, Aerostar Helmets Ltd.,M S A (India) Ltd., Mallcom (India) Ltd., Steelbird Hi Tech (I) Ltd.
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