MIPS

Jun 1, 2023

News provided by Share this article Share this article NEW YORK, June 1, 2023 /PRNewswire/ -- The global MIPS bicycle helmet market size is estimated to grow by USD 124.19 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 5.72%, during the forecast period. Europe is estimated to account for 38% of the global market growth during the forecast period. As a result of factors such as increasing demand for power-assisted bicycles, an increasing number of cycling sporting events, and increasing demand for commuter bicycles, the regional market is estimated to witness significant growth during the forecast period. Moreover, these bikes are a portable, lightweight alternative to scooters and electric vehicles. Hence, such rising demand for bicycles will lead to the growth of the market in Europe during the forecast period. For more insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027) -  Request a sample report What's New? Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession Global competitiveness and key competitor positions Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial  -  buy the report! MIPS Bicycle Helmets Market - Segmentation Assessment Segment Overview Technavio has segmented the market based on application (commuter and recreation and sport games), distribution channel (offline and online), and geography (Europe, North America, APAC, South America, and Middle East and Africa). The market share growth by the commuter and recreation segment will be significant for overall market growth during the forecast period. Cycling is very popular in countries such as Denmark and the Netherlands and thus, the high popularity of cycling in such countries, coupled with increasing demand for commuter bikes, drives the growth of the segment. Moreover, MIPS bicycle helmets are used by commuters who travel to different locations by bicycle. The adoption of MIPS bike helmets in North American and European countries can be attributed to the increasing acceptance of bicycles for commuting. Insights on the market contribution of various segments including country and region wise historic data (2017 to 2021), and forecast market size (2023 to 2027) - Download a Sample Report MIPS Bicycle Helmets Market – Market Dynamics Key factor driving market growth The advantages of MIPS bicycle helmets notably drive the MIPS bicycle helmet market growth. The MIPS technology reduces the severity of brain injury by reducing stress on brain tissue. It uses a slip-plane system that works inside the helmet, which is designed to rotate within the helmet, potentially slowing or reducing the amount of energy transferred to and from your head. An accident can put great stress on brain tissue, which leads to various types of brain injuries. This is leading to many vendors opting for MIPS technology in their bicycle helmets. Hence, the benefits of MIPS bicycle helmets, such as high protection against injuries coupled with the various product offerings of vendors, will drive the growth of the market during the forecast period. Leading trends influencing the market Increasing demand for bicycle commuting is an emerging trend influencing the MIPS bicycle helmet market growth. The proliferation of internet-enabled mobile devices in various countries drives a steady shift to online retail platforms as the preferred purchasing channel. Moreover, steady transactions, for instance, specialty stores, continue to be the main sales channel for MIPS bicycle helmets, but consumers are gradually moving to online purchasing platforms. Hence, such advantages increase the demand for MIPS bicycle helmets and drive the growth of the market. Major challenges hindering the market growth The availability of counterfeit products of bicycle helmets is a challenge impeding the MIPS bicycle helmet market growth. Counterfeits are popular because they are cheap, and their availability adversely affects a vendor's sales and pricing strategy. This is because these products dilute the vendor's market share and damage its reputation. Furthermore, advertising and promotional campaigns help vendors retain and attract customers and ensure brand loyalty. But such promotional activities add additional costs to providers and reduce profit margins. Hence, the availability of counterfeit goods has a negative impact on the mass sales of vendors operating in the market. This impedes the growth of the market during the forecast period. Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021) and forecast period(2023 to 2027)-  Request a sample report! What are the key data covered in this MIPS Bicycle Helmets Market report? CAGR of the market during the forecast period Detailed information on factors that will drive the growth of the MIPS bicycle helmets market between 2023 and 2027 Precise estimation of the size of the MIPS bicycle helmets market size and its contribution to the market with a focus on the parent market Accurate predictions about upcoming trends and changes in consumer behavior Growth of the MIPS bicycle helmets market across Europe, North America, APAC, South America, and Middle East and Africa A thorough analysis of the market's competitive landscape and detailed information about vendors Comprehensive analysis of factors that will challenge the growth of MIPS bicycle helmets market vendors Gain instant access to 17,000+ market research reports. Related Reports: The automotive smart helmet market size is expected to increase to USD 72.71 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.16%. Furthermore, this report extensively covers automotive smart helmet market segmentation by type (full helmet and half helmet) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The increased use of electronic components in the automotive industry and its applications is notably driving the automotive smart helmet market growth. Based on Technavio's market sizing methodology, the motorcycle-connected helmet market size is predicted to reach 1238.93 thousand units from 2021 to 2026 at a CAGR of 4.73%. This report further entails motorcycle-connected helmet market segmentation by application (Freestanding and embedded) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The rising number of motorcycle accidents driving the adoption of the advanced connected helmet is notably driving the motorcycle-connected helmet market growth. MIPS Bicycle Helmets Market Scope Report Coverage Key companies profiled ABUS August Bremicker Sons KG, Active Brands AS, Bern, Cycling Sports Group LLC, Demon Electric, Giant Bicycle India, Hostettler AG, Limar Srl, MAVIC Group, Merida Industry Co. Ltd., MET SPA, MIPS AB, One Industries, ORBEA S. COOP. LTDA, POC Sweden AB, SCOTT Sports SA, Specialized Bicycle Components Inc., Vista Outdoor Inc., Lumen Labs Inc., and Frasers Group plc Market dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Table of Contents Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million) Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million) Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%) Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%) 4 Historic Market Size 4.1 Global MIPS bicycle helmets market 2017 - 2021 Exhibit 18: Historic Market Size – Data Table on global mips bicycle helmets market 2017 - 2021 ($ million) 4.2 Application Segment Analysis 2017 - 2021 Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million) 4.3 Distribution Channel Segment Analysis 2017 - 2021 Exhibit 20: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ million) 4.4 Geography Segment Analysis 2017 - 2021 Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million) 4.5 Country Segment Analysis 2017 - 2021 Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million) 5 Five Forces Analysis Exhibit 33: Data Table on Comparison by Application 6.3 Commuter and recreation - Market size and forecast 2022-2027 Exhibit 34: Chart on Commuter and recreation - Market size and forecast 2022-2027 ($ million) Exhibit 35: Data Table on Commuter and recreation - Market size and forecast 2022-2027 ($ million) Exhibit 36: Chart on Commuter and recreation - Year-over-year growth 2022-2027 (%) Exhibit 37: Data Table on Commuter and recreation - Year-over-year growth 2022-2027 (%) 6.4 Sport games - Market size and forecast 2022-2027 Exhibit 38: Chart on Sport games - Market size and forecast 2022-2027 ($ million) Exhibit 39: Data Table on Sport games - Market size and forecast 2022-2027 ($ million) Exhibit 40: Chart on Sport games - Year-over-year growth 2022-2027 (%) Exhibit 41: Data Table on Sport games - Year-over-year growth 2022-2027 (%) 6.5 Market opportunity by Application Exhibit 42: Market opportunity by Application ($ million) Exhibit 43: Data Table on Market opportunity by Application ($ million) 7 Market Segmentation by Distribution Channel 7.1 Market segments Exhibit 45: Data Table on Distribution Channel - Market share 2022-2027 (%) 7.2 Comparison by Distribution Channel Exhibit 46: Chart on Comparison by Distribution Channel Exhibit 47: Data Table on Comparison by Distribution Channel 7.3 Offline - Market size and forecast 2022-2027 Exhibit 48: Chart on Offline - Market size and forecast 2022-2027 ($ million) Exhibit 49: Data Table on Offline - Market size and forecast 2022-2027 ($ million) Exhibit 50: Chart on Offline - Year-over-year growth 2022-2027 (%) Exhibit 51: Data Table on Offline - Year-over-year growth 2022-2027 (%) 7.4 Online - Market size and forecast 2022-2027 Exhibit 52: Chart on Online - Market size and forecast 2022-2027 ($ million) Exhibit 53: Data Table on Online - Market size and forecast 2022-2027 ($ million) Exhibit 54: Chart on Online - Year-over-year growth 2022-2027 (%) Exhibit 55: Data Table on Online - Year-over-year growth 2022-2027 (%) 7.5 Market opportunity by Distribution Channel Exhibit 56: Market opportunity by Distribution Channel ($ million) Exhibit 57: Data Table on Market opportunity by Distribution Channel ($ million) 8 Customer Landscape Exhibit 62: Data Table on Geographic comparison 9.3 Europe - Market size and forecast 2022-2027 Exhibit 63: Chart on Europe - Market size and forecast 2022-2027 ($ million) Exhibit 64: Data Table on Europe - Market size and forecast 2022-2027 ($ million) Exhibit 65: Chart on Europe - Year-over-year growth 2022-2027 (%) Exhibit 66: Data Table on Europe - Year-over-year growth 2022-2027 (%) 9.4 North America - Market size and forecast 2022-2027 Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million) Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million) Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%) Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%) 9.5 APAC - Market size and forecast 2022-2027 Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million) Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million) Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%) Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%) 9.6 South America - Market size and forecast 2022-2027 Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ million) Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ million) Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%) Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%) 9.7 Middle East and Africa - Market size and forecast 2022-2027 Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million) Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million) Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%) Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%) 9.8 US - Market size and forecast 2022-2027 Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million) Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million) Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%) Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%) 9.9 China - Market size and forecast 2022-2027 Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ million) Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ million) Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%) Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%) 9.10 Germany - Market size and forecast 2022-2027 Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 ($ million) Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 ($ million) Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%) Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%) 9.11 UK - Market size and forecast 2022-2027 Exhibit 95: Chart on UK - Market size and forecast 2022-2027 ($ million) Exhibit 96: Data Table on UK - Market size and forecast 2022-2027 ($ million) Exhibit 97: Chart on UK - Year-over-year growth 2022-2027 (%) Exhibit 98: Data Table on UK - Year-over-year growth 2022-2027 (%) 9.12 France - Market size and forecast 2022-2027 Exhibit 99: Chart on France - Market size and forecast 2022-2027 ($ million) Exhibit 100: Data Table on France - Market size and forecast 2022-2027 ($ million) Exhibit 101: Chart on France - Year-over-year growth 2022-2027 (%) Exhibit 102: Data Table on France - Year-over-year growth 2022-2027 (%) 9.13 Market opportunity by geography Exhibit 103: Market opportunity by geography ($ million) Exhibit 104: Data Tables on Market opportunity by geography ($ million) 10 Drivers, Challenges, and Trends 10.1 Market drivers About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact