India two wheeler helmet market forecast and opportunities, 2022 brochure

I n d i a Two - W h e e l e r H e l m e t M a r ke t By P ro d u c t Ty p e, By D i s t r i b u t i o n C h a n n e l , By Re g i o n , Co m p e t i t i o n Fo re c a s t & Opportunities, 2012-2022

Ta b l e o f C o n t e n t s

S. No.

Contents

1.

Product Overview

2.

Research Methodology

3.

Analyst View

4.

Voice of Customer

5.

Organized Vs Unorganized Market Scenario

6.

India Two-Wheeler Helmet Market Outlook 6.1.

Production

6.2.

Market Size & Forecast 6.2.1.

6.3.

Market Share & Forecast 6.3.1.

6.3.2.

6.4.

7.

By Value & Volume

By Product Type (Full face, Modular, Motocross, Open face and Half face)

By Distribution Channel (Showrooms/Specialty Stores, Supermarket/ Hypermarket, Multi-brand Stores, Online & Others)

6.3.3.

By Region

6.3.4.

By Company

Market Attractiveness Index 6.4.1.

By Product Type

6.4.2.

By Distribution Channel

6.4.3.

By Region

India Full Face Helmet Market Outlook 7.1.

Market Size & Forecast 7.1.1.

7.2.

By Value & Volume

Market Share & Forecast 7.2.1.

By Distribution Channel (Showrooms/Specialty Stores, Supermarket/ Hypermarket, Multi-Brand Stores, Online & Others)

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Ta b l e o f C o n t e n t s

S. No. 8.

Contents India Half Face Helmet Market Outlook 8.1.

Market Size & Forecast 8.1.1.

8.2.

Market Share & Forecast 8.2.1.

9.

Market Size & Forecast 9.1.1.

9.2.

By Value & Volume

Market Share & Forecast 9.2.1.

By Distribution Channel (Showrooms/Specialty Stores, Supermarket/ Hypermarket, Multi-Brand Stores, Online & Others)

India Modular Helmet Market Outlook 10.1.

Market Size & Forecast 10.1.1.

10.2.

By Value & Volume

Market Share & Forecast 10.2.1.

11.

By Distribution Channel (Showrooms/Specialty Stores, Supermarket/ Hypermarket, Multi-Brand Stores, Online & Others)

India Open Face Helmet Market Outlook 9.1.

10.

By Value & Volume

By Distribution Channel (Showrooms/Specialty Stores, Supermarket/ Hypermarket, Multi-Brand Stores, Online & Others)

India Motocross Helmet Market Outlook 11.1.

Market Size & Forecast 11.1.1.

11.2.

By Value & Volume

Market Share & Forecast 11.2.1.

12.

Pricing Analysis

13.

Market Dynamics

By Distribution Channel (Showrooms/Specialty Stores, Supermarket/ Hypermarket, Multi-Brand Stores, Online & Others)

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Ta b l e o f C o n t e n t s S. No.

14.

Contents 13.1.

Drivers

13.2.

Challenges

Market Trends & Developments 14.1.

Rising Organized Sector

14.2.

Expanding Two-wheeler Fleet Size

14.3.

Increasing Chinese Helmet Penetration

14.4.

Growing Domestic Two-wheeler Helmet Manufacturing

14.5.

Maharashtra Dominating Two- wheeler Helmet Market

15.

Policy & Regulatory Landscape

16.

SWOT Analysis

17.

India Economic Profile

18.

Competitive Landscape 18.1.

Steelbird Hi-Tech India Ltd.

18.2.

Studds Accessories Ltd.

18.3.

Aerostar Helmets Pvt. Ltd.

18.4.

Vega Auto Accessories Pvt. Ltd.

18.5.

Wrangler Helmets

18.6.

Armex Auto Industries

18.7.

Nikpol India

18.8.

Paras Industries India

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Ta b l e o f C o n t e n t s

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Contents 18.9.

HJC Helmets

18.10.

LS2 Helmets

19.

Strategic Recommendations

20.

About Us & Disclaimer

5 © TechSci Research

Product Overview

Product Definition Two-wheeler helmets are used by motorcycle and scooters riders. The primary goal of twowheeler helmet is to protect the rider's head during impact, thereby preventing or reducing head injury and saving the rider's life.

Classification According to Product Type

Product Type

Description

Full Face Helmet

A full face helmet covers the entire head, with a rear that covers the base of the skull, and a protective section over the front of the chin.

Modular Helmet

Modular helmets are designed to be worn only in the closed position for riding, as the movable chin bar is designed as a convenience feature, useful while not actively riding.

Motocross Helmet

The motocross helmet has clearly elongated chin and visor portions, a chin bar, and partially open face to give the rider extra protection while wearing goggles.

Open Face Helmet

The open face, or "three-quarters", helmet covers the ears, cheeks, and back of the head, but lacks the lower chin bar of the full face helmet.

Half Face Helmet

It has essentially the same front design as an open face helmet but without a lowered rear in the shape of a bowl.

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Research Methodology

Market Profiling •In-depth secondary research was conducted to determine top players in India two-wheeler helmet market, overall market size and segmental market size.

Data Collection

Research & Intelligence

Data Filter & Analysis

Actionable Insights

Business Solution

Formulating Questionnaire •In order to conduct industry experts interviews, TechSci formulated a detailed questionnaire.

Developing list of respondents •List of industry players and industry specialists was developed.



Identifying Key Opinion Leaders

 

Questionnaire Design In-depth Interviews

A Primary Research

B Desk Research

Data Collection •TechSci conducted interviews with industry experts, industry players, for data collection and verification.

C



Market Participants



Key Strengths



Recent Developments



Market Changing Aspects/Dynamics Government Policies

 

Final Conclusion

Company Analysis

Data Validation •Data obtained as a result of primary and secondary research was validated through rigorous triangulation.

Data Analysis •The data was scrutinized using MS-Excel and statistical tools, such as Time Series Analysis etc., to obtain qualitative and quantitative insights about the India two-wheeler helmet market.

Primary Research  

LinkedIn TechSci Internal database

Secondary Research       

Company Website Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body, Associations, etc.

Paid Sources  

Factiva Hoovers

7 © TechSci Research

Research Methodology

Baseline Methodology: For the study, TechSci Research has gathered information through primary research surveys with leading helmet companies operating in India. We also put through an exhaustive search of credible paid databases, such as Business Week, Factiva, Hoovers, etc., including our internal database. Our team of analysts has then prudently evaluated all the collected information and presented the same in chronological order to depict a meaningful and clear picture of India two-wheeler helmet market. While compiling the data, we have also cross-checked all the collected information from multiple sources and data warehouses, so as to present the most accurate and precise information of the concerned industry. We have used innovative business model that focuses on improving productivity, while ensuring creation of high-quality reports.

Regional Scoping

Regions

Prominent States

North

Haryana

Punjab

Delhi NCR

Himachal Pradesh

Jammu & Kashmir

-

-

South

Karnataka

Andhra Pradesh

Kerala

Tamil Nadu

-

-

-

East

West Bengal

Bihar

Jharkhand

Odisha

-

-

-

West

Gujarat

Goa

Maharashtra

Rajasthan

-

-

-

8 Š TechSci Research

Industry Brief 25% Helmets in India Were Sold Based on Retailers Recommendations in 2016 According to TechSci Research report, “India Helmet Market By Product Type, By Distribution Channel, Competition Forecast & Opportunities, 2012-2022”, India two-wheeler helmet market is projected to grow at a CAGR of around 25% during 2017 - 2022. Expanding two-wheeler user base, rising awareness among consumers about road safety, coupled with helmet use being made mandatory for two-wheeler riders in various cities across the country are few of the major factors boosting helmet sales in India over the last few years. Moreover, with a variety of helmet models to choose from, ranging from the most basic versions to the ones with advanced safety features, is further boosting growth of two-wheeler helmet market in India

On the basis of type, India two-wheeler helmet market is segmented into, full face, half face, open face, modular, and motocross. In 2016, full face helmet segment dominated the country’s two-wheeler helmet market, predominantly on account of safety aspect associated with it. It provides full coverage of the head with a protective section in the front for chin safety. Increasing per capita income and rising preference towards two-wheeler use are anticipated to boost demand for two-wheeler helmet in India during the forecast period. Multi-brand store is the most popular channel for the sales of helmets, followed by showrooms/ specialty stores and supermarkets/ hypermarkets.

“Unorganized sector captures a large market share in India two-wheeler helmet market. However, due to inferior product quality offered by the unorganized players and increasing consumer awareness about road safety, a growing number of users are choosing organized players as their preferred choice. In addition to enhanced safety and better product quality, various other benefits such as warranty, discounts, etc. are

attracting consumer towards organized players.” said Mr. Mahesh Bendre, Vice President with TechSci Research, a research based global management consulting firm.

9 © TechSci Research

Sample Data - Snapshot

Figure 12: India Two-Wheeler Helmet Market Size, By Value (USD Billion), By

Figure 17: India Two-Wheeler Helmet Market

Volume (Million Unit), 2012-2022F

Attractiveness Index, By Product Type, By Volume,

10

16

CAGR 2017E2022F

By Value: X%

By Volume: X%

By Value: X%

By Volume: X%

11

17

12

18

13

19

14

Value (USD Billion)

20

15

21

16

22

17

23

18

24

Full Face

12.00% Half Face

11.00% 19

25

20

Volume (Million Unit)

Figure 14: India Two-Wheeler Helmet Market Share, By Distribution

CAGR (2017E-2022F)

15

2016-2022F

CAGR 20122016

10.00%

Motocross

9.00%

Modular

8.00% 7.00%

Channel, By Volume, 2012-2022F 17.00%17.00% 17.00% 17.00% 17.00% 17.00% 17.00% 17.00% 17.00% 17.00%17.00%

Open Face

6.00% 0.00

13.00%13.00% 13.00% 13.00% 13.00% 13.00% 13.00% 13.00% 13.00% 13.00%13.00% 15.00%15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00%15.00%

0.50

1.00

Low

1.50 Medium

2.00

2.50

3.00 High

Note: The size of the bubble corresponds to the market size in 2016

5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%

Multi-Brand Stores

Showrooms/Specialty Stores

Supermarket/ Hypermarket

Online

Multi-Brand Stores X% Supermarket/ Hypermarket X% Showrooms/Spe cialty Stores X%

Source: XXXXXX Note: These are dummy figures; please purchase our report for actual data

Online X% Others

Segmental Shares (2016)

India Half Face Helmet Market (2016) XXX Million Units

10 Š TechSci Research

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Report Name:India Two-Wheeler Helmet Market By Product Type, By Distribution Channel, By Region, Competition Forecast & Opportunities, 2012-2022

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About Us: TechSci Research is a global market research and consulting company with offices in Canada, India and the UK. TechSci Research provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on improved productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.

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Disclaimer: The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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