Market Forecast By Product (Motorcycle Helmets, Bicycle Helmets, Other Helmets), By Applications (Transportation, Sport, Dangerous Work Activities) And Competitive Landscape
|Product Code: ETC053171
|Publication Date: Oct 2022
|Updated Date: Feb 2024
|Product Type: Report
|No. of Pages: 70
|No. of Figures: 35
|No. of Tables: 5
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 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.
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.
Based on Product, the motorcycle segment has been the dominating segment due to the motorcycle’s cost to value offered in the developing country.
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.
Some of the key players active in the market are:
The report offers a comprehensive study of the subsequent market segments:
|1 Executive Summary
|2.1 Key Highlights of the Report
|2.2 Report Description
|2.3 Market Scope & Segmentation
|2.4 Research Methodology
|3 Sri Lanka Helmet Market Overview
|3.1 Sri Lanka Country Macro Economic Indicators
|3.2 Sri Lanka Helmet Market Revenues & Volume, 2021 & 2028F
|3.3 Sri Lanka Helmet Market - Industry Life Cycle
|3.4 Sri Lanka Helmet Market - Porter's Five Forces
|3.5 Sri Lanka Helmet Market Revenues & Volume Share, By Product, 2021 & 2028F
|3.6 Sri Lanka Helmet Market Revenues & Volume Share, By Applications, 2021 & 2028F
|4 Sri Lanka Helmet Market Dynamics
|4.1 Impact Analysis
|4.2 Market Drivers
|4.3 Market Restraints
|5 Sri Lanka Helmet Market Trends
|6 Sri Lanka Helmet Market, By Types
|6.1 Sri Lanka Helmet Market, By Product
|6.1.1 Overview and Analysis
|6.1.2 Sri Lanka Helmet Market Revenues & Volume, By Product, 2018 - 2028F
|6.1.3 Sri Lanka Helmet Market Revenues & Volume, By Motorcycle Helmets, 2018 - 2028F
|6.1.4 Sri Lanka Helmet Market Revenues & Volume, By Bicycle Helmets, 2018 - 2028F
|6.1.5 Sri Lanka Helmet Market Revenues & Volume, By Other Helmets, 2018 - 2028F
|6.2 Sri Lanka Helmet Market, By Applications
|6.2.1 Overview and Analysis
|6.2.2 Sri Lanka Helmet Market Revenues & Volume, By Transportation, 2018 - 2028F
|6.2.3 Sri Lanka Helmet Market Revenues & Volume, By Sport, 2018 - 2028F
|6.2.4 Sri Lanka Helmet Market Revenues & Volume, By Dangerous Work Activities, 2018 - 2028F
|7 Sri Lanka Helmet Market Import-Export Trade Statistics
|7.1 Sri Lanka Helmet Market Export to Major Countries
|7.2 Sri Lanka Helmet Market Imports from Major Countries
|8 Sri Lanka Helmet Market Key Performance Indicators
|9 Sri Lanka Helmet Market - Opportunity Assessment
|9.1 Sri Lanka Helmet Market Opportunity Assessment, By Product, 2021 & 2028F
|9.2 Sri Lanka Helmet Market Opportunity Assessment, By Applications, 2021 & 2028F
|10 Sri Lanka Helmet Market - Competitive Landscape
|10.1 Sri Lanka Helmet Market Revenue Share, By Companies, 2021
|10.2 Sri Lanka Helmet Market Competitive Benchmarking, By Operating and Technical Parameters
|11 Company Profiles