Colombia Motorcycle Helmet Market Research Report, 2028

Colombia Motorcycle Helmet Market Research Report, 2028

Actual Market Research 31-03-2023 60 Pages Figures : 5 Tables : 11 Region : South America Country : United Arab Emirates Category : Consumer Goods & Services Household Goods

The motorcycle industry is a significant contributor to the growth of the motorcycle helmet market in Colombia. Motorcycles are a popular mode of transportation in both urban and rural areas of Colombia, where there is a large motorbike market. This has resulted in an increase in demand for motorcycle helmets as a safety measure, in accordance with the country's mandatory helmet laws. As the motorcycle industry expands, the demand for motorcycle helmets in Colombia is expected to rise. Furthermore, rising public awareness of the importance of wearing helmets is fueling the growth of the Colombian motorcycle helmet market. The Colombian government passed Law 769 in 1996, making helmet use mandatory for all motorbike riders and passengers on public roads. The law also established minimum helmet safety standards and penalties for those who did not comply with the helmet law. The use of helmets by motorbike riders in Colombia has increased significantly since the implementation of the helmet law. According to the research report, “Colombia Motorcycle Helmet Market Research Report, 2028” published by Actual Market Research, the market is expected to grow at around 7% CAGR from 2023 to 2028. The reason is that motorcycles are becoming increasingly popular as a mode of transportation in Colombia. Motorcycles are a convenient and affordable mode of transportation, especially in congested urban areas. As more people choose motorcycles as their primary mode of transportation, so has the demand for helmets. The Colombian motorcycle helmet market has also benefited from technological advances in helmet design and materials. Manufacturers are developing lightweight, comfortable helmets with advanced features such as improved ventilation and impact protection. Based on research the market is segmented into smart and non-smart helmet. During the forecast period the market smart helmet market is expected to gain the highest market share in motorcycle helmet market of Colombia. Colombia was the first country in the world to enact a helmet law that mandated the use of helmets by all motorcycle riders and passengers. In addition to the mandatory helmet law, some Colombian cities have implemented additional regulations to improve road safety for motorcyclists, such as requiring motorcycle riders to take safety courses and restricting motorcycle use at certain times of the day. The Colombian government has partnered with private companies to provide low-income motorcycle riders who cannot afford to buy helmets with free helmets. Colombian motorcyclists have a reputation for being skilled and adventurous riders, with many participating in long-distance rides and motorcycle rallies throughout the country. Some cities in Colombia have implemented helmet exchange programs, where motorcyclists can trade in their old or damaged helmets for new ones at a discounted price, in an effort to encourage helmet use and improve road safety. Based on Product Type, the market is divided into three categories: full face, half face, and off-road racing. Among them, the full-face helmet had the highest market share. During the forecast period, the full-face helmet is expected to dominate the Colombia helmet market. Full-face helmets are expected to dominate the motorcycle helmet market in Colombia because they offer the highest level of protection and are preferred by many riders for their safety features. These helmets cover the entire head and face, providing protection against impact and abrasion in case of an accident. Furthermore, many riders in Colombia prefer full-face helmets for their aesthetic appeal. These helmets come in a variety of designs and colors, allowing riders to express their personality and style while staying safe on the road. Based on Distribution Channel, the market is segmented into two parts: offline distribution channels and online distribution channels. The offline distribution channel currently rules the market. During the forecast period, the online segment is expected to significantly dominate the Colombia helmet market. Customers can shop for and buy helmets from the comfort of their own homes, eliminating the need to visit a physical store. This is especially helpful for customers who do not live near a motorcycle or bicycle shop or who have busy schedules and little time to shop in person. Online retailers frequently offer lower prices on helmets than brick-and-mortar stores because they have lower overhead costs and can benefit from economies of scale. Customers may be able to purchase higher-quality helmets at a lower cost as a result of this. Based on End user, the market is segmented into two segments based on end users: riders and passengers. During the forecast period, the rider segment will account for the majority of the helmet market in Colombia. The rider segment is the most important market for helmets in the Colombia for several reasons. Motorcycle riding is a popular recreational activity as well as a mode of transportation in Colombia, with millions of riders hitting the road each year. As a result, there is a significant market for motorcycle helmets, with many riders looking for high-quality, long-lasting helmets that will keep them safe in the event of an accident. Helmets are required by law in many states for motorcycle riders. Colombia has a number of local motorbike helmet manufacturers. Among the major manufacturers are: Tona Helmets: Tona Helmets is one of Colombia's largest helmet manufacturers, offering a diverse range of products for various types of motorcycle riders. NEXX Helmets is a Colombian brand that manufactures high-quality helmets for both street and off-road riding. BKS Helmets: BKS Helmets is a Colombian company that manufactures full-face helmets, including racing helmets and helmets with built-in communication systems. Oneal Helmets: Oneal Helmets is a Colombian brand that sells helmets for various types of motorcycle riding, such as motocross and enduro. Considered in this report • Geography: Colombia • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Colombia Helmet market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product Type: • Full Face • Half Face • Off Road/ Racing By Distribution Channel: • Offline • Online By End User: • Rider • Passenger The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Motorcycle Helmet industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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