Global Market Research Company US India Two-Wheeler Helmet Market Forecast and Oppor | Page 9

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