Global GPS Bike Computer Market, By Product Type (Non-Mapping, Mapping), Application (Fitness and Commuting, Athletics and Sports), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
GPS bike computer market will register its growth at a significant rate of 2.50% for the forecast period of 2021 to 2028. GPS bike computer market report analyses the growth, which is currently being growing due to the growing awareness towards a healthy and hygienic lifestyle.
GPS bike computer is a type of a navigation device that can be placed on the handlebars of a bicycle. This cycling computer receives satellite signals through GPS and helps users to supervise their rides and track their performance. It also tracks the owner’s progress on the road and helps them generate new routes or follow a pre-planned route and view the progress in real time.
The increasing health consciousness and growing awareness of smart wearable’s are factors which encouraging vendors to introduce innovative products to attract consumers, thus is considerably driving the demand for GPS bike computer and is one of the primary factors driving the GPS bike computer market growth rate. Furthermore, rapidly increasing adoption of smart cycling products is also acting as a notable factor that is driving the growth of the GPS bike computer market in the forecast period of 2021 to 2028.
In addition, the growing adoption of bicycles for commuting together associated with the growing participation in cycling sports and events, therefore is highly impacting the growth of the target market. The increasing health consciousness amongst people across the world and the rising preference for low cost, easy to use, and exclusively designed GPS bike computers is increasing across the world are also expected to play a major role in driving the demand for GPS bike computer, thus contributing to the growth of the GPS bike computer market in the above mentioned forecast period. Also, various players are engaged in manufacturing, featured, low cost, easy to use and unique designed GPS bike computers will further nurture ample opportunities for the market to grow. Furthermore, the high demand is eased by the introduction of trending analog GPS bike computers as well as growing adoption of bicycles for commuting together coupled with the rising participation in cycling sports and events is also contributing to the growth of the market.
However, some of the factors such as smart watches track similar details which may act as a major restraint towards the growth of the market.
This GPS bike computer market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on GPS bike computer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global GPS Bike Computer Market Scope and Market Size
GPS bike computer market is segmented on the basis of product type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on product type, the GPS bike computer market has been segmented into non-mapping and mapping.
- On the basis of application, the GPS bike computer market has been segmented into fitness and commuting and athletics and sports.
GPS Bike Computer Market Country Level Analysis
GPS bike computer market is analyzed and market size, volume information is provided by country of product type and application as referenced above.
The countries covered in the GPS bike computer market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the GPS bike computer market because of the rising disposable incomes along with the strong presence of populations who are inclined towards the outdoor sports activities in this particular region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and GPS Bike Computer Market Share Analysis
GPS bike computer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to GPS bike computer market.
The major players covered in the GPS bike computer market report SIGMA-ELEKTRO GmbH, BBB Cycling, Cycle Parts GmbH, Bryton Inc., Trek Bicycle Corporation, Garmin Ltd., BION INC., Pioneer Electronics (USA) Inc., omata, CATEYE CO. LTD., Giant Bicycles, Evans Cycles, Wahoo Fitness, Cambria Bike, Xplova Inc., Recreational Equipment, Inc., MiTAC Digital Technology Corporation, XOSS, Lezyne and Polar Electro among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global GPS Bike Computer Market
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