Bike Computer Trends and Forecast
The future of the global bike computer market looks promising with opportunities in the fitness & commuting and athletic & sport markets. The global bike computer market is expected to reach an estimated $0.9 billion by 2030 with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are increasing health consciousness, growing popularity of cycling as a sport and hobby, rising demand for smart cycling products, as well as, increasing use and demand for smart cycling equipment.Bike Computer by Segment
The study includes a forecast for the global bike computer by product type, sensor type, application, and region.Bike Computer Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
- Wired Computer
- Wireless Computer
Bike Computer Market by Sensor Type [Shipment Analysis by Value from 2018 to 2030]:
- Rear Wheel Sensor
- Speed/Cadence Sensor
- Gradient Sensor
- Heart Rate Sensor
Bike Computer Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Fitness & Commuting
- Athletics & Sports
Bike Computer Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Bike Computer Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies bike computer companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the bike computer companies profiled in this report include:- Giant Bicycles
- VETTA
- Pioneer Electronics
- Garmin
- Sigma Sport
- VDO Cyclecomputing
- Bryton
Bike Computer Market Insights
The report forecasts that wireless computer is expected to witness the highest growth over the forecast period because they provide multiple advantages i.e. easier installation and fewer moving parts.Within this market, fitness and commuting will remain the largest segment.
North America is expected to witness the highest growth over the forecast period due to the popularity of riding as a sport has increased road traffic collisions between motor vehicles and cyclists, which have resulted in an increase in accidents and fatalities.
Features of the Global Bike Computer Market
- Market Size Estimates: Bike computer market size estimation in terms of value ($B).- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Bike computer market size by product type, sensor type, application, and region in terms of value ($B).
- Regional Analysis: Bike computer market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different product type, sensor type, application, and regions for the bike computer market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the bike computer market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the bike computer market size?Answer: The global bike computer market is expected to reach an estimated $0.9 billion by 2030.
Q2. What is the growth forecast for bike computer market?
Answer: The global bike computer market is expected to grow with a CAGR of 5.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the bike computer market?
Answer: The major drivers for this market are increasing health consciousness, growing popularity of cycling as a sport and hobby, rising demand for smart cycling products, as well as, increasing use and demand for smart cycling equipment.
Q4. What are the major segments for bike computer market?
Answer: The future of the global bike computer market looks promising with opportunities in the fitness & commuting and athletic & sport markets.
Q5. Who are the key bike computer market companies?
Answer: Some of the key bike computer companies are as follows:
- Giant Bicycles
- VETTA
- Pioneer Electronics
- Garmin
- Sigma Sport
- VDO Cyclecomputing
- Bryton
Answer: The report forecasts that wireless computer is expected to witness the highest growth over the forecast period because they provide multiple advantages i.e. easier installation and fewer moving parts.
Q7. In bike computer market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness the highest growth over the forecast period due to the popularity of riding as a sport has increased road traffic collisions between motor vehicles and cyclists, which have resulted in an increase in accidents and fatalities.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisherl provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the bike computer market by product type (wired computer and wireless computer), sensor type (rear wheel sensor, speed/cadence sensor, gradient sensor, and heart rate sensor), application (fitness & commuting and athletics & sports), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Bike Computer Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Giant Bicycles
- VETTA
- Pioneer Electronics
- Garmin
- Sigma Sport
- VDO Cyclecomputing
- Bryton
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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