Smart Bicycle Accessories Market 2022 – Thorough Analysis and Opportunity Assessment
The market for smart bicycle accessories was estimated to be worth 950 million US dollars at the end of 2018. By the conclusion of the forecast period, or in 2029, the market for smart bicycle accessories is projected to reach US$ 2.32 billion with a CAGR of 9%.
Persistence Market Research (PMR), in its new publication, outlines the growth trails of “Smart Bicycle Accessories Market” for the period between 2019 and 2029. The recent study covers a complete analysis of the historical and current trends of smart bicycle accessories market to determine their impact on its future development. The new business intelligence report brings to fore multiple nodes and internodes of the smart bicycle accessories market that can equip the vendors with necessary facts and figures.
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Bicycles have come a long way since their humble beginnings as a means of transportation in the 1800s. They are now considered a more environmentally-friendly and healthy alternative to cars, and with the advent of Smart Bicycle Accessories, they are becoming even more versatile. These accessories include items such as smart locks, GPS tracking devices, and fitness trackers. The Smart Bicycle Accessories Market is expected to grow rapidly in the coming years as people become increasingly interested in using bicycles for everyday transportation.
The study provides a range of drivers, restraints, latest trend, and challenges in the smart bicycle accessories market to identify growth opportunities for the stakeholders. It also includes forecast statistics of the smart bicycle accessories market in terms of value (US$ million) and volume (units). The report further includes technological innovation and developmental trends relative to smart bicycle accessories market.
In the report, readers can avail a complete taxonomy of the smart bicycle accessories market along with an in-depth analysis of the competitive landscape. The report profiles a list of leading and small companies in the smart bicycle accessories market, wherein, product innovations, new launches, and development strategies of these players have been detailed.
Some of the market participants reported in this study in the global smart bicycle accessories market includes Garmin Ltd., Pioneer Corporation, Assize Technology Co., Ltd., Polar Electro, Robert Bosch GmbH, Sena Technologies, Inc., Linka, LIVALL, Vanhawks Inc., Wuhan Qiwu Technology Co., Ltd., VDO Cycle Computing, and Sigma Sport, among others.
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PMR’s analysts adopted a holistic approach and two-step research methodology to acquire information for the development of smart bicycle accessories market report. With the help information gathered through secondary resources and verified by primary resources, analysts could estimate the market size and offer all-inclusive insights on how the smart bicycle accessories market will grow and expand in the next decade.
Analysts interviewed CEOs, presidents, vice-presidents, chief regional officers, key opinion leaders, and marketing managers along with key investors and distributors in the supply chain of smart bicycle accessories market. The exclusive data obtained through these interviews have contributed to the development of the smart bicycle accessories market.
Smart Bicycle Accessories Market: Segmental Analysis
By product type, the global smart bicycle accessories market is segmented into smart helmet, smart lock, smart light, smart glove, smart onboard computer, smart sensor, and smart power meter. The smart bicycle accessories market is expected to be prominent in the smart onboard computer owing to the advanced features such as map, theft alert notification, heart rate monitoring, and several other features. The smart glove segment is projected to have less share as compared to the other segments of the product type. Moreover, manufacturers of smart bicycle accessories are focusing more on safety features as compared to conventional bicycle systems. The aforementioned factor is expected to increase the sales of smart bicycle accessories during the forecast period.
By sales channel, the global smart bicycle accessories market is segmented into offline and online. The offline segment is projected to be prominent throughout the forecast period.
By region, the smart bicycle accessories market report studies markets across several regions such as North America, Latin America, Europe, South Asia, East Asia, Middle East & Africa, and Oceania. North America and Europe are expected to grow with a predominant share in the global smart bicycle accessories market over the forecast period. However, East Asia is representing healthy growth in the smart bicycle accessories market.
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Smart Bicycle Accessories Market Manufacturers
Smart Bicycle Accessories Market Distributors/Traders/Wholesalers
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