Global GPS bike computers market 2020-2024
Technavio has been monitoring the GPS bike computers market and it is poised to grow by $ 174.53 mn during 2020-2024 progressing at a CAGR of 5% during the forecast period. Our reports on GPS bike computers market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing adoption of smart cycling products, increasing adoption of bicycles to maintain fitness, and government and corporate initiatives to promote bicycles. In addition, growing adoption of smart cycling products is anticipated to boost the growth of the market as well.
The GPS bike computers market analysis includes product segment, application segment and geographical landscapes
Technavio's GPS bike computers market is segmented as below:
- Fitness and commuting
- Athletics and sports
By Geographical Landscapes
- North America
- South America
This study identifies the introduction of GPS bike computers with analog display and digital data collection as one of the prime reasons driving the GPS bike computers market growth during the next few years. Also, provision of virtual training partner and growing participation of women in cycling will lead to sizable demand in the market.
"Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our GPS bike computers market covers the following areas:
- GPS bike computers market sizing
- GPS bike computers market forecast
- GPS bike computers market industry analysis"
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading GPS bike computers market vendors that include Acer Inc., Bryton Inc., CATEYE Co. Ltd. , Garmin Ltd., Giant Manufacturing Co. Ltd., Lezyne, MiTAC Holdings Corp., Pioneer Corp., Polar Electro Oy, and Wahoo Fitness LLC. Also, the GPS bike computers market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.