Market Overview:
The global GPS bike computers market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fitness and commuting applications, rising awareness about safety and security, and growing popularity of athletics and sports. In terms of type, the mapping segment is expected to lead the global GPS bike computers market during the forecast period owing to its ability to provide real-time navigation information.
Product Definition:
GPS bike computers are devices that use global positioning system (GPS) technology to track a cyclist's location and provide information about their ride. GPS bike computers can be used to record speed, distance, elevation, and other data about a ride. They can also be used to create maps of rides and track progress over time. GPS bike computers are important tools for cyclists who want to improve their performance or log their rides.
Mapping:
Mapping is the process of converting analog signals into digital form and further transforming it to electronic maps. The global positioning system (GPS) uses satellites to receive signals from GPS satellites and then converts those analog signals into digital form, which is further transformed into map data by a computer program.
The major components involved in mapping are GPS receiver, software application or plug-in, mapping service provider's server/application as a host.
Non-Mapping:
Non-mapping is the term used for information that is not related to mapping. It includes data such as speed, position, and other parameters that are collected by GPS devices but are not displayed on the screen of a bike computer.
It's important to understand that non-mapping data can be useful only when it's used in conjunction with mapping data.
Application Insights:
The fitness and commuting segment dominated the global GPS bike computers market in 2017. This can be attributed to the increasing number of urban cyclists, especially in developed countries like U.S., Canada, U.K., Germany and France. These countries are considered to be highly bicycle-friendly due to extensive cycling infrastructure such as lanes and paths, which have been built with bicycle transportation in mind.
Regional Analysis:
North America dominated the global market in 2017. The U.S., in particular, is a lucrative market for Garmin Ltd. As of 2016, over 80% of all navigation devices sold in the U.S were Garmin devices and this trend is expected to continue over the forecast period.
Asia Pacific regional market is anticipated to witness substantial growth during the forecast years owing to increasing popularity of cycling as a sport.
Growth Factors:
- Increasing demand for fitness and health awareness among people
- Rising disposable income of people, especially in the developed countries
- Technological advancements in GPS bike computers that offer enhanced features
- Growing popularity of cycling as a mode of transportation and leisure activity
- Government initiatives to promote cycling as a means of reducing traffic congestion and pollution
Scope Of The Report
Report Attributes
Report Details
Report Title
GPS Bike Computers Market Research Report
By Type
Mapping, Non-Mapping
By Application
Fitness and Commuting, Athletics and Sports
By Companies
Bryton, CATEYE, Garmin, Lezyne, Polar Electro
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global GPS Bike Computers Market Report Segments:
The global GPS Bike Computers market is segmented on the basis of:
Types
Mapping, Non-Mapping
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Fitness and Commuting, Athletics and Sports
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bryton
- CATEYE
- Garmin
- Lezyne
- Polar Electro
Highlights of The GPS Bike Computers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mapping
- Non-Mapping
- By Application:
- Fitness and Commuting
- Athletics and Sports
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the GPS Bike Computers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
GPS bike computers are devices that help cyclists keep track of their location and speed while riding. They typically include a GPS receiver, map, and compass to provide accurate navigation information. Some also include a timer, alarm clock, and data storage for tracking rides over time.
Some of the key players operating in the gps bike computers market are Bryton, CATEYE, Garmin, Lezyne, Polar Electro.
The gps bike computers market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 GPS Bike Computers Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 GPS Bike Computers Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 GPS Bike Computers Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the GPS Bike Computers Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global GPS Bike Computers Market Size & Forecast, 2018-2028 4.5.1 GPS Bike Computers Market Size and Y-o-Y Growth 4.5.2 GPS Bike Computers Market Absolute $ Opportunity
Chapter 5 Global GPS Bike Computers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 GPS Bike Computers Market Size Forecast by Type
5.2.1 Mapping
5.2.2 Non-Mapping
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global GPS Bike Computers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 GPS Bike Computers Market Size Forecast by Applications
6.2.1 Fitness and Commuting
6.2.2 Athletics and Sports
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global GPS Bike Computers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 GPS Bike Computers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America GPS Bike Computers Analysis and Forecast
9.1 Introduction
9.2 North America GPS Bike Computers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America GPS Bike Computers Market Size Forecast by Type
9.6.1 Mapping
9.6.2 Non-Mapping
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America GPS Bike Computers Market Size Forecast by Applications
9.10.1 Fitness and Commuting
9.10.2 Athletics and Sports
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe GPS Bike Computers Analysis and Forecast
10.1 Introduction
10.2 Europe GPS Bike Computers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe GPS Bike Computers Market Size Forecast by Type
10.6.1 Mapping
10.6.2 Non-Mapping
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe GPS Bike Computers Market Size Forecast by Applications
10.10.1 Fitness and Commuting
10.10.2 Athletics and Sports
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific GPS Bike Computers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific GPS Bike Computers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific GPS Bike Computers Market Size Forecast by Type
11.6.1 Mapping
11.6.2 Non-Mapping
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific GPS Bike Computers Market Size Forecast by Applications
11.10.1 Fitness and Commuting
11.10.2 Athletics and Sports
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America GPS Bike Computers Analysis and Forecast
12.1 Introduction
12.2 Latin America GPS Bike Computers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America GPS Bike Computers Market Size Forecast by Type
12.6.1 Mapping
12.6.2 Non-Mapping
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America GPS Bike Computers Market Size Forecast by Applications
12.10.1 Fitness and Commuting
12.10.2 Athletics and Sports
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) GPS Bike Computers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) GPS Bike Computers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) GPS Bike Computers Market Size Forecast by Type
13.6.1 Mapping
13.6.2 Non-Mapping
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) GPS Bike Computers Market Size Forecast by Applications
13.10.1 Fitness and Commuting
13.10.2 Athletics and Sports
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 GPS Bike Computers Market: Competitive Dashboard
14.2 Global GPS Bike Computers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bryton
14.3.2 CATEYE
14.3.3 Garmin
14.3.4 Lezyne
14.3.5 Polar Electro