Market Overview:
The global GPS-equipped cycle computers market is expected to register a CAGR of 7.5% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for technologically advanced bicycles and rising awareness about health and fitness among consumers. Based on type, the global GPS-equipped cycle computers market is segmented into wired computer, wireless computer, and wireless & GPS computer. The wired computer segment is expected to account for a major share of the global market in 2018. However, the wireless & GPS computer segment is projected to grow at a higher CAGR during the forecast period owing to its growing popularity among cyclists across all age groups. On basis of application, the global GPS-equipped cycle computers market is divided into mountain bike, road bike, and other applications such as triathlon bikes or time trial bikes etc.). The mountain bike segment accounted for a majority share of the overall application segment in 2017; however; it is anticipated that road biking will witness highest growth rate over next few years due increased adoption by professional cyclists as well as amateur riders alike .
Product Definition:
GPS-equipped cycle computers are devices used by cyclists to track their location and performance data while cycling. They work by connecting to GPS satellites orbiting the Earth, which then provide real-time positioning and tracking information. This information can be used to track distance travelled, speed, elevation gain/loss, and other cycling metrics. Some GPS cycle computers also offer navigation features, which can help cyclists find their way around new areas.
Wired Computer:
Wired computer is a device that is used in combination with cycle computers to record and display essential bike data such as speed, distance, time and calories burnt. The most important factor driving the global wired computer market growth is increasing demand for GPS-enabled cycle computers from professional cyclists as well as enthusiasts. Cycle computers are also known as power meters or cadence meters which are used to measure various performance parameters of an individual while cycling.
Wireless Computer:
Wireless computer is a device that enables the rider to connect with other devices such as heart rate monitor or speed and cadence sensors. It also allows the connection of multiple cycling apps which further helps in tracking fitness goals. The wireless computers are compatible with all types of cycles including road, mountain, indoor and outdoor cycles.
The wireless computer can be used by any person irrespective of their age group as it does not require any special skills or training to operate it effectively.
Application Insights:
The mountain bike segment dominated the global GPS-equipped cycle computers market in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing demand for off-road cycling activities across various regions, including Europe and North America. In addition, manufacturers are focusing on developing products with enhanced features that will help consumers achieve their fitness goals easily. For instance, Cycleops ¢â‚¬â„¢s Intellihot+ provides real-time tracking of calories burned along with distance covered and calories burnt per minute while cycling for better workout planning.
Road bike application is also estimated to register a notable CAGR during the forecast period as these devices aid cyclists in keeping track of speed as well as distance covered while riding on roads or paths. Moreover, these devices can be used by road cyclists for training or racing purposes by setting targets based on time or calorie burn goal which helps them stay focused during ride sessions.
Regional Analysis:
North America dominated the global market in 2017. The growing popularity of cycling as a leisure activity and increasing investment by companies to develop advanced products are some of the major factors contributing to its growth. Moreover, presence of key players such as Garmin Ltd., Cycle Computing Inc., and others is also expected to drive the regional demand for GPS-enabled cycle computers over the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to rising number of cyclists on roads, especially in countries such as China and Japan. Furthermore, government initiatives encouraging people towards sustainable transport are expected to fuel further product demand in this region over next eight years.
Growth Factors:
- Increasing demand for GPS-equipped cycle computers from the cycling enthusiasts and professional cyclists for tracking their performance and improving their cycling skills.
- Growing popularity of cycling as a mode of transportation or leisure activity, which is driving the demand for GPS-equipped cycle computers.
- Technological advancements in GPS-enabled cycle computers that are making them more user friendly and providing better navigation facilities, thereby boosting their adoption rate among cyclists.
- Rising awareness about the health benefits of cycling, which is prompting people to invest in GPS-equipped bike computers to track their progress over time.
Scope Of The Report
Report Attributes
Report Details
Report Title
GPS-equipped Cycle Computers Market Research Report
By Type
Wired Computer, Wireless Computer, Wireless & GPS Computer
By Application
Mountain Bike, Road Bike, Other
By Companies
Garmin, CatEye, Pioneer Electronics, Sigma Sport, Polar, Bryton Inc, Giant Bicycles, Raleigh (Accell Group), Trek Bicycle, Wahoo Fitness, Garmin, VDO Cyclecomputers, o-synce, BBB Cycling, Bion, KNOG
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
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global GPS-equipped Cycle Computers Market Report Segments:
The global GPS-equipped Cycle Computers market is segmented on the basis of:
Types
Wired Computer, Wireless Computer, Wireless & GPS Computer
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
Mountain Bike, Road Bike, Other
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:
- Garmin
- CatEye
- Pioneer Electronics
- Sigma Sport
- Polar
- Bryton Inc
- Giant Bicycles
- Raleigh (Accell Group)
- Trek Bicycle
- Wahoo Fitness
- Garmin
- VDO Cyclecomputers
- o-synce
- BBB Cycling
- Bion
- KNOG
Highlights of The GPS-equipped Cycle 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:
- Wired Computer
- Wireless Computer
- Wireless & GPS Computer
- By Application:
- Mountain Bike
- Road Bike
- Other
- 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-equipped Cycle 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.
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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-equipped cycle computers are devices that track a cyclist's location and speed, as well as other data such as heart rate and cadence. They can be used to improve cycling performance by providing feedback on how the cyclist is performing relative to their goals.
Some of the major companies in the gps-equipped cycle computers market are Garmin, CatEye, Pioneer Electronics, Sigma Sport, Polar, Bryton Inc, Giant Bicycles, Raleigh (Accell Group), Trek Bicycle, Wahoo Fitness, Garmin, VDO Cyclecomputers, o-synce, BBB Cycling, Bion, KNOG.
The gps-equipped cycle 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-equipped Cycle 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-equipped Cycle Computers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 GPS-equipped Cycle 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-equipped Cycle 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-equipped Cycle Computers Market Size & Forecast, 2018-2028
4.5.1 GPS-equipped Cycle Computers Market Size and Y-o-Y Growth
4.5.2 GPS-equipped Cycle Computers Market Absolute $ Opportunity
Chapter 5 Global GPS-equipped Cycle 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-equipped Cycle Computers Market Size Forecast by Type
5.2.1 Wired Computer
5.2.2 Wireless Computer
5.2.3 Wireless & GPS Computer
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global GPS-equipped Cycle 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-equipped Cycle Computers Market Size Forecast by Applications
6.2.1 Mountain Bike
6.2.2 Road Bike
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global GPS-equipped Cycle 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-equipped Cycle 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-equipped Cycle Computers Analysis and Forecast
9.1 Introduction
9.2 North America GPS-equipped Cycle 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-equipped Cycle Computers Market Size Forecast by Type
9.6.1 Wired Computer
9.6.2 Wireless Computer
9.6.3 Wireless & GPS Computer
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-equipped Cycle Computers Market Size Forecast by Applications
9.10.1 Mountain Bike
9.10.2 Road Bike
9.10.3 Other
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-equipped Cycle Computers Analysis and Forecast
10.1 Introduction
10.2 Europe GPS-equipped Cycle 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-equipped Cycle Computers Market Size Forecast by Type
10.6.1 Wired Computer
10.6.2 Wireless Computer
10.6.3 Wireless & GPS Computer
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-equipped Cycle Computers Market Size Forecast by Applications
10.10.1 Mountain Bike
10.10.2 Road Bike
10.10.3 Other
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-equipped Cycle Computers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific GPS-equipped Cycle 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-equipped Cycle Computers Market Size Forecast by Type
11.6.1 Wired Computer
11.6.2 Wireless Computer
11.6.3 Wireless & GPS Computer
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-equipped Cycle Computers Market Size Forecast by Applications
11.10.1 Mountain Bike
11.10.2 Road Bike
11.10.3 Other
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-equipped Cycle Computers Analysis and Forecast
12.1 Introduction
12.2 Latin America GPS-equipped Cycle 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-equipped Cycle Computers Market Size Forecast by Type
12.6.1 Wired Computer
12.6.2 Wireless Computer
12.6.3 Wireless & GPS Computer
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-equipped Cycle Computers Market Size Forecast by Applications
12.10.1 Mountain Bike
12.10.2 Road Bike
12.10.3 Other
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-equipped Cycle Computers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) GPS-equipped Cycle 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-equipped Cycle Computers Market Size Forecast by Type
13.6.1 Wired Computer
13.6.2 Wireless Computer
13.6.3 Wireless & GPS Computer
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-equipped Cycle Computers Market Size Forecast by Applications
13.10.1 Mountain Bike
13.10.2 Road Bike
13.10.3 Other
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-equipped Cycle Computers Market: Competitive Dashboard
14.2 Global GPS-equipped Cycle Computers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Garmin
14.3.2 CatEye
14.3.3 Pioneer Electronics
14.3.4 Sigma Sport
14.3.5 Polar
14.3.6 Bryton Inc
14.3.7 Giant Bicycles
14.3.8 Raleigh (Accell Group)
14.3.9 Trek Bicycle
14.3.10 Wahoo Fitness
14.3.11 Garmin
14.3.12 VDO Cyclecomputers
14.3.13 o-synce
14.3.14 BBB Cycling
14.3.15 Bion
14.3.16 KNOG
