AMA recognizes the following companies as the key players who are driving Smart Bike Lock market, some of them are Skylock (Israel), Bitlock (United States), Lattis (United States), LINKA (United States), Ulock (United States), Looplock (United States) and Mobilock (Netherlands).

An analyst from AdvanceMarketAnalytics team said: “One of the key factors which is trending the market is “Implementation of various innovative technologies, such as Z-wave/ZigBee, Near Field Communication (NFC), and Bluetooth Low Energy (BLE), to access locking functions and Adoption of sophisticated keyless access devices”. Considering the revolutionary changes occurring in this market, there is a growing demand from the use of Smart Bike Lock such as Aluminum Alloy, Carbon Alloy and Other.

According to the report, some of the important driving forces behind the market growth are “Increasing penetration of smartphones ”. The primary concern of any business is the reduction of the overall operating cost. The increased need for operating efficiency and meeting regulatory demands at the same time have become major challenges for the original Manufacturers, additional restraints impacting market are “Lack of end-user awareness ” which is continuously seeking attention of Industry Experts and Decision makers.

The study was conducted using primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market study and vendor landscape in addition to a SWOT analysis of the key Manufacturers.

Available Customization: List of players that can be included in the study on immediate basis are ELECYLCE (United States) and Lock8 (Germany).