What is Bicycle Security System Market Scope?
Bicycle security system is required by a bicycle owner all the time. The bicycle security system market deals with the providing the safe and trustworthy products having no errors. Presently, the bicycle security system market includes a wide selection of the innovative bicycle lock systems together with sensible phone paired smart locks, anti-theft alarms, and open-source bike trackers. Smart cities with shared bicycle arenas are currently employing most robust technologies to secure the bicycles and avoid any kind of tampering and theft.
The Bicycle Security System market study is being classified by Type (Pedal Lock System, GPS Tracker, Bike Alarm and Others), by Application (Road/standard bicycle, MTB/racing bicycle, Kids bicycle, E-bikes and Others) and major geographies with country level break-up.
The global market for bicycle security systems is fragmented by different global key players specialising in innovative locks with the help of cutting-edge technologies like material strength, IoT and Frame building. The player should focus on an effective and robust bicycle security structure in order to serve the growing bicycle riding population worldwide coupled with R&D to sustain the highly competitive market, Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Bicycle Security System market throughout the predicted period.
Seatylock (United States), TiGr mini (United States), Hiplok (United Kingdom), Linka Locks (United States), Skylock (Israel), SmartHalo Technologies Inc. (Canada), SkunkLock, Inc. (United States), Kryptonite Corporation (United States), Hiplok Chain Lock (United Kingdom) and Tex-lock GmbH (Germany) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Mesh Motion Inc. (United States), I Lock It Bike (Germany), Nokē, Inc. (United States), Pitlock (Germany) and Abus - August Bremicker Söhne Kg (Germany).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Bicycle Security System market by Type, Application and Region.
On the basis of geography, the market of Bicycle Security System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020.
In 2020, Hiplok launched high-security DXF D-lock. The DXF D-lock features a 14mm premium hardened steel shackle and double locking mechanism with anti-rotation tabs attached to the Bicycle with Hillock’s patented ‘Clip+Ride’ system.
Influencing Market Trend
- Integration of GPS with Security Tracking System for Bicycles
- Integration of Internet of Things with Cycling Systems
Market Drivers
- Rise in Sales of Bicycle due to Rising Awareness of Exercise and Fitness
- Growth in Demand for Smart Security Systems for Avoiding Theft and Tracking
Opportunities
- Rise in Smart Navigation and Social Bicycle Sharing Platforms
Restraints
- Lack of Public Awareness towards Smart Bicycle Security Systems
Challenges
- Rising Automobile Industry with Bikes n Cars is Hampering the Growth
Key Target Audience
Bicycle Security System Provider, Component Manufacturer, Research Institutes, End User Industry and Others
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