Global Cyclocomputer Market Overview:
A Cyclocomputer is a device that is installed on a bicycle and displays and calculates trip data. It's comparable to the speedometer/odometer seen on a car's dashboard. The gadget is positioned on the handlebar so that the rider can see it readily. The simplest models display common information such as speed, distance traveled, and time, but the sophisticated models may track complicated data such as calories burnt, energy level, water percentage, heart rate, and navigation. Cycle riders have typically utilized cyclocomputer devices to track their speed, maps, and other information that does not come with the bike.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Technological Advancement of GPS Navigation with Maps for a Better Commute
Market Growth Drivers:
Growing Enthusiasm of Health-Consciousness Among Individuals and Enhancement of Various Details Such as Energy Level, Water Percentage, Calory Burn, Heartrate, and Other
Challenges:
Sometimes Lag Found in the Display, especially for the Cadence Function Can Limit the Growth of Cyclocomputer Market
Restraints:
Substitute Product Available in Market can Constrain the Cyclocomputer Market
Opportunities:
Growing Number of Cycle Users Will Boost the Cyclocomputer Market and Availability of Long-Lasting Battery Backup Around 15 Hours will Enhance the Growth of Cyclocomputer Market
Competitive Landscape:
The market is fiercely comparative due to the purchase of smaller businesses by larger corporations, the market has become more concentrated. Leading firms are also concentrating on mergers and acquisitions, as well as forming partnerships and collaborations, in order to grow their operations in new areas. To demonstrate their industry competence, these market players have used a variety of methods such as partnership, expansion, cooperation, joint ventures, and others.
Some of the key players profiled in the report are Garmin (Switzerland), CatEye (Japan), Pioneer Electronics (Japan), Sigma Sport (Germany), Polar (Finland), Bryton Inc (United States), Giant Bicycles (Taiwan), Hammerhead Navigation (United States), Raleigh (United Kingdom), Trek Bicycle (United States), Wahoo Fitness (United States), Topeak Inc (Taiwan), VDO Cyclecomputers (Germany) and O-synce (Germany). Additionally, following companies can also be profiled that are part of our coverage like BBB Cycling (Netherlands), Bion (United States) and KNOG (Australia). Analyst at AMA Research see United States Players to retain maximum share of Global Cyclocomputer market by 2028. Considering Market by Sensor Type, the sub-segment i.e. Rear Wheel Sensor will boost the Cyclocomputer market. Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Cyclocomputer market.
Latest Market Insights:
On 06 April 2021, ZyroFisher announce a partnership with Bryton Sport aim to distribute GPS Cycle Computers in the UK & Ireland. The partnership will help Bryton with the aid of ZyroFisher to bring a comprehensive line of GPS riding computers to the market. Along with its newest entry-level model, the Rider 15 Neo, Bryton will also release the Rider 320 and 420 for mid-range smartphones, as well as the Rider 750 for high-end devices. The Rider 750 has a vibrant color touchscreen interface, online navigation on OSM maps with sophisticated voice search, smart trainer support, rear-view radar and electronic gear changing system compatibility, and ANT+ LEV e-bike support, among other features.
On 25 May 2021, Wahoo Fitness announces the release of a new Element Bolt bike computer that includes new features such as a color display and better navigation. The updated Bolt has a new 64-color, high-contrast 2.2-inch screen with an ambient light sensor that automatically changes the brightness. Smart Navigation, automated rerouting, destination switching, and the option to return to the start or retrace a journey are among the new mapping capabilities.
What Can be Explored with the Cyclocomputer Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Cyclocomputer Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cyclocomputer
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cyclocomputer market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cyclocomputer market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Cyclocomputer Manufactures, Cyclocomputer Distributors and Suppliers, International Traders, Research and Development Institutes, Upstream and Downstream Buyer, Financial Institutes and Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.