Global Cycle Computers Market Overview:
The working of cycle computer is simple. For each time a magnet on the wheel passes a sensor on the fork a signal is produced. The computer measures the time between those signals and works out how fast you're going, centered on the wheel dimension you gave it on primary set up. From that measurement, the computer can also work out an entire range of information containing distance, average speed, ride time and maximum speed. Reliant on the designer's choices it may also have features like auto on or off, pausing the stopwatch when you're stationary and different types of timing and average speed.
Attributes | Details |
---|
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:
High Adoption of Smart Cycle Computers and Growing Marketing and Promotional Strategies
Market Growth Drivers:
Rise in Demand Owing to the Growing Culture of Racing and Short Camps and Increasing Investments by Manufacturers on Cycle Computers
Challenges:
Lack of Awareness in Developing Region
Restraints:
Increasing Prices Associated with Cycle Computers
Opportunities:
Technological Advancements in Manufacturing Processes and Cumulative Bicycle Efficiency
Competitive Landscape:
Leading key players of cycle computers are focusing on strategic partnerships and new product launches to improve their products and services along with focusing on increasing their client base to strengthen market position.
Some of the key players profiled in the report are Garmin Ltd. (United States), CATEYE Co., Ltd. (Japan), Pioneer Electronics (Japan), Sigma Sport (Germany), Bryton Inc (Taiwan), Bion Inc. (Taiwan), Polar (Finland), BBB Cycling (Netherlands), KNOG (Australia) and Topeak Inc. (Taiwan). Additionally, following companies can also be profiled that are part of our coverage like Giant Bicycles (Taiwan), O-Synce (Germany) and Trek Bicycle Corporation (United States). Analyst at AMA Research see Taiwanese Players to retain maximum share of Global Cycle Computers market by 2028. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Cycle Computers market.
Latest Market Insights:
On October 4, 2023, Garmin and Wahoo Fitness, two of the leading cycling computer companies, announced a partnership to develop new cycling products and technologies. The partnership will see the two companies collaborate on a range of projects, including the development of new cycling computer hardware and software, as well as the integration of Garmin and Wahoo products with each other's ecosystems.
On October 4, 2023, Garmin issued a recall for certain models of its Edge cycling computers due to a risk of the batteries overheating. The recall affects the Garmin Edge 520, Edge 530, Edge 820, and Edge 830 cycling computers that were manufactured between 2017 and 2021. Garmin has advised customers to stop using the affected cycling computers and contact Garmin for a replacement battery.
What Can be Explored with the Cycle Computers Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Cycle Computers Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cycle Computers
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 Cycle Computers 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 Cycle Computers 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 Manufacturers of Cycle Computers, Suppliers of Raw Materials, Wholesalers, Distributors, and Retailers of Cycle Computers, Governmental Bodies and Research Firms.
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.