Global Cycling Computer Market Overview:
Cycling computers are used to record and measure cycling activities like altitude, distance, speed, heart rates, etc. It is simply attached to the handlebar for easy viewing of data and navigation. Cyclists are looking for advanced solutions for better training quality, precision, and finding the best routes. Increasing demand for the navigation system in cycling computers boosted the adoption of bike computers that offers smartphone-style features with simple speed, distance data, and advanced features like heart rate, temperature, calorie burn, cadence, and many measurable.
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:
Emerging Trend of Wireless Cycling Computers Across the Globe
Market Growth Drivers:
Need for Cycling Computers for Tracking Speed, Mileage, Routing, and Other Measurable and Increasing Number of Casual Cyclists and Development of Bicycle Lanes
Challenges:
High Competition among Established Players and Lack of availability of Skilled Labors
Restraints:
High Cost of Advanced Cycling Computers and Slow Adoption for MTB
Opportunities:
Increasing Demand for Cycling Computers by Road Cyclists
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Garmin Ltd. (United States), Lezyne (United States), CatEye (Japan), Bryton Inc. (Taiwan), Xoss (Hong Kong), Wahoo Fitness (United States), Hammerhead (United States), Omata (United States), Polar Electro (Finland), Topeak (United States), Pioneer Corporation (Japan) and Sigma Sport (Germany). Analyst at AMA Research see United States Players to retain maximum share of Global Cycling Computer market by 2028. Considering Market by Cycling Type, the sub-segment i.e. Road will boost the Cycling Computer market. Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Cycling Computer market. Considering Market by End-user, the sub-segment i.e. Casual Cyclist will boost the Cycling Computer market. Considering Market by Connectivity Technology, the sub-segment i.e. Bluetooth will boost the Cycling Computer market.
Latest Market Insights:
In October 2023, Garmin and Wahoo, two of the leading cycling computer companies, announced a partnership to develop and market new cycling products together. The partnership will combine Garmin's expertise in GPS and navigation with Wahoo's expertise in sensors and software.
In October 2023, Wahoo released the ELEMNT ROAM 2, a new GPS cycling computer with a larger display, longer battery life, and improved navigation features. The ELEMNT ROAM 2 is designed for cyclists who want a powerful and versatile cycling computer for both on- and off-road riding.
What Can be Explored with the Cycling Computer Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Cycling Computer Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cycling Computer
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 Cycling Computer 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 Cycling Computer 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 New Entrants/Investors, Analysts and Strategic Business Planners, Cycling Computer Manufacturers, Suppliers and Distributors of Cycling Computers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations 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.