Cyclocomputer Market
The cyclocomputer market is estimated to be valued at USD 585.9 million in 2024 and is expected to reach USD 998.9 million by 2031, growing at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.
Report Description
The cyclocomputer market has been witnessing steady growth over the past few years. A cyclocomputer, also known as a bike computer, is an electronic device that is mounted on a bicycle and provides important ride metrics like speed, distance travelled, trip duration, and in some cases GPS navigation support. They help cyclists keep track of their fitness progress, pace themselves during rides, and analyze performance data. Rising health awareness and increasing popularity of cycling as a recreational and sporting activity have been the major factors driving the demand for cyclocomputers. Additionally, technological advancements have enabled manufactures to integrate several advanced features like wireless connectivity, route mapping, and heart rate monitoring in affordable entry-level models, further augmenting market expansion. However, volatile component costs and threat from alternatives apps remain key challenges for the industry.
Market Dynamics:
The global cyclocomputer market has been influenced by several drivers, restraints, and opportunities in recent years. The growing cycling culture and popularity of outdoor fitness activities have significantly boosted demand. Sedentary lifestyle and health issues have encouraged many to take up cycling regularly, driving cyclocomputer sales. Meanwhile, technological innovations are allowing devices to offer more features while decreasing prices of entry-level models, facilitating mass adoption. However, high component costs, especially for advanced models, remain a key restraint. Further, the availability of alternative fitness tracking apps on smartphones poses a major threat. Nonetheless, the growing demand for electric bikes and increased manufacturer focus on product design and connectivity features are expected to create significant growth opportunities for market players in the coming years.
Key Features of the Study:
- This report provides an in-depth analysis of the global cyclocomputer market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global cyclocomputer market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Acer Inc., Bryton Inc., CATEYE Co.,Ltd., Cycle Parts GmbH, Garmin Ltd., Giant Bicycles, Giant Manufacturing Co. Ltd, Lezyne Inc., MiTAC Holdings Corp., MSW Bicycle Accessories, Pioneer Electronics (USA) Inc., Polar Electro Oy, SIGMA-ELEKTRO GmbH, Stages Cycling, LLC, Trek Bicycle Corporation, and Wahoo Fitness
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global cyclocomputer market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cyclocomputer market
Market Segmentation
Table of Contents:
*Browse 24 market data tables and 28 figures on "Global Cyclocomputer Market” - Global forecast to 2031
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