The GPS bike computers market has the potential to grow by USD 219.44 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.98%.
This GPS bike computers market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (non-mapping and mapping), application (fitness and commuting and athletics and sports), and geography (North America, Europe, APAC, MEA, and South America). The GPS bike computers market report also offers information on several market vendors, including Acer Inc., Bryton Inc., Garmin Ltd., Giant Manufacturing Co. Ltd., Lezyne USA Inc., MiTAC Holdings Corp., Pioneer Corp., Polar Electro Oy, and Wahoo Fitness LLC among others.
What will the GPS Bike Computers Market Size be in 2021?
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GPS Bike Computers Market: Key Drivers and Trends
Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing adoption of smart cycling products is notably driving the GPS bike computers market growth, although factors such as the growing adoption of GPS-enabled smartwatches for cycling may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the GPS bike computers industry.
This GPS bike computers market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.
Who are the Major GPS Bike Computers Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Acer Inc.
- Bryton Inc.
- Garmin Ltd.
- Giant Manufacturing Co. Ltd.
- Lezyne USA Inc.
- MiTAC Holdings Corp.
- Pioneer Corp.
- Polar Electro Oy
- Wahoo Fitness LLC
The GPS bike computers market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the GPS bike computers market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for GPS Bike Computers Market?
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32% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for GPS bike computers in North America. However, the market growth rate in North America will be slower than the growth of the market in other regions.
The high disposable incomes and populations that have a strong inclination for outdoor sports activities will facilitate the GPS bike computers market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
What are the Revenue-generating Product Segments in the GPS Bike Computers Market?
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The GPS bike computers market share growth by the non-mapping segment will be significant during the forecast period. The increased adoption of non-mapping GPS bike computers is attributable to multiple benefits associated with them. Standard computer functions It assists and informs bicycle riders about their current speed, average speed, and maximum speed, along with the routes and distance covered. Vendors have further enhanced the basic computing features to add advanced features such as virtual training partners to extract performance metrics such as average speeds and current performance levels as compared to the last performance or training plan. These features and add-on product enhancements, along with rising fitness and cycling activity, growing preference for a bicycle for commuting, and the growing bicycle industry, would further propel the demand for non-mapping GPS bike computers across the globe.
Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the GPS bike computers market size.
What are the Key Factors Covered in this GPS Bike Computers Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive GPS bike computers market growth during the next five years
- Precise estimation of the GPS bike computers market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the GPS bike computers industry across North America, Europe, APAC, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of GPS bike computers market vendors
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GPS Bike Computers Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.98% |
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Market growth 2021-2025 |
$ 219.44 million |
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Market structure |
Fragmented |
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YoY growth (%) |
2.83 |
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Regional analysis |
North America, Europe, APAC, MEA, and South America |
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Performing market contribution |
North America at 32% |
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Key consumer countries |
US, Germany, UK, Canada, and France |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Acer Inc., Bryton Inc., Garmin Ltd., Giant Manufacturing Co. Ltd., Lezyne USA Inc., MiTAC Holdings Corp., Pioneer Corp., Polar Electro Oy, and Wahoo Fitness LLC |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |