openPR Logo
Press release

New Research on Global Biometric Bike Locks Market Highlights Growth Overview and Estimates Market Size by 2028 | Top Market Profiles- Narrative Content Group, Grasp Locks, Skylock, Bitlock, Lattis, LINKA, Ulock, Looplock, Mobilock and Deeper UAB

09-26-2018 12:28 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Fact.MR

Fact.MR

Security has always been a concern for human beings. Today’s bike owners focus on theft prevention technologies and methods to enhance vehicle security and thus, the demand for biometric bike locks is growing rapidly. Increasing security awareness about bikes is further driving the growth of the biometric bike locks market. Moreover, continuously growing demand for enhanced security and identification systems for triathlon/time trial bikes has led to increasing adoption of biometric bike locks. Furthermore, the advent of innovative locking mechanisms systems for bikes is projected to further drive the growth of the biometric bike locks market globally. In addition, increase in demand for sports bikes in developing nations is another key growth factor for the biometric bike locks market. 

Get Free Sample Report here- https://www.factmr.com/connectus/sample?flag=S&rep_id=1845

Biometric bike locks serves as highly secure identification and personal verification systems for bikes. The quantitative growth of cyclocross bikes & track bikes is fuelling the growth of biometric bike locks market. In addition, the exponential growth being witnessed in demand for security systems is anticipated to drive the growth of the biometric bike locks market as well. In parallel, rising face and fingerprint recognition technologies are key driving factors in the biometric bike locks market.

Biometric Bike Locks Market: Drivers and Challenges

The meteoric rise in demand for smartphones and tablets is one of the primary factors fuelling the growth of Biometric Bike Locks market. Also, rise in demand for biometric authentication systems for bikes is creating potential growth opportunities for biometric bike locks market. The primary application of a biometric bike locks is to provide accessibility to an authorized individual and prevent unwanted thefts. Growing population and expansion of digital infrastructure have been key factors and have helped create lucrative opportunities in the biometric bike locks market.

Apart from this, increasing biometric applications on smartphones is creating potential growth opportunities for biometric bike locks market. Furthermore, the growing trend of device-embedded biometric authentication systems is another major factor driving the growth of biometric bike locks market.

However, issues, such as lack of digital development in developing countries, might act as restraining factors for the biometric bike locks market. Moreover, the high integration cost of a biometric bike locks is one of the challenges for the growth of biometric bike locks market.

To know more about the Biometric Bike Locks Market Trends, visit this link- https://www.factmr.com/report/1845/biometric-bike-locks-market

Biometric Bike Locks Market: Segmentation

The global Biometric Bike Locks market can be segmented as:

Segmentation of the biometric bike locks market on the basis of Bike Type: 

Mountain Bike
Hybrid/Comfort Bike
Road Bike
Others (Touring Bikes, Adventure Road Bikes etc.)
Segmentation of the Biometric Bike Locks market on the basis of Lock Type:

Cable Biometric Bike Lock
U Biometric Bike Lock
Others
Due to flexibility and low price, the U biometric bike lock sub-segment is projected to hold largest market share in the biometric bike locks market. The cable biometric bike lock sub-segment is expected to grow at more than 8% CAGR during the forecast period in the global biometric bike lock market.

Biometric Bike Locks Market: Competition Landscape

Key Players

Some of the major players in the global biometric bike locks market are Narrative Content Group, Grasp Locks, Skylock, Bitlock, Lattis, LINKA, Ulock, Looplock, Mobilock and Deeper UAB

Biometric Bike Locks Market: Regional Overview

On the basis of geography, North America is expected to dominate the biometric bike locks market due to the presence of various biometric bike locks providers and high adoption of biometric bike locks. In North America, the demand for mountain bikes has risen gradually and people are becoming very health conscious and purchasing bikes for their daily use. These are some of the key supporting factors of biometric bike locks market in the region.  Asia Pacific and Europe are also expected to create potential growth opportunities for the biometric bike locks market owing to the increasing adoption of smartphones and tablets in the region. In addition to this, the unorganized market for biometric bike locks in China, Japan and India is creating a competitive environment for global biometric bike locks manufacturers. Moreover, the demand for biometric bike locks has risen dramatically in the past few years in the Middle East & Africa and Latin American regions due to rise in adoption of digital technologies and growth in the smartphone and tablet market.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Historical Actual Market Size, 2013-2017
Market Size & Forecast, 2018 to 2028
Value Chain of the Market
Market Current Trends/Issues/Challenges
Competition & Companies Involved
Market Drivers and Restraints
Regional analysis for the market includes the development of the Biometric Bike Locks market in the following regions:

North America
Canada
Latin America
Brazil
Mexico
Argentina
Chile
Peru
Rest of Latin America

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.

Ask our Industry Expert on this Report- https://www.factmr.com/connectus/sample?flag=AE&rep_id=1845

About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release New Research on Global Biometric Bike Locks Market Highlights Growth Overview and Estimates Market Size by 2028 | Top Market Profiles- Narrative Content Group, Grasp Locks, Skylock, Bitlock, Lattis, LINKA, Ulock, Looplock, Mobilock and Deeper UAB here

News-ID: 1263807 • Views: 96

More Releases from Fact.MR

11-09-2020 | Health & Medicine
Fact.MR
PCR and Real-time PCR Molecular Diagnostics Market to Surpass US$ 6 Bn by 2030, …
As per data from the World Health Organization, millions of deaths can be attributed to diseases such as cancer and HIV each year. Further, the recent outbreak of the COVID-19 virus has also created massive demand for effective diagnostics processes. The PCR and real-time PCR molecular diagnostics market has been gaining traction in recent years on the back of investments by PCR diagnostic test manufacturers towards the incorporation of molecular
10-05-2020 | Health & Medicine
Fact.MR
Biobanking Market to Soar to US$ 3.5 Bn by 2027, Notes Fact.MR
Biobanks are a type of repository which is used in the storage of biological samples, including human and animal tissues, which primarily find use in research applications. Consequently, the process of biobanking has become a very important part of medical research and has played a major role in modern science fields such as personalized medications, and genomics. The global biobanking market is expected to grow at a healthy CAGR of ~
Mini LED Market to Expand 7.5X by 2030, Finds New Study by Fact.MR
In recent years, increasing popularity of OLED TVs in China and India has been significantly influencing growth of the mini LED market. With an increase in disposable income of a majority of the population in these countries, the inclination towards smart screens with higher lifespan and better performance is expected to open up numerous growth opportunities for the mini LED market. Moreover, aspiring and affluent households have increased their spending
Uncertainty Surrounding COVID-19 to Shave-off Growth in Electrical Steel Market …
The global electrical steel market has utilized the opportunities in the market over the last decade with sales of electrical steel pegged at US$ 20.4 Bn in 2019. However, sales are set to plummet during in the middle two quarters of 2020 owing to COVID-19. In addition, several automakers have shuttered their production units, causing incalculable loss to the electrical steel market in 2020. However, the demand of electrical steel

All 5 Releases


More Releases for Bike

Europe Indoor Bike Racks Market
Europe Indoor Bike Racks Market market-research study about industry status, enterprise contest blueprint, advantages and pitfalls of enterprise services and products, industry growth trends (2019-2025), regional industrial design faculties and macroeconomic policies, and industrial policy has likewise be contained. In a note, this record will allow you to establish a panorama of industrial development and also traits of this Europe Indoor Bike Racks Market market. The acute findings and guidelines
Global E-mountain Bike (Electric Mountain Bike) Market 2018-2025
E-mountain Bike is a mountain bike with an integrated electric motor which can be used for off-road cycling. E-bikes are again setting trends in the industry as there is a great demand for lighter and smaller bikes with more performance. as In 2017, the global E-mountain Bike (Electric Mountain Bike) market size was xx million US$ and is forecast to xx million US in 2025, growing at a CAGR of
Carbon Fiber Bike Market will experience Noticeable Growth| Key Players: Giant B …
A new business intelligence report released by HTF MI with title “World Carbon Fiber Bike Market Research Report 2023(Covering North America, Europe, China, South East Asia, Japan and India)” that targets and provides comprehensive market analysis with future prospects to 2023. The analysts of the study have garnered extensive research methodologies and data sources (i.e Secondary & Primary Sources) in order to generate collective and useful information that delivers latest
Global Carbon Fiber Bike Market 2017 Industry:Merida Bike, Battle-FSD, Trek Bike …
Global Carbon Fiber Bike Market 2017 Industry Research Report by Service spreads across 116 pages profiling 20 companies and supported with tables and figures available at ReportsnReports.com Global Carbon Fiber Bike Market 2017 Research Report initially provides a basic overview of the industry that covers definition, applications and manufacturing technology, post which the report explores into the international players in the market. This is a professional and in-depth study on the
Global Carbon Fiber Bike Market 2017 : Marmot Bike, Cube Bike, Colnago, SOLOMO, …
QY Market Research published, Top Manufacturers Analysis Of Carbon Fiber Bike Research Report. A market study based on the "Carbon Fiber Bike Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Carbon Fiber Bike Market 2017’. The research report analyses the historical as well as present performance of the worldwide Carbon Fiber Bike industry, and makes predictions on the future status of Carbon Fiber
Global Carbon Fiber Bike Market-Cube Bike, DAHON, Colnago, Pinarello
Global Carbon Fiber Bike Market report 2017 is an in-depth research on the current situation of the Carbon Fiber Bike industry. The Scope of the Carbon Fiber Bike research report: The Global Carbon Fiber Bike Market primarily includes a basic overview of the Carbon Fiber Bike industry. It also includes Carbon Fiber Bike definitions, classifications and applications. It segments the market by applications, types, regions, competitive players and also analyzes Carbon Fiber