Press release
Smart Bicycle Accessories Market Sales to Top US$ 2.32 Bn by the end of 2029
Smart Bicycle Accessories Market 2022
The global smart bicycle accessories market was worth ~US$ 950 Mn at the end of 2018. With a CAGR of ~9%, the smart bicycle accessories market is estimated to be valued ~US$ 2.32 Bn by the end of the forecast period i.e., 2029. Persistence Market Research has published a report on the smart bicycle accessories market that includes global industry analysis 2014-2018 and forecast 2019-2029.
Request for Free Sample Copy of Smart Bicycle Accessories Market Report@https://www.persistencemarketresearch.com/samples/18316
The report covers latest trends, macroeconomics factors, key information, forecast factors, and key success factors, along with the historical market scenario. The value of the global smart bicycle accessories market was worth over a million US$ in 2018. In terms of value, the smart bicycle accessories market is projected to grow at a significant growth rate during the forecast period.
PMR has conducted a structured market research on the smart bicycle accessories. The smart bicycle accessories market report estimates that, during the forecast period, smart onboard computers and smart sensor segments are expected to create significant growth opportunities in the global smart bicycle accessories market, both in terms of, volume and value
Key players-
• Garmin Ltd.
• Pioneer Corp.
• Polar Electro
• LIVALL
• Sena
• Robert Bosch
• Cobi Bike
• Vanhawks Inc.
• Sigma Sport
• iGSPORT/Wuhan Qiwu Technology Company
• Assize Technology Co., Ltd.
• VDO Cycle Computing / Cycle Parts GmbH
Complete Report Details@https://www.persistencemarketresearch.com/market-research/smart-bicycle-accessories-market.asp
Smart Bicycle Accessories Market: Segmental Analysis
By product type, the global smart bicycle accessories market is segmented into smart helmet, smart lock, smart light, smart glove, smart onboard computer, smart sensor, and smart power meter. The smart bicycle accessories market is expected to be prominent in the smart onboard computer owing to the advanced features such as map, theft alert notification, heart rate monitoring, and several other features. The smart glove segment is projected to have less share as compared to the other segments of the product type. Moreover, manufacturers of smart bicycle accessories are focusing more on safety features as compared to conventional bicycle systems. The aforementioned factor is expected to increase the sales of smart bicycle accessories during the forecast period.
By sales channel, the global smart bicycle accessories market is segmented into offline and online. The offline segment is projected to be prominent throughout the forecast period.
By region, the smart bicycle accessories market report studies markets across several regions such as North America, Latin America, Europe, South Asia, East Asia, Middle East & Africa, and Oceania. North America and Europe are expected to grow with a predominant share in the global smart bicycle accessories market over the forecast period. However, East Asia is representing healthy growth in the smart bicycle accessories market.
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The global smart bicycle accessories market is consolidated owing to the presence of less manufacturers of smart bicycle accessories across the globe. Prominent players in the global smart bicycle accessories market are focusing on the development of smart bicycle accessories, adopting business expansions, collaborations, and acquisition strategies to capture significant share of the global market.
• In 2018, Sena Technologies, Inc. announced the initial shipments of Bluetooth-Integrated Momentum, Momentum Lite, and Momentum INC smart helmets.
• In 2018, Sigma Sport expanded its business by the addition of new 30,000 square-foot distribution centre in Grantham, Lincolnshire.
• In 2019, Garmin Ltd collaborated with Daimler, to bring connected features in Mercedes-Benz vehicles with Vívoactive 3 GPS smart watch.
Key Questions Answered in the Global Smart Bicycle Accessories Market Report =
• How is the smart bicycle accessories market expected to grow over the projected period?
• What will be the smart bicycle accessories market expected to take in terms of volume and value during the forecast period?
• What are the key factors driving the smart bicycle accessories market?
• What are the significant opportunities for manufacturers of smart bicycle accessories?
• What is the expected impact of macroeconomic factors on the smart bicycle accessories market in the future?
• What are the key developments and trends taking place in the smart bicycle accessories market?
Related Reports:
Automotive Exterior Accessories Market - https://www.persistencemarketresearch.com/market-research/automotive-exterior-accessories-market.asp
Automotive Exterior Accessories Market Segmented By Covers, Front Guards, Racks, Body Kits, Window Films Product Type in Passenger Car, LCVs, HCVs Vehicle Type, Available Online and Offline .
Bicycle Accessories Market - https://www.persistencemarketresearch.com/market-research/bicycle-accessories-market.asp
Persistence Market Research offers insights about key factors driving demand for bicycle accessories. The report tracks the global sales of bicycle accessories in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the cycling industry in general, and bicycle accessories in particular.
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