GPS Bike Computers Market by Product, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR44790
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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?

GPS-Bike-Computers-Market-Market-Size-2020-2025

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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?

GPS-Bike-Computers-Market-Market-Share-by-Region-2020-2025

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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?

GPS-Bike-Computers-Market-Market-Share-by-Product-2020-2025

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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.

 

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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

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.98%

Market growth 2021-2025

$ 219.44 million

Market structure

Fragmented

YoY growth (%)

2.83

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 32%

Key consumer countries

US, Germany, UK, Canada, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

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

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,

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.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces analysis 2020 & 2025
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Non-mapping - Market size and forecast 2020-2025
    • Mapping - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Fitness and commuting - Market size and forecast 2020-2025
    • Athletics and sports - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Acer Inc.
      • Bryton Inc.
      • Garmin Ltd.
      • Giant Manufacturing Co. Ltd.
      • Lezyne USA Inc.
      • MiTAC Holdings Corp.
      • Pioneer Corp.
      • Polar Electro Oy
      • Wahoo Fitness LLC

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
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      The gps bike computers market growth will increase by $174.53 million during 2019-2024.
      The gps bike computers market is expected to grow at a CAGR of 4.98% during 2019-2024.
      Technavio has segmented the gps bike computers market by product (Non-mapping and Mapping) ,application (Fitness and commuting and Athletics and sports) , and geographic (North America, Europe, APAC, MEA, and South America).
      Acer Inc., Bryton Inc., CATEYE Co. Ltd. , Garmin Ltd., Giant Manufacturing Co. Ltd., Lezyne, MiTAC Holdings Corp., Pioneer Corp., Polar Electro Oy, Wahoo Fitness LLC are a few of the key vendors in the gps bike computers market.
      North America will register the highest growth rate of 31.69% among the other regions. Therefore, the gps bike computers market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the gps bike computers market growth are:
      • Growing adoption of smart cycling products
      • Introduction of GPS bike computers with analog display and digital data collection
      The gps bike computers market vendors should focus on grabbing business opportunities from the non-mapping segment as it accounted for the largest market share in the base year.
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