Smart Bicycle Accessories Market by Type, Share, Growth and Analysis – 2029

Smart Bicycle Accessories Market 2022

At the end of 2018, the market for this market was valued at around US$950 million. The market for smart bicycle accessories is anticipated to reach US$ 2.32 billion by the end of the forecast period, or in 2029, with a CAGR of 9%.

Persistence Market Research has published a report on the smart bicycle accessories market that includes global industry analysis 2014–2018 and forecast 2019–2029. The report covers latest trends, macroeconomics factors, key information, forecast factors, and key success factors, along with the historical market scenario.

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On the regional front, the Europe smart bicycle accessories market is observed to be a prominent market with similar trend followed during the forecast period. Countries such as China, Poland, and India, are identified as emerging markets of this market owing to the fast-paced production activities in these countries.

Smart Bicycle Accessories Market: Segmental Analysis

By product type, the global this market market is segmented into smart helmet, smart lock, smart light, smart glove, smart onboard computer, smart sensor, and smart power meter. The market 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 this market are focusing more on safety features as compared to conventional bicycle systems. The aforementioned factor is expected to increase the sales of this market 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.

Global Smart Bicycle Accessories Market: Competitive Landscape

Some of the market participants reported in this study in the global smart bicycle accessories market includes Garmin Ltd., Pioneer Corporation, Assize Technology Co., Ltd., Polar Electro, Robert Bosch GmbH, Sena Technologies, Inc., Linka, LIVALL, Vanhawks Inc., Wuhan Qiwu Technology Co., Ltd., VDO Cycle Computing, and Sigma Sport, among others.

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