GPS equipped Cycle Computers Market Size & Share Analysis - Growth Trends & Forecast 2024 - 2031

The "GPS equipped Cycle Computers Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The GPS equipped Cycle Computers market is expected to grow annually by 11.6% (CAGR 2024 - 2031).

This entire report is of 117 pages.

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GPS equipped Cycle Computers Introduction and its Market Analysis

GPS equipped Cycle Computers are devices that utilize global positioning systems to track and display a cyclist's route, speed, and distance. The market for these products is driven by increasing interest in fitness and outdoor activities, as well as advancements in technology. Major players in the GPS equipped Cycle Computers market include Garmin, CatEye, Pioneer Electronics, Sigma Sport, Polar, and others. The market is highly competitive, with companies focusing on product innovation and customization to cater to the diverse needs of cyclists. The report's findings highlight the growing demand for GPS equipped Cycle Computers and recommend companies to invest in research and development to stay competitive in the market.

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GPS equipped Cycle Computers are becoming increasingly popular among cyclists, offering a variety of features such as tracking distance, speed, and route mapping. The market for these devices can be segmented into Wired Computer, Wireless Computer, and Wireless & GPS Computer. Each type caters to different needs of cyclists who use them for various activities such as Mountain Biking, Road Biking, and other outdoor adventures.

Regulatory and legal factors specific to the market conditions of GPS equipped Cycle Computers include ensuring compliance with GPS tracking regulations, data privacy laws, and safety regulations for using electronic devices while cycling. Manufacturers and suppliers must also consider international regulations for exporting these devices to different countries.

Overall, the market for GPS equipped Cycle Computers is expected to continue growing as more cyclists recognize the benefits of using these devices for tracking their performance and navigating their routes. It is essential for companies operating in this market to stay informed about the regulatory and legal factors that may impact their business operations and product development.

Top Featured Companies Dominating the Global GPS equipped Cycle Computers Market

The GPS equipped cycle computers market is highly competitive with several key players dominating the industry. Garmin is a leading company in this market, offering a wide range of GPS-enabled cycling computers for both recreational and professional cyclists. CatEye, Pioneer Electronics, Sigma Sport, Polar, Bryton Inc, Giant Bicycles, Raleigh (Accell Group), Trek Bicycle, Wahoo Fitness, Topeak Inc, VDO Cyclecomputers, o-synce, BBB Cycling, Bion, and KNOG are some of the other major players in the market.

These companies offer various features and functionalities in their GPS equipped cycle computers such as real-time tracking, navigation, heart rate monitoring, and performance analysis. They cater to different segments of the market from casual riders to serious athletes, providing a range of options to suit different needs and budgets.

These companies help to grow the GPS equipped cycle computers market by continually innovating and improving their products, expanding their distribution networks, and marketing their products effectively to target consumers. They also engage in partnerships with other companies in the cycling industry to offer integrated solutions and capitalize on emerging trends such as the rise of e-bikes and the increasing focus on health and fitness.

In terms of sales revenue, Garmin leads the market with an estimated revenue of over $3 billion in 2020. Other companies like Trek Bicycle and Giant Bicycles also generate significant revenue from their GPS equipped cycle computers sales, contributing to the overall growth of the market. The competitive landscape of the GPS equipped cycle computers market is likely to continue evolving as companies strive to differentiate themselves and capture market share in this rapidly expanding industry.

• Garmin
• CatEye
• Pioneer Electronics
• Sigma Sport
• Polar
• Bryton Inc
• Giant Bicycles
• Raleigh (Accell Group)
• Trek Bicycle
• Wahoo Fitness
• Topeak Inc
• VDO Cyclecomputers
• o-synce
• BBB Cycling
• Bion
• KNOG

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GPS equipped Cycle Computers Market Analysis, by Type:

• Wired Computer
• Wireless Computer
• Wireless & GPS Computer

Wired cycle computers require a physical connection to sensors on the bike, while wireless computers use radio signals for data transmission. Wireless & GPS computers incorporate GPS technology for accurate tracking and navigation. These devices have gained popularity due to their convenience, ease of installation, and advanced features like mapping and route planning. The demand for GPS equipped cycle computers is boosted by the increasing interest in fitness tracking, navigation assistance, and data analysis among cyclists. With wireless connectivity and GPS capabilities, these devices offer enhanced functionality and performance for cyclists of all levels.

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GPS equipped Cycle Computers Market Analysis, by Application:

• Mountain Bike
• Road Bike
• Other

GPS equipped cycle computers are used for tracking and navigating routes in various cycling applications. In mountain biking, they help riders stay on course in remote areas and track performance metrics such as elevation gain. In road biking, they assist in planning routes and monitoring speed, distance, and heart rate. In other cycling activities like commuting or touring, they provide navigation and safety features. The fastest growing application segment in terms of revenue is road biking, as more cyclists are utilizing GPS technology to optimize their training and performance on the road.

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GPS equipped Cycle Computers Industry Growth Analysis, by Geography:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The GPS equipped cycle computers market is experiencing significant growth in North America, especially in the United States and Canada. In Europe, countries like Germany, France, the ., Italy, and Russia are driving market expansion. Asia-Pacific region, including China, Japan, South Korea, India, Australia, Indonesia, Thailand, and Malaysia, is also witnessing a surge in demand. Latin America, particularly Mexico, Brazil, Argentina, and Colombia, is emerging as a lucrative market. The Middle East & Africa region, with countries like Turkey, Saudi Arabia, UAE, and Korea, is showing promising growth. North America is expected to dominate the market with a market share percent valuation of around 35%, followed by Europe at 30%. Asia-Pacific is projected to have a market share of 25%, while Latin America and the Middle East & Africa regions are expected to have a market share of 5% each.

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