What is Global GPS-equipped Cycle Computers Market?
The Global GPS-equipped Cycle Computers Market is a rapidly growing sector in the technology and fitness industry. These devices, as the name suggests, are computers equipped with GPS technology that are specifically designed for use on bicycles. They provide cyclists with a range of data including speed, distance, location, and even heart rate in some models. This market has seen significant growth in recent years due to the increasing popularity of cycling as a form of exercise and transportation, as well as advancements in GPS technology. The devices are particularly popular among professional cyclists and cycling enthusiasts who use them to track their performance and progress. They are also used by casual cyclists for navigation and safety purposes. The market includes a variety of products with different features and price points, catering to a wide range of consumers.
Wired Computer, Wireless Computer, Wireless & GPS Computer in the Global GPS-equipped Cycle Computers Market:
In the Global GPS-equipped Cycle Computers Market, there are three main types of devices: Wired Computer, Wireless Computer, and Wireless & GPS Computer. Wired computers are the most basic type and are typically the cheapest. They are connected to the bike's speed and cadence sensors via wires. While they are reliable and accurate, they can be difficult to install and the wires can get in the way. Wireless computers, on the other hand, connect to the sensors wirelessly, making them easier to install and use. However, they can be less reliable and accurate than wired computers. Wireless & GPS computers are the most advanced type. They combine the convenience of wireless connectivity with the accuracy and functionality of GPS technology. These devices can provide a wealth of data including speed, distance, location, altitude, heart rate, and more. They are typically the most expensive type, but are favored by professional cyclists and serious enthusiasts for their advanced features and capabilities.
Mountain Bike, Road Bike, Other in the Global GPS-equipped Cycle Computers Market:
The Global GPS-equipped Cycle Computers Market caters to a variety of cycling disciplines, including Mountain Biking, Road Biking, and others. Mountain bikers often use these devices to navigate trails and track their performance. The rugged nature of mountain biking requires durable and reliable devices that can withstand harsh conditions. Road bikers, on the other hand, often use these devices to monitor their speed, distance, and heart rate. They are particularly useful for long-distance rides where navigation and performance tracking are crucial. Other types of cycling that utilize these devices include commuting, touring, and recreational riding. Regardless of the type of cycling, these devices can greatly enhance the riding experience by providing valuable data and features.
Global GPS-equipped Cycle Computers Market Outlook:
Looking at the market outlook, the Global GPS-equipped Cycle Computers Market was valued at a substantial US$ 421 million in 2023. The market is expected to continue its upward trajectory, with projections estimating it to reach a value of US$ 632.7 million by 2030. This represents a compound annual growth rate (CAGR) of 6.0% during the forecast period from 2024 to 2030. This growth can be attributed to several factors, including the increasing popularity of cycling, advancements in GPS technology, and the growing demand for data-driven fitness and training tools. As more people turn to cycling for exercise, transportation, and recreation, the demand for high-quality, reliable, and feature-rich cycle computers is expected to continue to grow.
| Report Metric | Details |
| Report Name | GPS-equipped Cycle Computers Market |
| Accounted market size in 2023 | US$ 421 million |
| Forecasted market size in 2030 | US$ 632.7 million |
| CAGR | 6.0% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | 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 |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
