Global Bicycle Infotainment System Market by Type (Wearable Kits, On-Board Kits), By Application (Road Bike, Mountain Bike, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
The Global Bicycle Infotainment System Market size is projected to grow at a CAGR of 20.5% during the forecast period, with an estimated value of USD 1bn in 2028. The major factor driving the growth is the increasing demand for high-end bicycles, which are equipped with features such as GPS tracking and electronic displays.
A bicycle infotainment system is a device that allows for wireless communication from the bicycle. It can provide important information such as date, time, and location along with other features. It is an electronic device that has been added to a typical bike. It allows the user access to media, GPS navigation, and communication tools while they are on their commute or ride. They can listen to music, make phone calls and even track location using integrated systems.
On the basis of Type, the global bicycle infotainment system market is segmented into wearable kits and onboard kits.
Wearable Kits:
Wearable kits are the type of bicycle infotainment system that can be worn on the body. It is also known as a personal navigation device. The features of wearable kits type are, the system consists of only sensors and actuators to monitor performance. Wear-able kits are attached to the cyclist’s wrist, which avoids distraction while riding. This system type is easy to use and provides accurate information on speed, distance covered, time is taken, etc., so that cyclists can improve their performance by working out specific areas of improvement.
Onboard Kits:
On-board kits are types of bicycle infotainment systems that keep all the important parts on the bike itself. The parts include a display, control unit, and speakers. Onboard Kits are built into the bicycle frame and have a wired connection to a handlebar-mounted display. The Display may also be connected to an electronic device such as a smartphone, MP player, or GPS unit via Bluetooth for information sharing with other systems onboard the bike. Its benefits are easy to install and use, Offers a better experience when riding the bike, thus making it safe.
On the basis of Application, the global bicycle infotainment system market is segmented into road bike, mountain bike, and others.
On the basis of Region, the global bicycle infotainment system market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America holds the majority of the shares in terms of revenue generated from sales of electronic devices followed by the European region where major players have penetrated with enhanced product portfolio at economical prices making it affordable for consumers across several countries including Germany, France Sweden, etc., Asia Pacific will be witnessing high growth in terms of revenue generated from sales of bicycle infotainment systems due to increasing per capita income and purchasing power parity (PPP) which would further drive the adoption rate for this innovative product offering. Currently, the Latin American countries are focusing on increasing their share in global trade and as a result, companies operating within this region have made significant advancements to meet customer’s needs. The Middle East & Africa bicycle infotainment system market is expected to grow at a CAGR of around 24% in the next five years. The region has witnessed an increasing demand for bicycles since 2016, which led to a significant increase in revenue and bike production in countries like Oman and Saudi Arabia. This trend is likely to generate high growth opportunities for vendors operating in this market during the forecast period (2019–2023).
Growth Factors For The Global Bicycle Infotainment System Market:
The growth factors for the global bicycle infotainment system market are due to its increasing demand in various applications. Also, there is a growing number of companies engaged in the ICT industry that has led to an increase in the research & development activities across North America and Europe over the past few years. Furthermore, rising awareness about health benefits associated with cycling has led to a surge in the bicycle infotainment system market.
Up Market Research published a new report titled “Bicycle Infotainment System Market research report which is segmented by Types (Wearable Kits, On-Board Kits), By Applications (Road Bike, Mountain Bike, Others), By Players/Companies Garmin, Wahoo Fitness, Polar, Magellan, Sena Technologies, Cateye”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Scope
Report Attributes | Report Details |
Report Title | Bicycle Infotainment System Market Research Report |
By Type | Wearable Kits, On-Board Kits |
By Application | Road Bike, Mountain Bike, Others |
By Companies | Garmin, Wahoo Fitness, Polar, Magellan, Sena Technologies, Cateye |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 227 |
Number of Tables & Figures | 159 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Bicycle Infotainment System Market Report Segments:
The market is segmented by Type Wearable Kits, On-Board Kits and By Application Road Bike, Mountain Bike, Others.
Some of the companies that are profiled in this report are:
- Garmin
- Wahoo Fitness
- Polar
- Magellan
- Sena Technologies
- Cateye
Bicycle Infotainment System Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Bicycle Infotainment System Market
Overview of the regional outlook of the Bicycle Infotainment System Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Bicycle Infotainment System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Bicycle Infotainment System Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Wearable Kits
2. On-Board Kits
7. By Application:1. Road Bike
2. Mountain Bike
3. Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bicycle Infotainment System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Bicycle Infotainment System Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bicycle Infotainment System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bicycle Infotainment System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bicycle Infotainment System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bicycle Infotainment System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bicycle Infotainment System Market Size & Forecast, 2018-2028
4.5.1 Bicycle Infotainment System Market Size and Y-o-Y Growth
4.5.2 Bicycle Infotainment System Market Absolute $ Opportunity
Chapter 5 Global Bicycle Infotainment System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Bicycle Infotainment System Market Size Forecast by Type
5.2.1 Wearable Kits
5.2.2 On-Board Kits
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Bicycle Infotainment System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Bicycle Infotainment System Market Size Forecast by Applications
6.2.1 Road Bike
6.2.2 Mountain Bike
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bicycle Infotainment System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bicycle Infotainment System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Bicycle Infotainment System Analysis and Forecast
9.1 Introduction
9.2 North America Bicycle Infotainment System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Bicycle Infotainment System Market Size Forecast by Type
9.6.1 Wearable Kits
9.6.2 On-Board Kits
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Bicycle Infotainment System Market Size Forecast by Applications
9.10.1 Road Bike
9.10.2 Mountain Bike
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Bicycle Infotainment System Analysis and Forecast
10.1 Introduction
10.2 Europe Bicycle Infotainment System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Bicycle Infotainment System Market Size Forecast by Type
10.6.1 Wearable Kits
10.6.2 On-Board Kits
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Bicycle Infotainment System Market Size Forecast by Applications
10.10.1 Road Bike
10.10.2 Mountain Bike
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Bicycle Infotainment System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bicycle Infotainment System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Bicycle Infotainment System Market Size Forecast by Type
11.6.1 Wearable Kits
11.6.2 On-Board Kits
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Bicycle Infotainment System Market Size Forecast by Applications
11.10.1 Road Bike
11.10.2 Mountain Bike
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Bicycle Infotainment System Analysis and Forecast
12.1 Introduction
12.2 Latin America Bicycle Infotainment System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Bicycle Infotainment System Market Size Forecast by Type
12.6.1 Wearable Kits
12.6.2 On-Board Kits
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Bicycle Infotainment System Market Size Forecast by Applications
12.10.1 Road Bike
12.10.2 Mountain Bike
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Bicycle Infotainment System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bicycle Infotainment System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Bicycle Infotainment System Market Size Forecast by Type
13.6.1 Wearable Kits
13.6.2 On-Board Kits
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Bicycle Infotainment System Market Size Forecast by Applications
13.10.1 Road Bike
13.10.2 Mountain Bike
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bicycle Infotainment System Market: Competitive Dashboard
14.2 Global Bicycle Infotainment System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Garmin
14.3.2 Wahoo Fitness
14.3.3 Polar
14.3.4 Magellan
14.3.5 Sena Technologies
14.3.6 Cateye