Wireless Cycle Computer Market: Introduction
- Wireless cycle computer, also known as wireless cyclometer or GPS cycling computer, is a small digital machine to track the parameters of the bike and the rider through satellite.
Key Drivers of the Global Wireless Cycle Computer Market
- Wireless cycle computers measure speed and have heart rate sensors through ANT+, Bluetooth Smart, and Wi-Fi. These features are key drivers of the global wireless cycle computer market.
- Data of speed, trip distance, calories, odometer, and more are stored in the device. Customers can track their performance by the help of the data stored in the device. This advanced technology is the key driver of the wireless cycle computer market.
Increase in Demand for Wireless Cycle Computers due to Increasing Cycling Events - A Market Opportunity
- Increase in cycling events such as cycle races, cycle rallies, and others at national and international levels is likely to increase the demand and create opportunity for wireless cycle computers.
- Many health conscious customers and tourists love to explore a local area by cycling. They demand features such as Bluetooth connectivity to their phone for a comfortable ride. This demand will create an opportunity for wireless cycle computers globally.
Inaccurate Reading a Restraint of the Wireless Cycle Computer Market
- Many customers have experienced problems of inaccurate reading of different parameters in the device due to fluctuations in the device while riding. This would restrict the wireless cycle computer market, although many companies are working on preventing such undesired fluctuations while cycling.
North America and Asia Pacific Projected to be Potential Markets for Wireless Cycle Computers
- North America shows huge interest in wireless cycle computers. Cycling events and different cycle stunts are very popular in the US and Canada.
- Asia Pacific region because of its adventure activities and scenic beauty sees high demand for wireless cycle computers. Countries such as Australia, Indonesia, Bali, Maldives, Philippines, and Thailand are famous for cycling activities. Activities such as cycling, cycle rally race, or cycle racing would create demand for wireless cycle computers in the Asia Pacific region.
- The millennial population wants to keep themselves fit and healthy. Increased sports activities such as cycling in developing countries (India and China), has created huge demand for wireless cycle computers to keep track of calories burnt and distance & other parameters.
Players Operating in the Global Wireless Cycle Computer Market
Major wireless cycle computer manufacturing companies across the world are focusing on extending their product offerings and taking steps to innovate the products to satisfy customer needs. Companies which are active in the wireless cycle computer market have ample opportunities to expand their market share. Significant demand can be seen from both developed and developing countries for premium wireless cycle computers.
Some of the key companies active in the wireless cycle computer market are listed below:
- Garmin Ltd.
- Cervelo
- CATEYE Co., Ltd
- Wahoo Fitness.
- Bryton Inc.
- Lezyne
- Sigma Sports
- SHIMANO INC.
- Coospo Technology
- XOSS.CO
- Magene Fitness
Wireless Cycle Computer Market, by Price
- Low (US$ 60 and below)
- Medium (US$ 61 – US$ 350)
- High (US$ 351 and above)
Wireless Cycle Computer Market, by Battery Life
- 15 hours and below
- 16 hours to 25 hours
- 26 hours to 35 hours
- 35 hours and above
Wireless Cycle Computer Market, by End-use
Wireless Cycle Computer Market, by Distribution Channel
- Online
- Third Party Website
- Company Owned Website
- Offline
- Specialty Stores
- Hypermarkets and Supermarkets
- Others
Wireless Cycle Computer Market, by Region
- North America
- U.S.
- Canada
- Rest of North America
- Western Europe
- Germany
- U.K.
- France
- Spain
- Italy
- Nordic countries
- Belgium
- Netherlands
- Luxembourg
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Australia
- New Zealand
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- North Africa
- Rest of Middle East & Africa
- Latin America
- Mexico
- Brazil
- Peru
- Chile
- Rest of Latin America
The report on the wireless cycle computer market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.
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