Bike Computer Market Size, Share, and Trends Analysis Report, By Type (Wired Computer and Wireless Computer), By Sensor Type (Rear Wheel Sensor, Speed/Cadence Sensor, Gradient Sensor, and Heart Rate Sensor), and By Application (Fitness & Commuting, and Athletics & Sports) Forecast Period (2022-2028)

The global bike computer market is anticipated to grow at a CAGR of 4.7 % during the forecast period (2022-2028). A bike computer is an electronic device that is placed on a bike and displays and calculates trip data. It looks like a speedometer or odometer on the dashboard of a car. The device is mounted on the handlebar for easy visibility by the rider. A bike computer is sometimes known as a cyclo-computer. A speed or cadence sensor, a heart-rate sensor for monitoring the rider’s heart rate, and a rear-wheel sensor are among the sensors on the cycle computer. Cyclo-computer devices have traditionally been used by cyclists to track their speed, maps, and other information not included with the bike.

Some driving factors for the global bike computer market are:

• The rise in health consciousness among individuals is a major aspect driving the bike computer marketacross the globe.
• The demand for bike computers is increasing as riders become more health concerned, as these gadgets track a variety of metrics such as energy level, water percentage, calories burned, heart rate, and others dependent on the course and energy expenditure which will drive the market growth
• Furthermore, GPS technology can be used by bike computer equipment to enable riders. Furthermore, GPS navigation provided by bike computer equipment is expected to provide map assistance to cyclists for a more efficient journey. These advance features with bike computers will support the market positively during the forecast period.
• The increase in the number of cyclists is predicted to present a profitable growth opportunity for the bike computer industry across the globe

Some major players in the market include CatEye Co., Ltd., Garmin Ltd., Pioneer Corp., Knog, and Giant Manufacturing Co. Ltd., among others. The market players are additionally, contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, in order to stay competitive in the market. For instance,

• In May 2021, The ELEMNT BOLT, a new GPS bike computer from Wahoo, offered a vivid color display, a simple interface, and expanded navigation features. The new ELEMNT BOLT device features a 2.2″ 64-color, high-contrast screen built of scratch-resistant gorilla glass, allowing riders to change destinations, route back to the start, and retrace their journeys without having to use their phone.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Sensor Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Competitive Landscape- CatEye Co., Ltd., Garmin Ltd., Pioneer Corp., Knog, Giant Manufacturing Co. Ltd., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Bike Computer Market Report by Segment

By Type

• Wired Computer
• Wireless Computer

By Sensor Type

• Rear Wheel Sensor
• Speed/Cadence Sensor
• Gradient Sensor
• Heart Rate Sensor

By Application

• Fitness & Commuting
• Athletics & Sports

Global Bike Computer Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa