Smart Bicycle Accessories Market - Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 - 2025


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MRR AC_Smart Bicycle Accessories Market 

Significant advancements in the world's smart bicycle accessories industry has been driven by quickly increasing technological progress, especially in developing countries and increasing emphasis on energy conservation. In addition, the mobility and availability of the smart bicycles, as well as the use of accessories such as throttles, the dynamometer arm and battery kit, display, cable and other accessories improve the effectiveness of smart bicycle, thus enhancing smart bicycle accessories market from a global perspective. 

Smart bicycle equipment has placed forward thoughtful design in order to make sure your ever changing bicycle ride evolves in conjunction with it. In the coming years, the great canon of the cycling equipment will be filled with smart predictive lighting, smart navigation systems, and automated metrics, smart helmets, and smart turn signals and rearview mirrors. 

  • Efficient batteries sold in the smart bicycle accessories market is still one of the industries prominent technological innovations. 
  • Lithium ion batteries (Li-ion) are a leading trend in the smart bicycle accessories market in bicycles. 
  • These batteries significantly decrease the vehicle's total weight and are also fairly inexpensive. 
  • In addition, parallel cells are battery management that enable cars to propel at greater speeds. 

The use of lithium ion batteries should therefore further propel the smart bicycle accessories market. 

Manufacturers focus heavily on Grin technology to increase smart bicycle display precision through the use of a control signal with a splash signal. In addition, advanced sensors like the Quadrature PAS Sensors are being installed by manufacturers to improve the quality of the signal transmission.

As more and more people are moving towards urban centres, modern transportation systems are increasingly strained. For city dwellers, smart bicycle present a cheap and convenient way to navigate ever-busier streets. In some cities, public transportation infrastructure simply isn't a viable means of transport.

Smart bicycle accessories helps the cyclists to have a safe and comfortable bicycle ride. Smart bicycle accessories helps the riders to track and navigate the route, track time, collect data about the rides.

Smart Bicycle Accessories Market: Drivers and Restraints

Today, Cycling is not just a cheap means of transport, but smart bicycle is viewed as a lifestyle accessory, a status symbol of an individual, the way as driving a premium sports car or belonging to a golf club. This is great news for smart bicycle accessories suppliers, because it means that many of their potential customers are not buying on price alone, instead brand, quality and product features are also key factors influencing purchase. This is one of the major factor which will drive the smart bicycle accessories market.

For smart bicycle accessories market, consumers’ preference for aftermarket can slowdown the sales for OEM (Original Equipment Market), as is one of the major restraint for the growth of the smart bicycle accessories market.

Global Smart Bicycle Accessories Market: Market Segmentation

Global Smart Bicycle Accessories Market can be divided into four segments, based on market type, Device Type and product type.

Segmentation on basis of Component for Smart Bicycle Accessories Market:

The major segments of Smart Bicycle Accessories market on basis of market type include:

  • Original Equipment Market (OEM)
  • Aftermarket

Segmentation on basis of Component for Smart Bicycle Accessories Market:

The major segments of Smart Bicycle Accessories market on basis of device type include:

  • Wearable
  • Non Wearable

Segmentation on basis of Type for Smart Bicycle Accessories Market:

The major segments of Smart Bicycle Accessories market on basis of product type include:

  • Smart Helmet
  • Smart Lock
  • Smart Navigator
  • Smart lights
  • Smart Sensors
  • Smart Bicycle Computers
  • Others

Global Smart Bicycle Accessories Market Technology Trends

Recent trend is, employees are being encouraged by companies to use bicycles to commute to work. Which is fuelling the use of more smart bicycle accessories for safe, better and convenient ride by cyclists. Today cyclists are splashing out more on the accessories than bicycles themselves. Over the past five years, sales of smart bicycle accessories have outstripped that of the bicycles market. More than men, women cyclists are contributing to the rise in sale of smart bicycle accessories in the recent past.

Global Smart Bicycle Accessories Competitive Landscape

Some of the major Smart Bicycle Accessories vendors include Polar Electro, LIVALL, SmartHalo/CycleLabs Solutions Inc., Bosch eBike, Cobi Bike, Vanhawks Inc, Sigma Sport, iGSPORT/Wuhan Qiwu Technology Company, Assize Technology Co., Ltd., VDO Cycle Computing / Cycle Parts GmbH, o-synce, CicloSport K.W. Hochschorner GmbH, among others.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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