GPS Bike Computers Market 2021-2025: North America to Dominate Market Growth

The GPS bike computers market share will grow by USD 219.44 million, accelerating at a CAGR of 4.98% during the forecast period. Technavio's research report provides a detailed analysis of the market with insights on trends, drivers, and challenges that are likely to impact market growth. It also provides a competitive analysis of the key market players and their product portfolios. Unlock Free Sample Report

GPS Bike Computers Market: North America to lead market growth during the forecast period

• The GPS bike computers market is segmented by Product (Non-mapping and Mapping), Application (Fitness and commuting and Athletics and sports), and Geography (North America, Europe, APAC, MEA, and South America).
• Based on the market segmentation by product, the GPS bike computers market value in the non-mapping segment will be significant during the forecast period.
• 32% of the market growth will originate from North America during the forecast period. Factors such as the high disposable incomes and populations that have a strong inclination for outdoor sports activities will increase the market growth in North America.
• The report provides an accurate prediction of the contribution of all the geographic segments to the growth of the GPS bike computers market size.
• The GPS bike computers market report also provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. 

GPS Bike Computers Market: Key Competitors

The market is fragmented, and the growth of the players depends on several factors such as market conditions, government support, and industry development.

Acer Inc., Bryton Inc., Garmin Ltd., Giant Manufacturing Co. Ltd., Lezyne USA Inc., MiTAC Holdings Corp., Pioneer Corp., Polar Electro Oy, and Wahoo Fitness LLC are some of the major GPS bike computers market vendors. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Download the Free PDF Sample Report

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerating at a CAGR of almost 4.98%.
    
2. What is the incremental growth of the market?
   The market is expected to grow up to USD 219.44 million.
    
3. What is a key factor driving this market?
   The growing adoption of smart cycling products will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   North America, Europe, APAC, MEA, and South America are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market?
   32% growth will originate from North America.
    
6. Who are the leading market vendors?
   The leading vendors in this market are Acer Inc., Bryton Inc., Garmin Ltd., Giant Manufacturing Co. Ltd., Lezyne USA Inc., MiTAC Holdings Corp., Pioneer Corp., Polar Electro Oy, and Wahoo Fitness LLC.
    
7. What are the market segments covered in this report?
   The market is segmented by Product (Non-mapping and Mapping), Application (Fitness and commuting and Athletics and sports), and Geography (North America, Europe, APAC, MEA, and South America).