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Smart Bicycle Accessories Market by Type & Forecast during 2017-2025

Persistence Market Research has announced the addition of the “Smart Bicycle Accessories Market: Global Industry Analysis and Opportunity Assessment, 2017-2025"report to their offering
Published 13 February 2018

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.

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.

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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 can be divided into four segments, based on market type, Device Type and product type.

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.

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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.

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