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Global Bicycle Infotainment System Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023

Global Bicycle Infotainment System Market Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023

  • July 2017
  • 190 pages
  • ID: 5048462

Summary

Table of Contents

Bicycle infotainment system is the technology that provides information, entertainment as well as communication to rider while riding or travelling. The global bicycle infotainment system market is expected to grow with a CAGR of about 25% during the forecast period of 2016-2023. One of the major drivers fueling the growth in global bicycle infotainment system market during the forecast period is increasing health and fitness awareness among general population globally. Increasing demand for real time tracking and navigation and increased technological advancements are also responsible for the growth of the global bicycle infotainment system market during the forecast period. However, increasing maintenance cost of infotainment systems is the factor responsible to restrain the growth of the global bicycle infotainment system market during the forecast period.

Geographically, North America accounted for the largest market share in terms of revenue in 2016 and the region is expected to dominate the market even during the forecast period. In North America, the main contributors to the bicycle infotainment market are developed countries such as United States and Canada. . Furthermore, Asia Pacific is the fastest growing region in the field of bicycle infotainment system market during the forecast period.

The growth in global bicycle infotainment system market is also influenced by the presence of major players such as GARMIN (SWITZERLAND), WAHOO FITNESS (U.S.), POLAR (FINLAND), MAGELLAN (U.S.), SENA TECHNOLOGIES (U.S.), BEELINE (U.S.), CATEYE (JAPAN), COBI (GERMANY) etc. Product launches, Mergers & acquisitions etc. are some crucial strategies adopted by the major players to gain competitive advantage.

The global bicycle infotainment system market is segmented into product and applications. Report further covers segments of product type which includes wearable kits and on board kits. On board kits type segment accounted for the major shares of the global bicycle infotainment system market in 2016. The segment is expected to dominate the global bicycle infotainment system market during the forecast period. Increased adoption of on board kits due to technological advancements is contributing to the growth of the global bicycle infotainment system market during the forecast period. Moreover, rising demand for navigation infotainment devices is also driving the demand for on board kits during the forecast period. The application of the global bicycle infotainment system includes mountain bikes, road bikes and others. Road bikes accounted for the largest market share in terms of revenue in 2016. The segment is expected to dominate the market during the forecast period.

Please note: this report requires certain updates. We have all the information available but require 3 working days business days to complete the process and ensure it is as up-to-date as possible.


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