Cycle Computer Market Size was valued at USD 607.3 million in 2023. The Global Cycle Computer Market industry is projected to grow from USD 651.6 Million in 2024 to 1,015.3 million by 2032, exhibiting a compound annual growth rate (CAGR) of 5.7 % during the forecast period (2024 - 2032).
A cycle computer is a device that aids in the tracking of cycling performance. It can measure speed, distance, heart rate, and other parameters. Most come with a mount that attaches to bike's handlebars or stem. A microcontroller in the motor controller of most electric bicycles calculates input cadence or torque, adjusts amperage, controls the motors, and sends display screen information. Using the computer, cyclists can frequently select the level of power assist provided. The computer also monitors the speed and can deactivate the motor for braking or if required by law. As per Analyst at MRFR, “The industry has seen several growth factors in recent years, fueled by increase in health-consciousness among individuals and need for technologically advanced bike computers is on the rise.”
FIGURE 1: Cycle Computer Market Size 2019-2032 (USD MILLION)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
In the medium term, rising customer preference for low-cost GPS bike computers drive key players to develop low-cost, distinctively designed, simple-to-use, and feature-rich products. Omata One, for example, is a digital data collector instrument with a smart and simple design and simple analogue displays. It has ANT+ protocols as well as heart rate sensors. It is well-suited for smart GPS bike computers that use Bluetooth Low Energy (BLE) and broad three-dimensional dial and power output metres. This trend is expected to benefit the GPS bike computers market over the forecast period. A cheap GPS cycling computer's functions are useful whether for training and to track effort and hills against speed, or to explore the current location. There are almost certainly as many ways to use GPS on a bike as there are cyclists. A simple, low-cost GPS cycling computer can record rides in far greater detail than a standard computer.
Cycles are expected to gain popularity as a convenient mode of transportation for living a healthy and physically fit life, resulting in a steady increase in the adoption of cycle components over the forecast period. Increasing green energy adoption, stringent regulations associated with increasing global carbon footprint, and investments to develop an environmentally efficient mode of transportation are key growth factors for the cycle products aftermarket.
Based on offering, the Cycle Computer Market has been segmented into cycling computers and cycling sensors. Cycling computers held a significant market share of 82%. Cycle computers are further sub segmented into Wired Computer, Wireless Computer and GPS Computer. Wireless and GPS cycling computers are gaining significant demand among cyclists owing to the advanced wireless transmitter features. Moreover, wireless cycling computers allow a user to connect with the sensors, smartphones, laptop, and fitness tracker wirelessly and work with many communication protocols.
Cycling sensors are divided into speed sensors, cadence sensors, speed/cadence dual mode sensors, heart rate sensors. Cycling sensors are very essential items that come with cycling computers or users purchase them separately. External sensors are used to send data such as cadence, speed, and heart rate to the computer. These sensors are fitted to the bicycle and user to gauge the accurate measurement of cadence, speed, and heart rate.
Based on application, the Cycle Computer Market has been segmented into fitness & commuting and athletics & sports. Athletics & Sports held the largest market share. Cycle computers are widely used by athletes and sport persons road races, club runs, mountain tracking competitions and other cycling events. A cycle computer can give all the information about the cycle ride, from the essential parameters such as speed and distance to the time required to reach the destination. There are many cycle users which are using cycle computers for tracking their fitness and commuting. Cycle computers can calculate important parameters of fitness, which includes heart rate. Some cycle computers that have a specific monitor which also estimate the number of calories burnt by the user. Features like this fuel the growth of this market.
Based on bike type, the Cycle Computer Market has been segmented Mountain Bike and Road Bike. Mountain Bike held the largest market share. Mountain bikers use cycle computers for GPS navigation, for monitoring the route, to monitor the speed & distance. Cycle computers are also used to recognize the height of the path, display temperature, and other geographical parameters. Cycle computers are used in road bikes for monitoring fitness parameters, to track travel information and for navigation.
FIGURE 2: Cycle Computer Market, By Bike Type, 2023 Vs 2032 (USD MILLION)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
By Region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. North America accounted for ~ 32.0 % of cycle computer market. North America is one of the noticeable local business sectors, inferable from the rising utilization of the cycle as a method of going in the district. North America is embracing a sound way of life, actual work, and harmless to the ecosystem transportation patterns because of which the interest for the cycle computer market is developing.
Propelling the European cycle industry is expected to drive the growth of the Europe cycle computer market. Increasing cycling tourism in European countries such as Germany, the UK, France and the Netherlands is fueling the growth of the Europe cycle computer market. Mountain biking, road cycling, family cycling and touring/expedition are the four modes of cycling tourism. As a result, the cycling tourism sector in Europe is expected to adopt the usage for tracking travel data and the safety of their tourist.
Rising environmental consciousness among people regarding environmental problems such as carbon dioxide emission from vehicle fuel combustion, traffic congestion, shortage of parking spaces in urban areas, a significant increase in fuel prices, and increasing awareness about health is the key factors propelling the growth of the Asia-Pacific cycle computer market. High adoption of cycles among the young generation is fueling the growth of the cycle computer market in Asia-Pacific countries.
FIGURE 3: Cycle Computer Market Size By Region 2023 Vs 2032
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Further, the major countries studied in the market report are the U.S., Canada, Mexico, Germany, UK, France, Italy, China, Japan, India, South Korea, Myanmar, Australia, Taiwan, Cambodia, Indonesia, and the Philippines.
The Cycle Computer Market is characterized by the presence of many global, regional, and local vendors. The Cycle Computer Market has witnessed significant growth over the forecast period due to increasing health-consciousness among individuals. There are several domestic, regional, and global players operating in the cycle computer market who continuously strive to gain a significant share of the overall market. During the study, MRFR has analyzed some of the major players in the cycle computer market who have contributed to the market growth. During the study, MRFR has analyzed some of the major players in the cycle computer market who have contributed to the market growth includes Garmin Ltd, CATEYE Co., Ltd, CYCPLUS, SIGMA-ELEKTRO GmbH, Bryton Inc, Polar Electro, Giant Manufacturing Co Ltd, Meilan, Trek bicycle corporation, Wahoo Fitness, iGPSPORT, Stages Cycling, O-synce (Momes GmbH), BBB Cycling, BION INC, LEZYNE, Hammerhead among others.
These players focus on expanding and enhancing their product portfolio and services to remain competitive and increase their customer base. Additionally, these players are focusing on partnerships & collaborations to expand their business and customer base to enhance their market position.
March 2024: Bryton Inc., a company known for creating technology that facilitates cycling, is happy to present the Rider 460 GPS cycle computer. The Rider 460, which makes its debut just before the 2024 Taipei Cycle Show on March 5th, is a bike computer that blends high-end features into an affordable, black-and-white design. Although the Rider 460 may not have many ground-breaking features, its true success is in providing all riders with access to advanced features.
The Rider 460 offers unmatched value and performance with features that were previously only found in expensive color bike computers, like an easy-to-use Graphic User Interface (GUI) that displays climbing information and bar charts that display power or heart rate data. The Intersection Snapshot, which gives riders comprehensive intersection information at a glance, is one of the Rider 460's most prominent features. This feature makes sure that riders can navigate through intricate urban environments with ease and confidence. Beyond its price range, the Rider 460's capabilities are further enhanced by support for E-bike features, Bike Radar, and Smart Trainer Control. These features, which are usually missing from low-cost products, enable riders to improve their riding experience without going over budget.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 607.3 million |
| Market Size 2024 | USD 651.6 million |
| Market Size 2032 | USD 1,015.3 million |
| Compound Annual Growth Rate (CAGR) | 5.7% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019- 2022 |
| Market Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Offering, Application and Bike Type |
| Geographies Covered | Europe, North America, Asia-Pacific, Middle East & Africa, and South America |
| Countries Covered | U.S., Canada, Mexico, Germany, UK, France, Italy, China, Japan, India, South Korea, Myanmar, Australia, Taiwan, Cambodia, Indonesia, and the Philippines. |
| Key Companies Profiled | Garmin Ltd , CATEYE Co., Ltd , CYCPLUS , SIGMA-ELEKTRO GmbH, , Bryton Inc , Polar Electro , Giant Manufacturing Co Ltd , Meilan , Trek bicycle corporation , Wahoo Fitness , iGPSPORT , Stages Cycling , O-synce (Momes GmbH) , BBB Cycling , BION INC , LEZYNE , Hammerhead |
| Key Market Opportunities | Low-cost manufactured products is on rise., Growing demand and increasing adoption of smart cycling products |
| Key Market Dynamics | Increase in health-consciousness among individuals. The need for technologically advanced bike computers is on the rise. |
Frequently Asked Questions (FAQ) :
The Cycle Computer Market size is expected to be valued at USD 607.3 Million in 2023.
The global market is projected to grow at a CAGR of 5.7 % during the forecast period, 2024-2032.
North America had the largest share of the global market.
The key players in the market are Garmin Ltd, CATEYE Co., Ltd, CYCPLUS, SIGMA-ELEKTRO GmbH, Bryton Inc, Polar Electro, Giant Manufacturing Co Ltd, Meilan, Trek bicycle corporation, Wahoo Fitness, iGPSPORT, Stages Cycling, O-synce (Momes GmbH), BBB Cycling, BION INC, LEZYNE, Hammerhead among others.
The mountain bike dominated the market in 2023.
Senior Research Analyst She has over 5 years of rich experience, in market research and consulting providing valuable market insights to client. hands on expertise in management consulting, and extensive knowledge in domain including ict, automotive & transportation and aerospace & defense. she is skilled in go-to market strategy, industry analysis, market sizing, in depth company profiling, competitive intelligence & benchmarking and value chain amongst others.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
