The Bicycle Telematics Market in Europe and North America 1st Edition

The Bicycle Telematics Market in Europe and North America 1st Edition

The Bicycle Telematics Market in Europe and North America is the first strategy report from Berg Insight analysing the latest developments on the OEM and aftermarket bicycle telematics markets. This strategic research report from Berg Insight provides you with 45 pages of unique business intelligence including 5-year industry forecasts and expert commentary on which to base your business decisions.

The Bicycle Telematics Market in Europe and North America 1st Edition

Telematics is a broad term that may be applied to a wide range of vehicle connectivity solutions.Berg Insight’s definition of a telematics system in this report is an automatic system designed forany bicycle that incorporates some form of cellular communications. The adoption of telematicssystems in the bicycle industry has picked up speed in the past few years. There are bothaftermarket and OEM telematics solutions available on the market. The main use case for bicycletelematics systems is stolen vehicle tracking and theft prevention. Bicycle theft is a growingconcern and millions of bicycles are stolen every year in Europe and North America. BicycleOEMs also offer services such as vehicle diagnostics and maintenance services, roadsideassistance services, connected navigation, crash detection services as well as over-the-airupdates. In the aftermarket segment, stolen vehicle tracking services are increasingly common.

At the end of 2023, there were an estimated 1.56 million active bicycle telematics systemsincluding both the OEM and aftermarket segments in Europe. Growing at a CAGR of 17.3percent, the number of active bicycle telematics systems is expected to reach 3.46 million by2028. Yearly shipments of aftermarket and OEM telematics systems are moreover expected toreach 1.17 million in Europe in 2028, up from 0.42 million in 2023. The North American market isstill far behind Europe, but is expected to grow rapidly in the coming years. The total number of active telematics systems in use including both the OEM and aftermarket segments reached 90,000 in North America by year-end 2023. Growing at a CAGR of 34.4 percent, this number is expected to reach 394,000 by 2028. Yearly shipments of aftermarket and OEM telematics systems are expected to reach 169,000 in North America in 2028, up from 45,000 in 2023.

Examples of bicycle OEMs offering telematics services include Ampler Bikes from Estonia; Canyon Bicycles, Riese & Müller and Urtopia from Germany; Cowboy and Stella from Belgium; Gaya from France; Gazelle, Urban Arrow, Van Moof and Sparta from the Netherlands; as well as QuietKat from the US. Leading telematics service providers include Comodule, Conneqtech, IoT Venture, Velco and PowUnity. Other providers serving the market include Bosch, Haveltec, BikeFinder, Trackap, Tracefy, Boomerang Bike, Leopard Tech, ConnectLab and Boréal Bikes. Many telematics service providers offer a combination of OEM and aftermarket solutions while some focus on one of the segments. Telematics service providers moreover provide different forms of telematics services ranging from relatively simple tracking services to full telematics systems enabling a wide range of features.