Smart Bicycle Accessories Market - Global Benzyl Chloride Industry Analysis, Size, Share, Growth, Trends, and Forecast 2024-2031- (By Derivatives Coverage, By Geographic Coverage and By Company)
The global smart bicycle accessories market is set for substantial growth as countries embrace green energy solutions and sustainable transportation. Recent advancements in electric and solar-powered vehicles have significantly propelled the development of smart bicycles, boosting demand for their accessories. According to a report from Fairfield Market Research, the smart bicycle accessories market is projected to grow at a compound annual growth rate (CAGR) of approximately 10.1% from 2024 to 2031.
Market Drivers:
Sustainability and Urbanization
Rising environmental awareness and the demand for sustainable transportation are key drivers of growth in the smart bicycle accessories market. As more individuals seek eco-friendly alternatives to automobiles, bicycles—particularly electric and smart models—are gaining traction. This trend aligns with global initiatives aimed at reducing greenhouse gas emissions and combating climate change.
Urbanization also plays a significant role in this shift. Increased population density in urban areas has led to heightened traffic congestion, prompting commuters to choose bicycles for their daily travel. Smart bicycle accessories, such as power monitors, smart lights, and onboard computers, enhance the convenience, safety, and efficiency of cycling for urban commuters.
Technological Advancements and Innovations
Technological innovation is central to the expansion of the smart bicycle accessories market. Accessories like smart power meters, locks, and onboard computers are revolutionizing the cycling experience by enhancing safety, comfort, and performance tracking. In 2018, smart power monitors accounted for over 50% of total sales, reflecting the growing interest among professional cyclists and fitness enthusiasts in monitoring their training intensity.
With the ongoing expansion of wireless technology and 5G networks, investment in product innovation is on the rise. For example, in 2019, SmartHalo Technologies Inc. launched the SmartHalo 2, a next-generation bike computer equipped with features like navigation, anti-theft alarms, fitness tracking, and a visual speedometer. These advancements transform cycling from a mere mode of transportation into a comprehensive fitness and lifestyle experience.
Business Opportunities:
Growth in Online Sales and New Product Launches
While traditional sales channels such as specialty bicycle retailers and sporting goods stores continue to thrive, the increasing trend of online shopping is reshaping the market landscape. The Fairfield Market Research report forecasts a year-over-year sales growth of 6.6% through online platforms, as manufacturers adopt an omnichannel approach to broaden their customer reach.
Moreover, companies are expanding their product lines by introducing innovative accessories. Major players such as Garmin Ltd., Robert Bosch GmbH, and Sigma Sport are investing in new technologies to meet the rising demand for smart helmets, sensors, and GPS-enabled devices.
Regional Insights:
North America, Europe, and South Asia Lead the Market
North America and Europe are at the forefront of the smart bicycle accessories market, driven by increased awareness of environmental sustainability and the widespread adoption of innovative transportation solutions. Governments in these regions are actively promoting cycling as a way to alleviate traffic congestion and reduce emissions, with initiatives like bike-share programs and dedicated cycling lanes further boosting demand.
In South Asia, the market is experiencing significant growth, particularly among health-conscious urban populations where cycling is becoming more popular. Sales in this region are projected to grow by approximately 9% year-over-year in 2019, as manufacturers focus on collaborations with regional and local players to capitalize on this expanding market.
Key Players:
Prominent companies leading the smart bicycle accessories market include:
• Garmin Ltd.
• Robert Bosch GmbH
• Sigma Sport
• Polar Electro
• Pioneer Corporation
• Sena Technologies, Inc.
• Linka
• LIVALL
• Vanhawks Inc.
• Wuhan Qiwu Technology Co., Ltd.
Smart Bicycle Accessories Market – Segmentation:
Product:
• Smart Helmets
• Smart Gloves
• Smart Locks
• Smart Lights
• Smart Sensors
• Smart Bicycle Computers & Navigators
• Smart Power Meters
Sales Channel:
• Offline:
Specialty Bicycle Retailers
Full-Line Sporting Goods Stores
Department Stores & Others
• Online
Region:
• North America
• Latin America
• Europe
• Middle East and Africa (MEA)
• East Asia
• Oceania
Please note: Delivery Timelines - 5 working days.
- 1. Executive Summary
- 1.1. Global Smart Bicycle Accessories Market Snapshot
- 1.2. Future Projections
- 1.3. Key Market Trends
- 1.4. Regional Snapshot, by Value and Volume, 2024
- 1.5. Analyst Recommendations
- 2. Market Overview
- 2.1. Market Definitions and Segmentations
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
- 2.3. Value Chain Analysis
- 2.4. Porter’s Five Forces Analysis
- 2.5. COVID-19 Impact Analysis
- 2.6. PESTLE Analysis
- 3. Price Analysis, 2019 - 2023
- 3.1. Global Average Price Analysis, by Product Type, US$ Per Unit, 2019 - 2023
- 3.2. Prominent Factor Affecting Personal Emergency Response Systems Prices
- 3.3. Global Average Price Analysis, by Region, US$ Per Unit
- 4. Global Smart Bicycle Accessories Market Outlook, 2019 - 2031
- 4.1. Global Smart Bicycle Accessories Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 4.1.1. Key Highlights
- 4.1.1.1. Smart Helmets
- 4.1.1.2. Smart Gloves
- 4.1.1.3. Smart Locks
- 4.1.1.4. Smart Lights
- 4.1.1.5. Smart Sensors
- 4.1.1.6. Smart Bicycle Computers & Navigators
- 4.1.1.7. Smart Power Meters
- 4.2. Global Smart Bicycle Accessories Market Outlook, by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 4.2.1. Key Highlights
- 4.2.1.1. Offline
- 4.2.1.1.1. Specialty Bicycle Retailers
- 4.2.1.1.2. Full-Line Sporting Goods Stores
- 4.2.1.1.3. Department Stores & Others
- 4.2.1.2. Online
- 4.3. Global Smart Bicycle Accessories Market Outlook, by Region, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 4.3.1. Key Highlights
- 4.3.1.1. North America
- 4.3.1.2. Europe
- 4.3.1.3. Asia Pacific
- 4.3.1.4. Latin America
- 4.3.1.5. Middle East & Africa
- 5. North America Smart Bicycle Accessories Market Outlook, 2019 - 2031
- 5.1. North America Smart Bicycle Accessories Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 5.1.1. Key Highlights
- 5.1.1.1. Smart Helmets
- 5.1.1.2. Smart Gloves
- 5.1.1.3. Smart Locks
- 5.1.1.4. Smart Lights
- 5.1.1.5. Smart Sensors
- 5.1.1.6. Smart Bicycle Computers & Navigators
- 5.1.1.7. Smart Power Meters
- 5.2. North America Smart Bicycle Accessories Market Outlook, by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 5.2.1. Key Highlights
- 5.2.1.1. Offline
- 5.2.1.1.1. Specialty Bicycle Retailers
- 5.2.1.1.2. Full-Line Sporting Goods Stores
- 5.2.1.1.3. Department Stores & Others
- 5.2.1.2. Online
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
- 5.3. North America Smart Bicycle Accessories Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 5.3.1. Key Highlights
- 5.3.1.1. U.S. Smart Bicycle Accessories Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 5.3.1.2. U.S. Smart Bicycle Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 5.3.1.3. Canada Smart Bicycle Accessories Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 5.3.1.4. Canada Smart Bicycle Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis
- 6. Europe Smart Bicycle Accessories Market Outlook, 2019 - 2031
- 6.1. Europe Smart Bicycle Accessories Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.1.1. Key Highlights
- 6.1.1.1. Smart Helmets
- 6.1.1.2. Smart Gloves
- 6.1.1.3. Smart Locks
- 6.1.1.4. Smart Lights
- 6.1.1.5. Smart Sensors
- 6.1.1.6. Smart Bicycle Computers & Navigators
- 6.1.1.7. Smart Power Meters
- 6.2. Europe Smart Bicycle Accessories Market Outlook, by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.2.1. Key Highlights
- 6.2.1.1. Offline
- 6.2.1.1.1. Specialty Bicycle Retailers
- 6.2.1.1.2. Full-Line Sporting Goods Stores
- 6.2.1.1.3. Department Stores & Others
- 6.2.1.2. Online
- 6.2.2. Attractiveness Analysis
- 6.3. Europe Smart Bicycle Accessories Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.3.1. Key Highlights
- 6.3.1.1. Germany Smart Bicycle Accessories Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.3.1.2. Germany Smart Bicycle Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.3.1.3. U.K. Smart Bicycle Accessories Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.3.1.4. U.K. Smart Bicycle Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.3.1.5. France Smart Bicycle Accessories Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.3.1.6. France Smart Bicycle Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.3.1.7. Italy Smart Bicycle Accessories Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.3.1.8. Italy Smart Bicycle Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.3.1.9. Turkey Smart Bicycle Accessories Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.3.1.10. Turkey Smart Bicycle Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.3.1.11. Russia Smart Bicycle Accessories Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.3.1.12. Russia Smart Bicycle Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.3.1.13. Rest of Europe Smart Bicycle Accessories Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.3.1.14. Rest of Europe Smart Bicycle Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis
- 7. Asia Pacific Smart Bicycle Accessories Market Outlook, 2019 - 2031
- 7.1. Asia Pacific Smart Bicycle Accessories Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.1.1. Key Highlights
- 7.1.1.1. Smart Helmets
- 7.1.1.2. Smart Gloves
- 7.1.1.3. Smart Locks
- 7.1.1.4. Smart Lights
- 7.1.1.5. Smart Sensors
- 7.1.1.6. Smart Bicycle Computers & Navigators
- 7.1.1.7. Smart Power Meters
- 7.2. Asia Pacific Smart Bicycle Accessories Market Outlook, by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.2.1. Key Highlights
- 7.2.1.1. Offline
- 7.2.1.1.1. Specialty Bicycle Retailers
- 7.2.1.1.2. Full-Line Sporting Goods Stores
- 7.2.1.1.3. Department Stores & Others
- 7.2.1.2. Online
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
- 7.3. Asia Pacific Smart Bicycle Accessories Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1. Key Highlights
- 7.3.1.1. China Smart Bicycle Accessories Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1.2. China Smart Bicycle Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1.3. Japan Smart Bicycle Accessories Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1.4. Japan Smart Bicycle Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1.5. South Korea Smart Bicycle Accessories Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1.6. South Korea Smart Bicycle Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1.7. India Smart Bicycle Accessories Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1.8. India Smart Bicycle Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1.9. Southeast Asia Smart Bicycle Accessories Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1.10. Southeast Asia Smart Bicycle Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1.11. Rest of Asia Pacific Smart Bicycle Accessories Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.1.12. Rest of Asia Pacific Smart Bicycle Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis
- 8. Latin America Smart Bicycle Accessories Market Outlook, 2019 - 2031
- 8.1. Latin America Smart Bicycle Accessories Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.1.1. Key Highlights
- 8.1.1.1. Smart Helmets
- 8.1.1.2. Smart Gloves
- 8.1.1.3. Smart Locks
- 8.1.1.4. Smart Lights
- 8.1.1.5. Smart Sensors
- 8.1.1.6. Smart Bicycle Computers & Navigators
- 8.1.1.7. Smart Power Meters
- 8.2. Latin America Smart Bicycle Accessories Market Outlook, by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.2.1. Key Highlights
- 8.2.1.1. Offline
- 8.2.1.1.1. Specialty Bicycle Retailers
- 8.2.1.1.2. Full-Line Sporting Goods Stores
- 8.2.1.1.3. Department Stores & Others
- 8.2.1.2. Online
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
- 8.3. Latin America Smart Bicycle Accessories Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.3.1. Key Highlights
- 8.3.1.1. Brazil Smart Bicycle Accessories Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.3.1.2. Brazil Smart Bicycle Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.3.1.3. Mexico Smart Bicycle Accessories Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.3.1.4. Mexico Smart Bicycle Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.3.1.5. Argentina Smart Bicycle Accessories Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.3.1.6. Argentina Smart Bicycle Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.3.1.7. Rest of Latin America Smart Bicycle Accessories Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.3.1.8. Rest of Latin America Smart Bicycle Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis
- 9. Middle East & Africa Smart Bicycle Accessories Market Outlook, 2019 - 2031
- 9.1. Middle East & Africa Smart Bicycle Accessories Market Outlook, by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.1.1. Key Highlights
- 9.1.1.1. Smart Helmets
- 9.1.1.2. Smart Gloves
- 9.1.1.3. Smart Locks
- 9.1.1.4. Smart Lights
- 9.1.1.5. Smart Sensors
- 9.1.1.6. Smart Bicycle Computers & Navigators
- 9.1.1.7. Smart Power Meters
- 9.2. Middle East & Africa Smart Bicycle Accessories Market Outlook, by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.2.1. Key Highlights
- 9.2.1.1. Offline
- 9.2.1.1.1. Specialty Bicycle Retailers
- 9.2.1.1.2. Full-Line Sporting Goods Stores
- 9.2.1.1.3. Department Stores & Others
- 9.2.1.2. Online
- 9.2.2. BPS Analysis/Market Attractiveness Analysis
- 9.3. Middle East & Africa Smart Bicycle Accessories Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.3.1. Key Highlights
- 9.3.1.1. GCC Smart Bicycle Accessories Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.3.1.2. GCC Smart Bicycle Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.3.1.3. South Africa Smart Bicycle Accessories Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.3.1.4. South Africa Smart Bicycle Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.3.1.5. Egypt Smart Bicycle Accessories Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.3.1.6. Egypt Smart Bicycle Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.3.1.7. Nigeria Smart Bicycle Accessories Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.3.1.8. Nigeria Smart Bicycle Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.3.1.9. Rest of Middle East & Africa Smart Bicycle Accessories Market by Product Type, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.3.1.10. Rest of Middle East & Africa Smart Bicycle Accessories Market by Sales Channel, Value (US$ Bn) and Volume (Units), 2019 - 2031
- 9.3.2. BPS Analysis/Market Attractiveness Analysis
- 10. Competitive Landscape
- 10.1. Company Market Share Analysis, 2024
- 10.2. Competitive Dashboard
- 10.3. Company Profiles
- 10.3.1. Garmin Ltd.
- 10.3.1.1. Company Overview
- 10.3.1.2. Product Portfolio
- 10.3.1.3. Financial Overview
- 10.3.1.4. Business Strategies and Development
- 10.3.2. Polar Electro
- 10.3.2.1. Company Overview
- 10.3.2.2. Product Portfolio
- 10.3.2.3. Financial Overview
- 10.3.2.4. Business Strategies and Development
- 10.3.3. Pioneer Corporation
- 10.3.3.1. Company Overview
- 10.3.3.2. Product Portfolio
- 10.3.3.3. Financial Overview
- 10.3.3.4. Business Strategies and Development
- 10.3.4. Assize Technology Co., Ltd.
- 10.3.4.1. Company Overview
- 10.3.4.2. Product Portfolio
- 10.3.4.3. Financial Overview
- 10.3.4.4. Business Strategies and Development
- 10.3.5. Robert Bosch GmbH
- 10.3.5.1. Company Overview
- 10.3.5.2. Product Portfolio
- 10.3.5.3. Financial Overview
- 10.3.5.4. Business Strategies and Development
- 10.3.6. Sena Technologies, Inc.
- 10.3.6.1. Company Overview
- 10.3.6.2. Product Portfolio
- 10.3.6.3. Financial Overview
- 10.3.6.4. Business Strategies and Development
- 10.3.7. Linka, LIVALL
- 10.3.7.1. Company Overview
- 10.3.7.2. Product Portfolio
- 10.3.7.3. Financial Overview
- 10.3.7.4. Business Strategies and Development
- 10.3.8. Vanhawks Inc.
- 10.3.8.1. Company Overview
- 10.3.8.2. Product Portfolio
- 10.3.8.3. Financial Overview
- 10.3.8.4. Business Strategies and Development
- 10.3.9. Pioneer Corporation
- 10.3.9.1. Company Overview
- 10.3.9.2. Product Portfolio
- 10.3.9.3. Financial Overview
- 10.3.9.4. Business Strategies and Development
- 10.3.10. Others
- 10.3.10.1. Company Overview
- 10.3.10.2. Product Portfolio
- 10.3.10.3. Financial Overview
- 10.3.10.4. Business Strategies and Development
- 11. Appendix
- 11.1. Research Methodology
- 11.2. Report Assumptions
- 11.3. Acronyms and Abbreviations
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