Bicycle infotainment system is the technology that provides information, entertainment as well as communication to rider while riding or travelling. Bicycle infotainment system also provides bicycle to bicycle communication. Bicycle to bicycle communication involves transmission and exchange of information among riders through installed infotainment devices on the bicycle independent of the location. The infotainment device may be built in or portable.
Increasing usage of bicycle in developed economies, changing lifestyle habits & preferences, and recent technological developments in infotainment systems are the major factors propelling the market growth. In addition, raising installations of healthcare infotainment systems and health are the other factor boosting the market growth. On the other hand, higher costs for raw material is hindering the market growth. 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.
The Global Bicycle Infotainment System Market touched xxx million USD with a CAGR xx % from 2015-2019 around the world. In the future, it is predicted to reach xxx million USD in 2020 with a CAGR xx % from 2020 - 2026.
As the report focuses on global Bicycle Infotainment System Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.
In Market segmentation by manufacturers, the report covers the following companies-
Garmin
Wahoo Fitness
Polar
Magellan
Sena Technologies
Cateye
In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types covers:
Wearable Kits
On-Board Kits
In Market segmentation by applications :
Road Bike
Mountain Bike
Others
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Bicycle Infotainment System Market for the forecast period 2020 - 2026?
• What are the driving forces in the Bicycle Infotainment System Market for the forecast period 2020 - 2026?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Bicycle Infotainment System industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?