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)

Description

The global smart bicycle accessories market is on the brink of substantial growth as countries increasingly embrace green energy solutions and sustainable transportation methods. Recent advancements in electric and solar vehicles have significantly enhanced the appeal of smart bicycles, driving demand for their accessories. A report from Fairfield Market Research projects that the smart bicycle accessories market will grow at a compound annual growth rate (CAGR) of approximately 10.1% from 2024 to 2031.

Market Drivers:

Sustainability and Urbanization

The rising environmental awareness and the urgent need for sustainable transportation options are key factors propelling the smart bicycle accessories market. As more individuals seek eco-friendly alternatives to traditional vehicles, bicycles-particularly electric and smart bicycles-are gaining popularity. This trend aligns with global initiatives aimed at reducing greenhouse gas emissions and mitigating climate change.

Urbanization is another crucial driver. The increasing population density in urban areas has exacerbated traffic congestion, leading more commuters to opt for bicycles as their primary mode of transportation. Smart bicycle accessories, including power monitors, smart lights, and onboard computers, enhance the convenience, safety, and efficiency of cycling for urban commuters.

Technological Advancements and Innovations

At the core of the smart bicycle accessories market's expansion is technological innovation. Accessories such as smart power meters, locks, and onboard computers are revolutionizing the cycling experience by improving safety, comfort, and performance tracking. In 2018, smart power monitors constituted over 50% of total sales, indicating a growing interest among professional cyclists and fitness enthusiasts in tracking training intensity.

With the ongoing development of wireless technology and 5G networks, the market is experiencing increased investment in product innovation. For instance, in 2019, SmartHalo Technologies Inc. introduced SmartHalo 2, a next-generation bike computer that includes features like navigation, anti-theft alarms, fitness tracking, and a visual speedometer. These advancements position cycling not just as a mode of transportation but as 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 dominate the market, the rise of online shopping is reshaping the landscape. The Fairfield Market Research report anticipates a year-over-year increase of 6.6% in online sales, as manufacturers adopt an omnichannel approach to expand their customer base.

Additionally, companies are broadening their product lines by introducing innovative accessories. Key players such as Garmin Ltd., Robert Bosch GmbH, and Sigma Sport are investing in new technologies to meet the increasing 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 heightened awareness of environmental sustainability and the widespread adoption of innovative transportation solutions. Governments in these regions are actively encouraging cycling as a means to alleviate traffic congestion and reduce emissions. Initiatives like bike-share programs and dedicated cycling lanes further bolster the demand for smart bicycle accessories.

In South Asia, the market is experiencing notable growth, particularly among health-conscious urban populations who are increasingly embracing cycling. 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 tap into 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:
- oSpecialty Bicycle Retailers
- oFull-Line Sporting Goods Stores
- oDepartment Stores & Others
Online

Region:

North America
Latin America
Europe
Middle East and Africa (MEA)
East Asia
Oceania

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