Dublin, May 06, 2025 (GLOBE NEWSWIRE) -- The "GPS Bike Computers - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for GPS Bike Computers was valued at US$1.2 Billion in 2024 and is projected to reach US$1.7 Billion by 2030, growing at a CAGR of 5% from 2024 to 2030.
This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The report includes the most recent global tariff developments and how they impact the GPS Bike Computers market.
What Factors Are Driving the Growth of the GPS Bike Computer Market?
Several key factors are driving the growth of the GPS bike computer market, including the increasing popularity of cycling as a fitness and transportation option, the rise of competitive cycling and endurance events, technological advancements, and the growing focus on safety and performance tracking.
First, the global surge in cycling, both as a form of exercise and as an eco-friendly mode of transportation, is a major factor fueling the demand for GPS bike computers. As more people adopt cycling as part of a healthier lifestyle or as a means to reduce their carbon footprint, the need for devices that enhance the cycling experience, such as GPS bike computers, is growing. These devices help cyclists track their rides, monitor their fitness, and explore new routes with ease.
Second, the rise of competitive cycling and endurance events, such as road races, triathlons, and Gran Fondos, is contributing to the increasing demand for GPS bike computers. Athletes and cycling enthusiasts use these devices to monitor their performance during training sessions and races, allowing them to analyze data such as speed, power output, and heart rate. The ability to measure and optimize these metrics is critical for competitive cyclists looking to gain an edge in their sport.
Moreover, the growing popularity of virtual cycling platforms, such as Zwift, which integrate with GPS bike computers, is encouraging more cyclists to invest in high-performance devices that can enhance their training and racing experience.
Technological advancements in GPS accuracy, sensor integration, and battery life are also driving the market. As GPS bike computers become more accurate and feature-rich, cyclists are increasingly seeing the value in upgrading from basic cycling computers to advanced models that offer multi-band GNSS support, barometric altimeters, and connectivity with external sensors. These advancements have made GPS bike computers more versatile and reliable, appealing to a broader range of cyclists, from casual riders to elite athletes. The availability of features like power meter compatibility, heart rate monitoring, and real-time navigation further boosts the appeal of these devices.
The growing focus on safety and performance tracking is another significant factor driving the adoption of GPS bike computers. With more cyclists prioritizing safety on the road, features such as incident detection, crash alerts, and live tracking are becoming increasingly important. Cyclists who ride alone, whether in urban settings or remote areas, appreciate the added security provided by these safety features.
Moreover, the ability to track and analyze performance data is becoming a key motivator for cyclists of all levels, as they seek to improve their fitness and riding skills. The rise of social and competitive platforms like Strava, where cyclists can share and compare ride data, is further driving the demand for GPS bike computers with robust performance tracking capabilities.
Additionally, the trend towards connectivity and smart devices is influencing the GPS bike computer market. Cyclists now expect their bike computers to seamlessly integrate with other devices, such as smartphones, power meters, heart rate monitors, and fitness apps. The ability to sync ride data to platforms like Garmin Connect, TrainingPeaks, and Strava for detailed analysis and social sharing has become a standard expectation, making connectivity a key selling point for modern GPS bike computers.
In conclusion, the growth of the GPS bike computer market is driven by the rising popularity of cycling, the demand for competitive performance tracking, advancements in GPS and sensor technology, and the increasing focus on cyclist safety and connectivity. As more cyclists prioritize performance improvement, safety, and navigation, GPS bike computers will continue to play a central role in enhancing the cycling experience, making them an essential tool for cyclists of all levels.
Report Scope
The report analyzes the GPS Bike Computers market, presented in terms of units. The analysis covers the key segments and geographic regions outlined below.
Segments: Product Type (Non-Mapping, Mapping); End-Use (Fitness & Commuting, Athletics & Sports).
Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Non-Mapping Computers segment, which is expected to reach US$1.1 Billion by 2030 with a CAGR of a 5.3%. The Mapping Computers segment is also set to grow at 4.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $342.1 Million in 2024, and China, forecasted to grow at an impressive 4.7% CAGR to reach $263.2 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Bryton, Inc., CatEye Co., Ltd., CooSpo CO., Ltd., EcoTrack Fleet Management LLC, Garmin Ltd. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Tariff Impact Analysis: Key Insights for 2025
Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.
The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.
What's Included in This Edition:
- Tariff-adjusted market forecasts by region and segment
- Analysis of cost and supply chain implications by sourcing and trade exposure
- Strategic insights into geographic shifts
Buyers receive a free July 2025 update with:
- Finalized tariff impacts and new trade agreement effects
- Updated projections reflecting global sourcing and cost shifts
- Expanded country-specific coverage across the industry
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 194 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $1.2 Billion |
| Forecasted Market Value (USD) by 2030 | $1.7 Billion |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Global Economic Update
- GPS Bike Computers - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Rising Popularity of Fitness and Cycling Drives Demand for GPS Bike Computers
- Growth in Connected Devices and Wearables Expands Market for GPS Bike Computers
- Impact of Health and Fitness Trends on Cycling and GPS Bike Computer Sales
- Role of GPS Bike Computers in Enhancing Safety and Navigation for Cyclists
- Market Opportunities in Adventure Tourism and Long-distance Cycling
- Integration of GPS Bike Computers with Fitness Apps and Social Media Platforms
- Future Directions: Development of Multi-sport GPS Computers for Broader Applications
- Role of GPS Bike Computers in Competitive Cycling and Training Optimization
FOCUS ON SELECT PLAYERS
- Bryton, Inc.
- CatEye Co., Ltd.
- CooSpo CO., Ltd.
- EcoTrack Fleet Management LLC
- Garmin Ltd.
- Pacific Cycles, Inc.
- Shanren International Co., Limited
- Wahoo Fitness
For more information about this report visit https://www.researchandmarkets.com/r/1nui8u
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