Smart Bicycle Accessories Market: Soaring Investment Addressing Safety Gains Prominence

Published on : Sep 27, 2019

Albany, New York, September 27, 2019: Disruptive technologies have ushered greener, faster and cheaper transportation options in an epoch of smart mobility. Manufacturers are offering ultra-innovative bikes with on-board technology and a patented security system, thereby making bikes and stations highly secured. In a bid to provide the best digital and cycling experience, companies are allowing users to unlock a bicycle directly from the handlebar.

These insights are according to the intelligence report, titled, “Global Market Study on Smart Bicycle Accessories—a Safer Ride to the Future,” which has been of late added to Market Research Reports Search Engine’s (MRH) ever-expanding repository.

Bicycle commuting has been on the upswing in Europe and in cities with flat terrain and miles of bike lanes. However, safety has been the main roadblock to increased bike commuting globally.  Meanwhile, a few of the European cities have received accolades for presenting innovative ways to deal with the barrier. For instance, in Copenhagen, bicycle safety has propelled owing to intersection with dedicated bicycle traffic lights, thorough regional bike planning approach, and wider bike lanes in congested areas. Increasing investment in these infrastructures is expected to fuel growth in smart bicycle accessories market.

As stakeholders construct bike lanes, new signage and traffic signals, cities vie to reap benefit from emerging technologies to enhance their biking infrastructure. Accordingly, cities such as Chicago are using micro-radar to count passing cyclists on some of its transportation routes. Virginia uses real-time bike counters on several of its trails. In Copenhagen, LED lights have been embedded in the pavement in a bid to alert cyclists to maintain speed.

Rising investment in smart bicycle and linking bike commuting to public health have had bearing on the growth of smart bicycle accessories in North America and Europe. Moreover, these developed regions have been providing tax incentives to boost bike commuting. Besides, stakeholders are buoyed by growing traction for smart bicycle in Asia as building smart biking infrastructure and bikesharing programs have enthused confidence among cyclists.

Smart Bicycle Accessories Market: Report Synopsis

Quantitative and qualitative assessment exhort intelligence and overarching report on the smart bicycle accessories market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the smart bicycle accessories market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on smart bicycle accessories.

An insightful and deep-dive assessment of the competitive assessment of the smart bicycle accessories market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the smart bicycle accessories market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.

Smart Bicycle Accessories Market: Research Methodology

Primary sources and secondary sources propel intelligence report on smart bicycle accessories market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst. Report on smart bicycle accessories market further acknowledges secondary sources-namely-Factiva, EC filing, press release, trade journals, resourceful database and governmental websites.

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