LONDON–(BUSINESS WIRE)–The GPS bike computers market is expected to grow by USD 174.53 million during 2020-2024, expanding at a CAGR of almost 5%. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth.
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GPS Bike Computers Market: Growing adoption of smart cycling products to drive growth
Rising health consciousness and growing awareness of smart wearables are factors encouraging vendors to introduce innovative products to attract consumers. For instance, Garmin International launched Edge 1030, a high-end cycling GPS bike computer that offers a combination of enhanced navigation, performance, and cycling awareness. It has a lightweight design