Smart Bicycles Market to Witness Steady Growth Through 2023
Smart Bicycles Market to Witness Steady Growth Through 2023
BriefingWire.com, 5/05/2021 -
The market research report includes a detailed segmentation of the smart bicycles market by components(e-Bike Lock, Anti-theft Features, smart bike monitoring system, custom sensors, and battery), by ride-sharing services(dockless, docked, and hybrid), by regions (Americas, APAC and EMEA). The market research report identifies Google, Mobike, OFO, Giant Bicycles, Beeline, oBike, Velospot, XBikes, and BCycle as the major vendors operating in the smart bicycles market.
Trends market research predicts that the smart bicycles market revenue is expected to reach $416.4 million by 2023 during the forecast period 2017â2023. Among the components segment, the smart bicycle ownerâs average spending is around 12% of the cost of the vehicle to enable smart components on it. The e-bike lock system is expected to grow at a CAGR of 8.0% during the forecast period to reach revenue of $123.1 million by 2023.