Market Share of GPS Bike Computers Industry
The GPS bike computers market is moderately consolidated by the existence of international and regional players, resulting in a highly competitive market environment. Some of the leading players in the market include Bryton Inc., CatEye Co. Ltd, Garmin Ltd, Lezyne Inc., Polar Electro Oy, Giant Manufacturing Co. Ltd, MiTAC Holdings Corp., Pioneer Electronics (USA) Inc., and Wahoo Fitness LLC. Many competitors in the market adopted acquisitions and business expansions as their key strategies to develop their geographical foothold and promote their product technologies.
- In April 2019, Garmin acquired Tacx Onroerend en Roerend Goed BV (Tacx), the important manufacturer of indoor bike trainers. It helped Garmin increase its portfolio of high-end indoor bike trainers, accessories, and tools, along with indoor training applications and software.
- In February 2020, Pioneer Corporation signed an agreement to transfer certain assets of its Cycle Sports business to Shimano Inc. Sales of pedaling monitors, cycle computers, and other related products by Pioneer were ceased at the end of March 2020. Pioneer will continue to accept customer inquiries about cycle products and services and provide repair services on Pioneer Cycle Sports products sold before the asset transfer per the terms of any applicable product warranties.
GPS Bike Computers Market Leaders
Garmin Ltd
Lezyne Inc.
Polar Electro Oy
Bryton Inc
CatEye Co. Ltd
*Disclaimer: Major Players sorted in no particular order
