Increase in the penetration of smartphones and tablets in the developed as well as developing economies is expected to influence the size of the biometric bike locks market in the coming years.
The biometric bike locks are paired with the application present in the smartphone, which authorizes the rider and unlocks the bike. With the pervasive use of smartphones and tablets, there has been a meteoric rise in the demand for biometric bike locks to ensure the safety of the bikes.
In addition, a notable rise in the disposable income of consumers has encouraged them to shift to premium products, which in turn is expected to influence the size of the biometric bike locks market.
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Biometric Bike Locks Market: Segmentation
The global Biometric Bike Locks market can be segmented as:
Segmentation of the biometric bike locks market on the basis of Bike Type:
- Mountain Bike
- Hybrid/Comfort Bike
- Road Bike
- Others (Touring Bikes, Adventure Road Bikes etc.)
Segmentation of the Biometric Bike Locks market on the basis of Lock Type:
- Cable Biometric Bike Lock
- U Biometric Bike Lock
- Others
Due to flexibility and low price, the U biometric bike lock sub-segment is projected to hold largest market share in the biometric bike locks market. The cable biometric bike lock sub-segment is expected to grow at more than 8% CAGR during the forecast period in the global biometric bike lock market.
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Provided for Major Regions as Follows:-
North America (USA, Canada and Mexico)
Europe (Germany, France, the United Kingdom, Netherlands, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, rest of countries, etc.)
Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Nigeria, and South Africa)
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List of the Leading Companies Profiled in the keyword Market are:
Significant players operating in the biometric bike locks market include Narrative Content Group, Grasp Locks, Skylock, Bitlock, Lattis, LINKA, Ulock, Looplock, Mobilock and Deeper UAB.
The key players of the biometric bike locks market have been sustaining their positions by entering into strategic mergers and acquisitions and launching novel products. Below are some of the key developments by the market players:
Key Data Points Covered in the Report :-
- Elaborated scenario of the parent market
- Transformations in the market dynamics
- Detailed segmentation of the target market
- Historical, current and forecast market size based on value and volume
- Latest industry developments and trends
- Competition landscape
- Strategies adopted by the market players and product developments made
- Potential and niche segments, along with their regional analysis
- Unbiased analysis on performance of the market
- Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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