Global Bike Locks market will reach 1518.73 million US$ by the end of 2024

Publisher: QYResearch
Published Date: 2019/10/22

Bike Locks are mainly classified into the following types: U-locks, Chain Locks, Folding Locks, Cable Locks and Other types. U-locks is the most widely used type which takes up about 43.30% of the total in 2018 in Global Market

Based on downstream applications, the market is segmented into OEM and Aftermarket. And OEM was the most widely used area which took up about 72.25% market share in 2018.

The Global Bike Locks market size was 1102.35 M USD in 2018 and it will be 1518.73 M USD in 2024, with a CAGR of 5.49% from 2019 to 2024. In terms of sales volume, the Global Bike Locks market sales was 46155 K Units in 2018 and is expected to reach 64139 K Units by the end of 2024, growing at a CAGR of 5.64% from 2019 to 2024. The Bike Locks average cost is influenced by the global economic trend and price of raw materials.

Europe is the largest region of Bike Locks in Global market in the past few years and it will keep increasing in the next few years. Europe market took up about 37.02% market share in 2018, while APAC and Americans were about 29.58% and 26.50% respectly.

Blackburn Design, Kryptonite Locks, ABUS, OnGuard, TiGr lock, Knog, Master Lock, Seatylock, Litelok, Hiplok DX, Tonyon, Giant, Oxford Products are the key suppliers in the Global Bike Locks market. Blackburn Design, Kryptonite Locks, ABUS, etc. which have leading technology and market position, are well-known suppliers around the world.

Although sales of Bike Locks bring a lot of opportunities, the study group recommends the new entrants who just have money but without technical advantage, raw materials advantage and downstream support, do not enter the Bike Locks field hastily.

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