Pune, April 26, 2022 (GLOBE NEWSWIRE) -- The global bicycle locks market is driven by increasing number of bicycles and the value they hold, as bicycles are more prone to theft. On an average approximately 188,000 bicycles are stolen in U.S. Similar trends are seen in European region where there is an increase of 9% in bicycle thefts. Moreover, bicycle commuting is more prevalent than the national average in geographies which are home to large college or university populations including Davis, California, where almost 20% of workers say they commute by bicycle and Boulder, Colorado where 10.4% workers say they commute by bicycle.
Bicycle locks Market by Region
By geography, the global bicycle locks market is segmented into North America, Europe, Asia Pacific, and Rest of World (ROW). Europe dominated the market of bicycle locks, followed by North America and Asia Pacific. Europe will continue to dominate the global bicycle lock market in the forecast period owing to factors such increasing bicycle commuting, rising demand and safety concerns of riders. However, Asia Pacific is expected to witness the highest CAGR, with the growth in this market centered at China, Korea, Japan and India. Factors such as increasing adoption of technological advanced bike locks in countries such as China and Japan and increasing demand from the Southeast Asia region, increase in the number of cyclist who pedal to work is also rising contributing to the bicycle locks market.
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COMPANY PROFILES (Business Overview, Products Offered, Financial Performance*, Recent Developments)
- Allegion plc
- ABUS (August Bremicker Sons KG)
- OnGuard
- Master Lock Company
- Giant Bicycles
- Blackburn
- Stanton Concept LLC
- LATTIS
- Oxford Products Ltd
- Hiplok
Vendor Assessment
Vendor assessment includes a deep analysis of how vendors are addressing the demand in the Bicycle locks Market. The MDC Competetive Scape model was used to assess qualitative and quantitative insights in this assessment. MDC's Competitive Scape is a structured method for identifying key players and outlining their strengths, relevant characteristics, and outreach strategy. MDC's Competitive Scape allows organizations to analyze the environmental factors that influence their business, set goals, and identify new marketing strategies. MDC Research analysts conduct a thorough investigation of vendors' solutions, services, programs, marketing, organization size, geographic focus, type of organization and strategies.
Technology Assessment
Technology dramatically impacts business productivity, growth and efficiency.Technologies can help companies develop competitive advantages, but choosing them can be one of the most demanding decisions for businesses. Technology assessment helps organizations to understand their current situation with respect to technology and offer a roadmap where they might want to go and scale their business. A well-defined process to assess and select technology solutions can help organizations reduce risk, achieve objectives, identify the problem, and solve it in the right way. Technology assessment can help businesses identify which technologies to invest in, meet industry standards, compete against competitors.
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Business Ecosystem Analysis
Advancements in technology and digitalization have changed the way companies do business; the concept of a business ecosystem helps businesses understand how to thrive in this changing environment. Business ecosystems provide organizations with opportunities to integrate technology in their daily business operations and improve research and business competency. The business ecosystem includes a network of interlinked companies that compete and cooperate to increase sales, improve profitability, and succeed in their markets. An ecosystem analysis is a business network analysis that includes the relationships amongst suppliers, distributors, and end-users in delivering a product or service.
Regions and Countries Covered
North America (US, Canada), Europe (Germany, UK, France, Spain, Italy, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, Rest of Asia-Pacific), and Rest of the World (RoW)
Report Coverage
Bicycle locks Market Dynamics, Covid-19 Impact on the Bicycle locks Market, Vendor Profiles, Vendor Assessment, Strategies, Technology Assessment, Product Mapping, Industry Outlook, Economic Analysis, Segmental Analysis, Bicycle locks Market Sizing, Analysis Tables
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Vendor Profiles Covered
All Major Tier-1, Tier-2, and Tier-3 companies are covered in this Bicycle locks Market report (25 Vendor Profiles)
Key Questions Answered in This Report:
- What is the potential of the Bicycle locks Market?
- What is the impact of COVID-19 on the global Bicycle locks Market?
- What are the top strategies that companies adopting in Bicycle locks Market?
- What are the challenges faced by SME’s and prominent vendors in Bicycle locks Market?
- Which region has the highest investments in Bicycle locks Market?
- What are the latest research and activities in Bicycle locks Market?
- Who are the prominent players in Bicycle locks Market?
- What is the potential of the Bicycle locks Market?
Current and Future Trends Analysiss
Keeping up with the latest trends is a great way to bring in more customers. When it comes to trends, stakeholders see what's on the surface., Researchers at MDC continually monitor a given market to identify and track emerging trends. These reports are updated regularly so that stakeholders can take advantage of the latest trends and generate revenues.
Indeep Understanding of Industry
Industry analysis provides a company with an understanding of its position relative to other companies in the industry. This can help them identify opportunities and potential threats, so they can prepare for the present and future. MDC Research helps organizations to figure out what's happening in a given industry, including demand and supply statistics, degree of competition, state of competition with other emerging industries, future prospects considering technological changes, and external factors on the industry.
Focused Region/Country Assessment
Demographic analysis is a crucial component of any study on market growth. The MDC Research team assesses every region and country and examines the key points that have a large impact on the growth of a market.
The Impact of COVID-19 on Present and Future Market
MDC Research closely monitors the global outbreak of a new strain of the coronavirus (COVID-19), and it's impact on the total value chain. To provide optimum service to our stakeholders, MDC has assembled a team to evaluate developments, restructure information as needed, and ensure that the information is timely and pertinent.
Analyzing Government Policies / Initiatives / Regulations
Many sectors of the business world have long criticized government regulation as irrational hindrances to profits, economic efficiency, and job creation. The MDC research analysis of government policies, initiatives, and regulations helps stakeholders meet regulatory compliance and benefit from government initiatives in the respective industry.
Competitive Benchmarking
Today's competitive benchmarking is an opportunity to analyze how a company's competitors are performing and to consider their strengths and weaknesses in relation to your own company's performance. MDC research professionals help our stakeholders to keep track of competitors, identify improvement areas, increase profits, design better go-to-market strategies.
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