Bicycle Lock Market Size

The rockymounts lock we tested uses stainless steel a material rarely found in bicycle locks which to our eyes appeared to be left unhardened.

Bicycle lock market size. A bike lock is an essential item if you plan to leave your pride and joy unattended at any time here s what to look for and an overview of some of the best locks on the market chris marshall. Despite the lock s large shackle diameter our. First it s a super tough 6mm hardened steel shackle lock which is resistant to hand tools bolt cutters and leverage attacks. U locks come in different sizes so make sure you choose the right one for you.

The frequent occurrence of automobile traffic accidents and the pursuit of a healthy lifestyle have increased the demand for bicycles which has further promoted the growth of the bike lock market. The global bicycle market size was valued at usd 47 51 billion in 2017. The global smart lock market size was valued at usd 1 2 billion in 2019 and is expected to register a cagr of 18 5 from 2020 to 2027. To lock the bicycle one locks it physically to some other object such as a bike rack parking meter or other pole installed securely in the solid ground merely locking the bike frame to the wheel is not recommended because.

The u part of the lock attaches to a crossbar section and for this reason they are also called d locks. Marketexpertz offers wide collection of premium market research reports. A u lock is a rigid metal ring in the shape of the letter u. 2016 market size share trends growth 2021 future market global bike lock market 2016 research report initially provides a basic overview of the industry that covers definition applications and manufacturing technology post which the report explores into the international players in the market.

The kryptonite new york standard bicycle u lock protects your bike in two ways. The smart bike lock market research report provides market size share growth trends demand forecast and company profiles. The increase in the number of people opting for bicycling as a form of leisure is anticipated to propel the growth. The growing trend of internet of things iot along with rising security and privacy concerns has propelled the penetration of smart home security devices globally.

U locks were first introduced in the 1970s and has since revolutionized the bike lock industry. More than 7 0 million units of smart locks were sold in 2019. It is expected to expand at a cagr of 6 1 from 2018 to 2025.