| Product Code: ETC8041567 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Lithuania saw a diverse range of GPS bike computer imports, with top exporters being China, Denmark, Poland, Germany, and the USA. Despite the variety of sources, the market remained unconcentrated with a low Herfindahl-Hirschman Index (HHI). The industry experienced strong growth with a Compound Annual Growth Rate (CAGR) of 19.13% from 2020 to 2024. However, there was a slight decline in the growth rate from 2023 to 2024, showing a challenge that the market may have faced during that period.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Lithuania GPS Bike Computer Market Overview |
3.1 Lithuania Country Macro Economic Indicators |
3.2 Lithuania GPS Bike Computer Market Revenues & Volume, 2021 & 2031F |
3.3 Lithuania GPS Bike Computer Market - Industry Life Cycle |
3.4 Lithuania GPS Bike Computer Market - Porter's Five Forces |
3.5 Lithuania GPS Bike Computer Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Lithuania GPS Bike Computer Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Lithuania GPS Bike Computer Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing popularity of outdoor activities and fitness trends |
4.2.2 Growing awareness about health and wellness benefits associated with cycling |
4.2.3 Technological advancements in GPS and navigation systems |
4.2.4 Rising demand for connected and smart devices |
4.2.5 Government initiatives promoting cycling as a sustainable mode of transportation |
4.3 Market Restraints |
4.3.1 High initial cost of GPS bike computers |
4.3.2 Limited consumer awareness and education about the benefits of using GPS bike computers |
4.3.3 Concerns around data privacy and security |
4.3.4 Competition from traditional bike computers and smartphone apps |
4.3.5 Dependence on GPS signal availability and accuracy |
5 Lithuania GPS Bike Computer Market Trends |
6 Lithuania GPS Bike Computer Market, By Types |
6.1 Lithuania GPS Bike Computer Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Lithuania GPS Bike Computer Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Lithuania GPS Bike Computer Market Revenues & Volume, By Non-Mapping, 2021- 2031F |
6.1.4 Lithuania GPS Bike Computer Market Revenues & Volume, By Mapping, 2021- 2031F |
6.2 Lithuania GPS Bike Computer Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Lithuania GPS Bike Computer Market Revenues & Volume, By Fitness and Commuting, 2021- 2031F |
6.2.3 Lithuania GPS Bike Computer Market Revenues & Volume, By Athletics, 2021- 2031F |
6.2.4 Lithuania GPS Bike Computer Market Revenues & Volume, By Sports, 2021- 2031F |
7 Lithuania GPS Bike Computer Market Import-Export Trade Statistics |
7.1 Lithuania GPS Bike Computer Market Export to Major Countries |
7.2 Lithuania GPS Bike Computer Market Imports from Major Countries |
8 Lithuania GPS Bike Computer Market Key Performance Indicators |
8.1 Average daily active users of GPS bike computer apps |
8.2 Number of cycling events or races utilizing GPS bike computers |
8.3 Percentage of cyclists adopting GPS bike computers for their rides |
8.4 Average time spent on GPS bike computer apps per user |
8.5 Number of partnerships with bike manufacturers or cycling clubs for GPS bike computer integration |
9 Lithuania GPS Bike Computer Market - Opportunity Assessment |
9.1 Lithuania GPS Bike Computer Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Lithuania GPS Bike Computer Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Lithuania GPS Bike Computer Market - Competitive Landscape |
10.1 Lithuania GPS Bike Computer Market Revenue Share, By Companies, 2024 |
10.2 Lithuania GPS Bike Computer Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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