Smart Bike Locks: Ensuring bike security and convenience for riders
One of the major frustrations faced by bike riders is the lack of reliable bike parking and security. Smart bike locks provide a solution by incorporating advanced technology, such as GPS tracking, biometric access, and real-time alerts, to protect bikes from theft. These locks can be easily controlled and monitored through a smartphone app, enabling riders to find secure parking spots and receive notifications if their bike is disturbed. Market size: The global bike lock market is projected to reach USD 1.48 billion by 2025, growing at a CAGR of 8.7% during 2019-2025.