Startup Ideas AI

Many people face the frustration of their bikes being stolen. A compelling startup idea would be to develop smart bike locks with built-in GPS tracking, allowing owners to easily locate their stolen bikes. These locks could also have additional features like remote unlocking through a smartphone app. Market size: According to a report by Transparency Market Research, the global bicycle market size was valued at $59.7 billion in 2019 and is expected to reach $92.3 billion by 2027, with a CAGR of 4.9%.