The global market for Cycling Power Meters was valued at US$434.1 Million in 2024 and is projected to reach US$561.6 Million by 2030, growing at a CAGR of 4.4% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the cycling power meters market is driven by several factors, including the increasing popularity of cycling as a sport and recreational activity, advancements in technology, and the rising demand for data-driven training. The surge in cycling participation, spurred by the growing awareness of its health and environmental benefits, has expanded the market for performance-enhancing tools like power meters. Technological advancements, particularly in sensor accuracy, battery life, and connectivity, have made power meters more user-friendly and affordable, attracting a wider audience. Furthermore, the trend towards data-driven training, supported by the proliferation of training apps and software, has heightened the demand for precise and reliable performance metrics provided by power meters. These factors, combined with the continuous innovation in product design and functionality, are driving the robust growth of the cycling power meters market, positioning it as a critical component in the evolution of competitive and recreational cycling.
Technological advancements have significantly enhanced the functionality and accessibility of cycling power meters. Modern power meters are equipped with wireless connectivity, allowing seamless integration with cycling computers and smartphones for real-time data display and analysis. The advent of Bluetooth and ANT+ technology has facilitated this integration, making it easier for cyclists to monitor their performance metrics during rides. Additionally, the development of dual-sided power meters, which measure power output from both legs independently, provides more detailed insights into a cyclist’s pedaling efficiency and balance. These innovations have not only improved the accuracy and reliability of power meters but also expanded their appeal to a broader range of cyclists, from professional athletes to recreational riders seeking to enhance their performance.
Global Cycling Power Meters Market - Key Trends & Drivers Summarized
Cycling power meters have revolutionized the way cyclists train and compete by providing precise measurements of a rider’s power output in watts. These devices, which can be integrated into various parts of the bike such as the pedals, crankset, or rear hub, offer critical data that helps cyclists gauge their performance, manage their training loads, and fine-tune their efforts for maximum efficiency. Unlike traditional metrics like speed or heart rate, power meters offer a direct measure of the cyclist’s effort, unaffected by external factors such as wind or terrain. This capability allows for more objective and effective training regimens, enabling riders to track progress, set specific targets, and optimize their power output during races.The growth in the cycling power meters market is driven by several factors, including the increasing popularity of cycling as a sport and recreational activity, advancements in technology, and the rising demand for data-driven training. The surge in cycling participation, spurred by the growing awareness of its health and environmental benefits, has expanded the market for performance-enhancing tools like power meters. Technological advancements, particularly in sensor accuracy, battery life, and connectivity, have made power meters more user-friendly and affordable, attracting a wider audience. Furthermore, the trend towards data-driven training, supported by the proliferation of training apps and software, has heightened the demand for precise and reliable performance metrics provided by power meters. These factors, combined with the continuous innovation in product design and functionality, are driving the robust growth of the cycling power meters market, positioning it as a critical component in the evolution of competitive and recreational cycling.
Technological advancements have significantly enhanced the functionality and accessibility of cycling power meters. Modern power meters are equipped with wireless connectivity, allowing seamless integration with cycling computers and smartphones for real-time data display and analysis. The advent of Bluetooth and ANT+ technology has facilitated this integration, making it easier for cyclists to monitor their performance metrics during rides. Additionally, the development of dual-sided power meters, which measure power output from both legs independently, provides more detailed insights into a cyclist’s pedaling efficiency and balance. These innovations have not only improved the accuracy and reliability of power meters but also expanded their appeal to a broader range of cyclists, from professional athletes to recreational riders seeking to enhance their performance.
Scope of the Study
The report analyzes the Cycling Power Meters market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments:
Mounting Type (Crank Arm-Based, Pedal-Based, Chaining-Based, Hub-Based, Bottom Bracket-Based); Application (Sports Bicycle, Mountain Bicycle, Road Bicycle).Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Crank Arm-Based Power Meters segment, which is expected to reach US$197.5 Million by 2030 with a CAGR of a 5.0%. The Pedal-Based Power Meters segment is also set to grow at 4.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $132.5 Million in 2024, and China, forecasted to grow at an impressive 7.2% CAGR to reach $73.5 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as 4iiii Innovations Inc., Arofly, BMC Switzerland AG, Bryton Inc., CatEye Co., Ltd. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Cycling Power Meters Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Cycling Power Meters Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Cycling Power Meters Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 30 major companies featured in this Cycling Power Meters market report include:
- 4iiii Innovations Inc.
- Arofly
- BMC Switzerland AG
- Bryton Inc.
- CatEye Co., Ltd.
- Favero Electronics Srl
- Full Speed Ahead (FSA) SRL
- Garmin International Inc.
- Giant Manufacturing Co. Ltd.
- iQsquare B.V.
- Power2max
- Shimano, Inc.
- SRAM LLC
- Stages Cycling LLC
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIANETHERLANDSREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- 4iiii Innovations Inc.
- Arofly
- BMC Switzerland AG
- Bryton Inc.
- CatEye Co., Ltd.
- Favero Electronics Srl
- Full Speed Ahead (FSA) SRL
- Garmin International Inc.
- Giant Manufacturing Co. Ltd.
- iQsquare B.V.
- Power2max
- Shimano, Inc.
- SRAM LLC
- Stages Cycling LLC
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 289 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 434.1 Million |
| Forecasted Market Value ( USD | $ 561.6 Million |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 14 |
