Cycling Power Meters

Cycling Power Meters

Global Cycling Power Meters Market to Reach US$549.5 Million by 2030

The global market for Cycling Power Meters estimated at US$407.0 Million in the year 2023, is expected to reach US$549.5 Million by 2030, growing at a CAGR of 4.4% over the analysis period 2023-2030. Crank Arm-Based Cycling Power Meters, one of the segments analyzed in the report, is expected to record a 4.9% CAGR and reach US$193.3 Million by the end of the analysis period. Growth in the Pedal-Based Cycling Power Meters segment is estimated at 4.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$127.7 Million While China is Forecast to Grow at 7.2% CAGR

The Cycling Power Meters market in the U.S. is estimated at US$127.7 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$73.5 Million by the year 2030 trailing a CAGR of 7.2% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.0% and 3.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.

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.

Select Competitors (Total 30 Featured) -

• 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

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