According to a research report published by Spherical Insights & Consulting, the Global Cycling Power Market Size Expected to Grow from USD 408.96 Million in 2023 to USD 640.90 Million by 2033, at a CAGR of 4.60% during the forecast period 2023-2033.

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A cycling power meter is a device to measures the power or output of cyclists during the ride and its reading is measured in watts. It is a better way to analyze the cyclist’s performance and effort at the riding time. It provides real-time data that helps to make new strategies during cycling events or races. Power meters typically consist of sensors that are assembled in various parts such as the pedals, crankset, bottom bracket, or hub, and calculate the cyclist’s power output. Since, technological advancement power meters have been converted into a wireless mode that captures data in computers, apps, and other devices. The accurate and precise data help to avoid over-training from cyclists. However, the advanced power meters are expensive, difficult to operate, and have a lengthy learning process, which could discourage casual riders as well as other performance tracking devices such as heart rate monitors, and GPS units compete in market growth.

Browse key industry insights spread across 190 pages with 116 Market data tables and figures & charts from the report on the Global Cycling Power Meter Market Size, Share, and COVID-19 Impact Analysis, By Mounting (Hub-Based, Bottom Bracket-Based, Chaining-Based, Pedal-Based, Crank Arm-Based), By Application (Sports Bicycles, Road Bicycles, Mountain Bicycles), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

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The hub-based segment is expected to hold the largest share of the global cycling power market during the projected period.

On the basis of mounting, the global cycling power meter market is divided into hub-based, bottom bracket-based, chaining-based, pedal-based, and crank arm-based. Among these, the hub-based segment is expected to hold the largest share of the global cycling power market during the projected period. This power meter is assembled typically at the rear wheel position. It is easy to remove and install as compared to the other mounting parts. It can provide accurate data and precise monitoring with long-term durability. So, these kinds of factors help to boost the segment

The sports bicycles segment is anticipated to hold the largest share of the global cycling power meter during the forecast period.

Based on the application, the global cycling power meter market is categorized into sports bicycles, road bicycles, and mountain bicycles. Among these, the sports bicycles segment is anticipated to hold the largest share of the global cycling power meter during the forecast period. Sport bicycles are commonly used in racing events, fitness training, and triathlon. Cyclists require accurate and real-time data during the performance so, cycle manufacturers focused on improving power meters with the help of technological advancement as well as, increasing the popularity of sports cycling events and fitness activity boost rapid segment expansion in the market.

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North America is anticipated to hold the largest share of the global cycling power meter market during the forest period.

North America has also made large investments in technology improvements and inventions linked to cycling, with manufacturing-related amenities such as power meter solutions for cyclists. The rising popularity of cycling events like triathlons, road races, and amateur racing leagues supports the need for power meters, for training and improvement in performance. Cycling is very popular in both types of applications, leisure and competitive. So, the regional market has grown due to rising incomes, outdoor activities, and rapid expansion in the business sector.

Asia Pacific is expected to grow at the fastest CAGR of the global cycling power meter market during the forecast period. In this region, cycling is considered a conventional mode of transportation. The growing interest in competitive cycling events and increased awareness of fitness and health are factors contributing to the Asia Pacific region’s rapid rise.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the cycling power meter market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global cycling power meter market are Arofly, BMC Switzerland AG, Bryton Inc., Campagnolo s.r.l, CatEye Co. Ltd., Favero Electronics s.r.l, FSA SRL, Garmin Ltd., Giant Manufacturing Co. Ltd., Healthcare Technology Ltd. and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In May 2024, SRAM announced their new SRAM RED AXS system, complete with a Quarq-based power meter.

• In April 2024, Campagnolo launched the HPPM chainset, its first-ever power meter. The HPPM power meter chainset fills the power meter gap in the Super Record Wireless set.

• In February 2024, Favero launched the new Assioma Pro MX SPD power meter pedals for off-road experience.

 Market Segment

 This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the cycling power meter market based on the below-mentioned segments:

 Global Cycling Power Meter Market, By Mounting

• Hub-Based
• Bottom Bracket-Based
• Chaining-Based
• Pedal-Based
• Crank Arm-Based

 Global Cycling Power Meter Market, By Application

• Sports Bicycles
• Road Bicycles
• Mountain Bicycles

 Global Cycling Power Meter Market, By Regional

• North America
  • US
  • Canada
  • Mexico

• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific

• South America
  • Brazil
  • Argentina
  • Rest of South America

• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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