Persistence Market Research has released a comprehensive report on the global Cycling Power Meter Market (2025-2032), providing in-depth analysis of key market dynamics, including driving forces, emerging trends, opportunities, and challenges. This report offers valuable insights into the market structure, helping stakeholders make informed decisions.
Key Insights:
Cycling Power Meter Market Size (2025): US$ 432.6 Million
Projected Market Value (2032): US$ 641.2 Million
Global Market Growth Rate (2025 to 2032): 5.8%
Cycling Power Meter Market - Report Scope:
Cycling power meters are devices that measure the power output of a cyclist, providing critical data to improve performance, training, and racing. These devices are essential tools for professional cyclists and enthusiasts to track their power output in watts. The market for cycling power meters is driven by the increasing popularity of cycling as a sport, technological advancements in power meter design, and growing demand for more accurate and accessible data for training.
Market Growth Drivers:
The global Cycling Power Meter Market is driven by the growing demand for fitness and performance tracking devices in cycling, particularly among professional athletes and cycling enthusiasts. Advances in power meter technology, such as lighter and more accurate models, have further enhanced their appeal. Additionally, the integration of power meters with other smart devices, such as smartphones and bike computers, has expanded their functionality, leading to broader adoption. The growing interest in cycling as a competitive sport and recreational activity is also fueling market growth.
Market Restraints:
Despite strong market growth, there are challenges such as the high cost of premium cycling power meters, which can be a barrier for casual cyclists. The complexity of the technology and the need for specialized knowledge to interpret the data can also limit broader adoption. Additionally, the market faces competition from other fitness tracking devices that offer similar capabilities but at a lower price point. Supply chain issues and reliance on advanced manufacturing techniques may also restrict production and distribution in certain regions.
Market Opportunities:
The Cycling Power Meter Market presents significant opportunities driven by innovations in wearable technology and the increasing focus on data-driven performance improvements. The growing adoption of cycling in both urban commuting and fitness trends provides a larger customer base. New developments, such as power meters integrated into more affordable cycling products, will likely drive market expansion. Additionally, partnerships between manufacturers and cycling teams or events may enhance product visibility and encourage greater adoption.
Key Questions Answered in the Report:
What are the key factors driving the growth of the Cycling Power Meter market?
Which types of power meters are seeing the highest demand across different cycling disciplines?
How are advancements in power meter technologies influencing the competitive landscape?
Who are the leading companies in the Cycling Power Meter market, and what strategies are they using to maintain their market position?
What are the emerging trends and future prospects for the global Cycling Power Meter market?
Competitive Intelligence and Business Strategy:
Key players in the global Cycling Power Meter market, including Garmin Ltd., Pioneer Corp., and Shimano Inc., are focusing on continuous innovation, product differentiation, and strategic partnerships to maintain their market leadership. These companies invest in R&D to develop power meters with improved accuracy, affordability, and compatibility with other cycling devices. Collaborations with professional cycling teams, as well as expanding their market reach through e-commerce and traditional retail channels, are essential strategies for sustained market growth. Companies also focus on enhancing customer experience by offering user-friendly interfaces and better integration with training platforms.
Key Companies Profiled:
Garmin Ltd.
Pioneer Corp.
Shimano Inc.
SRAM LLC
SRM GmbH
Rotor Bike Components
Favero Electronics Srl
Stages Cycling, LLC
Saris Cycling Group
Verve Cycling
Watteam Ltd.
4iiii Innovations Inc.
Power2Max GmbH
Others
Cycling Power Meter Industry Research by Category:
By Mount Type:
Hub Based
Bottom Bracket Based
Chainring Based
Pedal Based
Crank Arm Based
By Bicycle Type:
Sports Bicycle
Road Bicycle
Mountain Bicycle
By Region:
North America
Europe
Latin America
APAC
MEA
Table of Contents
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. PMR Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. Market Background
3.1. Macro-Economic Factors
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.4. Trends
3.3. Patent Analysis
4. Forecast Factors: Relevance and Impact
5. Global Cycling Power Meter Market Forecast
5.1. Market Volume Projections
5.2. Market Size Projections
5.2.1. Y-o-Y Projections
5.2.2. Absolute $ Opportunity Analysis
5.3. Value Chain Analysis
6. Global Cycling Power Meter Market Analysis 2020 - 2024 and Forecast 2025 - 2032, By Mount Type
6.1. Definition
6.2. Introduction / Key Findings
6.3. Historical Market Size (US$ Mn) and Volume Analysis By Mount Type, 2020 - 2024
6.4. Market Size (US$ Mn) and Volume Forecast By Mount Type, 2025 - 2032
6.4.1. Hub Based
6.4.2. Bottom Bracket Based
6.4.3. Chainring Based
6.4.4. Pedal Based
6.4.5. Crank Arm Based
6.5. Market Attractiveness Analysis By Mount Type
7. Global Cycling Power Meter Market Analysis 2020 - 2024 and Forecast 2025 - 2032, By Bicycle Type
7.1. Definition
7.2. Introduction
7.3. Historical Market Size (US$ Mn) and Volume Analysis By Bicycle Type (2020 - 2024)
7.4. Market Size (US$ Mn) and Volume Forecast By Bicycle Type (2025 - 2032)
7.4.1. Sports Bicycle
7.4.2. Road Bicycle
7.4.3. Mountain Bicycle
7.5. Market Attractiveness Analysis By Bicycle Type
8. Global Cycling Power Meter Market Analysis 2020 - 2024 and Forecast 2025 - 2032, By Region
8.1. Introduction
8.2. Historical Market Size (US$ Mn) and Volume Analysis By Region (2020 - 2024)
8.3. Market Size (US$ Mn) and Volume Forecast By Region (2025 - 2032)
8.3.1. North America
8.3.2. Europe
8.3.3. Latin America
8.3.4. Asia Pacific
8.3.5. Middle East & Africa
8.4. Market Attractiveness Analysis By Region
9. Global Pricing Analysis
9.1. Regional Average Pricing Analysis By Mount Type
9.1.1. North America
9.1.2. Europe
9.1.3. Latin America
9.1.4. Asia Pacific
9.1.5. Middle East & Africa
9.2. Pricing Analysis, by Competitors
10. North America Cycling Power Meter Market Analysis 2020 - 2024 and Forecast 2025 - 2032
10.1. Introduction
10.2. Historical Market Size (US$ Mn) and Volume Analysis By Market Segments (2020 - 2024)
10.3. Market Size (US$ Mn) and Volume Forecast By Market Segments (2025 - 2032)
10.3.1. By Country
10.3.1.1. U.S.
10.3.1.2. Canada
10.3.2. By Mount Type
10.3.3. By Bicycle Type
10.4. Market Attractiveness Analysis
10.4.1. By Country
10.4.2. By Mount Type
10.4.3. By Bicycle Type
11. Europe Cycling Power Meter Market Analysis 2020 - 2024 and Forecast 2025 - 2032
11.1. Introduction
11.2. Historical Market Size (US$ Mn) and Volume Analysis By Market Segments (2020 - 2024)
11.3. Market Size (US$ Mn) and Volume Forecast By Market Segments (2025 - 2032)
11.3.1. By Country
11.3.1.1. Germany
11.3.1.2. Italy
11.3.1.3. France
11.3.1.4. U.K.
11.3.1.5. Spain
11.3.1.6. BENELUX
11.3.1.7. Rest of Europe
11.3.2. By Mount Type
11.3.3. By Bicycle Type
11.4. Market Attractiveness Analysis
11.4.1. By Country
11.4.2. By Mount Type
11.4.3. By Bicycle Type
12. Latin America Cycling Power Meter Market Analysis 2020 - 2024 and Forecast 2025 - 2032
12.1. Introduction
12.2. Historical Market Size (US$ Mn) and Volume Analysis By Market Segments (2020 - 2024)
12.3. Market Size (US$ Mn) and Volume Forecast By Market Segments (2025 - 2032)
12.3.1. By Country
12.3.1.1. Brazil
12.3.1.2. Mexico
12.3.1.3. Rest of Latin America
12.3.2. By Mount Type
12.3.3. By Bicycle Type
12.4. Market Attractiveness Analysis
12.4.1. By Country
12.4.2. By Mount Type
12.4.3. By Bicycle Type
13. Asia Pacific Cycling Power Meter Market Analysis 2020 - 2024 and Forecast 2025 - 2032
13.1. Introduction
13.2. Historical Market Size (US$ Mn) and Volume Analysis By Market Segments (2020 - 2024)
13.3. Market Size (US$ Mn) and Volume Forecast By Market Segments (2025 - 2032)
13.3.1. By Country
13.3.1.1. China
13.3.1.2. India
13.3.1.3. Japan
13.3.1.4. ASEAN
13.3.1.5. Oceania
13.3.1.6. Rest of Asia Pacific
13.3.2. By Mount Type
13.3.3. By Bicycle Type
13.4. Market Attractiveness Analysis
13.4.1. By Country
13.4.2. By Mount Type
13.4.3. By Bicycle Type
14. MEA Cycling Power Meter Market Analysis 2020 - 2024 and Forecast 2025 - 2032
14.1. Introduction
14.2. Historical Market Size (US$ Mn) and Volume Analysis By Market Segments (2020 - 2024)
14.3. Market Size (US$ Mn) and Volume Forecast By Market Segments (2025 - 2032)