The global demand for Cycling Power Meters Market is presumed to reach the market size of nearly USD 749.36 MN by 2028 from USD 482.54 MN in 2021 with a CAGR of 6.49% under the study period 2022 - 2028.
A cycling power metre is a device fitted on a bicycle and is utilized for measuring a rider's power output to the bicycle. The power production's measurement enables for a directly assessing the fitness. Cyclists and coaches primarily use it to improve performance by monitoring watts. The measurement device itself, and a handlebar-mounted 'head unit' that measures current power and stores ride data for subsequent study, make up a complete power meter system. Strain gauges are used in most cycling power meters to measure torque and calculate power. Pedal-based, crank-based, and hub-(wheel)-based are the three most common types of power metres.
Market Dynamics
Multiple aspects are propelling the worldwide cycling power meters market forward, including a growing desire among professional cyclists and athletes to track data and increased public awareness of the health advantages connected with cycling. The functions of power metres have improved because of technological advancements. Waterproof, durable, drop resistant, and vibration resistant wireless power metres are now commonly equipped on bicycles, providing improved accuracy. The need for power meters has risen due to these factors, thereby augmenting the market growth. Nevertheless, a shortage of dedicated cycling tracks and a lack of awareness among different consumers in developing and undeveloped regions are two challenges that could inhibit the market's growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of cycling power meters. The growth and trends of cycling power meters industry provide a holistic approach to this study.
Market Segmentation
This section of the cycling power meters market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
- Crank Or Spider
- Pedals
- Bottom Bracket
- Other
By Application
- Personal Use
- Competition Use
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Cycling Power Meters market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Cycling Power Meters Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cycling power meters market include Stages Cycling, Garmin, 4iiii, Arofly, Bryton, Assioma, Easton, QUARQ, Full Speed Ahead, CateEye, iQsquare, Giant, Rotor, SRM, Pioneer, Power2max. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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