The Global Cycling Power Meter Market size is projected to reach a value of US$ X, XXX.X Mn by 2028, expanding at a CAGR of 9.7% during the forecast period (2018-2028). Cycling has gained immense popularity in recent years, owing to its health benefits. A power meter helps cyclists track their performance and improve their cycling skills. The rising demand for premium quality bicycles is also propelling the growth of the global cycling power meter market.
A cycling power meter is a device that helps cyclists track their performance and improve their cycling skills. It measures the amount of power that a cyclist generates while pedaling and provides real-time feedback, which can be used to assess their level of fitness, monitor training progress, and optimize riding technique. Cycling power meters have become increasingly popular in recent years as more cyclists seek ways to improve their performance.
On the basis of Type, the global cycling power meter market is segmented into Sports Bicycle, Road Bicycle, Mountain Bicycle.
Sports Bicycle type of cycling power meter is used by professional cyclists and competitive amateur cyclists. It helps them to track their performance and improve their cycling skills. Sports Bicycle type of cycling power meter measures the amount of power that a cyclist generates while pedaling and provides real-time feedback, which can be used to assess their level of fitness, monitor training progress, and optimize riding technique.
A road bicycle power meter is a type of cycling power meter that is used to measure the power output of a cyclist while riding on a paved road. Road bicycles are typically lighter and faster than other types of bicycles, making them more suitable for use on paved roads. A road bicycle power meter can be used to improve the rider's performance by providing accurate data on the rider's power output. There are several different types of road bicycle power meters available on the market. The most popular type of road bicycle power meter is the crank-based power meter, which measures the power output at the pedals. Crank-based power meters are typically more accurate than other types of power meters, but they can be more expensive. Other types of road bicycle power meters include hub-based power meters and bottom bracket-based power meters.
The Mountain Bicycle type of cycling power meter is used to measure the power output while riding a mountain bike. This type of power meter is typically installed on the crankset and measures the torque and cadence to calculate the power output. It helps cyclists to analyze their performance and improve their biking skills. It consists of sensors which are mounted on the bicycle frame and pedals and transmit data to a display unit. This type of power meter helps in analyzing the performance of a cyclist and also provides feedback that can be used to improve pedaling technique.
On the basis of Application, the global cycling power meter market is segmented into Online, Offline.
The online application of cycling power meters is when the cyclist uses a power meter to measure their performance while riding and then uploads this data onto a website or cycling social media platform. This allows cyclists from all over the world to compare their performances, as well as track their progress over time. There are many different websites and platforms that offer this service, and it is becoming increasingly popular as more and more cyclists are using power meters.
Offline application of cycling power meters is used by cyclists who want to measure their power output while riding. Offline cycling power meters are connected to a computer or some other device that can store and analyze data, which is then transmitted to the rider. This type of cycling power meter is generally used by professional cyclists and athletes. Cyclists using an offline cycling power meter can measure their power output and track their progress over time. This type of cycling power meter is also used in training camps and competitions. Offline cycling power meters are available in both wired and wireless versions. The wired version is connected to the computer or other device with a cable, while the wireless version sends data wirelessly. Offline cycling power meters can be used with a variety of different software programs that allow cyclists to track their progress and analyze their data.
On the basis of Region, the global cycling power meter market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East & Africa. The North American region is the most lucrative market for cycling power meters. The high adoption of cycling as a mode of transportation and the presence of major players such as Garmin, SRM, and Stages Cycling are some of the factors contributing to the growth of the market in this region. The North American cycling power meter market is expected to grow at a CAGR of over 15% during the forecast period. The European region is the second-largest market for cycling power meters. The European cycling power meter market is expected to grow at a CAGR of over 14% during the forecast period. The Asia Pacific region is expected to be the fastest-growing market for cycling power meters.
- The rising popularity of cycling as a sport and fitness activity.
- The growing demand for premium quality bicycles.
- The increasing awareness about the benefits of using a power meter.
- The advances in technology have led to the development of more sophisticated and accurate power meters.
Up Market Research published a new report titled “Cycling Power Meter Market research report which is segmented by Types (Sports Bicycle, Road Bicycle, Mountain Bicycle), By Applications (Online, Offline), By Players/Companies Garmin, Pioneer, Shimano, SRAM, SRM, Rotor Bike Components, Favero, Stages, Saris, Verve, Watteam, 4iiii Innovations, Power2Max”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Cycling Power Meter Market Research Report|
|By Type||Sports Bicycle, Road Bicycle, Mountain Bicycle|
|By Application||Online, Offline|
|By Companies||Garmin, Pioneer, Shimano, SRAM, SRM, Rotor Bike Components, Favero, Stages, Saris, Verve, Watteam, 4iiii Innovations, Power2Max|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||213|
|Number of Tables & Figures||150|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Sports Bicycle, Road Bicycle, Mountain Bicycle and By Application Online, Offline.
Some of the companies that are profiled in this report are:
Cycling Power Meter Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Cycling Power Meter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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