Global Cycling Power Meter Market by Type (Sports Bicycle, Road Bicycle, Mountain Bicycle), By Application (Online, Offline) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
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:
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.
Road Bicycle:
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.
Mountain Bicycle:
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.
Online:
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:
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.
Growth Factors For The Global Cycling Power Meter Market:
- 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 Scope
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 |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
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.
Global Cycling Power Meter Market Report Segments:
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:
- Garmin
- Pioneer
- Shimano
- SRAM
- SRM
- Rotor Bike Components
- Favero
- Stages
- Saris
- Verve
- Watteam
- 4iiii Innovations
- Power2Max
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.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Cycling Power Meter Market
Overview of the regional outlook of the Cycling Power Meter Market:
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.
Highlights of The Cycling Power Meter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Cycling Power Meter Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Sports Bicycle
2. Road Bicycle
3. Mountain Bicycle
7. By Application:1. Online
2. Offline
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
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Reasons to Purchase the Cycling Power Meter Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cycling Power Meter Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cycling Power Meter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cycling Power Meter Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cycling Power Meter Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cycling Power Meter Market Size & Forecast, 2018-2028
4.5.1 Cycling Power Meter Market Size and Y-o-Y Growth
4.5.2 Cycling Power Meter Market Absolute $ Opportunity
Chapter 5 Global Cycling Power Meter Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cycling Power Meter Market Size Forecast by Type
5.2.1 Sports Bicycle
5.2.2 Road Bicycle
5.2.3 Mountain Bicycle
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cycling Power Meter Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cycling Power Meter Market Size Forecast by Applications
6.2.1 Online
6.2.2 Offline
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cycling Power Meter Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cycling Power Meter Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cycling Power Meter Analysis and Forecast
9.1 Introduction
9.2 North America Cycling Power Meter Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cycling Power Meter Market Size Forecast by Type
9.6.1 Sports Bicycle
9.6.2 Road Bicycle
9.6.3 Mountain Bicycle
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cycling Power Meter Market Size Forecast by Applications
9.10.1 Online
9.10.2 Offline
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cycling Power Meter Analysis and Forecast
10.1 Introduction
10.2 Europe Cycling Power Meter Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cycling Power Meter Market Size Forecast by Type
10.6.1 Sports Bicycle
10.6.2 Road Bicycle
10.6.3 Mountain Bicycle
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cycling Power Meter Market Size Forecast by Applications
10.10.1 Online
10.10.2 Offline
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cycling Power Meter Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cycling Power Meter Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cycling Power Meter Market Size Forecast by Type
11.6.1 Sports Bicycle
11.6.2 Road Bicycle
11.6.3 Mountain Bicycle
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cycling Power Meter Market Size Forecast by Applications
11.10.1 Online
11.10.2 Offline
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cycling Power Meter Analysis and Forecast
12.1 Introduction
12.2 Latin America Cycling Power Meter Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cycling Power Meter Market Size Forecast by Type
12.6.1 Sports Bicycle
12.6.2 Road Bicycle
12.6.3 Mountain Bicycle
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cycling Power Meter Market Size Forecast by Applications
12.10.1 Online
12.10.2 Offline
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cycling Power Meter Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cycling Power Meter Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cycling Power Meter Market Size Forecast by Type
13.6.1 Sports Bicycle
13.6.2 Road Bicycle
13.6.3 Mountain Bicycle
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cycling Power Meter Market Size Forecast by Applications
13.10.1 Online
13.10.2 Offline
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cycling Power Meter Market: Competitive Dashboard
14.2 Global Cycling Power Meter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Garmin
14.3.2 Pioneer
14.3.3 Shimano
14.3.4 SRAM
14.3.5 SRM
14.3.6 Rotor Bike Components
14.3.7 Favero
14.3.8 Stages
14.3.9 Saris
14.3.10 Verve
14.3.11 Watteam
14.3.12 4iiii Innovations
14.3.13 Power2Max