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Cycling Power Meter Market Size - By Power Meter Type, By Application, By Connection Type, By Distribution Channel, Analysis, Share, Growth Forecast, 2025 - 2034

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Cycling Power Meter Market Size

The global cycling power meter market was valued at USD 375.4 million in 2024 and is projected to grow at a CAGR of 5.2% between 2025 and 2034. The rising trend of using the digital framework and data-oriented skill acquisition practices in the cycling community has resulted in the increased uptake of cycling power meters. These instruments measure the strength or force exerted by a cyclist during pedaling and are necessary for performance enhancement. There has been a revolution in smart trainers, internet-linked cycling platforms and wearable instruments resulting in an enhanced interaction of cycling power meters with other smart instruments. Such an interaction builds up a seamless platform which improves the training process on cyclists.
 

Cycling Power Meter Market

For instance, in April 2024, Campagnolo introduced HPPM (High Precision Power Measurement) chainset also a first-ever attempt into power meter technology for the brand. This HPPM is a power meter on a spider and uses 16 sensors placed appropriately to obtain reliable power measurements. It claims to offer an accuracy of ±1%, which is on par with other market power meters.
 

The increased interest in data-centric approaches is a key contributor to the growth of the cycling power meter market. Data is becoming more important for all types of cyclists, both professional and casual or amateur. Instead of relying on perceived exertion, heart rate, or elapsed time as non-instrumented tasks in data-based training, real-time data is employed to inform the user during a task. Cyclists, whether amateurs or professional, utilize power meters in training because they provide data on the muscle power being exerted during pedaling.
 

Cycling Power Meter Market Trends

Power meters are seen as part and parcel of integrated smart cycling devices. Pioneering smart cycling devices, including smart bike computers, wearables and training apps, allow cyclists to select power meters without any qualms. There are indoor training cycles featuring the Zwift, TrainerRoad or Strava applications that make use of power meters in conjunction with performance measurements and feedback for analysis. With this compatibility, cyclists begin their session with performance data computed at their fingertips including power output, cadence, heartbeats, and a range of other measurable performance indicators so targets can be set easily. Demand for enhanced training of connected devices has also stimulated the adoption of power meter data and device synchronization.
 

Power meter market blossoms on account of an augmented emphasis on accuracy and precision during cycling training. The sport is rapidly transitioning to a more scientific approach, which in turn means athletes require the most accurate and reliable data at their disposal. Countries like USA and UK who heavily indulge in sports such as cycling, now have access to power meters that facilitate any cyclist with data around their wattage, force and pedaling efficiency, while completing their training sessions.
 

Such tools are invaluable since they offer greater value than simple data points like heart rates or movement speeds. With such great technological advancements such as cellular networks, global positioning and satellites paired with sensors that accurately record data, power meters are extremely dependable and accurate, enabling cyclists to ameliorate and up their training and performance.
 

Although cycling power meters provide immense benefit and data backed insights, the barrier of entry is still very high and that stands as a challenge for the growth of the cycling power meter market. The high cost, especially for amateur or recreational athletes with even a shred of desire of becoming a professional cyclist, can be detrimental to the prospects of the community.
 

Due to the specific type of sensors, antennas and base models required, the price can range from hundreds to thousands of dollars based on the calibration and type - pedal, crank, spider, etc. And even if a price range seems feasible, certain cyclists may have no interest in them due to lacking an intention of being involved with competitive cycling entirely. Because of such factors, many members within the cycling community opt against making these purchases even though there are countless reasons to do so.
 

Cycling Power Meter Market Analysis

Cycling Power Meter Market Size, By Power Meter, 2022 – 2034, (USD Million)

Based on power meter type, the market is segmented as pedal-based, crank-based, hub-based, bottom bracket, and others. In 2024, the crank-based segment held a market share of over 31% and is expected to exceed USD 200 million by 2034.
 

  • Due to the majority of their market being roadside cyclists, the construction and design of crank-based power meters has evolved alongside electric bicycles ensuring they retain their position at the top. The reason for their popularity as a whole stems from their accurate power output measurements, which is crucial when training.
     
  • Their position in the market can only be explained as the strong centre of the bike's drivetrain allowing them to be moderately isolated from the other components for example bicycle and hubs.

 

Cycling Power Meter Market Share, By Application, 2024

Based on the application, the cycling power meter market is divided into road cycling, mountain biking, indoor training, and others. The road cycling segment held around 39% of the market share in 2024.
 

  • Cycling as a competitive sport has seen a rise in data based training methods that require more focus on speed which in turn has led to a Rise in professional competitive cycling which has boosted the demand for cycling power meters.
     
  • Cycling power meters are now considered an essential among both amateurs and professionals as they aid in measuring the force of the pedals with precision, thus highlighting areas where performance requires improvement. Time trials and endurance races are among the many activities that are a part of the process of improving speed and efficiency during the pedaling process.

 

Germany Cycling Power Meter Market Size, 2022 -2034, (USD Million)

Europe dominated the global cycling power meter market with a major share of over 32% in 2024 and Germany holds a significant share of this region.
 

  • The cycling power meter market exhibits great demand within Germany as the country exhibits a great culture for cycling which is aided by its high end infrastructure along with the increasing focus on performance-oriented training measures.
     
  • Germany stands out as one of the strongest countries in competitive cycling and has a large pool of cyclists, both competitive and hobbyists. These cyclists notably use power cycling meters which allow them to improve their performance. The evolution of cycling technologies, the popularity of data-oriented training, and the expanding German cycling market all contribute to that.
     
  • The North American cycling power meter market particularly the US and Canadian market has shown an increased interest in cycling, this has led to greater demand and usage of power meters. There has been significant growth in the number of people who road cycle, mountain bike, gravelrace, or triathalon. All of these activities emphasize on performance, endurance, and efficiency, which is where power meters come in as they allow cyclists to track and build on their training.
     
  • Power growth tools have witnessed a massive rise in demand due to factors such as the increase in events like Tours of California as well as Unbound Gravel. Due to the increase in performance demands from professional athletes, and the importance placed on cycling from fitness tourists, people such as amateur bikers have been compelled to use power meters as a way to bike and perform better.
     
  • The number of cyclists in the region pursuing cycling as a sport or a fitness activity is increasing, with China, South Korea, Japan and Taiwan spearheading this growth. Especially in these countries, cycling is regarded as an activity that goes beyond just a form of leisure, with high potential for enhancing physical health and reducing negatively affecting the environment.
     
  • In addition, other sports events such as the Tour of China, Japan Cup, and Tour of Japan have spurred the popularity of cycling among both skilled and unskilled practitioners. Cycling is becoming popular among the general population and is gaining professional recognition, here is where cyclers have often begun utilizing a power meter to schedule their training requirements and up bolster performance.
     

Cycling Power Meter Market Share

SRAM and Garmin collectively held a substantial market share of over 14% in the cycling power meter industry in 2024.
 

  • SRAM and Garmin are integrating their technology and establishing a wide range of products which has largely aided their entry into the cycling power meter market. Power meters that focus on cranks are made by SRAM, however, both Garmin pedal-based and crank-based units work with cycling computers and GPS devices.
     
  • People that use bicycles and care a great deal about precision can appreciate their bicycle and hub functionality, which was an automatic performance tracker of sorts with some simple tools. Moreover, active collaboration with professional cycling teams and the presence of wide sales networks have also enabled them to consolidate leadership positions in the market.
     
  • Shimano and Stages Cycling are striving to enhance their position within the cycling power meter sector. Shimano has introduced new power meters embedded in its high-performance drivetrain systems as part of its product range. These cater to both road and mountain cyclists and are designed to be easy to use and accurate.
     
  • Stages Cycling, which specializes in pedal power meters, has made great strides in making its product more accurate and more affordable for amateur and professional cyclists. In addition, both companies have partnered with cycle manufacturers and professional teams and broadened their distribution networks, which has consequently boosted their international presence.
     

Cycling Power Meter Market Companies

Major players operating in the cycling power meter industry are:

  • 4iiii Innovations
  • Easton Cycling
  • Favero electronics
  • Full Speed Ahead
  • Garmin
  • LOOK
  • Magene
  • Polar Electro
  • Power2max
  • Rotor
     

The power meter market for cycling has been reported to possess an international and regional outreach simultaneously which aids in catering to the various demands of the customers. The international competition is improving with the purchase of strategic businesses and the creation of a broadened scope market which meets the needs of fit and professional cyclists. With the intent to earn greater market share, they continue innovating, think accurately, and connect with digital fragments.
 

Moreover, regional players do retain an active status thanks to having an in-depth knowledge of their audience along with being able to meet sole customer requirement at an economical price. There is a catch though, the increase of the interest in the Bluetooth power meters along with the demand for data analytics features is expecting the regional players to rethink the idea or join forces. In the upcoming years, it is anticipated that the power meter segment will go through drastic consolidation owing to international M&A activities. The class of international companies that operate out of China are anticipated to pose strong competition which in turn is expected to impact international competitiveness standards when it comes to the power meter market for cyclists.
 

Cycling Power Meter Industry News

  • In October 2024, Precor and SPIA Cycling Inc. entered into a strategic global distribution agreement to enhance the availability of Stages Cycling products in various markets. As per this agreement, Precor will act as the North American distributor for Stages Cycling's commercial product lines, which include renowned indoor cycles, power meters, and cycle computers. Distribution rights are expected to expand to additional regions worldwide in the coming months. 
     
  • In February 2024, 4iiii launched the Dual-Sided PRECISION 3+ PRO Powermeter, which features advanced technology and integration with Apple's Find My service. The PRECISION 3+ PRO offers dual-sided power metrics, allowing cyclists to measure power output from both legs. This feature enhances training insights by providing data on left/right balance, pedal smoothness, and torque effectiveness.
     

The cycling power meter market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($Bn) and shipments (units) from 2021 to 2034, for the following segments:

Market, By Power Meter Type

  • Pedal-based
  • Crank-based
  • Hub-based
  • Bottom bracket
  • Others

Market, By Application

  • Road cycling
  • Mountain biking
  • Indoor training
  • Others

Market, By Connection Type

  • ANT+
  • Bluetooth

Market, By Distribution Channel

  • Online
  • Offline
  • Specialty sports stores

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Nordics
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Southeast Asia 
  • Latin America
    • Brazil
    • Mexico
    • Argentina 
  • MEA
    • UAE
    • South Africa
    • Saudi Arabia

 

Authors: Preeti Wadhwani, Aishvarya Ambekar
Frequently Asked Question(FAQ) :
Who are the major players in the cycling power meter industry?
The key players in the industry include 4iiii Innovations, Easton Cycling, Favero Electronics, Full Speed Ahead, Garmin, LOOK, Magene, Polar Electro, Power2max, and Rotor.
What is the market share of Europe in the cycling power meter market?
Why is the road cycling segment dominating the cycling power meter industry?
How big is the cycling power meter market?
Cycling Power Meter Market Scope
  • Cycling Power Meter Market Size
  • Cycling Power Meter Market Trends
  • Cycling Power Meter Market Analysis
  • Cycling Power Meter Market Share
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    Base Year: 2024

    Companies covered: 17

    Tables & Figures: 200

    Countries covered: 21

    Pages: 180

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