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

Cycling Power Meter Market
Get a free sample of this reportGet a free sample of this report Cycling Power Meter Market
Is your requirement urgent? Please give us your business email for a speedy delivery!
Buy Now
$4,123 $4,850
15% off
$4,840 $6,050
20% off
$5,845 $8,350
30% off
Buy now
Premium Report Details
Base Year: 2024
Companies covered: 17
Tables & Figures: 200
Countries covered: 21
Pages: 180
Download Free PDF
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.
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
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.
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.
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.
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.
Cycling Power Meter Market Companies
Major players operating in the cycling power meter industry are:
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
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:
Click here to Buy Section of this Report
Market, By Power Meter Type
Market, By Application
Market, By Connection Type
Market, By Distribution Channel
The above information is provided for the following regions and countries: