세계의 사이클링 파워 미터 시장 : 기회, 성장 촉진요인, 산업 동향 분석, 예측(2025-2034년)

The Global Cycling Power Meter Market reached USD 375.4 million in 2024 and is expected to grow at a CAGR of 5.2% between 2025 and 2034. The increasing adoption of digital frameworks and data-driven training methodologies in the cycling community has significantly fueled the demand for cycling power meters. These devices measure the force exerted by a cyclist during pedaling, making them essential for performance enhancement. The growing popularity of competitive cycling and endurance training has pushed riders to seek precise performance-tracking tools, ensuring maximum efficiency in their training regimens.

The market has also witnessed a surge in innovations, particularly in smart trainers, internet-connected cycling platforms, and wearable fitness devices. These advancements have strengthened the integration of cycling power meters with other smart instruments, creating a seamless training ecosystem. This enhanced connectivity allows cyclists to analyze real-time data, optimize their performance, and gain valuable insights into areas that require improvement. As more cyclists embrace structured training programs, the demand for these devices is set to rise.

Based on power meter type, the market is segmented into pedal-based, crank-based, hub-based, bottom bracket, and others. In 2024, the crank-based segment accounted for over 31% of the market and is expected to exceed USD 200 million by 2034. Crank-based power meters remain a popular choice due to their precise power output measurements, which are critical for effective training. Positioned at the heart of a bike's drivetrain, these meters provide reliable data while remaining relatively independent of other components. Roadside cyclists, particularly those using electric bicycles, have driven innovations in crank-based power meter design, ensuring their continued dominance in the market.

By application, the market is categorized into road cycling, mountain biking, indoor training, and others. Road cycling held approximately 39% of the market share in 2024. The growing emphasis on data-driven training methods has led to an increasing reliance on cycling power meters for performance optimization. Competitive road cycling, in particular, has seen a surge in demand for these devices as they offer precise pedal force measurements, helping cyclists enhance their speed and endurance. Amateur and professional riders alike consider power meters an essential tool for improving their training efficiency.

Europe led the global cycling power meter market with over 32% market share in 2024, with Germany holding a substantial portion of the regional demand. Germany's robust cycling culture, advanced infrastructure, and growing focus on performance-based training have contributed to market expansion. As one of the strongest countries in competitive cycling, Germany boasts a large population of both professional and recreational cyclists who actively use power meters to fine-tune their performance. This trend is expected to continue, reinforcing Europe's position as a key market for cycling power meters.

Table of Contents

Chapter 1 Methodology & Scope

• 1.1 Research design
  • 1.1.1 Research approach
  • 1.1.2 Data collection methods
• 1.2 Base estimates and calculations
  • 1.2.1 Base year calculation
  • 1.2.2 Key trends for market estimates
• 1.3 Forecast model
• 1.4 Primary research & validation
  • 1.4.1 Primary sources
  • 1.4.2 Data mining sources
• 1.5 Market definitions

Chapter 2 Executive Summary

• 2.1 Industry 360⁰ synopsis, 2021 - 2034

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
  • 3.1.1 Raw material supplier
  • 3.1.2 Power meter manufacturer
  • 3.1.3 Software and data analysis providers
  • 3.1.4 End users
• 3.2 Supplier landscape
• 3.3 Profit margin analysis
• 3.4 Technology & innovation landscape
• 3.5 Key news & initiatives
• 3.6 Regulatory landscape
• 3.7 Pricing analysis
• 3.8 Impact forces
  • 3.8.1 Growth drivers
    • 3.8.1.1 Increasing demand for data-driven training
    • 3.8.1.2 Growing popularity of competitive cycling
    • 3.8.1.3 Advancements in smart cycling technology
    • 3.8.1.4 Growth in indoor cycling and virtual cycling platforms
  • 3.8.2 Industry pitfalls & challenges
    • 3.8.2.1 High initial cost
    • 3.8.2.2 Compatibility and integration challenges
• 3.9 Growth potential analysis
• 3.10 Porter's analysis
• 3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2024

• 4.1 Introduction
• 4.2 Company market share analysis
• 4.3 Competitive positioning matrix
• 4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Power Meter Type, 2021 - 2034 ($Bn, Units)

• 5.1 Key trends
• 5.2 Pedal-based
• 5.3 Crank-based
• 5.4 Hub-based
• 5.5 Bottom bracket
• 5.6 Others

Chapter 6 Market Estimates & Forecast, By Application, 2021 - 2034 ($Bn, Units)

• 6.1 Key trends
• 6.2 Road cycling
• 6.3 Mountain biking
• 6.4 Indoor training
• 6.5 Others

Chapter 7 Market Estimates & Forecast, By Connection Type, 2021 - 2034 ($Bn, Units)

• 7.1 Key trends
• 7.2 ANT+
• 7.3 Bluetooth

Chapter 8 Market Estimates & Forecast, By Distribution Channel, 2021 - 2034 ($Bn, Units)

• 8.1 Key trends
• 8.2 Online
• 8.3 Offline
• 8.4 Specialty sports stores

Chapter 9 Market Estimates & Forecast, By Region, 2021 - 2034 ($Bn, Units)

• 9.1 Key trends
• 9.2 North America
  • 9.2.1 U.S.
  • 9.2.2 Canada
• 9.3 Europe
  • 9.3.1 UK
  • 9.3.2 Germany
  • 9.3.3 France
  • 9.3.4 Spain
  • 9.3.5 Italy
  • 9.3.6 Russia
  • 9.3.7 Nordics
• 9.4 Asia Pacific
  • 9.4.1 China
  • 9.4.2 India
  • 9.4.3 Japan
  • 9.4.4 South Korea
  • 9.4.5 ANZ
  • 9.4.6 Southeast Asia
• 9.5 Latin America
  • 9.5.1 Brazil
  • 9.5.2 Mexico
  • 9.5.3 Argentina
• 9.6 MEA
  • 9.6.1 UAE
  • 9.6.2 South Africa
  • 9.6.3 Saudi Arabia

Chapter 10 Company Profiles

• 10.1 4iiii Innovations
• 10.2 Easton Cycling
• 10.3 Favero electronics
• 10.4 Full Speed Ahead
• 10.5 Garmin
• 10.6 LOOK
• 10.7 Magene
• 10.8 Polar Electro
• 10.9 Power2max
• 10.10 Rotor
• 10.11 Shimano
• 10.12 SRAM
• 10.13 SRM
• 10.14 Stages Cycling
• 10.15 Team ZWATT
• 10.16 Verve Cycling
• 10.17 Wahoo Fitness