Global Cycling Power Meter Market key Insights Based on Product Type, End-use and Regional Demand till 2026

Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Global Market Study on Cycling Power Meter: Tourism Industry to Stage New Opportunities Owing to Rise in Demand for Different Bicycle Types” offers a detailed analysis of the market, providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the global Cycling Power Meter market have been elaborated upon in the research report.

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The global bicycle power meter market covers the market for meters used in different types of bicycles to measure the output of the rider’s power. The market’s scope is expected to stay limited in the coming years. The usage of bicycles is not that much prevalent due to the dependency of people on bigger and more convenient vehicles. This restricts the growth in sales of cycles and subsequently cycling power meters. However, a major shift has been witnessed in the recent times, as people have become extremely health conscious and are more inclined towards the usage of bicycles to maintain their exercise routine. This report dissects the market into different bicycle types such as sports bicycles, road bicycles and mountain bicycles.  The anticipated market share and numbers for each bicycle type indicate that sports bicycles stand out and lead with a high margin. This segment is expected to hold a market value of over US$ 500 Mn by the end of 2026, growing at a CAGR of 4.1% during the forecast period. This is a result of a rise in cyclists’ training and racing intensity. The growing enthusiasm among professional cyclists and sports lovers to monitor and collect data pertaining to their training exercises is anticipated to be the most prominent driving factor in the global cycling power meter market over the forecast period.

Special characteristics of power meters and growing health consciousness among people to increase the demand for different types of bicycles with advanced power meters

Technological enhancements have improved the features of power meters. The new and advanced wireless power meters equipped in bicycles today are waterproof, durable, drop resistant and vibration resistant, and offer enhanced accuracy. These factors have increased the demand for power meters in the global bicycle market. With the rise in adoption of these advanced meters, there is also an increase in the usage of bicycles with power meters by health conscious individuals. More people are indulging in physical activities and regular exercising these days and this has helped the bicycle market grow; in turn boosting revenue growth of the global cycling power meter market. One of the major advantages of using bicycles is that there is no need for any external fuel or source of supply to drive the system. Moreover, the world is facing a problem in preserving the natural resources and hence in future, there will always be a possibility of depletion of resources. In order to save oil and fuel, people more often tend to cycle to the distances that are close enough for them. The high rate of bicycle usage is mostly seen in China and in European countries such as The Netherlands and Germany.  These factors are positively impacting the global cycling power meter market.

Lack of dedicated cycling tracks still stands as a hurdle in the growth of the cycling power meter market

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The bicycle market already faces a lot of limitations due to the current lifestyle of people. The other hurdle lies in the non-availability of proper tracks for bicycles. In countries such as India, Indonesia, and Brazil where the population is high, there are very few dedicated cycling tracks built by the authorities. Growth of the global bicycle market is dependent on the availability of a proper network of roads and good connectivity among different regions. One of the main challenges for government authorities and manufacturers has been the creation of good cycling tracks. The need of the hour is to create a bicycle friendly world with safe and convenient cycling tracks so as to avoid accidents and injuries to people. Lack of good tracks to ply bicycles can negatively impact revenue growth of the global bicycle market and in turn adversely affect the global cycling power meter market.

Data Analysis and Projection

Data analysis and projections were made based on proprietary research frameworks and statistical analysis, which was further validated from industry participants. These frameworks include Y-o-Y growth projections, macro-economic factor performance, market attractiveness analysis, key financial ratios, and others.

For public companies we capture the data from company website, annual reports, investor presentations, paid databases. While for privately held companies, we try to gather information from the paid databases (like Factiva) and based on the information we gather from databases we estimate revenue for the companies. In addition, the team tries to establish primary contact with the companies in order to validate the assumptions or to gather quality inputs.

Standard Report Structure

Executive Summary
Market Definition
Macro-economic analysis
Parent Market Analysis
Market Overview
Forecast Factors
Segmental Analysis and Forecast
Regional Analysis
Competition Analysis
Target Audience

Production Companies
Suppliers
Channel Partners
Marketing Authorities
Subject Matter Experts
Research Institutions
Financial Institutions
Market Consultants
Government Authorities
Market Taxonomy

By Mount Type

Hub Based
Bottom Bracket Based
Chaining Based
Pedal Based
Crank Arm Based
By Bicycle Type

Sports Bicycle
Road Bicycle
Mountain Bicycle
By Region

North America
Europe
Latin America
APAC
MEA

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