Exterior Car Accessories Market Sales Forecasts Reveal Positive Growth Through 2026

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.

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FACTS AT A GLANCE

Companies: Garmin Ltd.,Pioneer Corp.,Shimano Inc.,SRAM LLC,SRM GmbH,Rotor Bike Components,Favero Electronics Srl,Stages Cycling, LLC,Saris Cycling Group,Verve Cycling,Watteam Ltd.,4iiii Innovations Inc.,Power2Max GmbH,Others.

Coverage: All major geographies and key segments

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Segments: By Mount Type(Hub Based,Bottom Bracket Based,Chaining Based,Pedal Based,Crank Arm Based); By Bicycle Type(Sports Bicycle,Road Bicycle,Mountain Bicycle)

Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

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ABSTRACT-

The global industry is currently witnessing a period of stabilization as steady sales continue to sustain growth for suppliers and OEMs. However, an industry that is undergoing one of the biggest transformation, the future truly looks uncertain. The auto industry has always remained fiercely competitive, with US, German, and Japanese OEMs relying on incremental upgrades to consolidate their position. However, as electric vehicles and driverless cars become a reality, traditional players are staring at a future they aren’t entirely familiar with. The next five years in this industry paint a picture of collaboration and competition with the Silicon Valley.This research report has a specific market study scope. It is a combination of research on cycle market and its component, i.e. cycling power meter market. The analysis includes an evaluation of cycling power meters’ demand in the global market and the factors influencing it. There is a brief overview of factors increasing bicycle’s demand and in turn cycling power meter’s demand.

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