Cycling Power Meters Market to Cross US$ 780 Mn at a CAGR of 3.7% Between 2022 and 2026

Cycling Power Meters Market 2022

Cycling Power Meters Market is expected to grow at a CAGR of 3.7% during the forecast period, reaching a market value of over US$ 780 Mn by the end of 2026. Integration of the Internet of Things (IoT) in Cycling Power Meter Components Trending the Global Market. 

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The global cycling power meter market is projected to have a good future in the coming years, but is expected to grow at a sluggish rate. The slow growth is the result of slow awareness of bicycles with power meters in the market. People are adopting healthier lifestyles, which has turned out to be a major driver behind the growth of the cycling power meter market. Further details of the global market are revealed in a new research report by Persistence Market Research titled 'Cycling Power Meter Market: Global Industry Analysis 2013- 2017 and Forecast 2018-2026'.

The report forecasts the global bicycle accessories market to grow at a healthy rate over the forecast period owing to the significant increase in the global demand for bicycles, with sales expected to increase by almost 20%. Furthermore, sales are supported by stable demand in APAC and Europe and continued but slower growth in emerging markets, especially China. 

Key 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.

Complete Report Details@https://www.persistencemarketresearch.com/market-research/cycling-power-meter-market.asp

What's Trending the Global Market?

Wireless communication facilities is the new trend in the cycling power meter market. Deployment of advance satellite systems and improvements in networks is creating better wireless communication facilities in the cycling power meter market. This has significantly rendered the meters efficient and reduced the burden of wires and connection related infrastructure. The bicycle industry is also adopting the trend of wireless technologies resulting in more sophistication in cycle accessories.

Many companies are offering simplified power meters with wireless sensors and controllers. These may demand higher component costs but significantly reduce the cost involved in wiring layups. This also includes integration of the Internet of Things, which facilitates terminals with intelligent operations of various components and systems that are interconnected. IoT offers the next level of automation by setting up interactive systems between different sensors and cycling systems and enables self-detection and switching off of the components.

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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Key Questions Answered in Cycling Power Meters Market Report -

• Who are the Major Manufacturers and Suppliers of Cycling Power Meters?
• What will the Cycling Power Meters Market growth rate in Future?
• What are the key factors driving the global Cycling Power Meters Market?
• Who are the key manufacturers in Cycling Power Meters Market space?
• What are the opportunities and threats faced by the vendors in the global Cycling Power Meters industry?
• What are sales, revenue, and price analysis by regions of Cycling Power Meters industry?

Request you to Read More-

Bicycle Accessories Market - https://www.persistencemarketresearch.com/market-research/bicycle-accessories-market.asp

Motorcycle Market - https://www.persistencemarketresearch.com/market-research/motorcycle-market.asp

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