Cycling Power Meters - Global Market Trajectory & Analytics

Global Cycling Power Meters Market to Reach $716.6 Million by 2027

Amid the COVID-19 crisis, the global market for Cycling Power Meters estimated at US$609.9 Million in the year 2020, is projected to reach a revised size of US$716.6 Million by 2027, growing at a CAGR of 2.3% over the analysis period 2020-2027. Sports Bicycle, one of the segments analyzed in the report, is projected to record a 2.5% CAGR and reach US$453.4 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Road Bicycle segment is readjusted to a revised 1.7% CAGR for the next 7-year period.



The U.S. Market is Estimated at $165 Million, While China is Forecast to Grow at 4.4% CAGR

The Cycling Power Meters market in the U.S. is estimated at US$165 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$141.9 Million by the year 2027 trailing a CAGR of 4.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.5% and 1.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1% CAGR.

Mountain Bicycle Segment to Record 2.1% CAGR

In the global Mountain Bicycle segment, USA, Canada, Japan, China and Europe will drive the 1.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$114.3 Million in the year 2020 will reach a projected size of US$128.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$97.2 Million by the year 2027, while Latin America will expand at a 2.8% CAGR through the analysis period.

Select Competitors (Total 45 Featured):

• 4iiii Innovations, Inc.
• Favero Electronics Srl
• Garmin Ltd.
• Pioneer Corporation
• Power2Max GmbH.
• Rotor Bike Components
• Saris Cycling Group, Inc.
• Shimano, Inc.
• SRAM LLC
• SRM GmbH
• Stages Cycling, LLC
• Verve Cycling Pty Ltd.