Cycling Power Meters Market

Cycling Power Meters Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Cycling Power Meters Market: Introduction

Power meter is a device used to measure the power applied while operating the machine or assembly such as a bike or cycle. Power meters utilize a strain gauge and electronic circuitry to measure the power spent on the device.
In cycles, a strain gauge is embedded in the crank set to measure tiny amounts of deflection or bending in the crank that occurs due to pedaling forces
Rapid change in technologies and designs of cycles pose a challenge while designing power meters

Rise in Demand as People Move toward Healthier and Ecofriendly lifestyle

Rising awareness among people about health and nature has fueled the adoption of cycling as fitness workout and a greener mode of travel to nearby places
This trend had prompted numerous fitness brands to integrate a power meter in their products
The power meter helps analyze how much energy is spent during travel or during a workout. This helps the cyclist to monitor his or her performance and helps achieve his or her goals.
These meters are used in both indoor as well as outdoor equipment
Emerging trends such as IoT has made wireless communication a new trend. Moreover, faster networks and advanced satellite systems are also making wireless power meters more popular in the cycling power meter market.
Several sensors are also incorporated into these meters to provide more insights related to workouts or movements, making them more interactive.

North America to Hold Prominent Share of Global Market

North America and Europe are estimated to hold a notable share of the global market during the forecast period owing to the presence of high number of techno-savvy customers in these regions. Several government and private organizations are also promoting the use of bicycles and electric vehicles as modes of transport inside their campuses, and it is mandatory that every employee should follow this in order to improve air quality and decrease the pollution index inside companies.
The market in Asia Pacific is also projected to expand considerably, as the trend of utilizing power meters is gaining popularity among the young generation in countries such as China, India, Japan, and several other developing countries in the region

Key Players Operating in Global Cycling Power Meters Market

The key players engaged in the global cycling power meter market are including various features such as GPS computer, electronics group sets, and wireless system

Key players include: