2024 Cycling Power Meter Trends and Key Insights

Original by: Josh Matthew, Power Meter City (edited)

Power Meter City sells all the top power meter brands. Based on actual sales figures, here is their take on the top brands, power meters sold, and the latest trends in the industry!

Power Meter Sales by Discipline

Power meter sales by discipline reveal intriguing trends in the cycling market’s evolution. Historically, road power meters have dominated, accounting for over 75% of total sales. This dominance has led to roughly twice as available road power meters as MTB options.

In 2024, however, the landscape shifted significantly. As illustrated in the chart, road and MTB power meter sales reached near parity, capturing 44% and 45% of the market, respectively, with gravel and track disciplines making up the remainder. This remarkable change is attributed mainly to the success of the Favero Assioma PRO MX-2 and MX-1 power meter pedals, which have been pivotal in reshaping the market.

Introduced in February 2024, the Favero Assioma PRO MX power meter pedals quickly became a market favourite. Favero’s longstanding reputation for producing high-quality power meter pedals contributed to the PRO MX’s strong reception, with robust sales from the outset. These pedals have significantly boosted the popularity of mountain bike power meters, helping MTB gain market share relative to road power meters.

The gravel power meter market has also seen consistent growth, driven primarily by the rising popularity of gravel racing in the U.S. As gravel racing expands, the demand for gravel-specific power meters will follow suit.

*The gravel power meter category only includes power meters explicitly designed for gravel groupsets. It is important to note that some MTB pedals like the Favero Assioma PRO MX or road power meters like SRAM Force AXS power meter crank arms are often purchased for use on gravel bikes. Still, these were not included in the gravel portion of this data.

Most Popular Power Meter Brands

1. Favero
2. SRAM/Quarq
3. Sigeyi
4. 4iiii
5. power2max

Favero emerged as the most popular power meter brand of 2024, which is no surprise. Their PRO MX power meter pedals have succeeded and are specifically designed for off-road use. Featuring Shimano SPD cleats, these actual MTB-style pedals offer easy installation, bike portability, and exceptional accuracy of ±1.0% thanks to Favero’s reliable IAV Power Technology. Their performance and versatility have made them an excellent choice for many riders.

Second is SRAM/Quarq, a well-known power meter brand. Their extensive product lineup includes options for road, gravel, and MTB disciplines, with prices ranging from $220 for the SRAM Apex AXS Power Meter Crank Arm (a single-sided power meter) to $1,200 for the SRAM RED E1 AXS Power Meter Crankset (a dual-sided option). With 24 different SRAM and Quarq power meters available, their strong presence in the market is unsurprising.

Sigeyi takes third place with its spider-based AXO power meters, which are reliable, accurate, and affordable. Offering dual-sided power measurements for just $380, Sigeyi delivers exceptional value. They also cater to various cranksets, including SRAM (3-bolt and 8-bolt), Praxis, ROTOR, Easton, Race Face, Shimano, and Cane Creek.

Fourth on the list is 4iiii, which owes much of its popularity to the affordability and ease of installation of its left-side power meter crank arms. While these measure only left-leg power, they remain a popular choice. The 4iiii PRECISION 3+ PRO Shimano DURA-ACE 9200 Dual-Sided Power Meter has also seen strong sales. With Stages ceasing operations this year, 4iiii’s rise into the top five is a natural development.

Rounding out the top five is power2max, known for its diverse range of NG and NGeco spider-based power meters. These models are compatible with various cranksets, covering road, gravel, MTB, and track disciplines. Power2max has long been a rider favourite. However, NGeco’s price—typically $100–$200 higher than Sigeyi’s comparable models—likely accounts for its lower ranking despite its strong market position.

Most Popular Power Meters

1. Favero Assioma PRO MX-2 MTB Power Meter Pedals
2. Sigeyi AXO SRAM MTB Power Meter
3. Favero Assioma PRO MX-1 MTB Power Meter Pedals
4. SRAM Rival AXS Power Meter Crank Arm
5. 4iiii Precision 3+ Shimano GRX RX810 Power Meter

The Favero Assioma PRO power meter pedals have dominated the market this year, standing out as one of the most significant power meter releases 2024. As reflected in sales rankings, the dual-sided MX-2 model outsells the single-sided MX-1 by a ratio of approximately 2-to-1, underscoring its popularity among riders.

Among Sigeyi’s offerings, the AXO SRAM MTB 3-Bolt Power Meter secured the second spot on the list. While SRAM has shifted towards an 8-bolt interface, many mountain bikes still utilise the 3-bolt crankset. At $380, the AXO provides an excellent dual-sided power meter solution for these bikes, making it a compelling choice for riders seeking quality and affordability.

The SRAM Rival AXS Power Meter claimed fourth place, a slight surprise. Its ranking highlights the prevalence of Rival-equipped bikes in the market. At just $263, it is also one of the most budget-friendly power meter options available, further contributing to its strong sales performance.

Finally, the 4iiii Precision 3+ Shimano GRX RX810 crank arm completes the list. With the growing popularity of Shimano GRX, this power meter offers an affordable option at $389.99. Notably, it is compatible with all 11- and 12-speed Shimano GRX cranksets, including GRX 600, 610, 810, and 820 models, making it a versatile choice for gravel enthusiasts.

Top Power Meters By Discipline

Road

1.  SRAM Rival AXS Power Meter Crank Arm
2. 4iiii PRECISION 3+ Shimano R7000 Power Meter
3. Favero Assioma DUO Power Meter Pedals
4. SRAM Force AXS Power Meter Crank Arm
5. Favero Assioma DUO-Shi Power Meter Spindles

MTB

1. Favero Assioma PRO MX-2 MTB Power Meter Pedals
2. Sigeyi AXO SRAM MTB Power Meter
3. Favero Assioma PRO MX-1 MTB Power Meter Pedals
4. SRAM X0 Eagle AXS Transmission Power Meter Spindle Crankset
5. SRAM XX Eagle AXS Transmission Power Meter Spider

Gravel/XC

1. 4iiii PRECISION 3+ Shimano GRX RX810 Power Meter
2. power2max NGeco ROTOR ALDHU 24MM GRX Power Meter Crankset
3. power2max NGeco ROTOR ALDHU 24MM Gravel Power Meter Crankset
4. SRAM Rival 1 AXS Wide Power Meter Crankset
5. SRAM RED E1 XPLR AXS Power Meter Crankset

Track

• power2max NGeco ROTOR ALDHU Track Power Meter
• XCADEY XPOWER-S GEN2 ROTOR Track Power Meter
• SRM PM9 Origin Track Aluminum Power Meter
• power2max NG ROTOR ALDHU Carbon Track Power Meter Crankset
• power2max NGeco ROTOR p2m Edition Track Power Meter Crankset

This section covers several key trends across different cycling disciplines, summarised with high-level insights:

Road: Favero’s road power meter pedals remain highly popular. While the new PRO MX pedals have been standout performers this year, the DUO (dual-sided for LOOK Keo cleats), UNO (single-sided for LOOK Keo cleats), and DUO-Shi (dual-sided for Shimano pedals) continue to achieve strong sales.

Gravel: Leading the gravel category is the 4iiii Precision 3+ Shimano GRX RX810 Power Meter, as previously highlighted. Power2max also offers a wide selection of gravel power meter cranksets featuring ROTOR crank arms in high demand. For those with compatible cranks, the power2max gravel spider is available as a standalone unit, adding flexibility for riders.

MTB: The top three MTB power meters—discussed earlier—remain dominant in this category. The SRAM X0 Eagle AXS Transmission Power Meter Spindle Crankset is a popular choice, offering a spindle-based design for 55 mm chain line frames at a $400 price point.

Track: Power2max secures a strong presence in the track segment with its diverse range of spider-based track cranksets, holding three spots in the top five. XCADEY and SRM complete the list, both known for their high-quality spider-based power meters tailored to track cycling

*The gravel power meter category listed here only includes power meters explicitly designed for gravel groupsets. It is important to note that some MTB pedals like the Favero Assioma PRO MX or road power meters like SRAM Force AXS power meter crank arms can be used on gravel bikes but were not included in this list. 

Most Popular Power Meters by Type

This article categorises power meters into four main types: Pedals, Left-Side Crank Arms, Standalone Spiders, and Complete Cranksets.

Road Power Meters

The road category saw a relatively even distribution across these types, with left-side crank arms emerging as the most popular in 2024, accounting for 38% of sales. Their affordability and ease of installation make them a top choice for riders upgrading their cranksets. However, many cyclists opt to replace their entire crankset, often to adjust crank length or upgrade to lighter components, leading to crankset power meters taking second place at 23%.

Spider-based power meters closely followed, claiming 21% of sales. Spiders are favoured for their dual-leg power measurement, reliability, and affordability, with models starting at $329. Their compatibility with a wide range of cranksets also adds to their appeal.

Power meter pedals ranked fourth at 18%. Despite their popularity for ease of installation and universal bike compatibility, their higher price point might contribute to their lower share. For example, while the Favero Assioma UNO is priced at $495, the average cost for road power meter pedals is closer to $895, significantly higher than crank arms or spider power meters.

The MTB category displayed more distinct preferences—spider-based power meters led with a 41% market share, followed by pedals at 39%. Cranksets and crank arms lagged at 14% and 6%, respectively. This distribution likely reflects the limited availability of crankset and crank arm options for mountain bikes compared to road bikes, shifting demand towards spiders and pedals.

Spider power meters are particularly well-suited for MTB riders concerned about pedal strikes or the rugged conditions of off-road riding. They combine reliability and durability, making them a top choice in this segment. Meanwhile, the success of MTB pedals, which hold a 39% market share, can be almost entirely attributed to the Favero Assioma MX-1 and MX-2 pedals, which have become immensely popular since their launch.

Single- vs. Dual-Sided Power Meters

Before delving into the data, clarifying the terminology used in this discussion is essential. A single-sided power meter measures power exclusively from the left leg and doubles that value to estimate total power output. In contrast, dual-sided power meters capture power from both legs, typically through devices like spiders, dual-sided pedals, or cranksets. Some advanced dual-sided power meters also provide independent left/right power measurements, indicating the specific contribution of each leg. However, this article focuses solely on comparing power meters that measure one leg versus both legs. With that clarification in mind, let’s examine the data.

The trends in this section align closely with the earlier analysis of the most popular power meter types. Spiders, most cranksets, and pedals are inherently dual-sided, and together, these categories accounted for 62% of all road power meters sold in 2024. As a result, it’s unsurprising that dual-sided power meters dominate with a 57% to 43% split in the road segment.

The pattern is even more pronounced in the MTB segment, where spiders, cranksets, and pedals represented 94% of all MTB power meters sold in 2024. This distribution naturally explains why dual-sided power meters outnumber single-sided options by nearly a 2:1 ratio.

Most Affordable Power Meters

Road

1. SRAM Apex AXS Power Meter Crank Arm – $220.00
2. SRAM Rival AXS Power Meter Crank Arm – $263.00
3. Magene PES Road Power Meter Crankset – $299.00
4. XCADEY XPOWER-S GEN2 Road Power Meter -$329.00
5. 4iiii PRECISION 3+ Factory Install – $329.99

MTB

1. SRAM X0 Eagle AXS T-Type Left Arm Spindle Power Meter – $326.00
2. XCADEY XPOWER-S Gen2 Power Meter – $329.00
3. 4iiii PRECISION 3+ Factory Install – $329.99
4. Sigeyi AXO Power Meter -$380.00
5. 4iiii PRECISION 3+ Shimano XT M8100/8120 Power Meter – $389.99

While power meters have become more affordable over the years, they remain a significant investment for many cyclists. For this reason, it’s worth highlighting some of the more budget-friendly options available.

For road and MTB riders, SRAM offers left-side crank arm power meters that stand out as affordable, particularly for Apex, Rival, and X0 cranksets. These models require replacing the existing left crank arm with a power-equipped version and are compatible only with bikes already fitted with these groupsets.

Additionally, XCADEY and Sigeyi provide excellent value with their power meter spiders, priced at $329 and $380, respectively. Both companies offer a range of spiders suitable for road, MTB, and track cranksets. These models represent a substantial cost saving compared to similar products from other manufacturers, making them an attractive option for budget-conscious cyclists.

Most Expensive Power Meter

This year’s most costly option is the SRM PM9 Origin Road Carbon Power Meter, priced at $2,699, excluding chainrings.

SRM, the first company to produce power meters since the late 1980s, is known for making some of the most precise and reliable models. The SRM PM9 Origin Road Carbon Power Meter is their flagship road power meter, featuring the latest PM9 spider, a LOOK carbon crank arm with Trilobe Technology, and a titanium spindle.

The crankset is available in several configurations, with the version described above showcasing the highest-end components. Opting for less expensive crank arms and a spindle can bring the price down by $1,000, lowering it to $1,599.

While many excellent power meters are available for much less, and the company often recommends more affordable options to customers, the SRM PM9 Origin Road Carbon Power Meter remains popular, occasionally making it challenging to keep in stock.

Power Meter Trends

Shorter Crank Arms
A trend that began in the triathlon community over 20 years ago, shorter crank arms have gained popularity in mountain biking and are gradually making their way into road cycling. In mountain biking, shorter cranks help reduce the likelihood of rock strikes and provide more clearance for pedalling through corners. Road cyclists they can improve clearance and open the hip angle for a more comfortable pedalling position. While shorter cranks offer these benefits, consulting with a bike fitter is always recommended to determine the ideal crank length for each rider.

1x Chainring Drivetrains
Once limited to mountain biking, 1x drivetrains have expanded to gravel and road bikes. With larger cassettes, many riders have abandoned the front derailleur for simplicity, weight savings, and more effortless shifting. Even the World Tour team, Visma-Lease a Bike, has adopted 1x drivetrains and remains competitive in races. As the popularity of 1x drivetrains has increased, chainrings are now available in various materials, shapes, styles, and colours.

Decrease in Troubleshooting
Power meters have become more reliable than ever. While some customers may still encounter issues, the overall technology and manufacturing processes have improved significantly. The growing range of functions and features has not compromised quality, and the competitive market has driven manufacturers to prioritise reliability. As a result, more riders are experiencing fewer issues with their power meters.

More Rechargeable Batteries
Rechargeable batteries are becoming more common in power meters, offering convenience for riders who prefer to use multiple devices from the same manufacturer. Rather than relying on replaceable batteries, rechargeable power meters only require a single charging cord for all compatible devices, streamlining the process for users with multiple power meters.