The shear resistance mechanisms of a reinforced concrete (RC) member with shear reinforcement can be divided into the contributions of concrete and shear reinforcement. The shear resistance mechanisms of concrete can be further divided into the shear resistance of intact concrete in the compression zone, the aggregate interlock in the cracked tension zone, and the dowel action of the longitudinal tension reinforcement. In this study, the shear demand curves and potential shear capacity curves for both tension and compression zones were derived with the assumption that the shear failures of RC members are dominated by the flexural-shear strength. On this basis, the shear capacity model was also proposed. In the proposed model, the crack width and the local stress increase in reinforcements were calculated based on the bond behavior between the reinforcement and its surrounding concrete, and the crack concentration factor was introduced to consider the formation and propagation of the critical shear crack developed from the flexural cracks. A total of 940 shear test results was collected and compared with the analysis results provided by the proposed model, and it was demonstrated that the proposed model provided a good estimation on the shear strengths of RC beams.