Pedelec Market To Witness An Outstanding Growth By 2021 – 2031

Fact.MR’s report predicts the global sales for pedelecs to exceed US$ 55 Bn by registering a positive a CAGR of 7% for the forecast period 2021-2031. Consumers are becoming extremely conscious about the environment and their physical fitness is auguring well for pedelec market players. This, in turn, has spurred the demand for pedelecs.

Historically, between 2016 and 2020, sales of pedelecs surpassed US$ 26 Bn in 2019, experiencing a CAGR of over 3% across the aforementioned period. While initial projections during 2020 appeared glum, amid production crunches experienced during the height of COVID-19. Eventually, however, this translated into an opportunity as consumers began working on their fitness regimes, impelling sales of electric bikes and pedelecs.

Technological advancements in batteries and fuel cells are bringing in new varieties and improved efficiencies of electric motors used in pedelecs, thereby, enabling pedelec market players to launch more energy-efficient models. In addition, pedelecs are space and cost effective. These factors have increased the popularity of pedelecs amongst consumers.

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Pedelec Market- Scope of Report:

A recent study by Fact.MR on the pedelec market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering pedelecs.

The study also provides the dynamics responsible for influencing the future status of the pedelec market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the pedelec market, along with their product portfolios, enhances the reliability of this comprehensive research study.

Competitive Landscape:

Prominent players in the pedelec industry include Giant Bicycle Inc., Yamaha Corporation, Derby Cycle AG, M1-Sporttechink, Helkama Velox, Pedego Electric Bikes, Magnum Bikes USA, Panther International GmbH, Visiobike, and BH Bikes among others.

• In July 2018, Yamaha Corporation launched the new Civante Class 3 electric power assist bicycles which derives its power from the company’s PWSeries SE motor, which delivers a seamless e-bike assist experience
• In September 2021, Giant Bicycles Inc. reported that its Defy Advanced Pro, comprising of a lightweight composite frameset engineered for smooth-riding compliance, cleared the Cycling Plus/BikeRadar endurance road bike test, earning the moniker of the ideal top-class endurance bike
• Shimano, Inc., a cycling component manufacturer, announced that in the second half of the year 2018, it will introduce innovative products to expand the range of Shimano STEPS pedelec systems, mainly focusing on its top model of e-bikes – E800.

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Key Segments Covered In:

• Battery Type

  • Nickel-Cadmium Battery Powered Pedelec
  • Lithium-Ion Battery Powered Pedelec
  • Sealed Lead Acid Battery Powered Pedelec
  • Nickel Metal Hydride Battery Powered Pedelec

• Product Type

  • e-MTB Pedelec
  • Race Pedelec
  • Cross Pedelec
  • Urban Pedelec
  • Foldable Pedelec

• Motor Topology

  • Center Motor Pedelec
  • Rear Motor Pedelec
  • Front Motor Pedelec

Report Benefits & Key Questions Answered

• Pedelec Historical volume analysis: The report offers a comparative analysis between historic sales of Pedelec and projected sales performance for 2021-2031
• Pedelec Category & segment level analysis: Fact MR presents a comprehensive analysis of factors enabling sales growth across key segments. It underscores chief growth drivers and offers valuable information to identify sales prospects a local and regional levels
• Pedelec Consumption by demographics: To offer informed recommendation, the report studies behavior and consumption pattern of consumers. The demographics analysis is intended at helping business better understand consumer preference and design their product and market strategies around it
• Post COVID consumer spending on Train Control And Management Systems: The Fact MR market survey carefully studies consumer spending behavior post COVID-19. It gauges how prevailing trends have influenced their behavior, subsequently impacting their spending power

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