Pedelec Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

A pedelec is also known as low-powered pedal electric cycle, is a bicycle where the small electric motor controls the rider's pedaling. An electric controller is included in the pedelecs to control the speed by cutting power to the motor when the rider is not pedaling or when a certain speed-limit is reached. People living in hilly areas or strong headwinds find pedelecs to be very useful. They rely on the pedelec rather than using fully motorized transport. Pedelec electric cycle is particularly useful to the elderly people who may no longer have the capacity to perform the strong effort that climbing demands.

MARKET SCOPE

The "Global Pedelec Market Analysis To 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The pedelec market report aims to provide an overview of the pedelec market with detailed market segmentation by bicycle type, battery type, and geography. The report provides key statistics on the market status of the leading pedelec market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   The global pedelec market is segmented on the basis of bicycle type and battery type.
  
•   Based on bicycle type, the pedelec market is segmented into: MTB, race, cross, urban, and foldable.
  
•   On the basis of battery type, the pedelec market is segmented into: SLA, Nimh, and SCiB.
  

MARKET DYNAMICS

Drivers:

•   The advantages including energy saving by using electronic controllers for automatically cutting down the motor's power is driving the growth of the pedelec market.
  

Restraints:

•   The cost of the vehicle which is comparatively higher than normal cycles may restrain the growth of the pedelec market.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Pedelec market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Pedelec market in these regions.

IMPACT OF COVID-19 ON PEDELEC MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the Pedelec market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Pedelec market market are anticipated to lucrative growth opportunities in the future with the rising demand for Pedelec market in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Pedelec market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   BH Bikes
  
•   Derby Cycle AG
  
•   Giant Bicycle Inc.
  
•   Helkama Velox
  
•   M1-Sporttechnik
  
•   Magnum Bikes
  
•   Panther International GmbH
  
•   Pedego Electric Bikes
  
•   Visiobike
  
•   Yamaha Corporation
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Pedelec Report Scope