Adoption of Pedelec Market To Surge During Forecast Period Owing To Increased Consumer Demand : Fact.MR

Latest industry analysis by Fact MR, predicts sales of Pedelec to swell at propelled CAGR through 2031, as automotive sales gradually recover across the world. The report is intended at presenting insights into hidden growth opportunities and challenges. It also offers recommendations to help businesses to prep for unforeseen challenges.

The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.

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The report offers actionable and valuable market insights of Pedelec. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Pedelec Market across various industries and regions.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Pedelec market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Pedelec

Competitive Landscape

Manufacturers are capitalizing on introducing new product lines, equipped with the latest mobility technologies. These innovations are aimed at providing a seamless biking experience by providing smooth ergonomics and enhance riding efficiency.

  • 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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Pedelec Industry Snapshot

Fact.MR- a market research & competitive intelligence provider- establishes that the global market for pedelecs is anticipated to reach US$ 55 Bn by the end of the 2021-2031 forecast period. As of 2021, the market is expected to be valued at US$ 28 Bn. As per the report, the industry is slated to witness an expansion rate of nearly 2x.

Key Segments Covered

  • 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 Company & brand share analysis: The report offers in-depth Pedelec brand share analysis to estimate percentage of the market covered by Tier 1, Tier 2, and Tier 3 companies
  • 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 Pedelec: 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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Key Takeaways from the Market Study

  • Asia is expected to possess nearly 80% market share for pedelecs until 2031
  • Europe to account for over 45% of market share from 2021 to 2031
  • By battery type, lithium-ion batteries expected to possess 50% market share
  • Foldable pedelecs expected to surge at a CAGR of 7% across the forecast period
  • China, Germany and France top three countries driving sales of pedelecs market

“Mounting concerns regarding increasing carbon footprints left by conventional fossil fuel driven vehicles is prompting users to switch over to more sustainable transport alternatives, impelling pedelec sales,” opines a Fact.MR analyst. 

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