Pedelec Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR70388

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The pedelec market has the potential to grow by 14.13 million units during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 9%.

This pedelec market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report provides extensive insights on segmentation by type (conventional pedelec and s-pedelec) and geography (APAC, Europe, North America, MEA, and South America). The pedelec market report also offers information on several market vendors, including Accell Group NV, BH BIKES EUROPE SL, and Derby Cycle Holding GmbH, among others.

What will the Pedelec Market Size be in 2021?

Pedelec-Market-Market-Size-2020-2025

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Pedelec Market: Key Drivers and Trends

The growing demand for eco-friendly transportation is notably driving the pedelec market growth, although factors such as the higher cost of pedelecs than bicycles may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the pedelec industry get your FREE report sample now.

  • The growing demand for eco-friendly transportation is fueling the pedelecs market growth.
  • The present modes of transportation contribute significantly to environmental pollution.
  • With the growing need for environmental stewardship, the demand for eco-friendly modes of transportation such as pedelecs has grown significantly.
  • Pedelecs are increasingly becoming the bicycle of the future, as they are eco-friendly, reliable, and a recreational mode of transportation.
  • The shift toward compact cranks motors will be one of the key pedelecs market trends that will gain immense traction in the next five years.
  • Manufacturers are increasingly shifting towards developing compact and lightweight motors called crank motors.
  • This shift toward crank motors is attributable to the limitations associated with the conventional hub motors that include making the wheels heavy and the chances of overheating.

This pedelec market analysis report also provides detailed information on upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on market drivers, trends, and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Pedelec Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Accell Group NV
  • BH BIKES EUROPE SL
  • Derby Cycle Holding GmbH
  • Georg Fritzmeier GmbH and Co. KG
  • Giant Manufacturing Co. Ltd.
  • Klever Mobility Europe GmbH
  • LEADER Ltd.
  • Merida Industry Co. Ltd.
  • Trek Bicycle Corp.
  • Yamaha Motor Co. Ltd.

 

The pedelec market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the pedelec market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Pedelec Market?

Pedelec-Market-Market-Share-by-Region-2020-2025

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69% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for pedelec in APAC. Market growth in this region will be faster than the growth of the market in MEA, North America, and South America.

The rise in traffic congestion and lack of proper public road transport will facilitate the pedelec market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Type Segments in the Pedelec Market?

Pedelec-Market-Market-Share-by-Type-2020-2025

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The pedelec market share growth by the conventional pedelec segment will be significant during the forecast period. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the pedelec market size.

 

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What are the Key Factors Covered in this Pedelec Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive pedelec market growth during the next five years
  • Precise estimation of the pedelec market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the pedelec industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of pedelec market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The pedelec market growth will increase by $14.13 million units during 2020-2025.
The pedelec market is expected to grow at a CAGR of 9.00% during 2020-2025.
Technavio has segmented the pedelec market by type volume (Conventional pedelec and S-pedelec) ,other1 volume (Conventional pedelec and S-pedelec) , and geographic (APAC, Europe, North America, MEA, and South America).
Accell Group NV, BH BIKES EUROPE SL, Derby Cycle Holding GmbH, Georg Fritzmeier GmbH and Co. KG, Giant Manufacturing Co. Ltd., Klever Mobility Europe GmbH, LEADER Ltd., Merida Industry Co. Ltd., Trek Bicycle Corp., Yamaha Motor Co. Ltd. are a few of the key vendors in the pedelec market.
APAC will register the highest growth rate of 69.36% among the other regions. Therefore, the pedelec market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • Germany
  • Japan
  • The Netherlands
  • US
The key factors driving the pedelec market growth are:
  • Growing demand for eco-friendly transportation
The pedelec market vendors should focus on grabbing business opportunities from the conventional pedelec segment as it accounted for the largest market share in the base year.
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