Global Pedelec Market Key Trends, Size, Growth, Shares and Forecast Research Report 2015-2019

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What is a padelecs and how are they useful?

Pedelec, an acronym for pedal assisted electric cycle, is an electric motor-supported bicycle. The chargeable battery-supported electric motor is intended to aid in pedalling.

The various advantages of the pedelec are listed below:

Apart from the aforementioned advantages, pedelecs also save energy by using electronic controllers for automatically cutting down the motor's power whenever the rider stops pedalling or breaches the bike's set speed limit. Many governments are launching policies that regulate power limits of pedelecs, and many have capped the limit at 250 watts.

Outlook of the global padelec market

In terms of unit shipments, the global pedelec market was valued at 28 million units in 2014, and Technavios market research analysts predict it to grow at a CAGR of over 5% during the forecast period. Analysts expect the demand and sales of pedelecs to increase considerably until 2019.

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The market is driven by the growing emphasis towards the development of the sustainable environment for the future generation, which in turn is increasing the demand for eco-friendly transportation such as electric bikes and pedelecs.

Additionally, growing health concerns among the consumers, especially professionals and baby boomers propels the growth of this market as it offers health benefits as the driver has to pedal to move forward, however with aid from the electric motor.

Geographical segmentation of the global pedelecs market

APAC

Americas

EMEA

The concept of pedelec was introduced in Europe during the early 2000's. The market has witnessed a significant number of technological innovations over the past decade across the globe. Yet, Europe remains the largest market with the highest...