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Pedelec Market

Pedelec Market — Top players are Derby Cycle AG (Germany), Yamaha corporation (Japan), BH Bikes (Great Britain)
Pedelec Market — Top players
are Derby Cycle AG (Germany),
Yamaha corporation (Japan),
BH Bikes (Great Britain)
A Pedelec which is also called 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 (16 mph) 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
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Major drivers of the global pedelec market includes advantages, such as energy saving by using
electronic controllers for automatically cutting down the motor’s power whenever the rider stops
pedaling or breaches the bike’s set speed limit. There has been increasing demand for eco-friendly
transportation such as Pedelec due to growing emphasis towards the development of the sustainable
environment for the future generation. Also, increasing health concerns among the consumers,
especially baby boomers and working professionals is propelling the growth of this pedelec market
share. Pedelec cycles offer health benefits as the driver has to pedal to move forward, taking the aid
from the electric motor. As the government is focusing on pollution reduction, and electro mobility, zero
emission vehicles are being rapidly promoted through incentives. This will indeed lead to increasing
focus on electric bikes and thus, a significant rise in the sales of electric bikes is expected over the
forecast period. Market challenge for the pedelec market has been the cost of the vehicle which is
comparatively higher than normal cycles.
The global pedelec market can be segmented based on Cycle type, Battery Types, and region. Based on
Cycle type, the pedelec market can be bifurcated into MTB, Race, Cross, Urban, Portable. Based on
Battery Type, the global pedelec market can be segmented into SLA, Nimh, and SCiB.In terms of
distribution channel, the market can be classified into online and offline. The online segment is subsegmented into company websites, and e-commerce sites.
Based on region, the pedelec market can be split into North America, Europe, Asia Pacific, Middle East &
Africa, and South America. In North America, a variety of factors contributed, such as the ongoing
headwinds for diesel technology and increasing customer interest in EVs. European market is expected
to be boosted by the government regulations related to the use of electric vehicles which will help to
curb environmental pollution. Also, rise in demand for electric vehicles fuels the market growth.
Increasing spending power of consumers has propelled the sales of Pedelec in Asia Pacific. Also, rapid
growth in urbanization across the region has boost for purchasing of Pedelec across the region. All these
factors are expected to drive the market in Middle East & Africa. In South America, new steps are being
taken by the governments of various countries, to increase the acceptance of electric vehicles, ex: Step
for building convenient charging stations, have added to the growth of the electric vehicle market in the
region. Electric Vehicles are also free from excise tax, in countries like Argentina. Asia Pacific region is
expected to grow at a higher rate and will dominates the global pedelec market, throughout the
forecast period
Major players operating in the global pedelec market include Derby Cycle AG (Germany), Yamaha
corporation (Japan), BH Bikes (Great Britain), Panther International GmbH (Germany), Giant Bicycle Inc.
(U.S.), Helkama Velox (Finland), M1-Sporttechnik (Germany) Pedego Electric Bikes (U.S.), Magnum Bikes
USA (U.S.) and Visiobike (Croatia). Leading manufacturers of Pedelec are involved in the manufacturing
of cost-effective and lightweight vehicles to improve the overall performance of vehicles.
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