Pedelec Market will envisage a healthy 5.5% value CAGR through 2027

8 in 10 Pedelec Sales Concentrated in Asia Pacific, China Continues to Spearhead Demand, Finds Fact.MR

Pedelec Marketplayers Concentrations Mapping

The pedelec market will surpass US$ 26 billion to record a healthy 3.1% y-o-y in 2019, reveals the latest market report published by Fact.MR. The study finds that consumer mindset inclined towards adopting sustainable modes of transportation will provide a fillip to growth of the pedelec market in the upcoming years.

The study thoroughly assesses growth parameters of the pedelec market to provide actionable insights for market players to plan salient business strategies for the coming future.

Some of the key findings of the Fact.MR report on pedelec market include

Consumers becoming extremely conscious about the environment and their physical fitness is auguring well for pedelec market players.

Pedelecs are proving to be a space-effective, cost-effective, and faster way to commute in urban areas. This is expected to play a pivotal role in developments in the pedelec market.

Recent technological advancements in batteries and fuel cells are bringing in new varieties and improved efficiencies of electric motors used in pedelecs, thereby, enabling pedelec market players to launch more energy-efficient models.

Low awareness about the availability of pedelecs – electric bikes that run on human energy as well as electric energy – is the primary reason why cycling enthusiasts are refraining to shift from conventional cycles to pedelecs.

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Stringent regulations being imposed on manufacturing and marketing of pedelecs are exhorting manufacturers in the pedelec market to make significant changes in their conventional business strategies. This may make it challenging for pedelec market players to launch competitive prices of pedelecs in the market.

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