The term Pedelec refers to a pedal-assisted electric bicycle which has an electric motor. A battery-powered electric motor assists with pedaling on the bicycle. Pedelec contains electronic controllers that automatically cut the motor's output when the operator stops pedalling or exceeds the bike's speed limit. The throttle on these bicycles is missing
The size of the global market for Pedelec is expected to reach USD 40.98 billion by 2030, expanding at a compound annual growth rate (CAGR) of 9.6 %.
Covid-19 Impact & Market Status:
The popularity of Pedelec has grown in recent years. Pedelec, like most sectors, saw a downturn during and after the COVID-19 pandemic, owing to the entire shutdown of manufacturing sites, strict COVID-19 criteria to be followed while manufacturing and disruption of supply chains, among other factors. Many new businesses have begun to sell Pedelecs. Manufacturers are intending to extend their facilities to target markets as demand for Pedelec has grown across the country in recent years. Leading global manufacturers have also entered the market to meet rising market demand as younger generations become more aware of fitness and health.
Consumers are moving away from petrol/diesel automobiles as they become more conscious of the harmful environmental effects of internal combustion engines in conventional vehicles. Pedelecs, unlike internal combustion engines in vehicles, produce no harmful emissions or contribute to air pollution, making them a sustainable means of transportation. As a result, one of the most important reasons driving market growth is pedelecs' environmental importance.
Pedelec market players are looking for new technological solutions, such as intelligent control systems, that will allow for the deployment of automatic or semi-automatic transmission in pedelecs for better energy efficiency. These technical advances are expected to become dominant trends in the pedelecs market in the approaching years.
The Asia Pacific market is expected to grow significantly due to a large manufacturer and exporter in the region. Furthermore, as consumer awareness of cost-effective and environmentally friendly commuting grows throughout Asia Pacific, so does electric bike adoption.
Governments all over the world have developed legal requirements that all pedelecs manufactured and sold must meet, and this has pushed pedelec market companies to change their key business strategy. As a result, pedelec sales are increasing as they correspond to safety standards.
The global Pedelec market was valued at USD 11610 million in 2022, and is predicted to grow to USD 33380 million by the end of 2029, with a CAGR of 16.1% from 2022 to 2026.
The rise in fitness and health awareness among younger generations is a major reason in the Pedelec market's expansion.. Pedelec allows the user to peddle and ride at the same time while employing an electric motor. Pedelecs include an electrical controller that turns off the motor when the rider pedals or reaches a specified speed - usually 25 km/h (16 mph).
The pedelec market is predicted to grow in size as people become more concerned about traffic congestion. Traffic congestion is a problem in several countries, particularly in congested cities. As a result, states and local governments support the usage of electric bicycles for transportation in cities to alleviate traffic congestion. E-bikes will reduce the number of cars on the road and result in less traffic bottlenecks because they take up the least amount of space. However, the high cost of these motorcycles limits market expansion.
The major market players of Pedelec Market are Yamaha corporation (Japan), BH Bikes (Great Britain), Derby Cycle AG (Germany), Panther International GmbH (Germany), M1-Sporttechnik (Germany), Giant bicycle Inc. (U.S.), Pedego Electric Bikes (U.S.), Magnum Bikes USA (U.S.), Helkama Velox (Finkand), and Visiobike (Croatia).
Major Developments in the Global Pedelec Market:
- Pedelec market players are looking for new technological solutions, such as intelligent control systems, that will allow for the deployment of automatic or semi-automatic transmission in pedelecs for better energy efficiency. These technical advances are expected to become dominant trends in the pedelecs market in the approaching years.
- In September 2021, Giant Bicycles Inc. revealed that their Defy Advanced Pro, which has a lightweight composite frameset for smooth riding compliance, had passed the Cycling Plus/BikeRadar endurance road bike test, earning the distinction of "ideal top-class endurance bike."
- In July 2018, Yamaha Corporation released the Civante Class 3 electric power assist bicycles, which are powered by the company's PWSeries SE motor and offer a smooth e-bike assist experience.
- Shimano, Inc., a cycling component manufacturer, has announced that in the second half of 2018, it would introduce new things to expand the range of Shimano STEPS pedelec systems, with an emphasis on its top model of e-bikes, the E800.
Pedelec Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 33380 million|
|Growth Rate||CAGR of 16.1% during 2021-2028|
|Segment Covered||Bicycle Type, Battery Type, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and South Africa|
|Key Players Profiled||BH Bikes (Great Britain), Derby Cycle AG (Germany), Panther International GmbH (Germany), M1-Sporttechnik (Germany), Giant bicycle Inc. (U.S.), Pedego Electric Bikes (U.S.), Magnum Bikes USA (U.S.), Helkama.|
Key Segments of Pedelec Market
Bicycle Type Overview, 2022-2029 (USD Million)
Battery Type Overview, 2022-2029 (USD Million)
Regional Overview, 2022-2029 (USD Million)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa