A pedelec is also known 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-limit 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 demands.
MARKET SCOPE
The "Global Pedelec Market Analysis To 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The pedelec market report aims to provide an overview of the pedelec market with detailed market segmentation by bicycle type, battery type, and geography. The report provides key statistics on the market status of the leading pedelec market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- The global pedelec market is segmented on the basis of bicycle type and battery type.
- Based on bicycle type, the pedelec market is segmented into: MTB, race, cross, urban, and foldable.
- On the basis of battery type, the pedelec market is segmented into: SLA, Nimh, and SCiB.
MARKET DYNAMICS
Drivers:
- The advantages including energy saving by using electronic controllers for automatically cutting down the motor's power is driving the growth of the pedelec market.
Restraints:
- The cost of the vehicle which is comparatively higher than normal cycles may restrain the growth of the pedelec market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Pedelec market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Pedelec market in these regions.
IMPACT OF COVID-19 ON PEDELEC MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Pedelec market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Pedelec market in these regions.
IMPACT OF COVID-19 ON PEDELEC MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Pedelec market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Pedelec market market are anticipated to lucrative growth opportunities in the future with the rising demand for Pedelec market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Pedelec market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BH Bikes
- Derby Cycle AG
- Giant Bicycle Inc.
- Helkama Velox
- M1-Sporttechnik
- Magnum Bikes
- Panther International GmbH
- Pedego Electric Bikes
- Visiobike
- Yamaha Corporation
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Pedelec Market - By Bicycle Type
1.3.2 Pedelec Market - By Battery Type
1.3.3 Pedelec Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PEDELEC MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. PEDELEC MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. PEDELEC MARKET - GLOBAL MARKET ANALYSIS
6.1. PEDELEC - GLOBAL MARKET OVERVIEW
6.2. PEDELEC - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PEDELEC MARKET - REVENUE AND FORECASTS TO 2028 - BICYCLE TYPE
7.1. OVERVIEW
7.2. BICYCLE TYPE MARKET FORECASTS AND ANALYSIS
7.3. MTB
7.3.1. Overview
7.3.2. MTB Market Forecast and Analysis
7.4. RACE
7.4.1. Overview
7.4.2. Race Market Forecast and Analysis
7.5. CROSS
7.5.1. Overview
7.5.2. Cross Market Forecast and Analysis
7.6. URBAN
7.6.1. Overview
7.6.2. Urban Market Forecast and Analysis
7.7. FOLDABLE
7.7.1. Overview
7.7.2. Foldable Market Forecast and Analysis
8. PEDELEC MARKET - REVENUE AND FORECASTS TO 2028 - BATTERY TYPE
8.1. OVERVIEW
8.2. BATTERY TYPE MARKET FORECASTS AND ANALYSIS
8.3. SLA
8.3.1. Overview
8.3.2. SLA Market Forecast and Analysis
8.4. NIMH
8.4.1. Overview
8.4.2. Nimh Market Forecast and Analysis
8.5. SCIB
8.5.1. Overview
8.5.2. SCiB Market Forecast and Analysis
9. PEDELEC MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Pedelec Market Overview
9.1.2 North America Pedelec Market Forecasts and Analysis
9.1.3 North America Pedelec Market Forecasts and Analysis - By Bicycle Type
9.1.4 North America Pedelec Market Forecasts and Analysis - By Battery Type
9.1.5 North America Pedelec Market Forecasts and Analysis - By Countries
9.1.5.1 United States Pedelec Market
9.1.5.1.1 United States Pedelec Market by Bicycle Type
9.1.5.1.2 United States Pedelec Market by Battery Type
9.1.5.2 Canada Pedelec Market
9.1.5.2.1 Canada Pedelec Market by Bicycle Type
9.1.5.2.2 Canada Pedelec Market by Battery Type
9.1.5.3 Mexico Pedelec Market
9.1.5.3.1 Mexico Pedelec Market by Bicycle Type
9.1.5.3.2 Mexico Pedelec Market by Battery Type
9.2. EUROPE
9.2.1 Europe Pedelec Market Overview
9.2.2 Europe Pedelec Market Forecasts and Analysis
9.2.3 Europe Pedelec Market Forecasts and Analysis - By Bicycle Type
9.2.4 Europe Pedelec Market Forecasts and Analysis - By Battery Type
9.2.5 Europe Pedelec Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Pedelec Market
9.2.5.1.1 Germany Pedelec Market by Bicycle Type
9.2.5.1.2 Germany Pedelec Market by Battery Type
9.2.5.2 France Pedelec Market
9.2.5.2.1 France Pedelec Market by Bicycle Type
9.2.5.2.2 France Pedelec Market by Battery Type
9.2.5.3 Italy Pedelec Market
9.2.5.3.1 Italy Pedelec Market by Bicycle Type
9.2.5.3.2 Italy Pedelec Market by Battery Type
9.2.5.4 United Kingdom Pedelec Market
9.2.5.4.1 United Kingdom Pedelec Market by Bicycle Type
9.2.5.4.2 United Kingdom Pedelec Market by Battery Type
9.2.5.5 Russia Pedelec Market
9.2.5.5.1 Russia Pedelec Market by Bicycle Type
9.2.5.5.2 Russia Pedelec Market by Battery Type
9.2.5.6 Rest of Europe Pedelec Market
9.2.5.6.1 Rest of Europe Pedelec Market by Bicycle Type
9.2.5.6.2 Rest of Europe Pedelec Market by Battery Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Pedelec Market Overview
9.3.2 Asia-Pacific Pedelec Market Forecasts and Analysis
9.3.3 Asia-Pacific Pedelec Market Forecasts and Analysis - By Bicycle Type
9.3.4 Asia-Pacific Pedelec Market Forecasts and Analysis - By Battery Type
9.3.5 Asia-Pacific Pedelec Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Pedelec Market
9.3.5.1.1 Australia Pedelec Market by Bicycle Type
9.3.5.1.2 Australia Pedelec Market by Battery Type
9.3.5.2 China Pedelec Market
9.3.5.2.1 China Pedelec Market by Bicycle Type
9.3.5.2.2 China Pedelec Market by Battery Type
9.3.5.3 India Pedelec Market
9.3.5.3.1 India Pedelec Market by Bicycle Type
9.3.5.3.2 India Pedelec Market by Battery Type
9.3.5.4 Japan Pedelec Market
9.3.5.4.1 Japan Pedelec Market by Bicycle Type
9.3.5.4.2 Japan Pedelec Market by Battery Type
9.3.5.5 South Korea Pedelec Market
9.3.5.5.1 South Korea Pedelec Market by Bicycle Type
9.3.5.5.2 South Korea Pedelec Market by Battery Type
9.3.5.6 Rest of Asia-Pacific Pedelec Market
9.3.5.6.1 Rest of Asia-Pacific Pedelec Market by Bicycle Type
9.3.5.6.2 Rest of Asia-Pacific Pedelec Market by Battery Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Pedelec Market Overview
9.4.2 Middle East and Africa Pedelec Market Forecasts and Analysis
9.4.3 Middle East and Africa Pedelec Market Forecasts and Analysis - By Bicycle Type
9.4.4 Middle East and Africa Pedelec Market Forecasts and Analysis - By Battery Type
9.4.5 Middle East and Africa Pedelec Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Pedelec Market
9.4.5.1.1 South Africa Pedelec Market by Bicycle Type
9.4.5.1.2 South Africa Pedelec Market by Battery Type
9.4.5.2 Saudi Arabia Pedelec Market
9.4.5.2.1 Saudi Arabia Pedelec Market by Bicycle Type
9.4.5.2.2 Saudi Arabia Pedelec Market by Battery Type
9.4.5.3 U.A.E Pedelec Market
9.4.5.3.1 U.A.E Pedelec Market by Bicycle Type
9.4.5.3.2 U.A.E Pedelec Market by Battery Type
9.4.5.4 Rest of Middle East and Africa Pedelec Market
9.4.5.4.1 Rest of Middle East and Africa Pedelec Market by Bicycle Type
9.4.5.4.2 Rest of Middle East and Africa Pedelec Market by Battery Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Pedelec Market Overview
9.5.2 South and Central America Pedelec Market Forecasts and Analysis
9.5.3 South and Central America Pedelec Market Forecasts and Analysis - By Bicycle Type
9.5.4 South and Central America Pedelec Market Forecasts and Analysis - By Battery Type
9.5.5 South and Central America Pedelec Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Pedelec Market
9.5.5.1.1 Brazil Pedelec Market by Bicycle Type
9.5.5.1.2 Brazil Pedelec Market by Battery Type
9.5.5.2 Argentina Pedelec Market
9.5.5.2.1 Argentina Pedelec Market by Bicycle Type
9.5.5.2.2 Argentina Pedelec Market by Battery Type
9.5.5.3 Rest of South and Central America Pedelec Market
9.5.5.3.1 Rest of South and Central America Pedelec Market by Bicycle Type
9.5.5.3.2 Rest of South and Central America Pedelec Market by Battery Type
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. PEDELEC MARKET, KEY COMPANY PROFILES
11.1. BH BIKES
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DERBY CYCLE AG
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GIANT BICYCLE INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HELKAMA VELOX
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. M1-SPORTTECHNIK
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MAGNUM BIKES
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. PANTHER INTERNATIONAL GMBH
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PEDEGO ELECTRIC BIKES
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. VISIOBIKE
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. YAMAHA CORPORATION
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.BH Bikes
2.Derby Cycle AG
3.Giant Bicycle Inc.
4.Helkama Velox
5.M1-Sporttechnik
6.Magnum Bikes
7.Panther International GmbH
8.Pedego Electric Bikes
9.Visiobike
10.Yamaha Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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