Pedelec: Key market research findings
- Shifting focus towards use of lightweight materials in pedelec frames
- Growing preference for pedelec among health-conscious consumers
Technavio has released a new market research report on the global pedelec market, which is expected to grow at a CAGR of around 6% between 2015 and 2019. Increase in demand for eco-friendly transportation is boosting the demand for electric bikes and pedelecs. Europe is the largest market for pedelec with the highest number of pedelec in Netherlands, Germany and France. Consumers in this region are fast adopting this technology as an optimal mode of mobility due to its ease of use and zero emission into the environment.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“The manufacturers are focusing towards designing compact and light weight motors such as crank drive motors, to retain the power and performance of the motors. These are centralized motors, which provide a balance of weight in the bicycle as well as smooth functioning of gears. Manufacturers are using carbon fibre to make bike frames for pedelecs, owing to their lightweight and design flexibility features,” says Siddarth Jaiswal, Lead Analyst, Automotive, Technavio Research.
Pedelecs are easy to travel in long distances and can easily withstand natural obstacles such as headwinds and inclined roads. They 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. Also, various health-conscious consumers especially professionals and baby boomers are increasingly using pedelecs as it offers health benefits as the driver has to pedal to move forward, however with aid from the electric motor.
The key vendors in the global pedelec market include BH Bikes, Kalkhoff, M1 Sporttechnik, Panther International, and Yamaha Motor. This market is extremely competitive due to the presence of various local players. Manufacturers are exploring new features such as connected pedelecs and safety features such as rear-view cameras to maintain their competitiveness in the market.
A more detailed analysis is available in the Technavio report, Global Pedelec Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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