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Pedelec Market Projected to Witness a Single-Digit CAGR During 2018 to 2027 | Key Players are Giant Bicycle Inc., Yamaha Corporation, Derby Cycle AG, etc.
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Notable Highlights in the Pedelec Market
Yamaha Motor Company Limited, a Japanese manufacturer of electrically power assisted bicycles (EPAC), recently introduced a new 600Wh inTube battery for EPACs. The company announced that it will be supplying the Multi Location™ 600Wh, which allows its OEM customers to stylize the integrated designs of EPACs and complements existing external battery versions. The company revealed that the new 600Wh battery provides 20% more capacity than conventional battery packs in pedelecs.
Pedego Electric Bikes, an American player in the pedelec market, recently announced the launch of the Pedego Conveyor – a mid-drive commuter electric bike. The company declared that the combination of smooth mid-drive power and advanced drivetrain technology allows users to increase the speed of the pedelec up to 20mphwith the support of Pedal Assist.
The European Commission, based on the Article 5 of Regulation (EU) 2016/1036, recently initiated an anti-dumping investigation associated with the imports of pedelecs from China. The Commission found that Chinese manufacturers were dumping pedelecs in the European Union to low prices and thereby, the Commission has imposed stiff duties on pedelecs imported from China.
The European Commission has submitted a proposal to impose the Motor Insurance Directive on electric bikes, including pedelecs. This may impact on growth of the pedelec market as well as the electric bicycle industry in the coming future.
Bosch, a multinational electronics company, recently announced the market launch of anti-lock braking system (ABS) for electric bikes (e-bikes) and high-end pedelecs. Though the implementation of ABS in pedelecs is in its nascent stage, the company has announced that it will make ABS for some high-end models of pedelecs commercially available by the end of 2018.
Shimano, Inc., a cycling component manufacturer, announced that in the second half of the year 2018, it will introduce innovative products to expand the range of Shimano STEPS pedelec systems, mainly focusing on its top model of e-bikes – E800.
The report focuses on recent company developments in the pedelec market by providing critical information about leading market players. The report provides a comprehensive list of pedelec market players such as Giant Bicycle Inc., Yamaha Corporation, Derby Cycle AG, M1-Sporttechink, Helkama Velox, Pedego Electric Bikes, Magnum Bikes USA, Panther International GmbH, Visiobike, and BH Bikes.
Environmental and Physical Benefits of Using Pedelecs Improve Their Sales Potential
With the growing awareness about negative effects of internal combustion engines in conventional vehicles on the environment, consumers are making a shift away from petrol/diesel vehicles. Unlike CI engines in vehicles, pedelecs generate no harmful emissions and do not contribute to air pollution, thereby, providing a sustainable mode of transportation. The environmental relevance of pedelecs is one of the most important factors accelerating growth of the pedelec market.
While increased environmental awareness has provided a fillip to the global sales of electric vehicles, health-conscious consumers are more inclined towards purchasing pedelec. Owing to their positive impacts on the environmental health as well as physical health, the number of pedelecs sold across the world is expected to surge in the coming years.
The pedelec market report provides in-depth information about changes in growth parameters of the metal packaging coatings market during the forecast period 2018-2027. The pedelec market report provides detailed information about growth prospects of the pedelec market, which includes minute details about the current and future growth parameters of the pedelec market.
The report also answers the market-related questions about for readers, which can help them to establish a strong presence the pedelec market. This information can help new entrants in the pedelec market to plan appropriate business strategies in the coming years.
Some the questions answered in the pedelec market report include
How OEMs are the important contributors to the growth of the pedelec market?
How are leading pedelec market players improving battery features and other characteristics of pedelecs?
Which consumer trends are influencing growth prospects of the international pedelec market and local pedelec markets?
What types of batteries are commonly being used by a majority of pedelec market players and why?
How will the pedelec market grow in developed regions in the upcoming years?
Research Methodology
Intelligence obtained from opinion leading stakeholders in the pedelec market and industry experts in the electric bicycles industry have been extrapolated in the FactMR report on pedelec market. Acquiring industry-validated and reliable data has enabled FactMR analysts to complete this insightful and value-based research report on the metal packaging coatings market. The report offers an in-depth assessment and nearly-accurate conclusions on the pedelec market, which are based on this market research methodology that involves comprehensive primary and secondary research approaches.
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About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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