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Download Free sampleThe global Pedelec market was valued at 1140.76 Million USD in 2021 and will grow with a CAGR of 15.1% from 2021 to 2027.
The prime objective of Pedelec Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Pedelec Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
A pedelec (from pedal electric cycle) is a bicycle where the rider`s pedalling is assisted by a small electric motor; thus it is a type of low-powered e-bike. However, unlike some other types of e-bikes, pedelecs are classified as conventional bicycles in many countries by road authorities rather than as a type of electric moped. Pedelecs include an electronic controller which cuts power to the motor when the rider is not pedalling or when a certain speed - usually 25 km/h (16 mph) - is reached.Europe is expected to be the largest market with market share of 84.15% in 2018 for Pedelec during the forecast period. Following Europe, North America is the second largest market with share of 8.45% in 2018.
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