Pedelec Market Size USD 33380 Million by 2026 at CAGR 16.1% | Valuates Reports
BANGALORE, India, Nov. 27, 2020 /PRNewswire/ -- The Pedelec Market is Segmented by product (Urban Pedelec, Touring Pedelec, Mountain Pedelec, Others), by End users (Leisure, Commuting).
- BANGALORE, India, Nov. 27, 2020 /PRNewswire/ -- The Pedelec Market is Segmented by product (Urban Pedelec, Touring Pedelec, Mountain Pedelec, Others), by End users (Leisure, Commuting).
- In 2019, the global Pedelec market size was USD 11610 Million and it is expected to reach USD 33380 Million by the end of 2026, with a CAGR of 16.1% during 2021-2026.
- Major factors driving the growth of pedelec market size are, increasing concerns about traffic congestion, increasing health concerns among the consumers and growing environmental awareness.
- Increasing concerns about traffic congestion are expected to fuel the growth of the pedelec market size.