![Global Pedelec Market](https://res.cloudinary.com/devmoveo/image/upload/v1692959660/skyquest/gallery/Global-Pedelec-Market.jpg)
Report ID: SQMIG25J2060
Report ID:
SQMIG25J2060 |
Region:
Global |
Published Date: March, 2024
Pages:
223
|
Tables:
91 |
Figures:
76
The European region was dominating the global pedelec market. Europe had established itself as a major hub for electric bicycle production, consumption, and innovation. Factors contributing to Europe's dominance included a strong cycling culture, well-developed cycling infrastructure, and favorable government policies promoting electric mobility. Additionally, European consumers had shown a significant appetite for pedelecs due to their practicality in urban environments and environmental benefits.
However, in terms of the fastest-growing region, Asia Pacific was experiencing remarkable growth in the pedelec market. This growth was driven by the region's vast population, increasing urbanization, and efforts to combat air pollution and traffic congestion in densely populated cities. Furthermore, Asia Pacific has become a manufacturing hub for electric bicycles, making them more accessible and affordable to a broader consumer base.
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Report ID: SQMIG25J2060