GLOBAL SPEED PEDELEC E-BIKE MARKET - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2029

 Analysis of the Speed Pedelec E-Bike market

A CAGR of 6.72% is anticipated for the market for speed pedal-assist electric bicycles worldwide.

Largest Segment by Propulsion Type - Pedal Assisted: Pedal-assisted bikes are widely utilised because they are quick, offer rides free of pollution, are easily accessible, can carry weight, and require little upkeep.

Largest Segment by Application Type - City/Urban: As on-demand food delivery services, courier businesses, and everyday travelling to various locations increase, so does demand for city/urban e-bikes in urban regions.

China is the largest country with speed pedelecs due to its growing population and increased use of e-bikes for a variety of functions, including transportation to and from offices, schools and courier deliveries.

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