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Report Overview
The global electric cargo bikes market size reached approximately USD 2645.34 Million in 2024. The market is projected to grow at a CAGR of 34.90% between 2025 and 2034, reaching a value of around USD 52796.00 Million by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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Growing efforts for decarbonisation in the transport sector have increased the adoption of electric cargo bikes.
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Electric cargo bikes are becoming extremely popular for last-mile delivery solutions in densely populated urban areas.
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These bikes are readily gaining traction in the Asia Pacific region due to rising sustainability efforts.
Electric Cargo Bikes Market Trends
One of the prominent trends supporting the electric cargo bikes market development includes advancements in battery technology and charging efficiency of electric cargo bikes. Manufacturers are incorporating lithium-ion batteries with longer lifespans into modern bikes so they can last for a longer period of time. These batteries, apart from facilitating short charging time in modern bikes, offer more power without any significant increase in the weight or size of batteries due to their energy-dense nature.
The key market players are increasingly focusing on innovating their existing range and addressing challenges associated with battery technology. In February 2024, Tern announced to expand its electric cargo range with the launch of an electric adventure cargo bike called Orox. The bike, available in two specifications, possesses 1,600Wh battery capacity, can carry up to 210 kg of load, and promises to offer a range of over 300 km.
Electric Cargo Bikes Market Report Snapshots
Electric Cargo Bikes Market Size
Electric Cargo Bikes Market Trends
Electric Cargo Bikes Companies
Electric Cargo Bikes Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the global electric cargo bikes market attained a value of nearly USD 2645.34 Million.
The market is estimated to witness a healthy growth during 2025-2034 to reach around USD 52796.00 Million by 2034.
The market is projected to grow at a CAGR of 34.90% between 2025 and 2034.
The market is being driven by the increasing preference of sustainable two-wheelers and favourable policies of various governments to promote green energy.
The key trend bolstering the market expansion include the rising environmental consciousness worldwide.
The major regions in the industry are North America, Europe, Asia Pacific and the rest of the world.
The different product types include two wheeled, three wheeled, and four wheeled.
The significant battery types include lithium ion, and others.
The major end uses include residential and commercial. Commercial is further segmented into courier and parcel service provider, service delivery, retail supplier, among others.
The major players in the market are Rad Power Bikes Inc., Yuba Bicycles LLC, Worksman Cycles Company Inc., DOUZE Factory SAS, Amsterdam Bicycle Company BV, and Babboe BV, among others.
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