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Global Electric Cargo Bikes Market Size, Share, Growth: By Product Type: Two Wheeled, Three Wheeled, Four Wheeled; By Battery Type: Lithium Ion, Others; By End Use: Residential, Commercial; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Value Chain Analysis; Competitive Landscape; 2024-2032
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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Electric Cargo Bikes Market Analysis
8.1 Key Industry Highlights
8.2 Global Electric Cargo Bikes Historical Market (2018-2023)
8.3 Global Electric Cargo Bikes Market Forecast (2024-2032)
8.4 Global Electric Cargo Bikes Market by Product Type
8.4.1 Two Wheeled
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Three Wheeled
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Four Wheeled
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Electric Cargo Bikes Market by Battery Type
8.5.1 Lithium Ion
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Electric Cargo Bikes Market by End Use
8.6.1 Residential
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Commercial
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.2.3 Breakup by Application
8.6.2.3.1 Courier and Parcel Service Provider
8.6.2.3.1.1 Historical Trend (2018-2023)
8.6.2.3.1.2 Forecast Trend (2024-2032)
8.6.2.3.2 Service Delivery
8.6.2.3.2.1 Historical Trend (2018-2023)
8.6.2.3.2.2 Forecast Trend (2024-2032)
8.6.2.3.3 Retail Supplier
8.6.2.3.3.1 Historical Trend (2018-2023)
8.6.2.3.3.2 Forecast Trend (2024-2032)
8.6.2.3.4 Others
8.7 Global Electric Cargo Bikes Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Rest of the World
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
9 North America Electric Cargo Bikes Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Electric Cargo Bikes Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Netherlands
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Denmark
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Rad Power Bikes Inc.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Yuba Bicycles LLC
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Worksman Cycles Company Inc.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 DOUZE Factory SAS
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Amsterdam Bicycle Company BV
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Babboe BV
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Electric Cargo Bikes Market: Key Industry Highlights, 2018 and 2032
2. Global Electric Cargo Bikes Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3. Global Electric Cargo Bikes Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4. Global Electric Cargo Bikes Historical Market: Breakup by Battery Type (USD Billion), 2018-2023
5. Global Electric Cargo Bikes Market Forecast: Breakup by Battery Type (USD Billion), 2024-2032
6. Global Electric Cargo Bikes Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global Electric Cargo Bikes Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global Electric Cargo Bikes Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Electric Cargo Bikes Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Electric Cargo Bikes Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Electric Cargo Bikes Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Electric Cargo Bikes Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Electric Cargo Bikes Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Electric Cargo Bikes Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Electric Cargo Bikes Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Electric Cargo Bikes Market Structure
Key Questions Answered in the Report
In 2023, 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 2024-2032 to reach around USD 39168.96 million by 2032.
The market is projected to grow at a CAGR of 34.9% between 2024 and 2032.
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.
Analyst Review
The global electric cargo bikes market attained a value of USD 2645.34 million in 2023, driven by the rising environmental consciousness worldwide. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 34.9%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product type, the global electric cargo bikes industry can be segmented into two wheeled, three wheeled, and four wheeled. By battery type, the industry can be divided into lithium ion, and others. Based on end use, the industry can be classified into residential and commercial. Commercial end use is further divided into courier and parcel service provider, service delivery, retail supplier, and others. The major regional markets for electric cargo bikes are North America, Europe, Asia Pacific and the rest of the world. The key players in the above market include Rad Power Bikes Inc., Yuba Bicycles LLC, Worksman Cycles Company Inc., DOUZE Factory SAS, Amsterdam Bicycle Company BV, Babboe BV, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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