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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Electric Cargo Bikes Market Analysis by Region
Europe is the leading region in the market and is expected to maintain its dominance in the forecast period as well. The market growth in Europe can be attributed to the thriving cargo bikes sector, the increasing adoption of electric vehicles (EVs), and the increasing usage of cargo bikes for private and commercial use in the region. The favourable government initiatives to promote clean transport are also significantly contributing to the market growth. Furthermore, Germany accounts for a major share of the European electric cargo bikes market and the country recorded sales of 15,000 e-cargo bikes in 2016. Besides Germany, Denmark, the United Kingdom, and the Netherlands are the other significant national markets in Europe.
Meanwhile, North America is expected to witness considerable growth in the forecast period. The growing focus on improving air quality, decarbonising transport, and regaining public street space is expected to favour the market growth in the coming years.
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 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.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124