According to Stratistics MRC, the Global Electric Cargo Bikes Market is accounted for $550.00 million in 2020 and is expected to reach $1,568.92 million by 2028 growing at a CAGR of 14.0% during the forecast period. Factors such as growing concerns regarding air pollution, developments in the e-commerce industry, and increasing awareness regarding sustainable products are driving the growth of the market. However, high price of electric cargo bikes and large size of the batteries are hampering the growth of the market.
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Based on the product, the two-wheeler segment is anticipated to expand at a rapid pace during the forecast period owing to its ability to handle large delivery quantities and to provide efficient mobility experience. By geography, Europe is going to have high growth during the forecast period which can be attributed to the wide acceptance of electric cargo bikes and the government initiatives in encouraging its adoption.
Some of the key players profiled in the Electric Cargo Bikes Market include Amsterdam Bicycle Company, Urban Arrow, Butchers & Bicycles ApS, Worksman Cycles, Triobike, Yuba Electric Cargo Bikes, Pedego Electric Bikes, Xtracycle Inc, Rad Power Bikes Inc, Riese & Müller GmbH, Tern Bicycles (Mobility Holdings, Ltd.), XYZ Cargo, Carqon (Accell Group N.V.), Babboe, and Cero Electric Cargo Bikes.
Products Covered:
• Two-Wheeler
• Three-Wheeler
• Four-Wheeler
Battery Types Covered:
• Lithium-Ion
• Nickel-Based
• Lead-Based
Wheel Sizes Covered:
• 27.5″
• 26″
• 20″-24″
• Below 20″
Vehicle Infrastructure Types Covered:
• Motorcycle
• Mopeds
• Two Stroke Motorcycles
• Scooters
End Users Covered:
• Personal Use/ Transportation
• Courier & Parcel Service Providers
• Large Retail Supplier
• Service Delivery
• Waste Municipal Service
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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