Global E-Cargo Bikes Market Overview:
The global E-Cargo Bikes Market is expected to register a CAGR of ~20%
from 2022 to 2030 and hold a value of over USD 6.0914 billion by 2030.
E-Cargo Bikes are bikes that are
equipped with an electric motor and a cargo area, such as a box or basket, for
carrying goods and supplies. They are designed to be used for light freight and
delivery tasks, such as transporting groceries or packages, and are seen as a
more sustainable alternative to traditional delivery vehicles. The COVID-19
pandemic has had a significant impact on the electric cargo bike market.
With more people shopping online
and avoiding public transportation, there has been an increased demand for
delivery services, including those provided by E-Cargo Bikes. Additionally,
with lockdowns and social distancing measures reducing the number of people
shopping in person, there has been an increased demand for delivery services
that are contact-free and can help people avoid crowded indoor spaces. As a
result, the electric cargo bike market has seen significant growth during the
pandemic.
E-Cargo Bikes Regional Analysis
The Asia-Pacific region has a
large and growing market for E-Cargo Bikes, and it is one of the most important
regions globally for this market. The region has a large and growing population
of urban consumers, as well as a thriving e-commerce industry, both of which
have driven demand for E-Cargo Bikes. Additionally, the region's rapidly
developing economies and improving infrastructure have made E-Cargo Bikes more
accessible and popular, further boosting demand for these vehicles.
E-Cargo Bikes Market Segmentation
The Global E-Cargo Bikes Market has been segmented into type, battery type, and end-use.
Based on the type, the market has
been segmented into two-wheelers, three-wheelers, and Four-Wheeler.
Based on the battery type, the
market has been segmented into Lithium-Ion, Lead-Based, and Nickel-Based.
Based on the end user, the market
has been segmented into Courier & Parcel Service Providers, Service
Delivery, Personal Use/ Transportation, Large Retail suppliers, Waste Municipal
Services, and others.
E-Cargo Bikes Key Players
Some of the key market players
are Rad Power Bikes LLC, Jiangsu Xinri E-Vehicle Co., Ltd, Cero E-Cargo Bikes,
Yuba E-Cargo Bikes, Kocass Technology Co., Ltd, Douze Factory SAS and
Xtracycle, Worksman Cycles, Riese & Müller GmbH and Butchers &
Bicycles.
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