The global E-CargoBikes Market is expected to register a CAGRof ~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 anelectric 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 avoidingpublic 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.
Regional Analysis
The Asia-Pacific region has a large and growingmarket 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.
Market Segmentation
The Global E-CargoBikes Market has been segmented into type,battery type, and end-use.
Based on the type, the market has been segmentedinto two-wheelers, three-wheelers, and Four-Wheeler.
Based on the battery type, the market has beensegmented into Lithium-Ion, Lead-Based, and Nickel-Based.
Based on the end user, the market has beensegmented into Courier & Parcel Service Providers, Service Delivery,
Personal Use/ Transportation, Large Retail suppliers, Waste Municipal Services,
and others.
Key Players
Some of the key market players are Rad Power BikesLLC, 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.
Related Report:
