Electric Cargo Bike Market

Global Electric Cargo Bike Market by Product Types (Two-wheelers, Three-wheelers, and Four-wheelers), Battery Types (Lithium-ion, Lead-based, and Nickel-based) and End-users (Courier & Parcel Service Providers, Service Deliveries, Personal Uses, Large Retail Suppliers, Waste Municipal Services, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2021-2028

  • Report ID: AL-4438
  • Author: Growth Market Reports
  • Rating: 4.8
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  • No. Of Pages: 187
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The global electric cargo bike market is anticipated to expand at CAGR of 10% during the forecast period, between 2021 and 2028. Electric cargo bikes are the type of bicycles that are produced to hold cargo or people. The electric cargo bike enables the person to bear large heavy articles, which can be hard to carry without electric power enhancing the human power input. Hence, to reduce the unfavourable social, ecological, and financial effects, a mode transfer from burning engine vehicles to electric cargo bikes has been recommended. The electric cargo bike with lightweight structure makes it extremely smooth and steady ride.

Electric Cargo Bike Market key takeaways

Market Trends, Drivers, Restraints, and Opportunities:

  • The presence of government subsidies and tax reductions on electric bikes is anticipated to boost the market growth.
  • Growing awareness about benefits of electric bikes such as less running costs and decrease in delivery times with no impact on the environment is estimated to drive the growth of the market.
  • The lack of personalized infrastructure and requirement of safe parking and repair houses can hinder the growth of the global electric cargo bike market.
  • The reduction in traffic and mobility and also slow manufacture of automobiles has resulted in decline in the growth of the electric cargo bike market.
  • The changing consumer inclination for electric bikes and rising innovative technological innovations are major factors that can propel the growth of the global electric cargo bike market.

Scope of the report:

The report on electric cargo bike market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Electric Cargo Bike Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018 & 2019

Forecast Period

2021–2028

Segmentation

Product Types (Two-wheelers, Three-wheelers, and Four-wheelers), Battery Types (Lithium-ion, Lead-based, and Nickel-based) and End-users (Courier & Parcel Service Providers, Service Deliveries, Personal Uses, Large Retail Suppliers, Waste Municipal Services, and Others)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered

Rad Power Bikes LLC , Jiangsu Xinri E-Vehicle Co., Ltd., Cero Electric Cargo Bikes, Yuba Electric Cargo Bikes , Kocass Technology Co. Ltd., Douze Factory SAS and Xtracycle, Worksman Cycles, Riese & Müller GmbH, and Butchers & Bicycles

 

Electric Cargo Bike Market Segment Insights:

Two-wheelers segment to dominate the market

In the terms of product types, the market can be divided into two-wheelers, three-wheelers, and four-wheelers. The two-wheelers segment is expected to lead the global market as they are easily accessible to use in the traffic. Moreover, high demand for bikes is expected to drive the growth.

Electric Cargo Bike Market by product types

 Lithium-ion batteries segment to hold a significant share

Based on battery types, the electric cargo bike market can be fragmented into lithium-ion, lead-based and nickel-based. The lithium-ion based batteries segment is anticipated to hold substantial share in the global market as it reduces the amount of time taken by the bike to stay connected to a charging station. Moreover, lithium-ion based batteries can also be charged when the equipments are not in use, hence, dropping machine downtime.

Courier & parcel service providers segment to lead the market

On the basis of end-users, the electric cargo bike market can be segregated into courier & parcel service providers, service deliveries, personal uses, large retail suppliers, waste municipal services and others. The courier & parcel service providers segment to dominate the global market owing to rising number of e-commerce deliveries.

North America to grow at a significant rate during the forecast period

In terms of regions, the global electric cargo bike market can be split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market in North America to expand at a substantial pace in the future owing to awareness and benefits of EVs in the region. Moreover, the rising pollution is boosting the demand for electric cargo bikes, mainly in the industrialized areas such as the US, New York, Mexico, and Canada.

Electric Cargo Bike Market by regions

Segments

By Product Types:
  • Two-wheelers
  • Three-wheelers
  • Four-wheelers
By Battery Types:
  • Lithium-ion
  • Lead-based
  • Nickel-based
By End-users:
  • Courier & Parcel Service Providers
  • Service Deliveries
  • Personal Uses
  • Large Retail Suppliers
  • Waste Municipal Services
  • Others
By Regions:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
By Key Players
  • Rad Power Bikes LLC
  • Jiangsu Xinri E-Vehicle Co., Ltd.
  • Cero Electric Cargo Bikes
  • Yuba Electric Cargo Bikes
  • Kocass Technology Co. Ltd.
  • Douze Factory SAS and Xtracycle
  • Worksman Cycles
  • Riese & Müller GmbH
  • Butchers & Bicycles

Competitive Landscape

Key players in the electric cargo bike market include Rad Power Bikes LLC , Jiangsu Xinri E-Vehicle Co., Ltd., Cero Electric Cargo Bikes, Yuba Electric Cargo Bikes , Kocass Technology Co. Ltd., Douze Factory SAS and Xtracycle, Worksman Cycles, Riese & Müller GmbH, and Butchers & Bicycles. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Electric Cargo Bike Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Cargo Bike Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Electric Cargo Bike Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Electric Cargo Bike Market - Supply Chain
  4.5. Global Electric Cargo Bike Market Forecast
     4.5.1. Electric Cargo Bike Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Electric Cargo Bike Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Electric Cargo Bike Market Absolute $ Opportunity
5. Global Electric Cargo Bike Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Electric Cargo Bike Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Electric Cargo Bike Demand Share Forecast, 2019-2026
6. North America Electric Cargo Bike Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Electric Cargo Bike Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Electric Cargo Bike Demand Share Forecast, 2019-2026
7. Latin America Electric Cargo Bike Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Electric Cargo Bike Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Electric Cargo Bike Demand Share Forecast, 2019-2026
8. Europe Electric Cargo Bike Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Electric Cargo Bike Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Electric Cargo Bike Demand Share Forecast, 2019-2026
9. Asia Pacific Electric Cargo Bike Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Electric Cargo Bike Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Electric Cargo Bike Demand Share Forecast, 2019-2026
10. Middle East & Africa Electric Cargo Bike Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Electric Cargo Bike Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Electric Cargo Bike Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Electric Cargo Bike Market: Market Share Analysis
  11.2. Electric Cargo Bike Distributors and Customers
  11.3. Electric Cargo Bike Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Rad Power Bikes LLC
     11.4.2. Jiangsu Xinri E-Vehicle Co., Ltd.
     11.4.3. Cero Electric Cargo Bikes
     11.4.4. Yuba Electric Cargo Bikes
     11.4.5. Kocass Technology Co. Ltd.
     11.4.6. Douze Factory SAS and Xtracycle
     11.4.7. Worksman Cycles
By Product Types:
  • Two-wheelers
  • Three-wheelers
  • Four-wheelers
By Battery Types:
  • Lithium-ion
  • Lead-based
  • Nickel-based
By End-users:
  • Courier & Parcel Service Providers
  • Service Deliveries
  • Personal Uses
  • Large Retail Suppliers
  • Waste Municipal Services
  • Others
By Regions:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
By Key Players
  • Rad Power Bikes LLC
  • Jiangsu Xinri E-Vehicle Co., Ltd.
  • Cero Electric Cargo Bikes
  • Yuba Electric Cargo Bikes
  • Kocass Technology Co. Ltd.
  • Douze Factory SAS and Xtracycle
  • Worksman Cycles
  • Riese & Müller GmbH
  • Butchers & Bicycles

Key players in the electric cargo bike market include Rad Power Bikes LLC , Jiangsu Xinri E-Vehicle Co., Ltd., Cero Electric Cargo Bikes, Yuba Electric Cargo Bikes , Kocass Technology Co. Ltd., Douze Factory SAS and Xtracycle, Worksman Cycles, Riese & Müller GmbH, and Butchers & Bicycles. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Electric Cargo Bike Market by key players

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