Bharat Book Bureau Provides the Trending Market Research Report on “Global Electric Cargo Bikes Market Report and Forecast 2022-2027)”under Automotive Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.
According to Our company’s latest report, ‘Global Electric Cargo Bikes Market Report and Forecast 2022-2027’, the global electric cargo bikes market attained a value of nearly USD 1,455.8 million in 2021. Aided by the rising demand for cleaner modes of transportation, the market is projected to further grow at a CAGR of 34.8% between 2022 and 2027 to reach a value of almost USD 8,800.2 million by 2027.
Electric cargo bikes refer to battery-operated bikes and bicycles. These bikes are driven and operated on portable batteries, such as lithium-ion and nickel-based batteries. Favourable properties of electric cargo bikes include high versatility, smoothness in riding, and lightweight composition. These bikes serve as an efficient method of transport for carrying packages, cargo, and food, among others. Electric cargo bikes are majorly available in two wheels, three-wheeled, and four-wheeled formats and find extensive applications in commercial and residential uses. They are ideal for urban deliveries owing to their cost-effectiveness and ease of usage. Such benefits of electric cargo bikes are driving the growth of the market.
The global electric cargo bikes market is being driven by the rising air and noise pollution from conventional modes of transportation. The growing investments in sustainable means of transportation to reduce environmental impact and reduce road congestion are fuelling the growth of the market. In addition to this, electric cargo bikes are being widely used by logistics companies in last-mile delivery services, especially in urban regions, owing to their ability to traverse large distances with high bulk carrying capacities at low running costs, which is another factor propelling the growth of the market. Furthermore, electric bikes are increasingly replacing paddle-assist bicycles due to their lightweight structures and sleek designs, which enable smooth and stable rides. Apart from this, Europe is expected to be a significant region augmenting the overall market growth of electric cargo bikes owing to the implementation of stringent government initiatives to adopt clean transport.
Market Segmentation
The market report by Our company analyses the market based on segmentations such as product type, battery type, end use, and major regions.
Market Division by Product Type
•Two Wheeled
•Three Wheeled
•Four Wheeled
Market Segmentation by Battery Type
•Lithium Ion
•Others
Market Classification by End Use
•Residential
•Commercial
oCourier and Parcel Service Provider
oService Delivery
oRetail Supplier
oOthers
Market Breakup by Region
•North America
•Asia Pacific
•Europe
•Middle East and Africa
•Latin America
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry. Some of the major players in the market explored in the Our company report are:
•Rad Power Bikes Inc.
•Yuba Bicycles LLC
•Worksman Cycles Company Inc.
•DOUZE Factory SAS
•Amsterdam Bicycle Company BV
•Babboe BV
•Others
Browse our full report with Table of Content : https://www.bharatbook.com/report/1335684/global-electric-cargo-bikes-market-report-and-forecast
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The global electric bikes cargo industry is predicted to have a notable growth at 12.5% CAGR over the assessment period (2018-2023).
Electric cargo bikes simply put, are bikes and bicycles that are operated as well as powered by portable batteries mainly nickel-based and lithium ion batteries.
Practical, affordable, good for health and eco-friendly are some of the key benefits of such bikes.
Owing to its sleek design and lightweight construction, these bikes make an incredibly stable and smooth ride.
These are the key advantages why electric bikes cargo are chosen over other mediums for transporting goods.
The additional factors that are propelling the market growth include growing e-commerce platforms, new developments such as transport alternatives having low emission, lower running costs, increase in just-in-time deliveries, insufficient retail storage space and reduction in the delivery time.
The new report by Expert Market Research titled, ‘Global Electric Cargo Bikes Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global electric cargo bikes market, assessing the market based on its segments like product type, battery type, end-use and regions like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Rising government spending to support the adoption of renewable energy sources and environmentally sustainable alternatives has contributed significantly to the growth of the sector.
Although four-wheeler cargo bikes have not yet played an important role, in comparison to two-wheelers, sales of three-wheeled cargo bikes are increasing at a comparatively faster pace.
(All segments mention the leading or significant (growth-driving) segments).Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/electric-cargo-bikes-marketBy product type, the market is segmented as:Two-WheeledThree-WheeledFour-WheeledThe market is segmented, based on the battery type, as:Lead BasedNickel BasedLithium-IonOthersBased on end-use, the industry can be divided into:Courier and Parcel Service ProviderMunicipal ServicesService DeliveryRetail SupplierOthersOn the basis of regional markets, the industry is divided into:1 North America1.1 United States of America1.2 Canada2 Europe2.1 Germany2.2 United Kingdom2.3 France2.4 Italy2.5 Others3 Asia Pacific3.1 China3.2 Japan3.3 India3.4 ASEAN3.5 Others4 Latin America4.1 Brazil4.2 Argentina4.3 Mexico4.4 Others5 Middle East & Africa5.1 Saudi Arabia5.2 United Arab Emirates5.3 Nigeria5.4 South Africa5.5 OthersMarket TrendsIn the global market for electric cargo bikes, Europe is the leading region and is also expected to retain its dominance in the forecast era.
The growth of the regional industry is aided by the growing adoption of cargo bikes for private and commercial use.
North America, meanwhile, is predicted to see significant growth during the projected period.
