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Electric Cargo Bike Market Report 2022-2027: Top Companies Share, Size, Future Trends, Growth Overview, SWOT Analysis, and Forecast

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Electric Cargo Bike Market Report 2022-2027: Top Companies Share, Size, Future Trends, Growth Overview, SWOT Analysis, and Forecast

November 30
00:27 2022
Electric Cargo Bike Market Report 2022-2027: Top Companies Share, Size, Future Trends, Growth Overview, SWOT Analysis, and Forecast
Electric Cargo Bike Market
The favorable government expenditures promoting renewable energy adoption and environmentally acceptable transportation options are providing an impetus to the Electric Cargo Bike Market growth.

IMARC Group’s latest report, titled “Electric Cargo Bike Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global electric cargo bike market is expected to exhibit a CAGR of 12.17% during 2022-2027.

An electric cargo bike, also known as a freight bicycle or carrier cycle, is a battery-powered vehicle that operates on battery and allows riders to carry and transport heavy products. It comprises an open or enclosed box, a wired basket, or a flat platform that is generally mounted over one or both wheels. Additionally, it is equipped with nickel-based and lithium-ion batteries that provide power and control to the bike. It is a sleeker, faster, lightweight, and eco-friendly mode of transportation and is considered ideal for fulfilling various transportation needs, especially to cover short distances in urban areas, as it is cost-effective and easy to ride. Some of the commercially available electric cargo bike variants in the market include two, three, and four-wheeler bicycles.

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Electric Cargo Bike Market Growth:

Significant growth in the automotive industry majorly drives the global market. The escalating demand for cost-effective and eco-friendly urban commute options due to the rising traffic level is propelling the sales of electric cargo bikes as it offers effective and easy transportation of freight, food, and parcels. Since numerous logistics and transportation firms are deploying e-cargo bikes for increasing the number of freight deliveries, this is acting as another growth-inducing factor. Along with this, various initiatives taken by governments of several nations for promoting the adoption of these bikes over conventional bikes for their environmental benefits are also significantly supporting the market. Some other factors driving the market include rapid urbanization and the widespread adoption of electric cargo bikes for last-mile delivery services.

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 Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

  • Accell Group N.V.,
  • Amsterdam Bicycle Company,
  • Butchers & Bicycles Ltd.,
  • CERO Inc.,
  • Kalkhoff Werke GmbH,
  • Giant Bicycles,
  • Mahindra & Mahindra Limited,
  • Rad Power Bikes Inc.,
  • Riese & Müller GmbH,
  • Worksman Cycles,
  • Xtracycle Cargo Bikes 
  • Yuba Bicycles.

Key Market Segmentation:

 Breakup by Product Type:

  • Two-wheeler
  • Three-wheeler
  • Four-wheeler 

Breakup by Battery Type:

  • Lithium-ion
  • Lead-based
  • Nickel-based 

Breakup by End User:

  • Courier and Parcel Service Providers
  • Service Delivery
  • Personal Use
  • Large Retail Suppliers
  • Waste Municipal Services
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other) 

Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

 If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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