News

Aug 30, 2023

Global Electric Cargo Bike Market is estimated to be worth US$ 6.2 Billion, growing at a CAGR of 11.4% by the year 2033 end

NEWARK, Del, June 05, 2023 (GLOBE NEWSWIRE) -- The global electric

NEWARK, Del, June 05, 2023 (GLOBE NEWSWIRE) -- The global electric cargo bike market is expected to attain a valuation of US$ 2.1 billion in 2023 and is projected to reach US$ 6.2 billion by 2033, expected to rise at a CAGR of 11.4% during the forecast period.

The rise of e-commerce has sparked an increased need for last-mile delivery services, a demand that electric cargo bikes are well-positioned to meet. In urban areas, where congestion and limited parking spaces can hinder delivery vans or trucks, electric cargo bikes offer an efficient solution. These bikes enable quicker and more cost-effective deliveries, addressing the challenges of congested urban environments. With the continued growth of e-commerce, the demand for electric cargo bikes is expected to rise further.

Get an overview of growth opportunities from 2023 to 2033 - Download this sample report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-7803

The demand for electric cargo bikes is anticipated to rise due to increased investments from key players driven by the growing e-commerce industry. For example, on November 24, 2022, Amazon, specializing in e-commerce, announced plans to expand its United Kingdom electric-cargo bike fleet in the coming years. This expansion aims to enhance foot-based deliveries, contributing to the decarbonization of the transportation network used for package deliveries across the country.

The rise in e-commerce and the impact of the pandemic have led to an increased demand for home deliveries of products and services. In response, businesses and industries are investing more in improving logistics and transportation to minimize downtime, save costs, and enhance customer satisfaction.

Key Takeaways :

"The thriving e-commerce industry and use of electric cargo bikes for fast parcel deliveries are expected to drive market growth during the forecast period," - comments an analyst at FMI.

Competitive Landscape :

The market for electric cargo bikes is highly competitive, with numerous prominent industry players making substantial investments in their production.

The key industry players are Jiangsu Xinri E-Vehicle Co. Ltd., Jinhua Jobo Technology Co., Ltd., CERO ELECTRIC CARGO BIKES, Worksman Cycles, DOUZE Factory SAS, XYZ CARGO, Butchers & Bicycles ApS, NIHOLA, Babboe, Yuba Electric Cargo Bikes, BODO Vehicle Group Co., Ltd. (LUXMEA), Chongqing Mobimax Technology Co., Ltd., Carqon (Accell Group N.V.), XCYC (Gemeinnützige Werkstätten und Wohnstätten GmbH ), Riese & Müller GmbH, Urban Arrow, Rad Power Bikes Inc., Tern Bicycles (Mobility Holdings, Ltd.), Pedego Electric Bikes, Xtracycle Inc, Amsterdam Bicycle Company, Triobike.

Expand operations in the future - ask for a custom ized report @ https://www.futuremarketinsights.com/customization-available/rep-gb-7803

Some recent developments in this market are:

More Valuable Insights Available : Future Market Insights offers an unbiased analysis of the global electric cargo bike market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the electric cargo bike market, the market is segmented on the basis of product type, battery type, end-use and region.

Key Segments Profiled :

By Product Type:

By Battery Type:

By End-Use:

By Region:

Request Report Methodology @ https://www.futuremarketinsights.com/request-report-methodology/rep-gb-7803

Table of Content ( ToC ):

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in Conservative Scenario

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

3.5.1. Supply Side Participants and Their Roles

3.5.1.1. Producers

3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

3.5.1.3. Wholesalers and Distributors

3.5.2. Value Added and Value Created at Node in the Supply Chain

3.5.3. List of Raw Material Suppliers

3.5.4. List of Existing and Potential Buyers

3.6. Investment Feasibility Matrix

3.7. Value Chain Analysis

3.7.1. Profit Margin Analysis

3.7.2. Wholesalers and Distributors

3.7.3. Retailers

3.8. PESTLE and Porter's Analysis

3.9. Regulatory Landscape

3.9.1. By Key Regions

3.9.2. By Key Countries

3.10. Regional Parent Market Outlook

3.11. Production and Consumption Statistics

3.12. Import and Export Statistics

Get access to the Full To C of this Report here @ https://www.futuremarketinsights.com/toc/rep-gb-7803

About the Automotive Division at Future Market Insights (FMI):

The automotive team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 billion+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

Explore FMI's Extensive Coverage in Automotive Domain:

Cargo Bike Market Size : The global demand for cargo bikes is expected to rise at 10.8% year-on-year in 2021 with sales reaching over US$ 900 million. Future Market Insights (FMI) projects the cargo bike market to grow at 11.6% CAGR between 2021 and 2031.

Cargo Bike Tire Market Share : The cargo bike tire market value is projected to grow at 12.2% CAGR between 2021 and 2031 and the market volume is expected to grow at a CAGR of 11.6% over the forecast period.

Electric Bike Market Trends : The sales of electric bikes are expected to increase at a CAGR of 10% during the forecast period. The electric bike market size is anticipated to rise from US$ 52.05 Billion in 2022 to US$ 122.1 Billion in 2032.

Two Wheeler Electric Starter Magnet Market Demand : Two wheeler electric starter magnet market is likely to record a promising CAGR of 10.6% during the forecast period. The market is currently valued at US$ 36.96 Billion and is likely to reach US$ 93 Billion by 2032.

Electric Garbage Van Market Growth : The global demand for the electric garbage vans market is poised to grow at an impressive rate of 13.5% during the period covering 2023 to 2033.

Electric Two Wheelers MRO Market Trends : The demand for electric two-wheelers MRO services is predicted to record an impressive CAGR of 4.3% over the next decade. Currently, the electric two-wheelers MRO market share is estimated to be around US$ 435.7 million for this continuing year 2023.

EV Lighting Market Analysis : The EV lighting market analysis report predicts its growth from US$ 2,932.8 million in 2023 to US$ 20,902 million by 2033.

Electric Commercial Vehicle MRO Market Overview : The total revenue generated by the global electric commercial vehicle MRO market is estimated to reach US$ 638.7 Million in the present fiscal year 2023.

Electric Kick Scooter Market Outlook : The electric kick scooter market size is likely to grow at a CAGR of 11.7% during the forecast period. The sales of electric kick scooters are likely to be valued at US$ 2.7 Billion in 2023 and exhibit a revenue growth of US$ 8.2 Billion by 2033.

Electric Utility Vehicles Market Sales : The electric utility vehicles market is expected to reach a valuation of US$ 38,550.2 million by 2033. The market is projected to grow at a sturdy CAGR of 15.4% during the period 2023 to 2033, and as of 2023, the market valuation stands at US$ 9,203.8 million.

About Future Market Insights , Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

Contact Us:

Future Market Insights, Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, USA T: +1-845-579-5705

LinkedIn | Twitter | Blogs | YouTube For Sales Enquiries: [email protected]