IMARC Group’s latest research report, titled “Electric Cargo Bike Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global electric cargo bike market is expected to exhibit a CAGR of 12.17% during 2022-2027. An electric cargo bike is a practical, sustainable, non-congested, and inclusive alternative for first and last-mile deliveries and general logistical service provision. These bikes are powered by batteries, such as Nickel-based batteries and lithium-ion. Electric cargo bikes are ideal for various transportation needs due to their small size and low weight. They can be used to deliver parcels, freight, food, and much more effectively. These bikes are gaining widespread prominence since they are highly efficient, sustainable, and easy to operate.
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Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by product type, battery type and end user.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Electric Cargo Bike Market
- Strategies of major players and product offerings
The global market is majorly driven by rising environmental concerns. In line with this, increasing expenditure by the government of various countries on renewable energy and environmentally acceptable options is creating a positive outlook for the market. This is further supported by favorable initiatives to promote clean transport worldwide. Furthermore, rapid advancements in vehicle manufacturing technology are catalyzing the market growth. Apart from this, the growing popularity of electric automobiles is propelling the market growth across the globe. Moreover, the proliferation of e-commerce platforms is strengthening market growth.
Key Players Included in Global Electric Cargo Bike Market Research Report:
- Accell Group N.V.
- Amsterdam Bicycle Company
- Butchers & Bicycles Ltd.
- CERO Inc.
- Derby Cycle AG (Pon Holdings BV)
- Giant Bicycles
- Mahindra & Mahindra Limited
- Rad Power Bikes Inc.
- Riese & Müller GmbH
- Worksman Cycles
- Xtracycle Cargo Bikes and Yuba Bicycles.
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COVID-19 Impact Overview:
We regularly track the direct effect of COVID-19 on the market and the indirect influence of associated industries. These observations will be integrated into the report.
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)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
TOC for the Electric Cargo Bike Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Electric Cargo Bike Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
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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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