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Global Electric Cargo Bikes Market: By Product Type: Two Wheeled, Three Wheeled, Four Wheeled; By Battery Type: Lead Based, Nickel Based, Lithium Ion; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Electric Cargo Bikes Market Outlook
The global electric cargo bikes market reached a value of about USD 550 million in 2020. The market is further expected to grow at a CAGR of 12% in the forecast period of 2021-2026 to reach a value of approximately USD 1086 million by 2026.
Europe to Dominate the Global Market for Electric Cargo Bikes
Europe is the leading region in the global market for electric cargo bikes and is expected to maintain its dominance in the forecast period as well. The market growth in Europe can be attributed to the thriving cargo bikes industry and the increasing adoption of electric vehicles (EVs) in the region. The favourable government initiatives to promote clean transport are significantly contributing to the industry growth. Further, Germany accounts for a major share in the European electric cargo bikes industry. The country recorded the sales of 15,000 e-cargo bikes in 2016. The increasing adoption of cargo bikes for private and commercial use is aiding the regional industry growth. Besides Germany, Denmark, the United Kingdom, and the Netherlands are the other significant national markets in Europe. Meanwhile, North America is expected to witness a considerable growth in the forecast period. The growing focus on improving air quality, decarbonising transport, and regaining public street space is expected to favour the electric cargo bikes industry growth in the coming years.
Electric Cargo Bikes: Industry Definition and Segmentation
Electric cargo bikes refer to battery operated bikes and bicycles. These bikes are operated and powered by portable batteries like lithium ion and nickel-based batteries. Electric cargo bikes are highly versatile and offer smooth ride as they are light in weight. They can serve as an efficient method of transport for carrying packages, cargo, food, and more. Further, the demand for these vehicles is increasing as they are environment friendly and have a low running cost.
By product type, the market is bifurcated into:
- Two Wheeled
- Three Wheeled
- Four Wheeled
The market is divided based on battery type into:
- Lead Based
- Nickel Based
- Lithium Ion
- Others
On the basis of end use, the industry can be segmented into:
- Courier and Parcel Service Provider
- Municipal Services
- Service Delivery
- Retail Supplier
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Increasing Environmental Concern to Bolster the Growth of the Electric Cargo Bikes Industry
The growing environmental consciousness around the globe is the major factor driving the growth of the electric cargo bikes industry. The increasing government investments to encourage the adoption of renewable energy sources and environment friendly alternatives have significantly contributed to the market expansion. While the four wheeled cargo bikes are yet to play a significant role, the sales of three-wheeler cargo bikes are growing at a relatively faster rate in comparison to two wheelers. The rapid technological advancements and new innovations to develop affordable and low emission transport alternatives are expected to bode well for the industry growth in the coming years.
Key Industry Players in the Global Electric Cargo Bikes Market
The report gives a detailed analysis of the following key players in the global electric cargo bikes market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Rad Power Bikes LLC
- Yuba Bicycles LLC
- Worksman Trading Corporation
- Douze Factory SAS
- Republic Bike Inc.
- Dutch Cargo Bike
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Electric Cargo Bikes Market Analysis
8.1 Key Industry Highlights
8.2 Global Electric Cargo Bikes Historical Market (2016-2020)
8.3 Global Electric Cargo Bikes Market Forecast (2021-2026)
8.4 Global Electric Cargo Bikes Market by Product Type
8.4.1 Two Wheeled
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Three Wheeled
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.4.3 Four Wheeled
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2016-2020)
8.4.3.3 Forecast Trend (2021-2026)
8.5 Global Electric Cargo Bikes Market by Battery Type
8.5.1 Lead Based
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Nickel Based
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Lithium Ion
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 Others
8.6 Global Electric Cargo Bikes Market by End Use
8.6.1 Courier and Parcel Service Provider
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 Municipal Services
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.6.3 Service Delivery
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2016-2020)
8.6.3.3 Forecast Trend (2021-2026)
8.6.4 Retail Supplier
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2016-2020)
8.6.4.3 Forecast Trend (2021-2026)
8.6.5 Others
8.7 Global Electric Cargo Bikes Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Rad Power Bikes LLC
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Yuba Bicycles LLC
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Worksman Trading Corporation
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Douze Factory SAS
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Republic Bike Inc.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Dutch Cargo Bike
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
List of Figures and Tables
1. Global Electric Cargo Bikes Market: Key Industry Highlights, 2016 and 2026
2. Global Electric Cargo Bikes Historical Market: Breakup by Product Type (USD Billion), 2016-2020
3. Global Electric Cargo Bikes Market Forecast: Breakup by Product Type (USD Billion), 2021-2026
4. Global Electric Cargo Bikes Historical Market: Breakup by Battery Type (USD Billion), 2016-2020
5. Global Electric Cargo Bikes Market Forecast: Breakup by Battery Type (USD Billion), 2021-2026
6. Global Electric Cargo Bikes Historical Market: Breakup by End Use (USD Billion), 2016-2020
7. Global Electric Cargo Bikes Market Forecast: Breakup by End Use (USD Billion), 2021-2026
8. Global Electric Cargo Bikes Historical Market: Breakup by Region (USD Billion), 2016-2020
9. Global Electric Cargo Bikes Market Forecast: Breakup by Region (USD Billion), 2021-2026
10. North America Electric Cargo Bikes Historical Market: Breakup by Country (USD Billion), 2016-2020
11. North America Electric Cargo Bikes Market Forecast: Breakup by Country (USD Billion), 2021-2026
12. Europe Electric Cargo Bikes Historical Market: Breakup by Country (USD Billion), 2016-2020
13. Europe Electric Cargo Bikes Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Asia Pacific Electric Cargo Bikes Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Asia Pacific Electric Cargo Bikes Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Latin America Electric Cargo Bikes Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Latin America Electric Cargo Bikes Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Middle East and Africa Electric Cargo Bikes Historical Market: Breakup by Country (USD Billion), 2016-2020
19. Middle East and Africa Electric Cargo Bikes Market Forecast: Breakup by Country (USD Billion), 2021-2026
20. Global Electric Cargo Bikes Market Structure
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