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Europe Electric Cargo Bikes Market Size, Share, Analysis: By Product Type: Two Wheeled, Three Wheeled, Four Wheeled; By Battery Type: Lithium Ion, Others; By End Use: Residential, Commercial; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Europe Electric Cargo Bikes Market Outlook
The Europe electric cargo bikes market size was valued at USD 2.01 billion in 2023. The market is further projected to grow at a CAGR of 33.9% between 2024 and 2032, reaching a value of USD 28.69 billion by 2032.
Key Takeaways
- Cargo bike manufacturers sold 112,429 cargo bikes in 2022, a 36.3% increase from 2021.
- Employee numbers in the cargo bike industry grew by 25.8% in 2022. The mean number of employees per cargo bike company in 2023 is 70.6, showing an increase from 2022.
- As per industry reports, electric cargo bikes covered almost 5 million km in 2022, with 91% of them being over 300GW.
Governments across Europe are promoting the use of eco-friendly transportation solutions, including electric cargo bikes. For instance, Germany offers subsidies of up to 25% or a maximum of 2,500 Euros per cargo bike with a payload, and the Netherlands provides grants of up to 30% of the purchase price. These support measures drive Europe electric cargo bikes market growth.
Manufacturers are focusing on producing cost-effective, lightweight, and technologically advanced electric cargo bikes. For example, Riese & Müller, a German manufacturer, offers electric cargo bikes with a modular design, allowing users to customise their bikes based on their needs. This focus on innovation and product development enhances the efficiency and usability of electric cargo bikes.
The rising concern over carbon footprints, coupled with the growth of e-mobility and increasing traffic in Europe, is propelling the demand for electric cargo bikes. For instance, in 2021, the European Commission launched the "Europe on the Move" initiative, which aims to promote clean, connected, and automated mobility.
The growth of e-commerce platforms and the rising demand for efficient transportation and logistics solutions have helped in increasing the Europe electric cargo bikes market share. For example, DHL Express, a leading courier service provider, has incorporated electric cargo bikes into its delivery fleet in several European cities, enhancing last-mile delivery services and reducing carbon emissions.
The electric cargo bike market in Europe is expected to grow significantly in both residential and commercial applications, driven by factors such as rapid surge towards electrification of vehicles, growing prices of fuels, lower running costs, growing e-commerce platforms in developing economies, faster delivery with new technological advancements, and the increasing adoption of electric cargo bikes for personal use.
Market Segmentation
Europe Electric Cargo Bikes Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
- Two Wheeled
- Three Wheeled
- Four Wheeled
Market Breakup by Battery Type
- Lithium Ion
- Other
Market Breakup by End Use
- Residential
- Commercial
- Courier and Parcel Service Provider
- Service Delivery
- Retail Supplier
- Others
Market Breakup by Country
- Germany
- United Kingdom
- France
- Italy
- Others
Competitive Landscape
Market players are focused on developing fuel-efficient and environmentally friendly products to meet the growing demand for eco-friendly alternatives to traditional delivery vehicles.
- Giant Bicycle, Inc.
- DOUZE Factory SAS
- Accell Group B.V.
- Bakfiets.n
- Riese & Müller GmbH
- RYTLE Mobility GmbH
- Pon Holdings (Smart Urban Mobility B.V.)
- Amsterdam Bicycle Company LLC
- Hawley LLC (Yubabikes)
- Mobility Holdings, Ltd. (Tern)
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Battery Type |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Electric Cargo Bikes Market Overview
8.1 Key Industry Highlights
8.2 Global Electric Cargo Bikes Historical Market (2018-2023)
8.3 Global Electric Cargo Bikes Market Forecast (2024-2032)
8.4 Global Electric Cargo Bikes Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Europe Electric Cargo Bikes Market Overview
9.1 Key Industry Highlights
9.2 Europe Electric Cargo Bikes Historical Market (2018-2023)
9.3 Europe Electric Cargo Bikes Market Forecast (2024-2032)
10 Europe Electric Cargo Bikes Market by Product Type
10.1 Two Wheeled
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Three Wheeled
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Four Wheeled
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Europe Electric Cargo Bikes Market by Battery Type
11.1 Lithium Ion
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Others
12 Europe Electric Cargo Bikes Market by End Use
12.1 Residential
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Commercial
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.2.3 Breakup by Type
12.2.3.1 Courier and Parcel Service Provider
12.2.3.2 Service Delivery
12.2.3.3 Retail Supplier
12.2.3.4 Others
13 Europe Electric Cargo Bikes Market by Country
13.1 Germany
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Kingdom
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 France
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Italy
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators of Demand
14.4 Key Indicators of Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Giant Bicycle, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 DOUZE Factory SAS
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Accell Group B.V.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Bakfiets.nl
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Riese & Müller GmbH
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 RYTLE Mobility GmbH
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Pon Holdings (Smart Urban Mobility B.V.)
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Amsterdam Bicycle Company LLC
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Hawley LLC (Yubabikes)
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Mobility Holdings, Ltd. (Tern)
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Electric Cargo Bikes Market: Key Industry Highlights, 2018 and 2032
2. Europe Electric Cargo Bikes Market: Key Industry Highlights, 2018 and 2032
3. Europe Electric Cargo Bikes Historical Market: Breakup by Product Type (USD Billion), 2018-2023
4. Europe Electric Cargo Bikes Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
5. Europe Electric Cargo Bikes Historical Market: Breakup by Battery Type (USD Billion), 2018-2023
6. Europe Electric Cargo Bikes Market Forecast: Breakup by Battery Type (USD Billion), 2024-2032
7. Europe Electric Cargo Bikes Historical Market: Breakup by End Use (USD Billion), 2018-2023
8. Europe Electric Cargo Bikes Market Forecast: Breakup by End Use (USD Billion), 2024-2032
9. Europe Electric Cargo Bikes Historical Market: Breakup by Country (USD Billion), 2018-2023
10. Europe Electric Cargo Bikes Market Forecast: Breakup by Country (USD Billion), 2024-2032
11. Europe Electric Cargo Bikes Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 2.01 billion.
The market is expected to grow at a CAGR of 33.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 28.69 billion by 2032.
The market is being driven due to the shift towards electric cargo bikes as eco-friendly alternatives and developments in e-commerce and last-mile delivery services.
Key trends aiding the market expansion include a focus on sustainability and eco-friendliness, technological advancements, and the growing demand for fuel-efficient and lightweight vehicles.
Countries considered in the market are Germany, United Kingdom, France, Italy, among others.
Based on end use, the market segmentations include residential and commercial, which includes courier and parcel service provider, service delivery, and retail supplier, among others.
Two wheeled, three wheeled, and four wheeled electric cargo bikes are considered in the report.
Key players in the market are Giant Bicycle, Inc., DOUZE Factory SAS, Accell Group B.V., Bakfiets.n, Riese & Müller GmbH, RYTLE Mobility GmbH, Pon Holdings (Smart Urban Mobility B.V.), Amsterdam Bicycle Company LLC, Hawley LLC (Yubabikes), and Mobility Holdings, Ltd. (Tern), among others.
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