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The United States electric cargo bikes market size was valued at USD 0.42 billion in 2023. The market is further projected to grow at a CAGR of 37.2% between 2024 and 2032, reaching a value of USD 7.71 billion by 2032.
As consumers and businesses become more environmentally conscious, they are looking for alternative modes of transportation that reduce carbon emissions. For example, UPS has been using electric cargo bikes for deliveries in urban areas since 2012, and the company has since expanded its electric cargo bike fleet to several cities across the United States.
Companies are investing in the development of charging stations and other infrastructure to support the growth of the market. For instance, Rad Power Bikes has developed a network of charging stations in Seattle, Washington, to support its electric cargo bike fleet.
The market is highly competitive as numerous prominent industry players are investing in their production. For example, Riese & Müller GmbH, a German company, has expanded its product line to include electric cargo bikes, with models such as the Packster and Load capable of hauling up to 200 kg.
Market players are also capitalising on the benefits of lithium-ion batteries, which dominate the United States electric cargo bikes market share, due to their high performance, low weight, and efficiency in charging and discharging. Additionally, market players are leveraging financial incentives, grants, tax breaks, and subsidies provided by governments and municipalities to encourage businesses to adopt e-bikes for cargo delivery, thus fostering the growth of the cargo e-bike industry in the United States.
Recent developments in the electric cargo bikes market in United States include the introduction of new models with advanced features and the expansion of existing product lines. For example, Tern Bicycles introduced the NBD, a low-step e-bike capable of supporting a maximum gross vehicle weight of 140 kg, with a rear rack that can handle up to 27 kg and a front rack that can handle up to 20 kg.
United States 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
Market Breakup by Battery Type
Market Breakup by End Use
Market Breakup by Region
Market players are focusing on the increasing demand for e-bikes for carrying luggage, supporting logistics and freight activities, and promoting sustainable delivery solutions.
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:
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Breakup by Product Type |
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Breakup by Battery Type |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*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 North America Electric Cargo Bikes Market Overview
8.1 Key Industry Highlights
8.2 North America Electric Cargo Bikes Historical Market (2018-2023)
8.3 North America Electric Cargo Bikes Market Forecast (2024-2032)
9 United States Electric Cargo Bikes Market Overview
9.1 Key Industry Highlights
9.2 United States Electric Cargo Bikes Historical Market (2018-2023)
9.3 United States Electric Cargo Bikes Market Forecast (2024-2032)
10 United States 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 United States 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 United States 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 United States Electric Cargo Bikes Market by Region
13.1 New England
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Mideast
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Great Lakes
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Plains
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Southeast
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Southwest
13.6.1 Historical Trend (2018-2023)
13.6.2 Forecast Trend (2024-2032)
13.7 Rocky Mountain
13.7.1 Historical Trend (2018-2023)
13.7.2 Forecast Trend (2024-2032)
13.8 Far West
13.8.1 Historical Trend (2018-2023)
13.8.2 Forecast Trend (2024-2032)
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 Rad Power Bikes Inc.
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 Pedego Inc.
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 Riese & Müller GmbH
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 Hawley LLC (Yubabikes)
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 Amsterdam Bicycle Company LLC
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 Worksman Cycles Co. Inc.
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 Priority Outdoor Products, LLC (Xtracycle)
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 Mobility Holdings, Ltd. (Tern)
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 Bunch Bikes, Inc.
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. North America Electric Cargo Bikes Market: Key Industry Highlights, 2018 and 2032
2. United States Electric Cargo Bikes Market: Key Industry Highlights, 2018 and 2032
3. United States Electric Cargo Bikes Historical Market: Breakup by Product Type (USD Billion), 2018-2023
4. United States Electric Cargo Bikes Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
5. United States Electric Cargo Bikes Historical Market: Breakup by Battery Type (USD Billion), 2018-2023
6. United States Electric Cargo Bikes Market Forecast: Breakup by Battery Type (USD Billion), 2024-2032
7. United States Electric Cargo Bikes Historical Market: Breakup by End Use (USD Billion), 2018-2023
8. United States Electric Cargo Bikes Market Forecast: Breakup by End Use (USD Billion), 2024-2032
9. United States Electric Cargo Bikes Historical Market: Breakup by Region (USD Billion), 2018-2023
10. United States Electric Cargo Bikes Market Forecast: Breakup by Region (USD Billion), 2024-2032
11. United States Electric Cargo Bikes Market Structure
In 2023, the market reached an approximate value of USD 0.42 billion.
The market is expected to grow at a CAGR of 37.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 7.71 billion by 2032.
The market is driven by factors such as increase in demand for electric cargo bikes to reduce traffic congestion, surge in sustainability and environmental awareness to reduce carbon emission, and developments in e-commerce and last-mile delivery.
Key trends aiding the market expansion include favourable government initiatives, regulatory support, and technological advancements in electric cargo bikes.
Regions considered in the market are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
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., Rad Power Bikes Inc., Pedego Inc., Riese & Müller GmbH, Hawley LLC (Yubabikes), Amsterdam Bicycle Company LLC, Worksman Cycles Co. Inc., Priority Outdoor Products, LLC (Xtracycle), Mobility Holdings, Ltd. (Tern), and Bunch Bikes, Inc., among others.
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