All updated as on -
By the end of the projection period in 2030, the global cargo bike market is predicted to be worth US$ 4.7 billion, up from an anticipated valuation of US$ 1.8 billion in 2023.
More effort is being put into research and development, and new products are being introduced, to meet the rising demand for technologically superior cargo bikes. In an effort to reduce pollution from petrol or diesel-powered bicycles, the City Council of Aberdeen, Scotland, stated in February 2021 that hydrogen-powered cargo bicycles would be made available. A contract for six e-cargo bikes to be modified with hydrogen fuel cell subsystems was posted on Public Contracts Scotland as part of the Fuel Cell Cargo Pedelecs European initiative.
Due to their many advantages over other modes of freight transportation, such as lower operating costs, shorter transit times, and fewer bad effects on the environment, cargo bikes are expected to have strong demand over the projected period. In April 2023, Ferla Bikes introduced the world to the Lagom, which has since been hailed as the most powerful long-tail electric cargo bike ever made. Demand for sustainable and inexpensive commuting solutions has led to a spike in cargo bike sales. Cargo bikes are gaining popularity among commuters as a method to get from point A to point B while also getting some exercise and improving one's overall health. The demand for cargo bikes is expected to rise as more people search for easy methods of urban transportation, leading to the introduction of new, more sophisticated models.
COVID-19 has had far-reaching, disastrous impacts on the global industrial industry and supply chain. It has also altered the schedule for transporting and moving cargo. In 2020, many countries, notably India, Italy, and the United Kingdom, instituted nationwide lockdowns in response to the Covid - 19 epidemic, drastically reducing the demand for commodities traffic. Furthermore, pharmaceuticals, medical supplies, and retail food were the most common items transported on lockdown cargo bikes during COVID -19. This was due to the fact that, in comparison to standard gasoline or diesel-powered delivery vehicles, they were both more efficient and less expensive.
The New York City Department of Transportation, for instance, is paying a lot more attention to cargo bikes and their practicality. Companies are increasing their market share by launching new products and developing ground-breaking automobiles. Because of their adaptability and capacity to transport huge goods over great distances, three-wheeled cargo bikes are expected to experience a meteoric rise in popularity. The number of persons taking to the air has increased recently. Therefore, we anticipate an increase in the popularity of cargo bikes for airport baggage carrying.
In an effort to alleviate traffic congestion in certain parts of Manhattan, several logistics and e-commerce& businesses have begun trial programmes using cargo bikes. These companies include DHL, UPS, and Amazon. For instance, the New York City Department of Transportation is investing more time and resources into studying the effectiveness and safety of cargo bikes. Players are increasingly concentrating on expanding their product portfolios and developing new vehicles to sustain their position in the market. The popularity of three-wheeled cargo bikes is predicted to skyrocket as a result of their superior range and payload capacity. More and more people are taking to the skies. As a result, we expect to see a rise in the use of cargo bikes for transporting luggage at airports.
Cargo bikes are preparing to make headway in the paddle-assist electric mobility vehicle market as the transportation technology arms race heats up. A responsive and nimble ride is provided by the tilting mechanism. The tilting system helps with handling and steering on three-wheeled freight bikes. Tilting cargo bikes are attracting the attention of designers like Butchers & Bicycles and Veleon. Vehicle performance as a whole can be enhanced by the efforts of major manufacturers to provide inexpensive and lightweight automobiles. Cargo bikes are simple to ride due to their lightweight, compact frames. Cargo bike drivers can manually modify the bike's position to make it simpler to load and unload carton blocks.
Report Coverage
Global Cargo Bike research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Cargo Bike report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Cargo Bike competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Cargo Bike market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Cargo Bike market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Cargo Bike market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Accell Group, Bodo Vehicle Group Co., Ltd, Butchers & Bicycles ApS, CERO Electric Cargo Bikes, DOUZE Factory SAS, Dutch Cargo Bike, G & O Family Cyclery, Gessato, Jinhua Jobo Technology Co., Ltd, Tern, Urban Arrow, Worksman Cycles, Xtracycle Inc, XYZ CARGO, and Yuba Bicycles LLC
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Cargo Bike market based on the below-mentioned segments:
Global Cargo Bike Market, By Type
Two-wheeled
Three-wheeled
Four-wheeled
Global Cargo Bike market, By Application
Courier & Parcel Delivery
Food Delivery
Others
Global Cargo Bike Market, By Drivetrain
Electric
Non-electric
Global Cargo Bike market, Regional Analysis
More effort is being put into research and development, and new products are being introduced, to meet the rising demand for technologically superior cargo bikes. In an effort to reduce pollution from petrol or diesel-powered bicycles, the City Council of Aberdeen, Scotland, stated in February 2021 that hydrogen-powered cargo bicycles would be made available. A contract for six e-cargo bikes to be modified with hydrogen fuel cell subsystems was posted on Public Contracts Scotland as part of the Fuel Cell Cargo Pedelecs European initiative.
Due to their many advantages over other modes of freight transportation, such as lower operating costs, shorter transit times, and fewer bad effects on the environment, cargo bikes are expected to have strong demand over the projected period. In April 2023, Ferla Bikes introduced the world to the Lagom, which has since been hailed as the most powerful long-tail electric cargo bike ever made. Demand for sustainable and inexpensive commuting solutions has led to a spike in cargo bike sales. Cargo bikes are gaining popularity among commuters as a method to get from point A to point B while also getting some exercise and improving one's overall health. The demand for cargo bikes is expected to rise as more people search for easy methods of urban transportation, leading to the introduction of new, more sophisticated models.
COVID-19 has had far-reaching, disastrous impacts on the global industrial industry and supply chain. It has also altered the schedule for transporting and moving cargo. In 2020, many countries, notably India, Italy, and the United Kingdom, instituted nationwide lockdowns in response to the Covid - 19 epidemic, drastically reducing the demand for commodities traffic. Furthermore, pharmaceuticals, medical supplies, and retail food were the most common items transported on lockdown cargo bikes during COVID -19. This was due to the fact that, in comparison to standard gasoline or diesel-powered delivery vehicles, they were both more efficient and less expensive.
The New York City Department of Transportation, for instance, is paying a lot more attention to cargo bikes and their practicality. Companies are increasing their market share by launching new products and developing ground-breaking automobiles. Because of their adaptability and capacity to transport huge goods over great distances, three-wheeled cargo bikes are expected to experience a meteoric rise in popularity. The number of persons taking to the air has increased recently. Therefore, we anticipate an increase in the popularity of cargo bikes for airport baggage carrying.
In an effort to alleviate traffic congestion in certain parts of Manhattan, several logistics and e-commerce& businesses have begun trial programmes using cargo bikes. These companies include DHL, UPS, and Amazon. For instance, the New York City Department of Transportation is investing more time and resources into studying the effectiveness and safety of cargo bikes. Players are increasingly concentrating on expanding their product portfolios and developing new vehicles to sustain their position in the market. The popularity of three-wheeled cargo bikes is predicted to skyrocket as a result of their superior range and payload capacity. More and more people are taking to the skies. As a result, we expect to see a rise in the use of cargo bikes for transporting luggage at airports.
Cargo bikes are preparing to make headway in the paddle-assist electric mobility vehicle market as the transportation technology arms race heats up. A responsive and nimble ride is provided by the tilting mechanism. The tilting system helps with handling and steering on three-wheeled freight bikes. Tilting cargo bikes are attracting the attention of designers like Butchers & Bicycles and Veleon. Vehicle performance as a whole can be enhanced by the efforts of major manufacturers to provide inexpensive and lightweight automobiles. Cargo bikes are simple to ride due to their lightweight, compact frames. Cargo bike drivers can manually modify the bike's position to make it simpler to load and unload carton blocks.
Report Coverage
Global Cargo Bike research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Cargo Bike report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Cargo Bike competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Cargo Bike market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Accell Group, Bodo Vehicle Group Co., Ltd, Butchers & Bicycles ApS, CERO Electric Cargo Bikes, DOUZE Factory SAS, Dutch Cargo Bike, G & O Family Cyclery, Gessato, Jinhua Jobo Technology Co., Ltd, Tern, Urban Arrow, Worksman Cycles, Xtracycle Inc, XYZ CARGO, and Yuba Bicycles LLC |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Cargo Bike Market from 2021 to 2030.
- Market Forecast for Cargo Bike Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Cargo Bike competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Cargo Bike
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Cargo Bike market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Cargo Bike market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Accell Group, Bodo Vehicle Group Co., Ltd, Butchers & Bicycles ApS, CERO Electric Cargo Bikes, DOUZE Factory SAS, Dutch Cargo Bike, G & O Family Cyclery, Gessato, Jinhua Jobo Technology Co., Ltd, Tern, Urban Arrow, Worksman Cycles, Xtracycle Inc, XYZ CARGO, and Yuba Bicycles LLC
Primary Target Market
- Market Players of Cargo Bike
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Cargo Bike market based on the below-mentioned segments:
Global Cargo Bike Market, By Type
Two-wheeled
Three-wheeled
Four-wheeled
Global Cargo Bike market, By Application
Courier & Parcel Delivery
Food Delivery
Others
Global Cargo Bike Market, By Drivetrain
Electric
Non-electric
Global Cargo Bike market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive cargo bike market market research and competitor analysis for your business to help you develop more profound insights into the cargo bike market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the cargo bike market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.