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Electric Cargo Bike Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global electric cargo bike market is expected to exhibit a CAGR of 12.17% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Electric cargo bike, or freight bicycle, refers to a lightweight, battery-operated cargo-carrying vehicle that is designed to enable riders to carry and transport heavy products. As compared to a conventional bike, it is more eco-friendly, sleek, lightweight, faster, and offers superior stability, which minimizes adverse ecological, social, and economic effects. Apart from this, an electric cargo bike is portable, smooth, cost-effective, and an easy to ride transportation medium, due to which it is extensively used by riders for covering short distances in urban areas. At present, electric cargo bike is commercially available in two, three, and four-wheeler bicycle types that are further driven by nickel-metal hydride (NiMH) and lithium-ion (Li-Ion) batteries. 

Electric Cargo Bike Market Trends:

With the rapid expansion in the automotive industry and the increasing number of ongoing automobile engineering activities, there has been increasing demand for eco-friendly and cost-effective urban commute options, such as electric cargo bike, especially in traffic-congested cities. This, in turn, represents one of the key factors driving the market growth. In line with this, the rising environmental concerns have prompted governments of different nations to undertake numerous green initiatives promoting the uptake of electric cargo bikes over conventional bikes to minimize noise and air pollution, which is acting as another major growth-inducing factor. Additionally, the incorporation of lithium-Ion (Li-Ion) batteries in the vehicle owing to its high energy density, better voltage capacity, longer charge retention, and lower self-discharge, is propelling the market growth. Moreover, the extensive utilization of e-commerce platforms has facilitated the widespread adoption of electric cargo bikes in logistic companies to offer last-mile delivery services, thus supporting the market growth. Other factors, such as strategic collaborations amongst key players and the significant investments being made in the research and development (R&D) activities to introduce electric cargo bikes in sleek and innovate designs, are creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global electric cargo bike market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, battery type and end user.

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
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Accell Group N.V., Amsterdam Bicycle Company, Butchers & Bicycles Ltd., CERO Inc., Kalkhoff Werke GmbH, Giant Bicycles, Mahindra & Mahindra Limited, Rad Power Bikes Inc., Riese & Müller GmbH, Worksman Cycles, Xtracycle Cargo Bikes and Yuba Bicycles.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Product Type, Battery Type, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Accell Group N.V., Amsterdam Bicycle Company, Butchers & Bicycles Ltd., CERO Inc., Kalkhoff Werke GmbH, Giant Bicycles, Mahindra & Mahindra Limited, Rad Power Bikes Inc., Riese & Müller GmbH, Worksman Cycles, Xtracycle Cargo Bikes and Yuba Bicycles
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Electric Cargo Bike Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product Type
    6.1    Two-wheeler
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Three-wheeler
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Four-wheeler
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Battery Type
    7.1    Lithium-ion
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Lead-based
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Nickel-based
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by End User
    8.1    Courier and Parcel Service Providers
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Service Delivery
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Personal Use
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Large Retail Suppliers
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Waste Municipal Services
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Others
        8.6.1 Market Trends
        8.6.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Accell Group N.V.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
        14.3.2    Amsterdam Bicycle Company
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Butchers & Bicycles Ltd.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    CERO Inc.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    Kalkhoff Werke GmbH
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    Giant Bicycles
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
        14.3.7    Mahindra & Mahindra Limited
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    Rad Power Bikes Inc.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    Riese & Müller GmbH
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Worksman Cycles
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    Xtracycle Cargo Bikes
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
        14.3.12    Yuba Bicycles
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Electric Cargo Bike Market: Major Drivers and Challenges
Figure 2: Global: Electric Cargo Bike Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Electric Cargo Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Electric Cargo Bike Market: Breakup by Product Type (in %), 2021
Figure 5: Global: Electric Cargo Bike Market: Breakup by Battery Type (in %), 2021
Figure 6: Global: Electric Cargo Bike Market: Breakup by End User (in %), 2021
Figure 7: Global: Electric Cargo Bike Market: Breakup by Region (in %), 2021
Figure 8: Global: Electric Cargo Bike (Two-wheeler) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Electric Cargo Bike (Two-wheeler) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Electric Cargo Bike (Three-wheeler) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Electric Cargo Bike (Three-wheeler) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Electric Cargo Bike (Four-wheeler) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Electric Cargo Bike (Four-wheeler) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Electric Cargo Bike (Lithium-ion) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Electric Cargo Bike (Lithium-ion) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Electric Cargo Bike (Lead-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Electric Cargo Bike (Lead-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Electric Cargo Bike (Nickel-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Electric Cargo Bike (Nickel-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Electric Cargo Bike (Courier and Parcel Service Providers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Electric Cargo Bike (Courier and Parcel Service Providers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Electric Cargo Bike (Service Delivery) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Electric Cargo Bike (Service Delivery) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Electric Cargo Bike (Personal Use) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Electric Cargo Bike (Personal Use) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Electric Cargo Bike (Large Retail Suppliers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Electric Cargo Bike (Large Retail Suppliers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Electric Cargo Bike (Waste Municipal Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Electric Cargo Bike (Waste Municipal Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Electric Cargo Bike (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Electric Cargo Bike (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: North America: Electric Cargo Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: North America: Electric Cargo Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: United States: Electric Cargo Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: United States: Electric Cargo Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Canada: Electric Cargo Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Canada: Electric Cargo Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Asia-Pacific: Electric Cargo Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Asia-Pacific: Electric Cargo Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: China: Electric Cargo Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: China: Electric Cargo Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Japan: Electric Cargo Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Japan: Electric Cargo Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: India: Electric Cargo Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: India: Electric Cargo Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: South Korea: Electric Cargo Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: South Korea: Electric Cargo Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Australia: Electric Cargo Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Australia: Electric Cargo Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Indonesia: Electric Cargo Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Indonesia: Electric Cargo Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Others: Electric Cargo Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Others: Electric Cargo Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Europe: Electric Cargo Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Europe: Electric Cargo Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Germany: Electric Cargo Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Germany: Electric Cargo Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: France: Electric Cargo Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: France: Electric Cargo Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: United Kingdom: Electric Cargo Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: United Kingdom: Electric Cargo Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Italy: Electric Cargo Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Italy: Electric Cargo Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Spain: Electric Cargo Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Spain: Electric Cargo Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Russia: Electric Cargo Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Russia: Electric Cargo Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Electric Cargo Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Electric Cargo Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Latin America: Electric Cargo Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Latin America: Electric Cargo Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Brazil: Electric Cargo Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Brazil: Electric Cargo Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Mexico: Electric Cargo Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Mexico: Electric Cargo Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Others: Electric Cargo Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Others: Electric Cargo Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Middle East and Africa: Electric Cargo Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Middle East and Africa: Electric Cargo Bike Market: Breakup by Country (in %), 2021
Figure 80: Middle East and Africa: Electric Cargo Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Global: Electric Cargo Bike Industry: SWOT Analysis
Figure 82: Global: Electric Cargo Bike Industry: Value Chain Analysis
Figure 83: Global: Electric Cargo Bike Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Electric Cargo Bike Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Electric Cargo Bike Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Electric Cargo Bike Market Forecast: Breakup by Battery Type (in Million US$), 2022-2027
Table 4: Global: Electric Cargo Bike Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Electric Cargo Bike Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Electric Cargo Bike Market: Competitive Structure
Table 7: Global: Electric Cargo Bike Market: Key Players


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Key Questions Answered in This Report

We expect the global electric cargo bike market to exhibit a CAGR of 12.17% during 2022-2027.

The rising environmental concerns, along with the increasing demand for eco-friendly and cost-effective urban commute options, such as electric cargo bike, are primarily driving the global electric cargo bike market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary closure of numerous manufacturing units and demand fluctuations for electric cargo bikes.

Based on the product type, the global electric cargo bike market can be segmented into two-wheeler, three-wheeler, and four-wheeler. Currently, two-wheeler holds the majority of the total market share.

Based on the battery type, the global electric cargo bike market has been divided into lithium-ion, lead-based, and nickel-based. Among these, lithium-ion currently exhibits a clear dominance in the market.

Based on the end user, the global electric cargo bike market can be categorized into courier and parcel service providers, service delivery, personal use, large retail suppliers, waste municipal services, and others. Currently, courier and parcel service providers account for the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.

Some of the major players in the global electric cargo bike market include Accell Group N.V., Amsterdam Bicycle Company, Butchers & Bicycles Ltd., CERO Inc., Kalkhoff Werke GmbH, Giant Bicycles, Mahindra & Mahindra Limited, Rad Power Bikes Inc., Riese & Müller GmbH, Worksman Cycles, Xtracycle Cargo Bikes, and Yuba Bicycles.

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