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Asia Pacific Electric Cargo Bike Market Size, Share & Trends Analysis Report By Range, By Application (Personal Use, Delivery & Courier, Waste & Municipal Services, and Others), By Type (Front Loader and Longtail), By Country and Growth Forecast, 2024 - 2031

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    Report

  • 80 Pages
  • May 2024
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5978686
The Asia Pacific Electric Cargo Bike Market would witness market growth of 11.9% CAGR during the forecast period (2024-2031).

The China market dominated the Asia Pacific Electric Cargo Bike Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $736.2 million by 2031. The Japan market is capturing a CAGR of 11.1% during (2024 - 2031). Additionally, The India market would register a CAGR of 12.6% during (2024 - 2031).



Electric cargo bikes are bicycles equipped with electric motors to assist with propulsion, particularly when carrying heavy loads. These bikes are designed to transport goods, packages, or passengers over short to medium distances, offering a sustainable alternative to traditional delivery vans or trucks in urban areas. There is a notable increase in interest and expansion in the electric cargo bike industry, which can be attributed to various significant factors that are transforming last-mile delivery solutions and urban transportation. These novel automobiles provide an environmentally conscious and effective substitute for conventional delivery vans and trucks, thereby responding to the growing obstacles presented by urban congestion, air pollution, and the demand for more sustainable modes of transportation.

One of the primary drivers of the electric cargo bike market's growth is the increasing demand for eco-friendly and efficient last-mile delivery solutions. The proliferation of e-commerce, as well as online shopping, has dramatically increased the quantity of products delivered to residences and places of business. By providing a practical and eco-friendly alternative to conventional delivery vehicles, electric cargo bikes enable businesses to decrease their carbon footprint and satisfy the rising demand for more rapid and efficient delivery services.

Singapore, a key Asian Pacific player, has also witnessed a surge in its e-commerce industry. According to the International Trade Administration, the gross merchandise volume of the Singaporean e-commerce sector experienced a significant increase, reaching US$8.2 billion in 2022. Projections suggest that this figure will continue to rise, reaching US$11 billion by 2025. This growth in e-commerce is driving the demand for efficient and sustainable last-mile delivery solutions, leading to an increased interest in electric cargo bikes. Thus, the growth of the e-commerce industry is fueling the demand for electric cargo bikes in the Asia Pacific region.

Based on Range, the market is segmented into Less than 50 km and More than 50 km. Based on Application, the market is segmented into Personal Use, Delivery & Courier, Waste & Municipal Services, and Others. Based on Type, the market is segmented into Front Loader and Longtail. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

List of Key Companies Profiled

  • Yuba Bikes
  • Mobility Holdings, Limited (Tern)
  • Amsterdam Bicycle Company BV
  • Avant Enterprises, Inc. (Aventon)
  • Priority Outdoor Products, LLC
  • Riese & Müller GmbH
  • Bunch Bikes, Inc.
  • Pon Holdings B.V. (Houdstermaatschappij Wilg B.V.)
  • Rad Power Bikes Inc.
  • RYTLE Mobility GmbH

Market Report Segmentation

By Range

  • Less than 50 km
  • More than 50 km

By Application

  • Personal Use
  • Delivery & Courier
  • Waste & Municipal Services
  • Others

By Type

  • Front Loader
  • Longtail

By Country

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Australia
  • Rest of Asia Pacific

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Electric Cargo Bike Market, by Range
1.4.2 Asia Pacific Electric Cargo Bike Market, by Application
1.4.3 Asia Pacific Electric Cargo Bike Market, by Type
1.4.4 Asia Pacific Electric Cargo Bike Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Asia Pacific Electric Cargo Bike Market by Range
4.1 Asia Pacific Less than 50 km Market by Country
4.2 Asia Pacific More than 50 km Market by Country
Chapter 5. Asia Pacific Electric Cargo Bike Market by Application
5.1 Asia Pacific Personal Use Market by Country
5.2 Asia Pacific Delivery & Courier Market by Country
5.3 Asia Pacific Waste & Municipal Services Market by Country
5.4 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Electric Cargo Bike Market by Type
6.1 Asia Pacific Front Loader Market by Country
6.2 Asia Pacific Longtail Market by Country
Chapter 7. Asia Pacific Electric Cargo Bike Market by Country
7.1 China Electric Cargo Bike Market
7.1.1 China Electric Cargo Bike Market by Range
7.1.2 China Electric Cargo Bike Market by Application
7.1.3 China Electric Cargo Bike Market by Type
7.2 Japan Electric Cargo Bike Market
7.2.1 Japan Electric Cargo Bike Market by Range
7.2.2 Japan Electric Cargo Bike Market by Application
7.2.3 Japan Electric Cargo Bike Market by Type
7.3 India Electric Cargo Bike Market
7.3.1 India Electric Cargo Bike Market by Range
7.3.2 India Electric Cargo Bike Market by Application
7.3.3 India Electric Cargo Bike Market by Type
7.4 South Korea Electric Cargo Bike Market
7.4.1 South Korea Electric Cargo Bike Market by Range
7.4.2 South Korea Electric Cargo Bike Market by Application
7.4.3 South Korea Electric Cargo Bike Market by Type
7.5 Singapore Electric Cargo Bike Market
7.5.1 Singapore Electric Cargo Bike Market by Range
7.5.2 Singapore Electric Cargo Bike Market by Application
7.5.3 Singapore Electric Cargo Bike Market by Type
7.6 Australia Electric Cargo Bike Market
7.6.1 Australia Electric Cargo Bike Market by Range
7.6.2 Australia Electric Cargo Bike Market by Application
7.6.3 Australia Electric Cargo Bike Market by Type
7.7 Rest of Asia Pacific Electric Cargo Bike Market
7.7.1 Rest of Asia Pacific Electric Cargo Bike Market by Range
7.7.2 Rest of Asia Pacific Electric Cargo Bike Market by Application
7.7.3 Rest of Asia Pacific Electric Cargo Bike Market by Type
Chapter 8. Company Profiles
8.1 Yuba Bikes
8.1.1 Company Overview
8.1.2 Recent strategies and developments:
8.1.2.1 Product Launches and Product Expansions:
8.2 Mobility Holdings, Limited (Tern)
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Partnerships, Collaborations, and Agreements:
8.2.2.2 Product Launches and Product Expansions:
8.3 Avant Enterprises, Inc. (Aventon)
8.3.1 Company Overview
8.4 Priority Outdoor Products, LLC
8.4.1 Company Overview
8.5 Riese & Müller GmbH
8.5.1 Company Overview
8.6 Bunch Bikes, Inc.
8.6.1 Company Overview
8.7 Pon Holdings B.V. (Houdstermaatschappij Wilg B.V.)
8.7.1 Company Overview
8.8 Rad Power Bikes Inc.
8.8.1 Company Overview
8.9 RYTLE Mobility GmbH
8.9.1 Company Overview

Companies Mentioned

  • Yuba Bikes
  • Mobility Holdings, Limited (Tern)
  • Amsterdam Bicycle Company BV
  • Avant Enterprises, Inc. (Aventon)
  • Priority Outdoor Products, LLC
  • Riese & Müller GmbH
  • Bunch Bikes, Inc.
  • Pon Holdings B.V. (Houdstermaatschappij Wilg B.V.)
  • Rad Power Bikes Inc.
  • RYTLE Mobility GmbH

Methodology

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