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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 Regional Outlook and Forecast, 2024 - 2031

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    Report

  • 181 Pages
  • May 2024
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5978622
The Global Electric Cargo Bike Market size is expected to reach $5.7 billion by 2031, rising at a market growth of 11.5% CAGR during the forecast period.

Online shopping has experienced significant growth and is expected to continue expanding in the coming years. By 2027, experts predict that 22% of total retail sales, amounting to over $7.5 trillion, will be conducted online. The boom in e-commerce has fundamentally reshaped the retail landscape, driving a surge in demand for efficient and sustainable delivery solutions. Therefore, Delivery & Courier segment would capture 1/3rd revenue share in the market by the year 2031. The increasing prevalence of online shopping, particularly in urban regions, has generated a greater demand for delivery alternatives that are prompt, dependable, and ecologically sustainable.



Regulatory support plays a crucial role in shaping sustainable transportation initiatives globally. Cities and governments worldwide increasingly recognize the importance of promoting eco-friendly modes of transport to combat pollution and reduce carbon emissions. One common strategy is the implementation of dedicated bike lanes, which encourage cycling and make it safer and more convenient.

Additionally, substantial progress in technology has been instrumental in the conversion of electric cargo bikes into a viable and attractive alternative for commercial applications. One of the key areas of improvement has been in battery technology. Electric cargo bikes are now capable of traversing greater distances on a solitary charge, owing to the substantial range enhancements brought about by the development of powerful, lightweight batteries. Therefore, the combination of advancements in battery technology, electric motor efficiency, and load capacities has made electric cargo bikes more practical and appealing for commercial use, increasing the demand for these bikes.

However, Electric cargo bikes encounter stiff competition from various other transportation modes, including cars, vans, and traditional bicycles, all of which contribute to limiting their market share. Cars and vans, with their larger carrying capacities and higher speeds, are often perceived as more convenient for transporting goods over longer distances or in areas with less developed cycling infrastructure. Thus, the electric cargo bike market faces significant competition from other modes of transport.

Range Outlook

By range, the electric cargo bike market is divided into less than 50 km and more than 50 km. The less than 50 km segment witnessed 64% revenue share in the electric cargo bike market in 2023. Electric cargo bikes with less than 50 km range are well-suited for last-mile delivery services, where goods must be transported from a distribution center to the final destination. Bikes in this range have lower maintenance costs and no fuel expenses.

Application Outlook

On the basis of application, the electric cargo bike market is classified into personal use, delivery & courier, waste & municipal services, and others. The delivery & courier segment recorded 34% revenue share in the electric cargo bike market in 2023. Courier companies and e-commerce retailers use electric cargo bikes to deliver customer parcels. The cargo capacity of these bikes allows them to carry multiple parcels at once, reducing the number of trips required to complete deliveries.



Type Outlook

Based on type, the electric cargo bike market is bifurcated into front loader and longtail. The front loader segment garnered 58% revenue share in the electric cargo bike market in 2023. The front loader refers to bikes where the cargo area is in front of the rider, between the handlebars and the front wheel. Designed to facilitate access to the cargo area and provide exceptional visibility, this model is ideal for transporting larger or bulkier items.

Regional Outlook

Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment procured 43% revenue share in the market in 2023. The Asia-Pacific region is experiencing rapid urbanization and a surge in e-commerce activities. As more people migrate to urban areas and online shopping becomes increasingly popular, there is a growing need for efficient and sustainable logistics solutions to fulfil the rising demand for goods delivery. Electric cargo bikes offer a cost-effective and flexible solution for last-mile delivery in urban areas, making them attractive to e-commerce businesses and delivery service providers.

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 Geography

  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

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 Global Electric Cargo Bike Market, by Range
1.4.2 Global Electric Cargo Bike Market, by Application
1.4.3 Global Electric Cargo Bike Market, by Type
1.4.4 Global Electric Cargo Bike Market, by Geography
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. Global Electric Cargo Bike Market by Range
4.1 Global Less than 50 km Market by Region
4.2 Global More than 50 km Market by Region
Chapter 5. Global Electric Cargo Bike Market by Application
5.1 Global Personal Use Market by Region
5.2 Global Delivery & Courier Market by Region
5.3 Global Waste & Municipal Services Market by Region
5.4 Global Others Market by Region
Chapter 6. Global Electric Cargo Bike Market by Type
6.1 Global Front Loader Market by Region
6.2 Global Longtail Market by Region
Chapter 7. Global Electric Cargo Bike Market by Region
7.1 North America Electric Cargo Bike Market
7.1.1 North America Electric Cargo Bike Market by Range
7.1.1.1 North America Less than 50 km Market by Country
7.1.1.2 North America More than 50 km Market by Country
7.1.2 North America Electric Cargo Bike Market by Application
7.1.2.1 North America Personal Use Market by Country
7.1.2.2 North America Delivery & Courier Market by Country
7.1.2.3 North America Waste & Municipal Services Market by Country
7.1.2.4 North America Others Market by Country
7.1.3 North America Electric Cargo Bike Market by Type
7.1.3.1 North America Front Loader Market by Country
7.1.3.2 North America Longtail Market by Country
7.1.4 North America Electric Cargo Bike Market by Country
7.1.4.1 US Electric Cargo Bike Market
7.1.4.1.1 US Electric Cargo Bike Market by Range
7.1.4.1.2 US Electric Cargo Bike Market by Application
7.1.4.1.3 US Electric Cargo Bike Market by Type
7.1.4.2 Canada Electric Cargo Bike Market
7.1.4.2.1 Canada Electric Cargo Bike Market by Range
7.1.4.2.2 Canada Electric Cargo Bike Market by Application
7.1.4.2.3 Canada Electric Cargo Bike Market by Type
7.1.4.3 Mexico Electric Cargo Bike Market
7.1.4.3.1 Mexico Electric Cargo Bike Market by Range
7.1.4.3.2 Mexico Electric Cargo Bike Market by Application
7.1.4.3.3 Mexico Electric Cargo Bike Market by Type
7.1.4.3.4 Rest of North America Electric Cargo Bike Market
7.1.4.3.5 Rest of North America Electric Cargo Bike Market by Range
7.1.4.3.6 Rest of North America Electric Cargo Bike Market by Application
7.1.4.3.7 Rest of North America Electric Cargo Bike Market by Type
7.2 Europe Electric Cargo Bike Market
7.2.1 Europe Electric Cargo Bike Market by Range
7.2.1.1 Europe Less than 50 km Market by Country
7.2.1.2 Europe More than 50 km Market by Country
7.2.2 Europe Electric Cargo Bike Market by Application
7.2.2.1 Europe Personal Use Market by Country
7.2.2.2 Europe Delivery & Courier Market by Country
7.2.2.3 Europe Waste & Municipal Services Market by Country
7.2.2.4 Europe Others Market by Country
7.2.3 Europe Electric Cargo Bike Market by Type
7.2.3.1 Europe Front Loader Market by Country
7.2.3.2 Europe Longtail Market by Country
7.2.4 Europe Electric Cargo Bike Market by Country
7.2.4.1 Germany Electric Cargo Bike Market
7.2.4.1.1 Germany Electric Cargo Bike Market by Range
7.2.4.1.2 Germany Electric Cargo Bike Market by Application
7.2.4.1.3 Germany Electric Cargo Bike Market by Type
7.2.4.2 UK Electric Cargo Bike Market
7.2.4.2.1 UK Electric Cargo Bike Market by Range
7.2.4.2.2 UK Electric Cargo Bike Market by Application
7.2.4.2.3 UK Electric Cargo Bike Market by Type
7.2.4.3 France Electric Cargo Bike Market
7.2.4.3.1 France Electric Cargo Bike Market by Range
7.2.4.3.2 France Electric Cargo Bike Market by Application
7.2.4.3.3 France Electric Cargo Bike Market by Type
7.2.4.4 Russia Electric Cargo Bike Market
7.2.4.4.1 Russia Electric Cargo Bike Market by Range
7.2.4.4.2 Russia Electric Cargo Bike Market by Application
7.2.4.4.3 Russia Electric Cargo Bike Market by Type
7.2.4.5 Netherlands Electric Cargo Bike Market
7.2.4.5.1 Netherlands Electric Cargo Bike Market by Range
7.2.4.5.2 Netherlands Electric Cargo Bike Market by Application
7.2.4.5.3 Netherlands Electric Cargo Bike Market by Type
7.2.4.6 Norway Electric Cargo Bike Market
7.2.4.6.1 Norway Electric Cargo Bike Market by Range
7.2.4.6.2 Norway Electric Cargo Bike Market by Application
7.2.4.6.3 Norway Electric Cargo Bike Market by Type
7.2.4.7 Rest of Europe Electric Cargo Bike Market
7.2.4.7.1 Rest of Europe Electric Cargo Bike Market by Range
7.2.4.7.2 Rest of Europe Electric Cargo Bike Market by Application
7.2.4.7.3 Rest of Europe Electric Cargo Bike Market by Type
7.3 Asia Pacific Electric Cargo Bike Market
7.3.1 Asia Pacific Electric Cargo Bike Market by Range
7.3.1.1 Asia Pacific Less than 50 km Market by Country
7.3.1.2 Asia Pacific More than 50 km Market by Country
7.3.2 Asia Pacific Electric Cargo Bike Market by Application
7.3.2.1 Asia Pacific Personal Use Market by Country
7.3.2.2 Asia Pacific Delivery & Courier Market by Country
7.3.2.3 Asia Pacific Waste & Municipal Services Market by Country
7.3.2.4 Asia Pacific Others Market by Country
7.3.3 Asia Pacific Electric Cargo Bike Market by Type
7.3.3.1 Asia Pacific Front Loader Market by Country
7.3.3.2 Asia Pacific Longtail Market by Country
7.3.4 Asia Pacific Electric Cargo Bike Market by Country
7.3.4.1 China Electric Cargo Bike Market
7.3.4.1.1 China Electric Cargo Bike Market by Range
7.3.4.1.2 China Electric Cargo Bike Market by Application
7.3.4.1.3 China Electric Cargo Bike Market by Type
7.3.4.2 Japan Electric Cargo Bike Market
7.3.4.2.1 Japan Electric Cargo Bike Market by Range
7.3.4.2.2 Japan Electric Cargo Bike Market by Application
7.3.4.2.3 Japan Electric Cargo Bike Market by Type
7.3.4.3 India Electric Cargo Bike Market
7.3.4.3.1 India Electric Cargo Bike Market by Range
7.3.4.3.2 India Electric Cargo Bike Market by Application
7.3.4.3.3 India Electric Cargo Bike Market by Type
7.3.4.4 South Korea Electric Cargo Bike Market
7.3.4.4.1 South Korea Electric Cargo Bike Market by Range
7.3.4.4.2 South Korea Electric Cargo Bike Market by Application
7.3.4.4.3 South Korea Electric Cargo Bike Market by Type
7.3.4.5 Singapore Electric Cargo Bike Market
7.3.4.5.1 Singapore Electric Cargo Bike Market by Range
7.3.4.5.2 Singapore Electric Cargo Bike Market by Application
7.3.4.5.3 Singapore Electric Cargo Bike Market by Type
7.3.4.6 Australia Electric Cargo Bike Market
7.3.4.6.1 Australia Electric Cargo Bike Market by Range
7.3.4.6.2 Australia Electric Cargo Bike Market by Application
7.3.4.6.3 Australia Electric Cargo Bike Market by Type
7.3.4.7 Rest of Asia Pacific Electric Cargo Bike Market
7.3.4.7.1 Rest of Asia Pacific Electric Cargo Bike Market by Range
7.3.4.7.2 Rest of Asia Pacific Electric Cargo Bike Market by Application
7.3.4.7.3 Rest of Asia Pacific Electric Cargo Bike Market by Type
7.4 LAMEA Electric Cargo Bike Market
7.4.1 LAMEA Electric Cargo Bike Market by Range
7.4.1.1 LAMEA Less than 50 km Market by Country
7.4.1.2 LAMEA More than 50 km Market by Country
7.4.2 LAMEA Electric Cargo Bike Market by Application
7.4.2.1 LAMEA Personal Use Market by Country
7.4.2.2 LAMEA Delivery & Courier Market by Country
7.4.2.3 LAMEA Waste & Municipal Services Market by Country
7.4.2.4 LAMEA Others Market by Country
7.4.3 LAMEA Electric Cargo Bike Market by Type
7.4.3.1 LAMEA Front Loader Market by Country
7.4.3.2 LAMEA Longtail Market by Country
7.4.4 LAMEA Electric Cargo Bike Market by Country
7.4.4.1 Brazil Electric Cargo Bike Market
7.4.4.1.1 Brazil Electric Cargo Bike Market by Range
7.4.4.1.2 Brazil Electric Cargo Bike Market by Application
7.4.4.1.3 Brazil Electric Cargo Bike Market by Type
7.4.4.2 Argentina Electric Cargo Bike Market
7.4.4.2.1 Argentina Electric Cargo Bike Market by Range
7.4.4.2.2 Argentina Electric Cargo Bike Market by Application
7.4.4.2.3 Argentina Electric Cargo Bike Market by Type
7.4.4.3 UAE Electric Cargo Bike Market
7.4.4.3.1 UAE Electric Cargo Bike Market by Range
7.4.4.3.2 UAE Electric Cargo Bike Market by Application
7.4.4.3.3 UAE Electric Cargo Bike Market by Type
7.4.4.4 Saudi Arabia Electric Cargo Bike Market
7.4.4.4.1 Saudi Arabia Electric Cargo Bike Market by Range
7.4.4.4.2 Saudi Arabia Electric Cargo Bike Market by Application
7.4.4.4.3 Saudi Arabia Electric Cargo Bike Market by Type
7.4.4.5 South Africa Electric Cargo Bike Market
7.4.4.5.1 South Africa Electric Cargo Bike Market by Range
7.4.4.5.2 South Africa Electric Cargo Bike Market by Application
7.4.4.5.3 South Africa Electric Cargo Bike Market by Type
7.4.4.6 Nigeria Electric Cargo Bike Market
7.4.4.6.1 Nigeria Electric Cargo Bike Market by Range
7.4.4.6.2 Nigeria Electric Cargo Bike Market by Application
7.4.4.6.3 Nigeria Electric Cargo Bike Market by Type
7.4.4.7 Rest of LAMEA Electric Cargo Bike Market
7.4.4.7.1 Rest of LAMEA Electric Cargo Bike Market by Range
7.4.4.7.2 Rest of LAMEA Electric Cargo Bike Market by Application
7.4.4.7.3 Rest of LAMEA 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
Chapter 9. Winning Imperatives for Electric Cargo Bike Market

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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