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Electric Cargo Bikes Market Set for Continued Growth to 2026 | By key vendors - JIANGSU XINRI E-VEHICLE CO., LTD., Jinhua JOBO Technology Co., Ltd., CERO ELECTRIC CARGO BIKES, KOCASS TECHNOLOGY CO.

Electric Cargo Bikes Market Set for Continued Growth to 2026 |

Europe and North America, with Germany in the dominant position, are expected to dominate the demand for electric cargo bikes market throughout the forecast period. These regions will be followed by Rest of World and Latin America in electric cargo bikes market. Noteworthy increase in sales in countries, such as Brazil, Russia, India, Mexico and Turkey, is expected over the forecast period. North America will show positive growth during the latter half of the forecast period. The region is projected to hold ~21% market value share in 2018 and is estimated to expand at a CAGR of 12.7% between 2018 and 2026. The sales revenue of Europe will reach US$ 765.7 Mn by the end of 2026 while growing at a CAGR of 14.2%.

Some of the key market participants reported in this study of the global electric cargo bikes market include JIANGSU XINRI E-VEHICLE CO., LTD., Jinhua JOBO Technology Co., Ltd., CERO ELECTRIC CARGO BIKES, Worksman Cycles, DOUZE Factory SAS, XYZ CARGO, Butchers & Bicycles ApS, Dutch Cargo Bike, KOCASS TECHNOLOGY CO., LTD, G & O Family Cyclery, Yuba Electric Cargo Bikes and CARGOCYCLES, among others.

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The global electric cargo bikes market was valued at US$ 243.6 Mn in 2013 and is anticipated to be valued at US$ 402.7 Mn by 2018 end. The market is expected to grow at a prominent CAGR of 13.3% between 2018 and 2026 and is estimated to reach a global value of US$ 1,095.2 Mn by 2026 end. Furthermore, the global electric cargo bikes market is estimated to create incremental $ opportunity of US$ 692.5 Mn over the forecast period.

High purchasing power on the consumers’ end has boosted the growth of conventional and high-end electric cargo bikes on road. Governments of a number of countries have taken initiatives to bring down pollution levels by imposing rules on usage of conventional bikes, related taxes and some other regulations. The regulating authorities are also taking advantage of these hybrid & electric cargo bikes by offering attractive subsidies and incentives to the owners.

Conventional gasoline-powered bikes & bicycles run on the power generated by the consumption of fuel inside the internal combustion engine. This energy presents itself in the form of heat and sound. The presence of a large number of mechanical parts connected with the engine further amplifies the noise generated from the vehicle. Hence, a conventional vehicle travelling at 100 kilometers per hour generates an external noise level of around 65 to 70 decibels.

This noise level is further higher in off-road scooters, commercial vehicles and two wheelers. In electric cargo bikes, the power needed to run the vehicle is generated by a battery and supportive electric motor. This brings down the noise level of electric cargo bikes to merely 35 to 40 decibels. The noise level of a pure electric cargo bike is so low that the loudest noise produced by the vehicle is the sound of friction generated between the tire and road. Thus, the use of electric power to generate motion in electric cargo bikes is a great boon for the automotive industry as the sound produced is much less compared to the conventional bikes in the global market.

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The market insights gathered during course of research suggest that the electric cargo bikes market is estimated to grow with double digit growth between 2018 and 2026. This growth is especially supported by the increasing attractiveness of electric cargo bikes in Europe and North America regions.

By product type, the three wheeled electric cargo bikes segment is projected to play an important role in the global as well as the regional markets. Three wheeled and two wheeled electric cargo bikes segments occupy almost 92% of the market value share in the global market. Increasing use of electric cargo bikes in recreational activities is another factor estimated to augment the growth of the global market.

At present, the batteries used in the electric cargo bikes must be lightweight and give longer output. All of these characteristics are found in Lithium Ion batteries and hence, this battery segment is estimated to hold more than three-fourth of the market value share in the global electric cargo bikes market.

The report projects that the courier & parcel service provider segment, by end use, is estimated to create incremental $ opportunity of US$ 331.9 Mn between 2018 and 2026 in the global market.

Table of Content

1. Summary

1.1. Market Overview
1.2. Market Analysis
1.3. PMR Analysis and Recommendations
1.4. Wheel of Fortune

2. Market Introduction

2.1. Market Taxonomy
2.2. Market Definition

3. Market Background

3.1. Porter’s Analysis
3.2. Macro-Economic Factors
3.2.1. Urbanization Outlook
3.2.2. GDP Per Capita
3.2.3. Global GDP & Economy Outlook
3.2.4. Global Industry Value Added Outlook
3.3. Road Condition
3.4. Potential for Electric Cargo Bikes
3.5. What Participants are saying?
3.6. Forecast Factors – Relevance & Impact
3.7. Value Chain
3.8. Product Life Cycle
3.9. Market Dynamics
3.9.1. Driver
3.9.2. Restraint
3.9.3. Opportunity
3.9.4. Trend

4. Market Forecast

4.1. Market Volume Projections
4.2. Global Pricing Analysis
4.3. Market Size Projections
4.3.1. Y-o-Y Projections
4.3.2. Absolute $ Opportunity Analysis

5. Global Electric Cargo Bikes Market Analysis 2013–2017 and Forecast 2018–2026, By Product Type

5.1. Introduction
5.2. Historical Market Size (US$ Mn) and Volume Analysis By Product Type (2013-2017)
5.3. Market Size (US$ Mn) and Volume Forecast By Product Type (2018-2026)
5.3.1. Two Wheeled
5.3.2. Three Wheeled
5.3.3. Four Wheeled
5.4. Market Attractiveness Analysis By Product Type
5.5. Section Summery

6. Global Electric Cargo Bikes Market Analysis 2013–2017 and Forecast 2018–2026, By Battery Type

6.1. Introduction
6.2. Historical Market Size (US$ Mn) and Volume Analysis By Battery Type (2013-2017)
6.3. Market Size (US$ Mn) and Volume Forecast By Battery Type (2018-2026)
6.3.1. Lead Based
6.3.2. Nickel Based
6.3.3. Lithium Ion
6.4. Market Attractiveness Analysis By Battery Type
6.5. Section Summery

Continued…….

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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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