Cargo Bike Market Report 2023 (Global Edition)

Global Cargo Bike Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Cargo Bike Industry growth. Cargo Bike market has been segmented with the help of its Product Type, Propulsion End Use, and others. Cargo Bike market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

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Cargo Bike Market, by Product Type

• Two Wheeled

Two Wheeled Revenue in Cargo Bikes market is estimated to reach USD 1,659.07 Million by 2028.

Two-wheeler cargo bikes are light in weight and agile. It is closely resemble the traditional two-wheeled bike but the difference is that cargo bikes have baskets to carry cargo and lower gears to help pull heavier loads. These bikes are ideal for riding in cities as well as for longer distances. Some two-wheeled cargo bikes set up basket at the rear of the back tire. Whereas some prefer to connect baskets in between the front and back tire. Two-wheeler bikes provide several benefits such as these bikes being easy to maneuver and closely mirror the mechanics of a normal bicycle.

• Three Wheeled

Three wheeled cargo bikes are stable and spacious. In addition to the main rear wheel, three-wheel cargo bikes include baskets with two wheels attached. Users have to rotate the entire basket to maneuver three-wheel bikes. It is popular among parents for transporting 2 or more children owing to the stability it offers to the rider. This form of bike also used to carry pets and it is ideal for carrying large freight loads. Three-wheeler bikes provide several benefits such as the bike is highly stable and tough to tip over. It is much easier to load gear onto this bike because it does not need to be balanced.

• Four Wheeled

Currently four wheeled cargo bikes are also in demand. It is generally designed for commercial use. Normally logistics and heavy freight businesses are using four wheeled cargo bikes for uses such as transportation of mail, large packages, building materials. This form of bike is extremely stable and provides significant stability. It is also having large load carrying capacity.

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Cargo Bike Market, Propulsion Segment Analysis

• Conventional

Conventional (Non-Electric) Revenue in Cargo Bikes market is estimated to reach USD 1,303.18 Million by 2028.

Conventional cargo bikes are used as mode of transportation that has been around for generations and has always managed to make important place in human life. These bikes are often human operated. The bike is constructed with two pedals on both sides of the bike. The rider pushes the pedals and ride the bike with force. Traditionally these bikes used to deliver mail, bread and milk amongst other things. However, currently these bikes also used for other purpose such as to carry children or pets.

• Electric

Electric cargo bikes are electrically operated cargo bikes that are designed for to carry heavier and bigger loads. Cargo e-bikes are used to transport huge and heavy loads, such as a box load of goods or children to school or the park. It is also ideal for weekly shopping as well as everyday duties around town and in the neighborhood. Electric cargo bicycles are available in two distinct designs. Front-loader bikes, commonly known as bakfiets or Long Johns, are bicycles with a cargo box placed between the rider and the front tire. The other configuration is a longtail, which extends the back end of the bicycle to accommodate extra bodies and gear.

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Cargo Bike market report 2023 Edition by contacting our team.

Cargo Bike End Use Segment Analysis

• Courier & Parcel Service Provider

Courier & Parcel Service Provider Revenue in Cargo Bikes market is anticipated to reach USD 1,534.30 Million by 2028.

Currently, cargo bikes in particular electric cargo bike have been widely used by courier & parcel service providers as it is a cost-effective option. Similarly, research found that cargo bikes have higher average speed and dropped off 10 parcels an hour, compared with six for vans. Cargo bikes get around traffic jams by cutting through streets that are blocked to through traffic and riding straight to the customer's door. With rising demand of online shopping and coronavirus pandemic the demand for cargo bikes by courier & parcel Service provider has been increasing.

• Large Retail Supplier

Cargo bikes are widely used for transportation of cargo, food and more. Hence, large retail supplier is often use cargo bikes for transportation of goods. With rising e commerce industry several retailers are finding the innovative ways to meet the demand of its clients and serve them in a best way. Cargo bikes can used by numerous retailers as it is flexible enough to deliver product to small pop-up street shops.

• Personal Transportation

Several users often use cargo bikes for personal transportation purpose. These cargo bikes are often used to transport a small family. Numerous parents often prefer to carry their children with the help of cargo bikes. Cargo bikes helps in the weekly or daily grocery shopping. Similarly, cargo bikes also prefer to carry pets

• Service Delivery

Nowadays cargo bikes are becoming trend for urban service delivery. During the coronavirus pandemic, the sales from grocery delivery and pickup around the world has been increasing. This generates the demand for cargo bikes for service deliveries. These cargo bikes allow users to carry food items, luggage and loads. The cargo bikes provide several benefits for service delivery services such as it can deliver fast through city traffic. Currently, numerous electric cargo bike is used for service delivery.

• Waste and Municipal Services

With the rising population, the municipalities are looking for the innovative ways to easier their duties. Cargo bikes is one of the vehicles that can be used as a substitute for motorized transport. It is used for transportation duties such as transferring documents between departments. It also used in parks, green spaces or for waste collection. In several countries cargo bikes is being utilized for garbage and waste collection.

• Others

Cargo bikes also used for advertising and tourism. Several cargo bikes can act as advertising medium for the company. The businesses can equip the business bike with box stickers with the logo or the name of someone’s own company.

• Courier & Parcel Service Provider
• Large Retail Supplier
• Personal Transportation
• Service Delivery
• Waste and Municipal Services
• Others

Cargo Bike Wheel Size Segment Analysis

• Below 20”

Below 20” Revenue in Cargo Bikes market is expected to reach USD 625.57 Million by 2028.

The cargo bikes with wheel size below 20" are generally regarded as mall wheels. These wheels use less energy to turn, they accelerate faster and require less effort to pedal at low speeds.

• 20”-24”

20"-24", wheel size in the cargo bikes provides easy maneuverability to the rider.

• 26”

26" wheels are most popular for cargo bikes. These cargo bikes are designed for riders who want to carry more load with them.

• 27.5”

These types of wheels are often found in mountain bikes which use a large volume tire that is approximately 27.5 inches.

• Others

Several other wheel size such as 30–40 in are available in the market. These wheels are provided on the cargo bikes that have long platform, basket, or box located low, in front of the handlebars.

• Below 20"
• 20"-24"
• 26"
• 27.5"
• Others

Cargo Bike Price Segment Analysis

• Below USD 1,500

Below US$ 1,500 Revenue in Cargo Bikes market is projected to reach USD 1,063.07 Million by 2028.

Currently numerous bikes are available in the price range of below US$ 1,500. Johnny Loco, Pashley Cycles, and Worksman Cycles manufacture utility bikes that ranges between $600 and $1,500 USD. These bikes are provided with most simple design.

• USD 1,500-3,500

These bikes have substantial carrying capacity with big wheels and an ultra-stiff handle post. This form of bikes is light enough to carry public transportation. For some people who want alternative to car can invest in these bikes.

• USD 3,501-6000

Wike, Pashley Cycles, Butchers & Bicycles, Johnny Loco, Bakfiets, Boxer Cycles, and Virtue make cargo trikes range in price from $3,500 to $5,000 USD. These bikes are most popular as it has long operational range. These bikes also provide high performance. Hence, several manufacturers are currently focuses on developing larger portfolio.

• Above USD 6,000

These cargo bikes are generally provided with best features. It is used for transportation of high load. Besides, currently several E-Cargo bikes are available in the price of above US$ 6,000. These bikes often embedded with technologies to ensure a dynamic and outstanding riding experience.

• Below USD 1
• 500
• USD 1
• 500-3
• 500
• USD 3
• 501-6000
• Above USD 6
• 000

Cargo Bike Market Regional Analysis

Region and country analysis section of Cargo Bike Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.

The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Cargo Bike market.

Region-wise, the market is analyzed across: (In case you wish to acquire a specific region or any country data then please contact us)

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of this market.

Cargo Bike Industry News:

Pedego

Pedego is a United state-based company which is involved in manufacturing of the electric bike. The company offers its products in categories which includes

• Cruiser
• Low-Step
• City
• Adventure
• Specialty

News

September 2021,

Pedego has launched the latest generation of Pedego batteries which has set the new standard for safety, range, power, user-friendliness, and serviceability.

Pashley Cycles

Pashley Cycles is engaged in the manufacturing of high quality of bicycles, tricycles in the market. The company offers several products in the portfolio, which includes bicycles, tricycles, carrier cycles, which involves several models of cargo bikes. The company is also deigning several types of accessories in the market. The company build several components used for development of bikes in the market.

News

December 2021, Pashley has introduced New Electric Hire Bike 

The company is engaged in the introduction of new electric hire bike. The bikes are available for hiring at docking station in West Midlands.

Top Companies Market Share in Cargo Bike Industry: (In no particular order of Rank)

• Jinhua Jobo Technology Co.Ltd.
• CERO ELECTRIC CARGO BIKES
• Worksman Cycles
• DOUZE Factory SAS
• XYZ CARGO
• Butchers & Bicycles ApS
• NIHOLA
• Babboe
• Yuba Electric Cargo Bikes
• BODO Vehicle Group Co. Ltd. (LUXMEA)
• Chongqing Mobimax Technology Co. Ltd.
• Carqon
• XCYC
• Riese & Müller GmbH
• Urban Arrow
• Rad Power Bikes Inc.
• Tern Bicycles
• Pedego Electric Bikes
• Xtracycle Inc.
• Amsterdam Bicycle Company
• Triobike
• Pashley Cycles
• Nijland Cycling
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