Introduction

Global Electric Cargo Bikes Market Overview

The advent of cargo bikes which run on electricity proves to be an innovative and disruptive technology in the logistics and transportation business, especially impacting the urban delivery scenario in a positive manner. Electronic cargo bikes have the capacity to carry several customer orders at once, and offer a greener alternative to traditional delivery vehicles, producing zero emissions and no noise pollution.

The global electric cargo bikes market was worth USD XX billion in 2018 and is forecasted to reach USD XX billion by 2026, growing at a CAGR of XX% during the forecast period (2019-2026).

 

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Global Electric Cargo Bikes Market– Market Dynamics

Lower running costs, reduction in delivery times, and lower environmental impact are the some of the significant advantages of using electric cargo bikes rather than other mediums to transport goods. The shifting consumer preference for electric cargo bikes in developed countries is also expected to present new opportunities of market growth and product expansion to significant companies.

The companies recognize the trend as means to generate additional revenue andare thus focused on introducing new electric cargo bikes which will provide a sustainable growth for the product demand during the forecast period. For instance, in 2018, Volkswagen (VW) announced the launch of a e-cargobike as part of its solution for sustainable goods transport in urban regions. It can carry a load of up to 210 kgs (driver included), and is able to handle cargo volumes of up to a half cubic meter.

However, the biggest challenge for electric cargo bike is the lack of adapted infrastructure, safe cycle lanes, secure parking and easy to find repair shops.

Global Electric Cargo Bikes Market– Segmentation Analysis

The global electric cargo bikes market is segmented by end use such as courier and parcel service providers, large retail suppliers, personal transportation, and others. Courier and parcel service providers dominate the market owing to the growing package deliveries from online retail sector and shift in consumer preference for electric cargo bikes.

According to figures of the German parcel and express logistics association (BIEK), the volume of parcel, courier and express shipments has grown by 74% during 2000–2016. This trend is unbroken, and it is assumed that as early as 2025, 15% of the overall retail turnover will be generated online, compared to 8.5% in 2014. Particular growth was observed in recent years in the share of ‘heavy’ online shoppers. The reduction in retail storage space and the growing number of just-in-time deliveries have also lead to a rise in electric cargo bikes distribution operations in city centers.

Further, in Berlin and Munich, Amazon has started using cargo bikes for deliveries, and in Hamburg and Berlin, Ikea customers can have their purchases delivered via cargo bicycle or rent cargo bicycles for their use.

The online retail stores and companies are thus focused on business expansion in key geographical regions to expand their business reach. For instance, in October 2018, UPS expanded its electric cargo bicycles for deliveries in Seattle.

Global Electric Cargo Bikes Market– Geographical Analysis

Geographically, the global electric cargo bikes market is segmented into North America, South America, Europe, Asia Pacific, and Middle East & Africa. Europe dominates the market in terms of sales unit.

Europe is the leading region by overall market share, with financial incentives, exhaustive choices in upgraded models, and creation of separate bike lanes during peak traffic hours contributing to the growth in sales volume of electric cargo bikes. Currently, Germany is Europe’s largest market for cargo bikes in terms of volume. The sales of electrically assisted cargo bike alone surged to 21,000 in 2017, which is 42% more compared to 2016. According to the European Cyclclogists project, a staggering 174 model of cargo bikes are now available, while some fifty brands vied for attention at Berlin. Furthermore, online-based retail company Amazon has started using cargo bikes for deliveries while shopping giant UPS has been running battery powered freight bikes in German cities since 2012.

Global Electric Cargo Bikes Market– Competitive Analysis

Global electric cargo bikes market is fragmented with the presence of many local and international players. The versatility in product features and opportunities of market growth through new product launches is poised to intensify competitiveness among companies. Xtracycle Inc., Yuba Electric Cargo Bikes, Babboe, DOUZE Factory SAS, Riese & Müller GmbH, Urban Arrow, and BENNO BIKES LLC. are some of the prominent players in the global electric cargo bikes market. Yuba Electric Cargo Bike is one of the major company in electric cargo bikes and is enhancing the market through product launch. For instance, in August 2018, Yuna bikes launched a new electric cargo bike. Further, on September 2018, Wildsyde launched the all-new eCruiser electric bike featuring retro styling and the look of an old motorcycle, designed and tested with adventure and practicality at its core.

Key Takeaways

• Courier & Parcel service is the largest segment owing to the growing online retail sector.

• Europe is the leading region by geography in terms of overall market share, with financial incentives, exhaustive choices in upgraded models, and creation of separate bike lanes during peak traffic hours contributing to the growth in sales volume of electric cargo bikes.

• The companies are focused on new product launch to maintain their competitive edge over other market players. For instance, in January 2018, Seattle-based Rad Power Bikes introduced its newest electric bike model, the RadBurro electric cargo trike purpose-built and specifically designed to meet the requirements of the commercial delivery market for transporting goods in congested urban landscapes.

Why purchase the report?

• Visualize the composition of the global electric cargo bikes market products across each indication, in terms of product type and end-use highlighting the critical commercial assets and players.

• Identify commercial opportunities in electric cargo bikes products market by analyzing trends and co-development deals.

• Excel data sheet with thousands of data points of the electric cargo bikes products levels 4/5 segmentation.

• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

• Product mapping in excel for the essential electric cargo bikes of all major market players.

Target Audience

• Equipment Suppliers/ Buyers

• Service Providers/ Buyers

• Industry Investors/Investment Bankers

• Education & Research Institutes

• Research Professionals

• Emerging Companies

• Manufacturers

 

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Table of Contents

1. Global Electric Cargo Bikes Market Methodology and Scope

    1.1 Research Methodology

    1.2 Research Objective and Scope of the Report

SECTION 2

2. Global Electric Cargo Bikes Market– Market Definition and Overview

SECTION 3

3. Global Electric Cargo Bikes Market– Executive Summary

    3.1 Market Snippet by Product Type

    3.2 Market Snippet by End-Use

    3.3 Market Snippet by Region

SECTION 4

4. Global Electric Cargo Bikes Market– Market Dynamics

    4.1 Drivers

    4.2 Restraints

    4.3 Opportunity

    4.4 Impact Analysis

……………

10. Company Profiles

    10.1 Cero One

    10.2 PEDEGO INC

    10.3 Radwagon

    10.4 Xtracycle Inc.

    10.5 Yuba Electric Cargo Bikes.

    10.6 Babboe

    10.7 DOUZE Factory SAS

    10.8 Riese & Müller GmbH

    10.9 Urban Arrow

    10.10 BENNO BIKES LLC.

SECTION 11

11. Global Electric Cargo Bikes Market– Premium Insights

SECTION 12

12. Global Electric Cargo Bikes Market– DataM

    12.1 Appendix

    12.2 About Us and Services

    12.3 Contact Us

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