Electric Bike Cargo Market is Likely to Garner a Healthy CAGR by Forecast 2023

16/ott/2019 12:36:21 Automotive Market Research Reports Contatta l'autore

Electric bikes cargo is a lightweight aluminum frame integrated with features, such as dual disc brakes, fat tires for added comfort, and smart built-in app for GPS anti-theft system. The rear-mounted motors help keep the bike balanced and enable high performance of the rear wheel to avoid false starts. Moreover, the adjustable stems offer various number of riding positions for a comfortable journey under any load. The high-performance disc brakes offering high quality stopping power in rain, shine or extreme weather conditions lead to a rise in the adoption of electric bikes cargo. Furthermore, features such as effortless right power and noiseless-transmission and crank-drive are expected to drive the global market during the forecast period.

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Leading players profiled in the electric bikes cargo market:

  • Yuba Electric Cargo Bikes, and Cargocycles (US)
  • Dutch Cargo Bike (Netherlands)
  • Butchers & Bicycles ApS (Denmark)
  • G & O Family Cyclery (US)
  • Douze Factory SAS (France)
  • Kocass Technology Co., Ltd. (China)
  • Jinhua JOBO Technology Co., Ltd.(China)
  • Jiangsu Xinri E-Vehicle Co., Ltd.(China)
  • Worksman Cycles (US)
  • Cero Electric Cargo Bikes (US)

Market Highlights:

Global electric bikes cargo market has witnessed considerable growth in adoption rates over the past few years in countries, such as Denmark, Netherlands, Norway, and the US, owing to a shift in consumer travel preferences, rising traffic congestion, and growing awareness regarding a pollution-free environment.

Electric bikes cargoes in most developed nations are considered the most efficient alternative for ~20-25% of all the delivery vans and cars operating around cities. As per a report published in 2017 by Urban Transport Group, the UK’s network of city region transport authorities, van traffic in the UK over the past 20 years has registered ~71% growth while car traffic has registered a 13% growth, which is an opportunity for the participants in the industry.

Electric Bikes Cargo Market Market Segmentation

MRFR report offers a wide segmental analysis of the electric cargo bikes on the basis of product type, battery type and end-use.

Based on the product type, the cargo bikes market is segmented into four-wheeler, three-wheeler and two-wheeler. Of these, the three-wheeler segment will have the largest share in the market over the assessment period.

Based on battery type, the electric cargo bikes segmented into lead based, nickel-based and lithium-ion. Of these, lithium-ion will dominate the market over the assessment period.

Electric Bikes Cargo Market Regional Analysis

By region, the electric cargo bikes market covers growth opportunities and latest trends across the World, Asia Pacific, Europe and North America. Of these, Europe will dominate the market over the assessment period two to grow awareness about pollution reduction by using battery operated vehicles, alternatives for saving time and congested traffics. In addition, the growth in this region is also a driving force in the region. The electric cargo bikes market in the APAC region is predicted to have substantial growth over the assessment period two to rise in electrification in China and Japan.

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