Market Overview:
The global commercial cargo bike market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for last-mile delivery solutions, rising environmental concerns, and growing trend of urbanization. The electric cargo bike segment is expected to grow at a higher CAGR than the regular cargo bike segment during the forecast period.
Product Definition:
A commercial cargo bike is a sturdy, two-wheeled bicycle designed to carry heavy loads. They are popular in Europe and Asia for delivering goods to businesses and homes, and they are increasingly being used in the United States for urban deliveries. The importance of commercial cargo bikes is that they can help businesses reduce their reliance on cars and trucks, which can result in lower shipping costs and reduced emissions from traffic congestion.
Electric Cargo Bike:
Electric cargo bikes are motorized bicycles used to carry heavy loads. They have been gaining popularity in recent years owing to the increasing demand for sustainable transportation and rising awareness regarding environmental issues such as pollution, global warming, and climate change. The adoption of electric cargo bikes is driven by factors such as convenience, cost-effectiveness, environmental friendliness (zero emissions), increased productivity & efficiency in loading/unloading operations along with ease of mobility within a congested city environment.
Regular Cargo Bike:
Regular cargo bike is a bicycle with at least one rear wheel and two handlebars, used to carry heavy loads. The regular cargo bikes have been designed for the purpose of carrying goods and materials from one place to another without any changes or modifications. They are built in such a way that they can carry substantial weight load of up to 100 kgs with ease.
Application Insights:
The other application segment includes personal use and utility. The cargo & delivery segment dominated the global commercial cargo bike market in 2017, accounting for a share of over 60%. This is attributed to the increasing demand for efficient and cost-effective transportation solutions to transport goods from source to destination. Furthermore, growing emphasis on reducing carbon emissions has resulted in an increased preference for green modes of transport including electric bikes that carry freight.
The passenger segment is expected witness significant growth over the forecast period owing to rising disposable income among consumers globally coupled with an increase in spending on recreational activities including travel and tourism. Increasing urbanization along with rising awareness regarding health benefits associated with cycling are likely to propel demand among both individual as well as commercial users across various regions worldwide. Increasing investments by companies such as DHL, UPS, TNT etc.
Regional Analysis:
Europe dominated the global market in terms of revenue share in 2017. The European region is expected to continue leading over the forecast period owing to increasing popularity of cargo and electric bicycles as a mode of transportation for goods delivery, especially within countries. Increasing number of manufacturers, coupled with growing awareness about health benefits associated with these products, is also likely to contribute toward regional growth over the next eight years.
Asia Pacific region accounted for more than 25% share in 2017 owing to rising popularity among consumers regarding ease and convenience associated with these vehicles along with cost-effectiveness factor compared to other modes of transport such as cars and motorcycles.
Growth Factors:
- Increasing demand for last mile delivery: The commercial cargo bike market is expected to grow at a high rate owing to the increasing demand for last mile delivery. This is mainly because of the growing e-commerce industry.
- Rising popularity of green transportation: The commercial cargo bike market is expected to grow at a high rate owing to the rising popularity of green transportation. This is mainly because of the growing awareness about environmental pollution and its effects on human health.
- Growing number of urban population: The commercial cargo bike market is expected to grow at a high rate owing to the growing number of urban population, which leads to an increase in the need for last mile delivery services in cities and towns across the globe.
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Cargo Bike Market Research Report
By Type
Electric Cargo Bike, Regular Cargo Bike
By Application
Cargo & Delivery, Retail & Vendor, Passenger, Other
By Companies
Velosophy, Riese and Müller, Urban Arrow, Christiania Bikes, Winther Bikes, Rad Power Bikes, Xtracycle, Bakfiets.nl, Larry vs Harry, Tern, Pedego Electric Bikes, Yuba, Butchers & Bicycles, Gomier, DOUZE Cycles, Kocass Ebikes, Madsen Cycles, Jxcycle
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Cargo Bike Market Report Segments:
The global Commercial Cargo Bike market is segmented on the basis of:
Types
Electric Cargo Bike, Regular Cargo Bike
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cargo & Delivery, Retail & Vendor, Passenger, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Velosophy
- Riese and Müller
- Urban Arrow
- Christiania Bikes
- Winther Bikes
- Rad Power Bikes
- Xtracycle
- Bakfiets.nl
- Larry vs Harry
- Tern
- Pedego Electric Bikes
- Yuba
- Butchers & Bicycles
- Gomier
- DOUZE Cycles
- Kocass Ebikes
- Madsen Cycles
- Jxcycle
Highlights of The Commercial Cargo Bike Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electric Cargo Bike
- Regular Cargo Bike
- By Application:
- Cargo & Delivery
- Retail & Vendor
- Passenger
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Commercial Cargo Bike Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A commercial cargo bike is a pedal-powered vehicle that is designed to transport goods. They are typically heavier than regular bikes, which makes them better suited for carrying heavy loads. Commercial cargo bikes also have larger tires than regular bikes, which make them more stable when transporting large objects.
Some of the major companies in the commercial cargo bike market are Velosophy, Riese and M¼ller, Urban Arrow, Christiania Bikes, Winther Bikes, Rad Power Bikes, Xtracycle, Bakfiets.nl, Larry vs Harry, Tern, Pedego Electric Bikes, Yuba, Butchers & Bicycles, Gomier, DOUZE Cycles, Kocass Ebikes, Madsen Cycles, Jxcycle.
The commercial cargo bike market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Cargo Bike Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Commercial Cargo Bike Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Cargo Bike Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Commercial Cargo Bike Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Commercial Cargo Bike Market Size & Forecast, 2018-2028
4.5.1 Commercial Cargo Bike Market Size and Y-o-Y Growth
4.5.2 Commercial Cargo Bike Market Absolute $ Opportunity
Chapter 5 Global Commercial Cargo Bike Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Commercial Cargo Bike Market Size Forecast by Type
5.2.1 Electric Cargo Bike
5.2.2 Regular Cargo Bike
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Commercial Cargo Bike Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Commercial Cargo Bike Market Size Forecast by Applications
6.2.1 Cargo & Delivery
6.2.2 Retail & Vendor
6.2.3 Passenger
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Cargo Bike Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Commercial Cargo Bike Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Commercial Cargo Bike Analysis and Forecast
9.1 Introduction
9.2 North America Commercial Cargo Bike Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Commercial Cargo Bike Market Size Forecast by Type
9.6.1 Electric Cargo Bike
9.6.2 Regular Cargo Bike
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Commercial Cargo Bike Market Size Forecast by Applications
9.10.1 Cargo & Delivery
9.10.2 Retail & Vendor
9.10.3 Passenger
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Commercial Cargo Bike Analysis and Forecast
10.1 Introduction
10.2 Europe Commercial Cargo Bike Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Commercial Cargo Bike Market Size Forecast by Type
10.6.1 Electric Cargo Bike
10.6.2 Regular Cargo Bike
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Commercial Cargo Bike Market Size Forecast by Applications
10.10.1 Cargo & Delivery
10.10.2 Retail & Vendor
10.10.3 Passenger
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Commercial Cargo Bike Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Commercial Cargo Bike Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Commercial Cargo Bike Market Size Forecast by Type
11.6.1 Electric Cargo Bike
11.6.2 Regular Cargo Bike
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Commercial Cargo Bike Market Size Forecast by Applications
11.10.1 Cargo & Delivery
11.10.2 Retail & Vendor
11.10.3 Passenger
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Commercial Cargo Bike Analysis and Forecast
12.1 Introduction
12.2 Latin America Commercial Cargo Bike Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Commercial Cargo Bike Market Size Forecast by Type
12.6.1 Electric Cargo Bike
12.6.2 Regular Cargo Bike
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Commercial Cargo Bike Market Size Forecast by Applications
12.10.1 Cargo & Delivery
12.10.2 Retail & Vendor
12.10.3 Passenger
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Commercial Cargo Bike Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Commercial Cargo Bike Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Commercial Cargo Bike Market Size Forecast by Type
13.6.1 Electric Cargo Bike
13.6.2 Regular Cargo Bike
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Commercial Cargo Bike Market Size Forecast by Applications
13.10.1 Cargo & Delivery
13.10.2 Retail & Vendor
13.10.3 Passenger
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Commercial Cargo Bike Market: Competitive Dashboard
14.2 Global Commercial Cargo Bike Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Velosophy
14.3.2 Riese and Müller
14.3.3 Urban Arrow
14.3.4 Christiania Bikes
14.3.5 Winther Bikes
14.3.6 Rad Power Bikes
14.3.7 Xtracycle
14.3.8 Bakfiets.nl
14.3.9 Larry vs Harry
14.3.10 Tern
14.3.11 Pedego Electric Bikes
14.3.12 Yuba
14.3.13 Butchers & Bicycles
14.3.14 Gomier
14.3.15 DOUZE Cycles
14.3.16 Kocass Ebikes
14.3.17 Madsen Cycles
14.3.18 Jxcycle
