Home > Automotive > Mobility > Electric Vehicles > E-Cargo Bike Market

E-Cargo Bike Market Share

Report ID: GMI8498
Published Date: Mar 2024
Report Format: PDF

Download Free Sample

E-Cargo Bike Market Share

Trek Bicycles and Accell Group hold a significant market share of over 16% in the e-cargo bike industry. These companies are bolstering their market presence through substantial investments in R&D, aiming to meet the changing demands of businesses and consumers with innovative designs.

This includes advanced features like extended battery life, increased load capacity, and heightened safety measures. Furthermore, strategic alliances with logistics firms and e-commerce platforms are helping them expand their reach for ensuring widespread availability and visibility to potential buyers while solidifying their market position.

E-Cargo Bike Market Companies

Major companies operating in the e-cargo bike industry are:

Accell Group
Butchers & Bicycles
Douze Cycles
Hero Lectro
Rad Power Bikes, LLC
Tern
Trek Bicycles
WorkCycles
XYZ Cargo
Yuba Bicycles

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of e-cargo bike reached USD 3.3 billion in 2023 and is set to witness 3% CAGR from 2024-2032, owing to the combination of increasing urban population and the demand for efficient last-mile delivery solutions worldwide.

The Li-ion segment was over USD 2 billion revenue in 2023, due to its superior performance and efficiency, offering high energy density, enabling longer riding ranges and quicker recharging times.

Asia Pacific market held over 60% of the revenue share in 2023, attributed to rapid urbanization and strong focus on sustainable transportation solutions in the region.

Accell Group, Butchers & Bicycles, Douze Cycles, Hero Lectro, Rad Power Bikes, LLC, Tern, Trek Bicycles, WorkCycles, XYZ Cargo, and Yuba Bicycles, are some of the major e-cargo bike companies worldwide.