With investments in urban transportation and e-Mobility skyrocketing, the electric cargo bikes market is bound to scale new heights in the forecast period.
Electric Cargo Bikes Market Segregation
The global electric cargo bikes market, by type of product, says two-wheeled, three-wheeled, and four-wheeled. By battery type, it’s Lithium-Ion, Nickel-based, and Lead-based. By end-use, it’s courier & parcel service providers, large retail suppliers, personal transportation, service delivery, and waste, municipal services. Out of these, two-wheeled dominate the market and the scenario is expected to continue even going forward. Persistence Market Research has sketched these facts with the probable courses of strategies in its market study entitled “Electric Cargo Bikes Market”.
By Geography
North America holds the largest market share due to the US adopting new technologies with immediate effect. Europe stands second on the similar grounds. The Asia-Pacific is expected to pick up pace in the electric cargo bikes market in the upcoming period with market witnessing a paradigm shift in terms of consumption of electric vehicles. Persistence Market Research has mentioned these details with the call to immediate action in its market study entitled “Electric Cargo Bikes market”.
How are the Competitors?
Persistence market Research has profiled the key players of electric cargo bikes market as Jiangsu Xinri E-Vehicle Co. Ltd., 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), Choongqing Mobimax Technology Co., Ltd., Carqon (Accell Group N.V.), XCYC (Gemeinnutzige Werkstatten and Wohnstatten GmbH), Riese & Muller GmbH, Urban Arrow, Rad Power Bikes Inc., Tern Bicycles (Mobility Holdings, Ltd.),, Pedego Electric Bikes, Xtracycle Inc., Amsterdam Bicycle Company, and Triobike.
Persistence Market Research has also mentioned that Nexzu, in May 2021, did launch its new-fangled Roadlark range pertaining to electric cargo cycles for Indian users. The bike claims to reach speed up to 25 Kmph and 50 Kg carrying capacity. It has also mentioned that Citrogen, around the same time, brought forth its novel Ami electric quadricycle weighing less than 425 Kgs aimed towards end-users in the market for Europe. It gets powered by 5.5 kWh Li-ion battery pack for power supply. The third development stated by Persistence Market Research was that of Smartron announcing reveal of tbike flex. It’s an electric bike along with cargo delivery platform directed towards the last mile delivery operations with AIoT platform of the company.
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With growing inclination towards electric vehicles, the electric cargo bikes market is there to come out stronger in the upcoming period – Persistence Market Research
