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.
The global electric bikes market size is expected to grow from $37.73 billion in 2021 to $42.68 billion in 2022 at a compound annual growth rate (CAGR) of 13.1%.
The domestic and international cargo bikes have witnessed popularity over the past decade. However, electrically assisted cargo bikes dominate the cargo bike segment. Electric bikes cargo or box type bike has the cargo box positioned between the front-axle and rider, with a low-slung frame and a steering linkage. Electric bikes cargo uses pedal-assist electric motors with more than 45 miles of range to make it more accessible to riders.
The global electric cargo bike market is forecasted by Persistence Market Research (PMR) to grow at a CAGR of 11.9%, reaching a value of US$ 2.14 billion by 2032. In 2021, electric cargo bikes held a 66.2% share of the global cargo bike market. From 2017 to 2021, sales grew at a 6.7% CAGR, with significant contributions from developed countries like Germany, the U.K., France, and the U.S. The depletion of non-renewable petroleum supplies and rising fuel costs are driving the demand for electric cargo bikes, which are promoted by manufacturers and governments as fuel-efficient alternatives.
Major market players are implementing a variety of growth tactics including alliances, collaborations, and the construction of new manufacturing facilities to increase their business share globally. For instance, in August 2021, Giant Bicycles, a Taiwanese bicycle manufacturer, opened a new production facility in Vietnam with a $48 million investment to penetrate the market and generate more profit.
The e-bikes market is projected to expand at a sturdy pace through 2027 owing to rising government initiatives to promote the adoption of e-mobility in key regions globally
The global market for electric aircraft is estimated to be USD 7.9 billion in 2021 and is projected to reach USD 27.7 billion by 2030, at a CAGR of 14.8% during the forecast period.
Electric Aircraft Market is estimated to be USD 7.9 billion in 2021 and is projected to reach USD 27.7 billion by 2030, at a CAGR of 14.8% during the forecast period.
The global market for electric aircraft is estimated to be USD 7.9 billion in 2021 and is projected to reach USD 27.7 billion by 2030, at a CAGR of 14.8% during the forecast period.
The global market for electric aircraft is estimated to be USD 7.9 billion in 2021 and is projected to reach USD 27.7 billion by 2030, at a CAGR of 14.8% during the forecast period.
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The fitness and exercise application segment is expected to record lucrative expansion in the hybrid bicycles market from 2024 to 2032. The growth can be attributed to the ability of handling a variety of terrains offered by hybrid bikes. The presence of gear systems allows efficient pedaling, further promoting cardiovascular exercise and muscle engagement. Rising incorporation of rack mounts and fender mounts to enable users to attach accessories like cargo racks, panniers, and mudguard will also boost the product application outlook.
E-bikes are counted as an integral part of the global shift to greener transportation. As these bikes are smaller in size and have relatively low CO2 emissions during manufacturing than electric cars, the market revenue is expected to surge to an unprecedented valuation.
E-bikes are more affordable than fuel-based vehicles, do not mandate a license, can be used on existing bicycling infrastructure. Read more about E-Bike Market.
According to the latest research report by IMARC Group, The United States e-bike market size reached US$ 943.3 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2,338.0 Million by 2032, exhibiting a growth rate (CAGR) of 10.3% during 2024-2032. More Info:- https://www.imarcgroup.com/united-states-e-bike-market
According to the latest research report by IMARC Group, The China e-bike market size reached US$ 16.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 27.3 Billion by 2032, exhibiting a growth rate (CAGR) of 5.3% during 2024-2032. More Info:- https://www.imarcgroup.com/china-e-bike-market
According to the latest research report by IMARC Group, The Europe e-bike market size reached US$ 5,686.0 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 10,158.4 Million by 2032, exhibiting a growth rate (CAGR) of 6.5% during 2024-2032. More Info:- https://www.imarcgroup.com/europe-e-bike-market
According to the latest research report by IMARC Group, The Asia Pacific e-bike market size reached US$ 13.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.7% during 2023-2028. More Info:- https://www.imarcgroup.com/asia-pacific-e-bike-market
According to the latest research report by IMARC Group, The India E-bike market size reached US$ 1,178.0 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2,917.4 Million by 2032, exhibiting a growth rate (CAGR) of 10.6% during 2024-2032. More Info:- https://www.imarcgroup.com/india-e-bike-market
Looking forward, the e-bike market value is projected to reach a strong growth during the forecast period (2022-2027). More info:- https://www.imarcgroup.com/e-bike-market
According to the latest research report by IMARC Group, The global e-bike market size reached US$ 23.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 34.6 Billion by 2028, exhibiting a growth rate (CAGR) of 6.78% during 2023-2028. More Info:- https://www.imarcgroup.com/e-bike-market
Looking forward, the asia pacific e-bike market value is projected to reach a strong growth during the forecast period (2022-2027). More info:- https://www.imarcgroup.com/asia-pacific-e-bike-market
Global e-bike market is anticipated to grow with an estimated CAGR of 9.95%, and is likely to attain worth $48461.01 million by 2028. Get Free Sample Report.
Looking forward, the e-bike market value is projected to reach a strong growth during the forecast period (2021-2026). More info:- https://www.imarcgroup.com/e-bike-market
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Global e-bike market is anticipated to grow with an estimated CAGR of 9.95%, and is likely to attain worth $48461.01 million by 2028. Get Free Sample Report.
The Global E-Bike Market is anticipated to witness growth with an estimated CAGR of 10.12% during the forecasting period of 2022-2028. Get Free Sample Report.
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