Global Electric Cargo Bikes Market Size & Outlook
The electric cargo bikes industry worldwide is expected to reach a projected revenue of US$ 4,928,437.7 million by 2030. A compound annual growth rate of 22.4% is expected of the worldwide electric cargo bikes industry from 2024 to 2030.
Revenue, 2023 (US$M)
$1,196,780.0
Forecast, 2030 (US$M)
$4,928,437.7
CAGR, 2024 - 2030
22.4%
Report Coverage
Worldwide
Global electric cargo bikes market, 2018-2030 (US$M)
Global electric cargo bikes market highlights
- The global electric cargo bikes market generated a revenue of USD 1,196,780.0 million in 2023 and is expected to reach USD 4,928,437.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 22.4% by 2030.
- In terms of segment, two-wheeled accounted for a revenue of USD 1,196,780.0 million in 2023.
- Two-Wheeled is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 1,196,780.0 million |
| Market revenue in 2030 | USD 4,928,437.7 million |
| Growth rate | 22.4% (CAGR from 2023 to 2030) |
| Largest segment | Two-wheeled |
| Fastest growing segment | Two-Wheeled |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Two-Wheeled |
Other key industry trends
- In terms of revenue, the North America accounted for 23.9% of the global electric cargo bikes market in 2023.
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Electric Cargo Bikes Market Scope
Electric cargo bikes market segmentation & scope
Application
Personal
Commercial
Countries
U.S.
Canada
Mexico
UK
Germany
France
China
Japan
India
South Korea
Australia
Brazil
Saudi Arabia
UAE
South Africa
Electric Cargo Bikes Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global electric cargo bikes market size, by regions, 2018-2030 (US$M)
Related regional statistics
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