Global Electric Cargo Bikes Market Size & Outlook, 2024-2030
The global electric cargo bikes market size was estimated at USD 1,196,780.0 million in 2023 and is projected to reach USD 4,928,437.7 million by 2030, growing at a CAGR of 22.8% from 2024 to 2030.
Revenue, 2023 (US$M)
$1,196,780.0
Forecast, 2030 (US$M)
$4,928,437.7
CAGR, 2024 - 2030
22.8%
Report Coverage
Worldwide
Global electric cargo bikes market, 2018-2030 (US$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 Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| JAF Transportes | View profile | 51-100 | Uberlândia, Minas Gerais, Brazil, South America | http://jaftransportes.com.br |
| Urban Arrow | View profile | 101-250 | Amsterdam, Noord-Holland, The Netherlands, Europe | https://www.urbanarrow.com/ |
| Douze Cycles | View profile | 11-50 | Besançon, Franche-Comte, France, Europe | https://www.douze-cycles.com |
| CERO Electric Cargo Bikes | View profile | 1-10 | Los Angeles, California, United States, North America | https://cero.bike/ |
| Butchers & Bicycles | View profile | 1-10 | Copenhagen, Hovedstaden, Denmark, Europe | http://www.butchersandbicycles.com/ |
| Riese & Müller | View profile | 501-1000 | Mühltal, Rheinland-Pfalz, Germany, Europe | https://www.r-m.de |
| Yuba Bicycles | View profile | 11-50 | Lake Forest, California, United States, North America | https://yubabikes.com |
| FlyKly | View profile | 1-10 | New York, New York, United States, North America | http://www.flykly.com |
| Rad Power Bikes | View profile | 501-1000 | Seattle, Washington, United States, North America | http://www.radpowerbikes.com |
| Cervelo Cycles | View profile | 51-100 | Toronto, Ontario, Canada, North America | http://www.cervelo.com/en/ |
| Baxter International Inc | View profile | 60000 | One Baxter Parkway, Deerfield, IL, United States, 60015 | https://www.baxter.com |
Global electric cargo bikes market size, by regions, 2018-2030 (US$M)
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