In a recent research report by Maximize Market Research, the Cargo Bike Market is expected to surpass US $ 17411.7 million by the year 2027, from US $ 900 million in 2020.
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 11.7 %, during the tenure of 2021 – 2027.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of Cargo Bike in the region, the Value – Chain analysis, and the PORTER’s analysis for the Cargo Bike Market at a global level.
The study is consolidated based on two major segments and further into sub-segments, By Product Type (Two Wheeled, Three Wheeled, Four Wheeled), By Propulsion (Conventional, Electric), By Wheel Size (Below 20″, 20″-24″, 26″, 27.5″, Others), By End Use (Courier & Parcel Service Provider, Large Retail Supplier, Personal Transportation, Service Delivery, Waste, Municipal Services) to forecast the market size by value; also, application includes the analysis of past market dynamics from 2016 to 2020, considering 2020 as the base year.
By Propulsion Type, the most prevalent mode of transportation is electric cargo bikes, which are expected to account for over 73 percent of the market by 2027. The usage of electric cargo bikes is common in courier and parcel delivery services. Because of their large load carrying capacity, electric cargo bikes find use in warehouse operations for inventory transfer, which helps to drive sales and adoption.
Lastly, the market research report provides a regional comparison and a complete country-level analysis for the latest trends, along with the major key players (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), Chongqing Mobimax Technology Co., Ltd., Carqon (Accell Group N.V.), XCYC (Gemeinnützige Werkstätten und Wohnstätten GmbH), Riese & Müller GmbH, Urban Arrow, Rad Power Bikes Inc., Tern Bicycles (Mobility Holdings, Ltd.), Pedego Electric Bikes, Xtracycle Inc., Amsterdam Bicycle Company) in the Cargo Bike Market across the region.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on the “Global Cargo Bike Market.”
https://www.maximizemarketresearch.com/market-report/global-cargo-bike-market/120943/
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