Market Scope and Report Overview

According to a deep-dive market assessment by RationalStat, the global cargo bike market has been analyzed on the basis of market segments, including product type, propulsion, price , wheel size, end use , and geography/regions (incl. North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific) . The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of2019-2028.

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Macroeconomic Scenario and the Impact of COVID-19 on Regional Economic Sentiment

In the latest RationalStat analysis, geopolitical conflicts and inflation are the cited economic risks, while concerns about the volatility across energy sectors prevail in Europe and other parts of the world. Some of the potential risks to the economic growth in the leading regions, including Asia Pacific, Europe, North America, the Middle East & Africa, and other developing regions, are inflation, volatile energy prices, supply chain disruptions, geopolitical instability, labor shortages, rising interest rates, and COVID-19 pandemic.

The global economy experienced heavy headwinds, throughout 2019-2021, as some countries witnessed subdued growth, while other countries continued to grapple with economic slowdowns. The COVID-19 pandemic has levied undue pressure across the majority of industries globally and has caused a major economic crisis in the US, India, Italy, the UK, Germany, India, Japan, South Korea, the UK, and many others. Besides, the exit of the UK from the European Union earlier in 2020 and the Russo-Ukraine war in 2022 exacerbated the ever-heightened global uncertainty.

In addition to this, the global economic growth slowed in 2022 to 3.3%, weaker than expected at the end of 2021, mainly weighed down by Russia’s war in Ukraine and the associated cost-of-living crisis in many countries. However, improvement in economic activities during the forecast period is expected. Growth is projected to remain at lower rates in 2023 and 2024, at 2.6% and 2.9% respectively.

Competition Analysis and Market Structure

Some of the prominent players that contribute significantly to the cargo bike market growth include Riese & Müller GmbH, Urban Arrow, Larry vs Harry ApS, Xtracycle LLC, Cero Electric Cargo Bikes, Yuba Bicycles, Tern Bicycles, Bakfiets.nl, Douze Factory SAS, Butchers & Bicycles ApS and among others.

RationalStat has segmented the global cargo bike market based on product type, propulsion, price, wheel size, end use, and region

·         Global Cargo Bike Market Value (US$ Million), Volume (‘000 units/tons), and Market Share (2019-2028) Analysis by Product Type

o   Two Wheeled

o   Three wheeled

o   Four wheeled

·          Global Cargo Bike Market Value (US$ Million), Volume (‘000 units/tons), and Market Share (2019-2028) Analysis by Propulsion

o   Conventional

o   Electric

·         Global Cargo Bike Market Value (US$ Million), Volume (‘000 units/tons), and Market Share (2019-2028) Analysis by Price

o   Below US$ 1,500

o   US$ 1,500 – 3,500

o   US$ 3,501 – 6000

o   Above US$ 6000

·         Global Cargo Bike Market Value (US$ Million), Volume (‘000 units/tons), and Market Share (2019-2028) Analysis by Wheel Size

o   Below 20"

o   20" – 24"

o   26"

o   27.5"

o   Others

·         Global Cargo Bike Market Value (US$ Million), Volume (‘000 units/tons), and Market Share (2019-2028) Analysis by End Use

o   Courier & Parcel Service Provider

o   Large Retail Supplier

o   Personal Transportation

o   Service Delivery

o   Waste, Municipal Services

·         Global Cargo Bike Market Value (US$ Million), Volume (‘000 units/tons), and Market Share (2019-2028) Analysis by Region

o   North America Cargo Bike Market

§  US

§  Canada

o   Latin America Cargo Bike Market

§  Brazil

§  Mexico

§  Rest of Latin America

o   Western Europe Cargo Bike Market

§  Germany

§  UK

§  France

§  Spain

§  Italy

§  Benelux

§  Nordic

§  Rest of Western Europe

o   Eastern Europe Cargo Bike Market

§  Russia

§  Poland

§  Hungary

§  Other CIS Countries

§  Rest of Eastern Europe

o   Asia Pacific Cargo Bike Market

§  China

§  Japan

§  India

§  South Korea

§  Australia

§  ASEAN

·         Indonesia

·         Thailand

·         Philippines

·         Vietnam

·         Malaysia

·         Rest of ASEAN

§  Rest of Asia Pacific

o   Middle East & Africa Cargo Bike Market

§  GCC

·         Saudi Arabia (KSA)

·         United Arab Emirates (UAE)

·         Rest of the GCC