Europe Electric Cargo Bike Market Introduction and Overview
According to SPER Market Research, the Europe Electric Cargo Bike Market is estimated to reach USD 38.48 billion by 2033 with a CAGR of 34.11%.
The report includes an in-depth analysis of the Europe E-cargo Bike Market, including market size and trends, product mix, applications, and supplier analysis. An electric cargo bike is a bike made specifically for hauling heavy loads or cargo. It has an electric motor installed to assist the rider's pedaling efforts. The electric cargo bike improves agility in urban environments and makes it easier to move heavy goods. When riding an electric bicycle, you can pedal for longer than when riding a regular bike, which allows you to cover more ground. Electric motor, battery, brakes, frame, fenders, transmission, and other parts are parts of an electric cargo bike. There are various kinds of electric cargo bikes, such as front loaders, rear loaders, and mid-drive loaders.
- October 2022; A French company called Douze Cycles had introduced a line of cargo bikes that include four versions, three of which have electric assistance. The bike series has an exceptional towing capacity of up to 205 kg.
- February 2021; The Yuba Kombi E5, the company’s most reasonably priced electric cargo bike, was introduced. The $3200 Shimano E5000 mid drive motor system powers the electric cargo bike, which is intended to appeal to more budget conscious cyclists.
Market Opportunities and Challenges
Opportunities- The tendency to shop online is growing, and prompt product delivery is becoming more and more necessary. This is one of the main reasons fueling the demand for electric cargo bikes worldwide, along with the e-commerce sector's rapid expansion. Furthermore, governments throughout the world are enacting laws to encourage the usage of electric cargo bikes and reduce carbon emissions in response to growing environmental concerns. Additionally, they are working on ways to make road networks better. This is encouraging the market's expansion, as is the rising cost of gasoline, the growing desire for high-performance, fuel-efficient cars, and growing knowledge of the financial and environmental advantages of owning these bikes.
Challenges- The adoption of electric cargo bikes is contingent upon the availability of charging infrastructure, notwithstanding its potential as a sustainable mode of transportation for urban areas. It could be difficult to build an extensive network of charging stations for these bikes, particularly in places with underdeveloped infrastructure. Furthermore, given the increasing popularity of electric cargo bikes, it could be necessary to enhance the current infrastructure for charging. Inadequate charging alternatives have the potential to impede market expansion by discouraging businesses and individuals from switching to electric cargo bikes.
Market Competitive Landscape
The Europe Electric Cargo Bike Market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are Accell Group N.V., Bakfiets.nl, Bullitt Group, Butchers & Bicycles, Douze Cycles, Rad Power Bikes, Riese & Müller, RYTLE GmbH, Urban Arrow, and Winther Bikes.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product Type, By Battery Type, By End-User
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| Regions covered | Northern, Central, Western, Eastern, Southern
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| Companies Covered | Accell Group N.V., Bakfiets.nl, Bullitt Group, Butchers & Bicycles, Douze Cycles, Rad Power Bikes, Riese & Müller, RYTLE GmbH, Urban Arrow, and Winther Bikes.
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COVID-19 Impact on Europe Electric Cargo Bike Market
The COVID-19 outbreak had a major effect on the European electric cargo bike business, spurring demand as consumers looked for greener, safer modes of transportation. With the rise in online shopping, lockdowns and social distancing measures created a need for e-cargo bikes, particularly for last-mile deliveries and urban logistics. Families and individuals also started using e-cargo bikes instead of congested public transportation for local errands and commuting.
Key Target Audience:
- Urban Commuters
- Families
- Small Businesses
- Delivery and Logistics Companies
- Eco-conscious Consumers
- Municipal and Government Services
- Retailers and Supermarkets
- Tourist and Leisure Services
- Educational Institutions
- Healthcare and Community Services
Our in-depth analysis of the Europe Electric Cargo Bike Market includes the following segments:
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By Product Type: |
Two-wheeler
Three-wheeler
Four-wheeler
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By Battery Type: |
Lithium-ion
Lead Based
Nickel Based
|
|
By End-Users: |
Courier and Parcel Service
Service Delivery
Personal Use
Large Retail Suppliers
Others
|
Key Topics Covered in the Report:
- Europe Electric Cargo Bike Market Size (FY’2024-FY’2033)
- Overview of Europe Electric Cargo Bike Market
- Segmentation of Europe Electric Cargo Bike Market by Product Type (Two-wheeler, Three-wheeler, Four-wheeler)
- Segmentation of Europe Electric Cargo Bike Market by Battery Type (Lithium-ion, Lead Based, Nickel Based)
- Segmentation of Europe E-cargo Bike Market by End-User (Courier and Parcel Service, Service Delivery, Personal Use, Large Retail Suppliers, Others)
- Statistical Snap of Europe Electric Cargo Bike Market
- Expansion Analysis of Europe E-cargo Bike Market
- Problems and Obstacles in Europe Electric Cargo Bike Market
- Competitive Landscape in the Europe E-cargo Bike Market
- Impact of COVID-19 and Demonetization on Europe Electric Cargo Bike Market
- Details on Current Investment in Europe Electric Cargo Bike Market
- Competitive Analysis of Europe E-cargo Bike Market
- Prominent Players in the Europe Electric Cargo Bike Market
- SWOT Analysis of Europe Electric Cargo Bike Market
- Europe E-cargo Bike Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1 Introduction
1.1 Scope of the report
1.2 Market segment analysis
2 Research Methodology
2.1 Research data source
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3 Executive Summary
4 Market Dynamics
4.1 Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 COVID-19 Impacts of the Europe Electric Cargo Bike Market.
5 Market variable and outlook
5.1 SWOT Analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2 PESTEL Analysis
5.2.1 Political Landscape
5.2.2 Economic Landscape
5.2.3 Social Landscape
5.2.4 Technological Landscape
5.2.5 Environmental Landscape
5.2.6 Legal Landscape
5.3 PORTER’s Five Forces
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4 Heat Map Analysis
6 Competitive Landscape
6.1 Europe Electric Cargo Bike Market Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Electric Cargo Bike Market
7 Europe Electric Cargo Bike Market, By Product Type (USD Million) 2020-2033
7.1 Europe Electric Cargo Bike Market Size, Share and Forecast, By Product Type, 2020-2026
7.2 Europe Electric Cargo Bike Market Size, Share and Forecast, By Product Type, 2027-2033
7.3 Two-wheeler
7.4 Three-wheeler
7.5 Four-wheeler
8 Europe Electric Cargo Bike Market, By Battery Type (USD Million) 2020-2033
8.1 Europe Electric Cargo Bike Market Size, Share and Forecast, By Battery Type, 2020-2026
8.2 Europe Electric Cargo Bike Market Size, Share and Forecast, By Battery Type, 2027-2033
8.3 Lithium-ion
8.4 Lead Based
8.5 Nickel Based
9 Europe Electric Cargo Bike Market, By End-Users (USD Million) 2020-2033
9.1 Europe Electric Cargo Bike Market Size, Share and Forecast, By End-Users, 2020-2026
9.2 Europe Electric Cargo Bike Market Size, Share and Forecast, By End-Users, 2027-2033
9.3 Courier and Parcel Service
9.4 Service Delivery
9.5 Personal Use
9.6 Large Retail Suppliers
9.7 Others
10 Europe Electric Cargo Bike Market Forecast, 2020-2033 (USD Million)
10.1 Europe Electric Cargo Bike Market Size and Market Share
11 Europe Electric Cargo Bike Market, By Region, 2020-2033 (USD Million)
11.1 Europe Electric Cargo Bike Market Size and Market Share By Region (2020-2026)
11.2 Europe Electric Cargo Bike Market Size and Market Share By Region (2027-2033)
11.3 Central Europe
11.4 Eastern Europe
11.5 Northern Europe
11.6 Western Europe
12 Company Profile
12.1 ACCELL GROUP N.V.
12.1.1 Company details
12.1.2 Financial outlook
12.1.3 Product summary
12.1.4 Recent developments
12.2 BAKFIETS.NL
12.2.1 Company details
12.2.2 Financial outlook
12.2.3 Product summary
12.2.4 Recent developments
12.3 BULLITT GROUP
12.3.1 Company details
12.3.2 Financial outlook
12.3.3 Product summary
12.3.4 Recent developments
12.4 BUTCHERS AND BICYCLES
12.4.1 Company details
12.4.2 Financial outlook
12.4.3 Product summary
12.4.4 Recent developments
12.5 DOUZE CYCLES
12.5.1 Company details
12.5.2 Financial outlook
12.5.3 Product summary
12.5.4 Recent developments
12.6 RAD POWER BIKES
12.6.1 Company details
12.6.2 Financial outlook
12.6.3 Product summary
12.6.4 Recent developments
12.7 RIESE AND MÃœLLER
12.7.1 Company details
12.7.2 Financial outlook
12.7.3 Product summary
12.7.4 Recent developments
12.8 RYTLE GMBH
12.8.1 Company details
12.8.2 Financial outlook
12.8.3 Product summary
12.8.4 Recent developments
12.9 WINTHER BIKES
12.9.1 Company details
12.9.2 Financial outlook
12.9.3 Product summary
12.9.4 Recent developments
12.10 Others
13 Conclusion
14 List of Abbreviations
15 Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
