Electric Cargo Bike Market - Future Scenario, Key Insights, Top Companies 2031

With increasing investments in the expansion of transport infrastructure to meet the growing need of the global population, the electric cargo bikes market is anticipated to surge at an impressive pace. According to Future Market Insights (FMI), the global electric cargo bike market is projected to expand exponentially at CAGR of around 11% over the forecast period 2021-2031. Key Takeaway from Market Study Lithium-ion batteries are expected to hold more than 84% of the market owing to their high charging efficiency, charge density, and low-weight compared to lead and nickel-based alternatives Two-wheeled electric cargo bikes are anticipated to remain one of the fastest growing segments exhibiting a CAGR of 12.2% Germany is expected to account for a dominant share of 39% in Europe backed by the presence of some of the key manufacturing facilities and government incentives. The U.S. will hold the lead in North America, accounting for over 90% of the regional industry owing to developments in transport infrastructure. Brazil is likely to generate lucrative opportunities, reflecting a CAGR of over 8% through the end of 2031.