SHERIDAN, WYOMING, USA, Sept. 13, 2022 /EINPresswire.com/ — Electric Cargo Bike is a battery-operated transport bike. It allows the rider to carry heavy objects that are difficult to carry by human power. It works and is powered by portable batteries such as lithium-ion and nickel-based batteries. It is very versatile and offers a smooth ride as it is lightweight. It can serve as an efficient means of transportation to transport parcels, goods, food, etc. The demand for these vehicles is accelerating as they are environmentally friendly and have low running cost. According to IMARC Group, the global electric cargo bike market is expected to grow at a CAGR of 12.17% during the period 2022-2027.
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The global market is mainly driven by increasing investments in electric mobility and urban transport. With this in mind, the growing need for transport infrastructure in e-commerce for delivery purposes presents many opportunities for market players. Several new features from several companies are likely to attract more e-commerce, logistics and supply chain companies, which is a driving factor for the demand and sales of electric cargo bikes. In addition, various manufacturers are focusing heavily on developing high-performance, low-maintenance, high-load capacity electric cargo bikes. The leading electric cargo bike companies are involved in the production of economical and lightweight vehicles to improve the overall performance parameters. Favorable government initiatives to promote clean transportation provide lucrative opportunities for electric cargo bike sellers. Additionally, shifting focus on improving air quality, decarbonizing transportation, and reclaiming public space is expected to catalyze market expansion.
Some of the best electric cargo bike companies in the world 2022 are:
Accell Group SA
Amsterdam Bicycle Company
Butchers & Bicycles Ltd.
Derby Cycle AG (Pon Holdings BV)
Mahindra & Mahindra Limited
Rad Power Bikes Inc.
Riese & Müller GmbH
Xtracycle cargo bikes
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Market Performance (2016-2021)
Market Outlook (2022-2027)
Impact of COVID-19 on the market
Porter’s Five Forces Analysis
Historical, current and future market trends
Market drivers and success factors
Value chain analysis
Complete mapping of the competitive landscape
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