The Cargo Bicycles Global Market Report 2023, provides comprehensive information on the cargo bicycles market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global cargo bicycles market size is expected to grow from $2.51 billion in 2022 to $3.11 billion in 2023 at a compound annual growth rate (CAGR) of 24%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global cargo bicycles market size is expected to reach $7.30 billion in 2027 at a CAGR of 23.8%.
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Product innovation is a key trend gaining popularity in the cargo bicycles market. Major companies operating in the market are focused on research and development for product innovations to sustain their position in the market. For instance, in December 2022, ONOMOTION GmbH, a Germany-based e-mobility company, launched the ONO e-cargo bike, a hybrid of an e-bike and a car for urban mobility. The ONO positions itself as a cross between an electric bike and an automobile, allowing for both speedier and more space-saving transportation and capable of replacing sprinters, delivery trucks, and vans for last-mile delivery and pioneering the emission-free transport of goods within cities. Additionally, ONO’s unique design of the driver’s cab provides more space and weather protection than conventional cargo bikes, meeting the needs of fleet managers and drivers.
The cargo bicycles market is segmented:
1) By Type: Electric, Non-electric
2) By Wheel Size: Below 20″, 20″-24″, 25″-28″, Above 28″
3) By Application: Personal, Commercial, Other Applications
Europe was the largest region in the cargo bicycles market in 2022.
The table of contents in TBRC’s cargo bicycles market report includes:
- Executive Summary
- Cargo Bicycles Market Characteristics
- Cargo Bicycles Market Trends And Strategies
- Cargo Bicycles Market – Macro Economic Scenario
- Cargo Bicycles Market Size And Growth
…..
- Africa Cargo Bicycles Market
- Cargo Bicycles Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Cargo Bicycles Market
- Cargo Bicycles Market Future Outlook and Potential Analysis
- Appendix
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