Growing Urbanization and Towering Traffic-Related Issues are Fueling Prodigious Demand Avenues in Cargo Bike Market: TMR

Growing Urbanization and Towering Traffic-Related Issues are Fueling Prodigious Demand Avenues in Cargo Bike Market: TMR

PR Newswire

ALBANY, N.Y., Jan. 4, 2021

- Cargo bikes are in high demand owing to their environmental-friendly and pocket-friendly nature; The global cargo bike market is estimated to show expansion at attractive CAGR of ~15% during the assessment period 2020–2030

- The North American and European cargo bike market is likely to show upward demand graph in the forthcoming years

ALBANY, N.Y., Jan. 4, 2021 /PRNewswire/ -- In recent few years, there is remarkable growth in the use of cargo bike from all across the globe, specifically in developed countries. This growth is attributed to considerable awareness about the economical and environmental advantages of these vehicles. Owing to this factor, vendors from the global cargo bike market are projected to gather promising sales opportunities from several developed regions of the world.

Transparency Market Research Logo

The researchers at Transparency Market Research (TMR) highlight that the global cargo bike market is likely to expand at CAGR of ~15% during the assessment period of 2020–2030. Thus, the market is expected to reach to the valuation of over US$ 6.3 Bn by 2030.

The government bodies of many countries across the globe are growing focus toward encouraging for the use of environmental-friendly transportation mode. This scenario is promoting cargo bike manufacturers to design electric models. Owing to this factor, the global cargo bike market is slated to experience promising pace of expansion during the forecast period of 2020 to 2030.

Download PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=80620

Cargo Bike Market: Major Takeaways

The companies working in the global cargo bike market are increasing investments in research activities. This move is helping enterprises in the development of technologically advanced products. For instance, many players are in the process of developing self-driving cargo bikes. These products are intended to be used for executing delivery operations without any human involvement. This scenario shows that the global cargo bike market will gain prodigious expansion opportunities in the year ahead.

The increased penetration of Internet all over the world has resulted into growing number of people shopping through online sales channels. As a result, there is considerable growth in the commercial deliveries worldwide. This factor is creating prominent sales opportunities in the global cargo bike market.

Explore 300 pages of superlative research, current market scenario, and extensive geographical projections. Gain insights into the Cargo Bike Market (Number of Wheels: Two Wheeled, Three Wheeled, and Four Wheeled; Application: Courier & Parcel Service Provider, Large Retail Supplier, Personal Transportation, Waste, Municipal Services, and Others; Propulsion: Electric Cargo Bike and Diesel/Gasoline Cargo Bike; and Ownership: Personal Use and Commercial/Fleet Use) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030 at https://www.transparencymarketresearch.com/cargo-bike-market.html

Cargo Bike Market: Growth Boosters

Analyze global cargo bike market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Cargo Bike Market: Well-Established Participants

The report profiles following important players operating in the cargo bike market:

Request the Covid-19 Impact Analysis at https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=80620

Explore Transparency Market Research's award-winning coverage of the Global Automotive & Transport Industry:

Folding Bikes Market – global folding bikes market is estimated to surpass a market valuation of US$ 213,200 Mn by 2026, expanding at a CAGR of 5.2% during the forecast period (2017-2026). Increasing focus on innovation continues to create new growth avenues in the bike manufacturing industry

Microcars Market – Growing environmental concerns, increasing fuel prices, and traffic congestion globally have laid emphasis on improving transportation facilities. Thus, vehicle manufacturers are focusing on the development of comfortable, affordable, and fuel-efficient small vehicles. This is likely to boost the microcars market during the forecast period.

About Transparency Market Research                      

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Mr Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com  
Website: http://www.transparencymarketresearch.com  
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/cargo-bike-market.htm 
Blog: https://tmrblog.com/

Logo: https://mma.prnewswire.com/media/1085206/Transparency_Market_Research_Logo.jpg

Voltar noticias em Inglês