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.
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.
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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:
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