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2026-03-31 12:42:15 -

Electric Cargo Bike Market to Surpass USD 9.8 Billion by 2032 at 12.1% CAGR Amid 65% Surge in Urban Logistics Adoption

The global Electric Cargo Bike market was valued at USD 3.5 billion in 2023 and is projected to reach USD 9.8 billion by 2032, growing at a CAGR of 12.1% during 2024–2032. The market recorded a 14.6% year-over-year growth between 2022 and 2023, driven by a 65% increase in urban delivery services and e-commerce adoption of eco-friendly last-mile logistics solutions. Market Overview...

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