What is Family Cargo Bicycle?
A cargo bike is a human-powered vehicle that is intended and built to move cargo. A cargo area consisting of an open or covered box, a flat platform, or a wire basket is commonly installed over one or both wheels, low behind the front tire, or between parallel wheels at the front or rear of the vehicle in cargo bike designs. The frame and powertrain must be built to handle loads that are greater than those carried by a typical bicycle. Cargo bikes are great for families that ride their bikes to work, strive to limit their automobile use (or live car-free), and need to transport children. Unlike most child bike seats or trailers, cargo bikes can be used by both babies and large kids, allowing for a long-term return on investment.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Accell Group (Netherlands), Butchers & Bicycles ApS (Denmark), CERO Electric Cargo Bikes (United States), DOUZE Factory SAS (France), Dutch Cargo Bike (United Kingdom), G & O Family Cyclery (United States), Jinhua Jobo Technology Co., Ltd (China), Mobility Holdings (Germany), Smart Urban Mobility B.V. (Netherlands) and Worksman Cycles (United States) |
CAGR | % |
The market study is broken down by Type (Two-Wheeled, Three-Wheeled and Four-Wheeled), by Application (Groceries, Children and Family Pets) and major geographies with country level break-up.
The global family cargo bicycle market is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analysts at AMA Research estimates that Vendors from United States will contribute to the maximum growth of Global Family Cargo Bicycle market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Accell Group (Netherlands), Butchers & Bicycles ApS (Denmark), CERO Electric Cargo Bikes (United States), DOUZE Factory SAS (France), Dutch Cargo Bike (United Kingdom), G & O Family Cyclery (United States), Jinhua Jobo Technology Co., Ltd (China), Mobility Holdings (Germany), Smart Urban Mobility B.V. (Netherlands) and Worksman Cycles (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Xtracycle Inc (United States), XYZ CARGO (Germany) and Yuba Bicycles LLC (United States).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Family Cargo Bicycle market by Type, Application and Region.
On the basis of geography, the market of Family Cargo Bicycle has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Fuel Type, the sub-segment i.e. Electric Batteries (Lead-Based will boost the Family Cargo Bicycle market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In October 2021- Ditch the car launches the eco-friendly two-wheeled alternative to the typical family transport bicycle. Designed with practicality in mind, this classy cargo bike can carry a lot. Kids, pets, parcels, the weekly shop, the Stride has got the whole family covered. With a large load capacity and cargo area to transport the children, combined with all the efficiency of electrical assistance, can forget honking the horn when stuck in traffic instead, pedal the stress of rush hour away on the Stride.
Market Trend
- Governments Are Implementing Various Regulations Or Offering Subsidy For The Purchasing Of Electric Cargo Bikes
- Increase The Adoption Of Electric Cargo Bikes
Market Drivers
- The Rise In Disposable Income And Surge In Consumer Spending On The Bicycle
- Intends to increase the use of cargo bikes as a healthy, space-saving, environmentally friendly, and cost-effective form of transportation
Opportunities
- Increasing Focus Of Many Governments On Reducing Carbon Emission
- U.K. Government Is Planning To Improve The Air Quality And Targeting Towards Zero-Emission Through Vehicles
Restraints
- High Cost Of Cargo Bicycles
- Not suitable for irregular road conditions
Challenges
- Short Range Of Electrically Operated Cargo Bikes
Key Target Audience
Family cargo bicycle Manufacturers, Family cargo bicycle Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.