Market Size of europe e-cargo bike Industry
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 1.05 Billion |
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Market Size (2029) | USD 1.60 Billion |
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Largest Share by Propulsion Type | Pedal Assisted |
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CAGR (2024 - 2029) | 8.80 % |
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Largest Share by Country | Germany |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Europe Electric Cargo Bikes Market Analysis
The Europe E-cargo bike Market size is estimated at 1.05 billion USD in 2024, and is expected to reach 1.60 billion USD by 2029, growing at a CAGR of 8.80% during the forecast period (2024-2029).
1.05 Billion
Market Size in 2024 (USD)
1.60 Billion
Market Size in 2029 (USD)
21.69 %
CAGR (2017-2023)
8.80 %
CAGR (2024-2029)
Largest Segment by Propulsion Type
72.14 %
value share, Pedal Assisted, 2023
Logistics firms are opting for a sustainable delivery option, such as e-bikes, as carrying heavy loads is easier on pedal-assisted, making pedal assisted the largest segment.
Fastest Segment by Propulsion Type
8.87 %
Projected CAGR, Pedal Assisted, 2024-2029
Speed pedelecs e-bikes are the fastest growing among all e-bike categories owing to their advantages like faster durability and the ability to commute long distances faster than their counterparts.
Largest Segment by Battery Type
76.40 %
value share, Lithium-ion Battery, 2023
Lithium batteries are the largest-used batteries due to their long range, quick charging times, longevity, great power in compact sizes, and lightweight properties.
Largest Country
45.43 %
value share, Germany, 2023
Germany has been witnessing a positive growth over recent years owing to rising delivery traffic and consumers’ interest in traditional means of transport to meet their daily needs.
Leading Market Player
6.28 %
market share, Accell Group N.V., 2022
Accell Group NV has a wide customer reach and operates through many sub-brands. Its broad product portfolio has made the company and its brands the largest across Europe.
- The European market for e-cargo bikes has steadily grown in recent years. This trend is projected to continue as more towns invest in infrastructure to promote sustainable mobility options. The European Cyclists' Federation (ECF) reported that the European market for e-bikes rose by 23% in 2019.
- The demand for delivery services across European cities increased during the pandemic due to increased online shopping amid lockdowns and trade restrictions, thus boosting cargo vehicle use. E-cargo bikes are safer and do not emit greenhouse gas emissions. Many businesses use them for various applications instead of vans and other delivery vehicles. For instance, in the Netherlands, DHL makes 60% of inner-city deliveries by cargo bikes. Transport for Quality of Life estimated that e-cargo bikes could replace up to 8% of urban van trips by mileage.
- Due to increasing technological advancements, pedelec producers are focusing on producing pedelecs that can connect with riders' cell phones and provide real-time information on the speed and battery level. The majority of e-cargo bike sales are still accounted for by pedal-assisted models. However, there is a growing demand for throttle-assisted e-cargo bikes, particularly among business owners such as delivery companies and couriers. Throttle-assisted e-cargo bikes are a more convenient and efficient alternative to traditional delivery vehicles, especially in urban areas where traffic and parking may be a concern.
- Over the past decade, the problem of daytime traffic congestion has grown in Europe due to an increase in delivery vehicles used by large companies that require supplies and an increase in online shopping. Thus, due to the problem of congestion, restaurants and retail chains are turning toward e-bikes and e-cargo bikes for their operations, mainly due to their increased average speed.
- Some key e-bike manufacturers operating in the country are focusing on developing innovative solutions and attractive models to widen their customer base. For instance, in 2020, CityQ developed a weather-protected e-bike, purpose-built for families and light cargo, with a built-in IT platform for managing the bike remotely. DB Schenker Norway premiered its Armadillo e-cargo bike for semi-trailer deliveries in the Bergen city center. More Armadillos are anticipated to be launched across the bigger Norwegian cities.
- Tax incentives and government policies further drive the demand for e-cargo bikes. In February 2021, the German Federal Ministry for the Environment, Nature Conservation, and Nuclear Safety (BMU) announced its plans to start a funding program, providing grants of up to 25% of the purchase costs or a maximum of EUR 2,500 for cargo bikes or trailers.
Europe E-cargo bike Industry Segmentation Europe Electric Cargo Bikes Industry Segmentation
Pedal Assisted, Speed Pedelec, Throttle Assisted are covered as segments by Propulsion Type. Lead Acid Battery, Lithium-ion Battery, Others are covered as segments by Battery Type. Austria, Belgium, France, Germany, Italy, Luxembourg, Netherlands, Poland, Spain, Switzerland, UK, Rest-of-Europe are covered as segments by Country.
- The European market for e-cargo bikes has steadily grown in recent years. This trend is projected to continue as more towns invest in infrastructure to promote sustainable mobility options. The European Cyclists' Federation (ECF) reported that the European market for e-bikes rose by 23% in 2019.
- The demand for delivery services across European cities increased during the pandemic due to increased online shopping amid lockdowns and trade restrictions, thus boosting cargo vehicle use. E-cargo bikes are safer and do not emit greenhouse gas emissions. Many businesses use them for various applications instead of vans and other delivery vehicles. For instance, in the Netherlands, DHL makes 60% of inner-city deliveries by cargo bikes. Transport for Quality of Life estimated that e-cargo bikes could replace up to 8% of urban van trips by mileage.
- Due to increasing technological advancements, pedelec producers are focusing on producing pedelecs that can connect with riders' cell phones and provide real-time information on the speed and battery level. The majority of e-cargo bike sales are still accounted for by pedal-assisted models. However, there is a growing demand for throttle-assisted e-cargo bikes, particularly among business owners such as delivery companies and couriers. Throttle-assisted e-cargo bikes are a more convenient and efficient alternative to traditional delivery vehicles, especially in urban areas where traffic and parking may be a concern.
| Propulsion Type | |
| Pedal Assisted | |
| Speed Pedelec | |
| Throttle Assisted |
| Battery Type | |
| Lead Acid Battery | |
| Lithium-ion Battery | |
| Others |
| Country | |
| Austria | |
| Belgium | |
| France | |
| Germany | |
| Italy | |
| Luxembourg | |
| Netherlands | |
| Poland | |
| Spain | |
| Switzerland | |
| UK | |
| Rest-of-Europe |
Europe E-cargo bike Market Size Summary
The European electric cargo bike market is experiencing a robust expansion, driven by a growing emphasis on sustainable transportation solutions and the increasing demand for efficient delivery services. As urban areas invest in infrastructure to support eco-friendly mobility, e-cargo bikes are becoming a preferred alternative to traditional delivery vehicles like vans, particularly in congested city environments. This shift is further fueled by technological advancements in pedelec systems, which enhance user experience through features like smartphone connectivity for real-time updates. The market is characterized by a diverse range of offerings, including pedal-assisted and throttle-assisted models, catering to various business needs, from logistics to urban deliveries. The adoption of e-cargo bikes is also supported by favorable government policies and incentives, which encourage businesses to transition towards greener transportation options.
The market landscape is fragmented, with several key players such as Accell Group N.V., Bakfiets.nl, Rad Power Bikes, Riese & Müller, and RYTLE GmbH leading the charge. These companies are actively developing innovative models to capture a broader customer base, with recent launches featuring enhanced cargo capacities and electric assistance. The increasing popularity of e-bikes across Europe, spurred by rising fuel costs and the need for efficient urban mobility solutions, is contributing to the market's growth. The COVID-19 pandemic has further accelerated this trend, as consumers and businesses alike seek safer, more sustainable transportation methods. As a result, the European e-cargo bike market is poised for significant growth, with expectations of continued expansion in the coming years.
Europe E-cargo bike Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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1.1 Propulsion Type
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1.1.1 Pedal Assisted
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1.1.2 Speed Pedelec
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1.1.3 Throttle Assisted
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1.2 Battery Type
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1.2.1 Lead Acid Battery
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1.2.2 Lithium-ion Battery
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1.2.3 Others
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1.3 Country
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1.3.1 Austria
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1.3.2 Belgium
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1.3.3 France
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1.3.4 Germany
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1.3.5 Italy
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1.3.6 Luxembourg
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1.3.7 Netherlands
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1.3.8 Poland
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1.3.9 Spain
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1.3.10 Switzerland
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1.3.11 UK
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1.3.12 Rest-of-Europe
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Europe E-cargo bike Market Size FAQs
How big is the Europe E-cargo bike Market?
The Europe E-cargo bike Market size is expected to reach USD 1.05 billion in 2024 and grow at a CAGR of 8.80% to reach USD 1.60 billion by 2029.
What is the current Europe E-cargo bike Market size?
In 2024, the Europe E-cargo bike Market size is expected to reach USD 1.05 billion.
