Prepared for John B. | Delivered October 1, 2019
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To understand the global and US market size, projected growth, and major players in the cargo bike market to help a fundraising pitch.
The cargo bikes market was valued at
in 2018 and is expected to reach
A study from the Persistence Market Research saw
94,988 global unit sales
of electric cargo bikes in 2018.
The cargo bikes market is projected to grow at a
from 2018 to 2026.
E-cargo bikes are seen to be a great alternative to about
20% of delivery vans
operating in some large cities.
Cargo bikes are also being used by
families cycling with kids
. Of the
three types of cargo bikes
, and front-load trike
is very popular in the Netherlands as well as in the other European countries, but not yet commonly seen in the US.
combines a van’s load capacity and the agility of an e-bike. It can hold from
250 to 750 liters
of a load.
is a “bulit-for-business etrike”. It has a
500w geared electric motor
, safety lights, and pneumatic tilt among other features.
has developed a
machine-to machine communication
wherein couriers can work with smart glasses and provide information about the location and status of a certain package. The technology used by Rytle helps in using this information to track a shipment online.