PUBLISHER: KBV Research | PRODUCT CODE: 1493728
PUBLISHER: KBV Research | PRODUCT CODE: 1493728
LAMEA Electric Cargo Bike Market Size, Share & Trends Analysis Report By Range, By Application (Personal Use, Delivery & Courier, Waste & Municipal Services, and Others), By Type (Front Loader and Longtail), By Country and Growth Forecast, 2024 - 2031
The Latin America, Middle East and Africa Electric Cargo Bike Market would witness market growth of 14.1% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Electric Cargo Bike Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $116 million by 2031. The Argentina market is registering a CAGR of 15.3% during (2024 - 2031). Additionally, The UAE market would capture a CAGR of 13.5% during (2024 - 2031).
Electric cargo bikes are increasingly recognized for their cost-effectiveness compared to traditional delivery vehicles. One key factor contributing to their lower overall costs is their reduced maintenance requirements. Unlike traditional vehicles that rely on complex internal combustion engines, electric cargo bikes have fewer moving parts and simpler mechanical systems, resulting in lower maintenance costs over their lifespan. This makes them an attractive option for businesses looking to minimize operating expenses.
Another significant cost-saving aspect of electric cargo bikes is their lack of fuel expenses. In regions with high fuel prices, the frequent refuelling requirements of conventional delivery vehicles (e.g., vans and trucks) can be a significant operational expense. As an alternative, electric cargo bikes are propelled by rechargeable batteries that are electrically charged; this makes them a significantly more economical and reliable fuel source. This makes electric cargo bikes a cost-effective alternative for businesses seeking to reduce fuel expenses and overall operating costs.
Due to sustainability initiatives, urban congestion, and the expansion of e-commerce, countries such as the United Arab Emirates (UAE) are observing the electric cargo bike market expand in the Middle East. The e-commerce sector in the United Arab Emirates (UAE), which comprises 10% of total retail sales and increased by 53% in 2020 to a record $3.9 billion, is the largest in the Gulf Cooperation Council (GCC), according to the International Trade Administration.
In the first quarter of 2023, the e-commerce sector in the Kingdom of Saudi Arabia experienced an unprecedented annual growth rate of more than 32 percent. Furthermore, the expansion of the Middle Eastern market is being bolstered by governmental endeavours aimed at promoting sustainable transportation and electric vehicles. Therefore, owing to all the aforementioned factors, the demand for electric cargo bikes is expected to increase in the LAMEA region, providing an opportunity for further market development.
Based on Range, the market is segmented into Less than 50 km and More than 50 km. Based on Application, the market is segmented into Personal Use, Delivery & Courier, Waste & Municipal Services, and Others. Based on Type, the market is segmented into Front Loader and Longtail. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- Yuba Bikes
- Mobility Holdings, Limited (Tern)
- Amsterdam Bicycle Company BV
- Avant Enterprises, Inc. (Aventon)
- Priority Outdoor Products, LLC
- Riese & Muller GmbH
- Bunch Bikes, Inc.
- Pon Holdings B.V. (Houdstermaatschappij Wilg B.V.)
- Rad Power Bikes Inc.
- RYTLE Mobility GmbH
LAMEA Electric Cargo Bike Market Report Segmentation
By Range
- Less than 50 km
- More than 50 km
By Application
- Personal Use
- Delivery & Courier
- Waste & Municipal Services
- Others
By Type
- Front Loader
- Longtail
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 LAMEA Electric Cargo Bike Market, by Range
- 1.4.2 LAMEA Electric Cargo Bike Market, by Application
- 1.4.3 LAMEA Electric Cargo Bike Market, by Type
- 1.4.4 LAMEA Electric Cargo Bike Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
Chapter 4. LAMEA Electric Cargo Bike Market by Range
- 4.1 LAMEA Less than 50 km Market by Country
- 4.2 LAMEA More than 50 km Market by Country
Chapter 5. LAMEA Electric Cargo Bike Market by Application
- 5.1 LAMEA Personal Use Market by Country
- 5.2 LAMEA Delivery & Courier Market by Country
- 5.3 LAMEA Waste & Municipal Services Market by Country
- 5.4 LAMEA Others Market by Country
Chapter 6. LAMEA Electric Cargo Bike Market by Type
- 6.1 LAMEA Front Loader Market by Country
- 6.2 LAMEA Longtail Market by Country
Chapter 7. LAMEA Electric Cargo Bike Market by Country
- 7.1 Brazil Electric Cargo Bike Market
- 7.1.1 Brazil Electric Cargo Bike Market by Range
- 7.1.2 Brazil Electric Cargo Bike Market by Application
- 7.1.3 Brazil Electric Cargo Bike Market by Type
- 7.2 Argentina Electric Cargo Bike Market
- 7.2.1 Argentina Electric Cargo Bike Market by Range
- 7.2.2 Argentina Electric Cargo Bike Market by Application
- 7.2.3 Argentina Electric Cargo Bike Market by Type
- 7.3 UAE Electric Cargo Bike Market
- 7.3.1 UAE Electric Cargo Bike Market by Range
- 7.3.2 UAE Electric Cargo Bike Market by Application
- 7.3.3 UAE Electric Cargo Bike Market by Type
- 7.4 Saudi Arabia Electric Cargo Bike Market
- 7.4.1 Saudi Arabia Electric Cargo Bike Market by Range
- 7.4.2 Saudi Arabia Electric Cargo Bike Market by Application
- 7.4.3 Saudi Arabia Electric Cargo Bike Market by Type
- 7.5 South Africa Electric Cargo Bike Market
- 7.5.1 South Africa Electric Cargo Bike Market by Range
- 7.5.2 South Africa Electric Cargo Bike Market by Application
- 7.5.3 South Africa Electric Cargo Bike Market by Type
- 7.6 Nigeria Electric Cargo Bike Market
- 7.6.1 Nigeria Electric Cargo Bike Market by Range
- 7.6.2 Nigeria Electric Cargo Bike Market by Application
- 7.6.3 Nigeria Electric Cargo Bike Market by Type
- 7.7 Rest of LAMEA Electric Cargo Bike Market
- 7.7.1 Rest of LAMEA Electric Cargo Bike Market by Range
- 7.7.2 Rest of LAMEA Electric Cargo Bike Market by Application
- 7.7.3 Rest of LAMEA Electric Cargo Bike Market by Type
Chapter 8. Company Profiles
- 8.1 Yuba Bikes
- 8.1.1 Company Overview
- 8.1.2 Recent strategies and developments:
- 8.1.2.1 Product Launches and Product Expansions:
- 8.2 Mobility Holdings, Limited (Tern)
- 8.2.1 Company Overview
- 8.2.2 Recent strategies and developments:
- 8.2.2.1 Partnerships, Collaborations, and Agreements:
- 8.2.2.2 Product Launches and Product Expansions:
- 8.3 Avant Enterprises, Inc. (Aventon)
- 8.3.1 Company Overview
- 8.4 Priority Outdoor Products, LLC
- 8.4.1 Company Overview
- 8.5 Riese & Muller GmbH
- 8.5.1 Company Overview
- 8.6 Bunch Bikes, Inc.
- 8.6.1 Company Overview
- 8.7 Pon Holdings B.V. (Houdstermaatschappij Wilg B.V.)
- 8.7.1 Company Overview
- 8.8 Rad Power Bikes Inc.
- 8.8.1 Company Overview
- 8.9 RYTLE Mobility GmbH
- 8.9.1 Company Overview
LIST OF TABLES
- TABLE 1 LAMEA Electric Cargo Bike Market, 2020 - 2023, USD Million
- TABLE 2 LAMEA Electric Cargo Bike Market, 2024 - 2031, USD Million
- TABLE 3 LAMEA Electric Cargo Bike Market by Range, 2020 - 2023, USD Million
- TABLE 4 LAMEA Electric Cargo Bike Market by Range, 2024 - 2031, USD Million
- TABLE 5 LAMEA Less than 50 km Market by Country, 2020 - 2023, USD Million
- TABLE 6 LAMEA Less than 50 km Market by Country, 2024 - 2031, USD Million
- TABLE 7 LAMEA More than 50 km Market by Country, 2020 - 2023, USD Million
- TABLE 8 LAMEA More than 50 km Market by Country, 2024 - 2031, USD Million
- TABLE 9 LAMEA Electric Cargo Bike Market by Application, 2020 - 2023, USD Million
- TABLE 10 LAMEA Electric Cargo Bike Market by Application, 2024 - 2031, USD Million
- TABLE 11 LAMEA Personal Use Market by Country, 2020 - 2023, USD Million
- TABLE 12 LAMEA Personal Use Market by Country, 2024 - 2031, USD Million
- TABLE 13 LAMEA Delivery & Courier Market by Country, 2020 - 2023, USD Million
- TABLE 14 LAMEA Delivery & Courier Market by Country, 2024 - 2031, USD Million
- TABLE 15 LAMEA Waste & Municipal Services Market by Country, 2020 - 2023, USD Million
- TABLE 16 LAMEA Waste & Municipal Services Market by Country, 2024 - 2031, USD Million
- TABLE 17 LAMEA Others Market by Country, 2020 - 2023, USD Million
- TABLE 18 LAMEA Others Market by Country, 2024 - 2031, USD Million
- TABLE 19 LAMEA Electric Cargo Bike Market by Type, 2020 - 2023, USD Million
- TABLE 20 LAMEA Electric Cargo Bike Market by Type, 2024 - 2031, USD Million
- TABLE 21 LAMEA Front Loader Market by Country, 2020 - 2023, USD Million
- TABLE 22 LAMEA Front Loader Market by Country, 2024 - 2031, USD Million
- TABLE 23 LAMEA Longtail Market by Country, 2020 - 2023, USD Million
- TABLE 24 LAMEA Longtail Market by Country, 2024 - 2031, USD Million
- TABLE 25 LAMEA Electric Cargo Bike Market by Country, 2020 - 2023, USD Million
- TABLE 26 LAMEA Electric Cargo Bike Market by Country, 2024 - 2031, USD Million
- TABLE 27 Brazil Electric Cargo Bike Market, 2020 - 2023, USD Million
- TABLE 28 Brazil Electric Cargo Bike Market, 2024 - 2031, USD Million
- TABLE 29 Brazil Electric Cargo Bike Market by Range, 2020 - 2023, USD Million
- TABLE 30 Brazil Electric Cargo Bike Market by Range, 2024 - 2031, USD Million
- TABLE 31 Brazil Electric Cargo Bike Market by Application, 2020 - 2023, USD Million
- TABLE 32 Brazil Electric Cargo Bike Market by Application, 2024 - 2031, USD Million
- TABLE 33 Brazil Electric Cargo Bike Market by Type, 2020 - 2023, USD Million
- TABLE 34 Brazil Electric Cargo Bike Market by Type, 2024 - 2031, USD Million
- TABLE 35 Argentina Electric Cargo Bike Market, 2020 - 2023, USD Million
- TABLE 36 Argentina Electric Cargo Bike Market, 2024 - 2031, USD Million
- TABLE 37 Argentina Electric Cargo Bike Market by Range, 2020 - 2023, USD Million
- TABLE 38 Argentina Electric Cargo Bike Market by Range, 2024 - 2031, USD Million
- TABLE 39 Argentina Electric Cargo Bike Market by Application, 2020 - 2023, USD Million
- TABLE 40 Argentina Electric Cargo Bike Market by Application, 2024 - 2031, USD Million
- TABLE 41 Argentina Electric Cargo Bike Market by Type, 2020 - 2023, USD Million
- TABLE 42 Argentina Electric Cargo Bike Market by Type, 2024 - 2031, USD Million
- TABLE 43 UAE Electric Cargo Bike Market, 2020 - 2023, USD Million
- TABLE 44 UAE Electric Cargo Bike Market, 2024 - 2031, USD Million
- TABLE 45 UAE Electric Cargo Bike Market by Range, 2020 - 2023, USD Million
- TABLE 46 UAE Electric Cargo Bike Market by Range, 2024 - 2031, USD Million
- TABLE 47 UAE Electric Cargo Bike Market by Application, 2020 - 2023, USD Million
- TABLE 48 UAE Electric Cargo Bike Market by Application, 2024 - 2031, USD Million
- TABLE 49 UAE Electric Cargo Bike Market by Type, 2020 - 2023, USD Million
- TABLE 50 UAE Electric Cargo Bike Market by Type, 2024 - 2031, USD Million
- TABLE 51 Saudi Arabia Electric Cargo Bike Market, 2020 - 2023, USD Million
- TABLE 52 Saudi Arabia Electric Cargo Bike Market, 2024 - 2031, USD Million
- TABLE 53 Saudi Arabia Electric Cargo Bike Market by Range, 2020 - 2023, USD Million
- TABLE 54 Saudi Arabia Electric Cargo Bike Market by Range, 2024 - 2031, USD Million
- TABLE 55 Saudi Arabia Electric Cargo Bike Market by Application, 2020 - 2023, USD Million
- TABLE 56 Saudi Arabia Electric Cargo Bike Market by Application, 2024 - 2031, USD Million
- TABLE 57 Saudi Arabia Electric Cargo Bike Market by Type, 2020 - 2023, USD Million
- TABLE 58 Saudi Arabia Electric Cargo Bike Market by Type, 2024 - 2031, USD Million
- TABLE 59 South Africa Electric Cargo Bike Market, 2020 - 2023, USD Million
- TABLE 60 South Africa Electric Cargo Bike Market, 2024 - 2031, USD Million
- TABLE 61 South Africa Electric Cargo Bike Market by Range, 2020 - 2023, USD Million
- TABLE 62 South Africa Electric Cargo Bike Market by Range, 2024 - 2031, USD Million
- TABLE 63 South Africa Electric Cargo Bike Market by Application, 2020 - 2023, USD Million
- TABLE 64 South Africa Electric Cargo Bike Market by Application, 2024 - 2031, USD Million
- TABLE 65 South Africa Electric Cargo Bike Market by Type, 2020 - 2023, USD Million
- TABLE 66 South Africa Electric Cargo Bike Market by Type, 2024 - 2031, USD Million
- TABLE 67 Nigeria Electric Cargo Bike Market, 2020 - 2023, USD Million
- TABLE 68 Nigeria Electric Cargo Bike Market, 2024 - 2031, USD Million
- TABLE 69 Nigeria Electric Cargo Bike Market by Range, 2020 - 2023, USD Million
- TABLE 70 Nigeria Electric Cargo Bike Market by Range, 2024 - 2031, USD Million
- TABLE 71 Nigeria Electric Cargo Bike Market by Application, 2020 - 2023, USD Million
- TABLE 72 Nigeria Electric Cargo Bike Market by Application, 2024 - 2031, USD Million
- TABLE 73 Nigeria Electric Cargo Bike Market by Type, 2020 - 2023, USD Million
- TABLE 74 Nigeria Electric Cargo Bike Market by Type, 2024 - 2031, USD Million
- TABLE 75 Rest of LAMEA Electric Cargo Bike Market, 2020 - 2023, USD Million
- TABLE 76 Rest of LAMEA Electric Cargo Bike Market, 2024 - 2031, USD Million
- TABLE 77 Rest of LAMEA Electric Cargo Bike Market by Range, 2020 - 2023, USD Million
- TABLE 78 Rest of LAMEA Electric Cargo Bike Market by Range, 2024 - 2031, USD Million
- TABLE 79 Rest of LAMEA Electric Cargo Bike Market by Application, 2020 - 2023, USD Million
- TABLE 80 Rest of LAMEA Electric Cargo Bike Market by Application, 2024 - 2031, USD Million
- TABLE 81 Rest of LAMEA Electric Cargo Bike Market by Type, 2020 - 2023, USD Million
- TABLE 82 Rest of LAMEA Electric Cargo Bike Market by Type, 2024 - 2031, USD Million
- TABLE 83 Key Information - Yuba Bikes
- TABLE 84 Key Information - Mobility Holdings, Limited
- TABLE 85 Key Information - Avant Enterprises, Inc.
- TABLE 86 Key Information - Priority Outdoor Products, LLCd
- TABLE 87 Key Information - Riese & Muller GmbH
- TABLE 88 Key Information - Bunch Bikes, Inc.
- TABLE 89 Key Information - Pon Holdings B.V.
- TABLE 90 Key Information - Rad Power Bikes Inc.
- TABLE 91 Key Information - RYTLE Mobility GmbH
