Electric cargo bikes market to reach $2.14 bn by 2032

Electric cargo bikes are emerging as a sustainable and efficient solution for urban logistics and personal mobility. The market is projected to surge ahead at a CAGR of 11.9% to $2.14 billion by the end of 2032. In 2021, electric cargo bikes accounted for 66.2% of the global cargo bike market, underscoring their growing prominence in the sector.