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Cargo bikes have expanded their utility to include mobile pop-up shops and food trucks. Entrepreneurs are transforming these bikes into cafes, shops, and food trucks, capitalizing on their flexibility and ability to cater to different events, markets, or neighbourhood’s. These mobile ventures stand out with their unique and eco-friendly approach, attracting customers. Consequently, the growing number of mobile pop-up shops and food trucks is driving the development of the cargo bike market.

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United States cargo bike market is expected to grow with a CAGR of 11.2% during the forecast period.
The demand for cargo bikes in Australia is expected to grow with a CAGR of 11.8% during the forecast period.
By propulsion type, electric segment is projected to grow with an impressive CAGR of 12% during the forecast period.
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Some recent developments in the cargo bike market are:

In October 2022, Douze Cycles, a French company, introduced a new line of cargo bikes comprising four models, with three of them featuring electric assistance. These bikes offer an impressive hauling capacity of up to 205 kg, making them ideal for heavy-duty transportation needs.
In June 2022, Tern introduced the NBD, a low-step e-bike designed for convenience. With a maximum gross vehicle weight of 140 kg, it boasts a rear rack capable of carrying up to 27 kg and a front rack with a capacity of up to 20 kg.
In March 2023, MYBYK introduced Electric Cargo, a solution aimed at addressing first and last-mile connectivity challenges for both citizens and tourists.
In December 2022, ONOMOTION launched the ONO e-cargo bike, revolutionizing urban mobility. With a primary focus on urban logistics and eco-conscious transportation of goods, the company emphasizes environmental sustainability and affordability.
Key Segments Profiled in the Cargo Bike Market Industry Survey

By Product Type:

Two Wheeled
Three Wheeled
Four Wheeled
By Propulsion:

Conventional
Electric
By Price:

Below US$ 1,500
US$ 1,500–3,500
US$ 3,501–6000
Above US$ 6,000

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