North America Electric Cargo Bikes Market Report and Forecast 2025-2034
Description
The North America electric cargo bikes market size was valued at USD 0.44 Billion in 2024. The market is further projected to grow at a CAGR of 37.70% between 2025 and 2034, reaching a value of USD 10.78 Billion by 2034.
The market is experiencing a rapid surge towards the electrification of vehicles, which is primarily fuelling the North America electric cargo bike market share. This trend is driven by increasing environmental concerns, rising fuel prices, and growing consumer awareness. For example, companies like Rad Power Bikes and Tern Bicycles are offering a range of electric cargo bikes with advanced features and efficient designs.
Moreover, there is a growing demand for sustainable transportation solutions, driving the adoption of electric cargo bikes in e-commerce and logistics. For example, companies like Amazon and UPS are using electric cargo bikes for last-mile deliveries in urban areas, reducing their carbon footprint and improving their sustainability credentials.
Residential use of electric cargo bikes in North America is on the rise, driven by the growing trend of urban living and rising fuel prices. Individuals are increasingly turning to electric cargo bikes for personal transportation, grocery shopping, and running errands within their neighbourhoods. Brands like Rad Power Bikes offer models like the RadWagon, designed with cargo racks and baskets to cater to residential needs. These bikes are popular for short distance commuting in urban areas where traffic congestion and parking limitations are common.
As per the North America electric cargo bike market analysis, commercial electric cargo bikes are designed for durability and efficiency, with features like large cargo compartments, sturdy frames, and long battery life. The commercial segment is poised for significant growth, driven by the expansion of e-commerce activities, the need for faster and greener delivery options, and the focus on reducing carbon emissions in logistics operations. Brands like Tern Bicycles with their GSD model and Riese & Müller with the Load series are examples of companies catering to both residential and commercial electric cargo bike markets, showcasing the diverse applications and potential of this evolving industry.
Market Segmentation
North America Electric Cargo Bikes Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments
Market Breakup by Product Type:
Two Wheeled
Three Wheeled
Four Wheeled
Market Breakup by Battery Type:
Lithium Ion
Others
Market Breakup by End Use:
Residential
Commercial_x000D_ _x000D_ Courier and Parcel Service Provider _x000D_ Service Delivery _x000D_ Retail Supplier _x000D_ Others _x000D_ _x000D_
Residential
Commercial_x000D_ _x000D_ Courier and Parcel Service Provider _x000D_ Service Delivery _x000D_ Retail Supplier _x000D_ Others _x000D_ _x000D_
Market Breakup by Region:
United States of America
Canada
Competitive Landscape
Players are focusing on expanding their product offerings, increasing their market share, and improving their distribution networks to meet the growing demand for electric cargo bikes in North America.
Giant Bicycle, Inc.
Rad Power Bikes Inc.
Pedego Inc.
Riese & Müller GmbH
Hawley LLC (Yubabikes)
Amsterdam Bicycle Company LLC
Worksman Cycles Co. Inc.
Priority Outdoor Products, LLC (Xtracycle)
Mobility Holdings, Ltd. (Tern)
Bunch Bikes, Inc.
Others
The market is experiencing a rapid surge towards the electrification of vehicles, which is primarily fuelling the North America electric cargo bike market share. This trend is driven by increasing environmental concerns, rising fuel prices, and growing consumer awareness. For example, companies like Rad Power Bikes and Tern Bicycles are offering a range of electric cargo bikes with advanced features and efficient designs.
Moreover, there is a growing demand for sustainable transportation solutions, driving the adoption of electric cargo bikes in e-commerce and logistics. For example, companies like Amazon and UPS are using electric cargo bikes for last-mile deliveries in urban areas, reducing their carbon footprint and improving their sustainability credentials.
Residential use of electric cargo bikes in North America is on the rise, driven by the growing trend of urban living and rising fuel prices. Individuals are increasingly turning to electric cargo bikes for personal transportation, grocery shopping, and running errands within their neighbourhoods. Brands like Rad Power Bikes offer models like the RadWagon, designed with cargo racks and baskets to cater to residential needs. These bikes are popular for short distance commuting in urban areas where traffic congestion and parking limitations are common.
As per the North America electric cargo bike market analysis, commercial electric cargo bikes are designed for durability and efficiency, with features like large cargo compartments, sturdy frames, and long battery life. The commercial segment is poised for significant growth, driven by the expansion of e-commerce activities, the need for faster and greener delivery options, and the focus on reducing carbon emissions in logistics operations. Brands like Tern Bicycles with their GSD model and Riese & Müller with the Load series are examples of companies catering to both residential and commercial electric cargo bike markets, showcasing the diverse applications and potential of this evolving industry.
Market Segmentation
North America Electric Cargo Bikes Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments
Market Breakup by Product Type:
Two Wheeled
Three Wheeled
Four Wheeled
Market Breakup by Battery Type:
Lithium Ion
Others
Market Breakup by End Use:
Residential
Commercial_x000D_ _x000D_ Courier and Parcel Service Provider _x000D_ Service Delivery _x000D_ Retail Supplier _x000D_ Others _x000D_ _x000D_
Residential
Commercial_x000D_ _x000D_ Courier and Parcel Service Provider _x000D_ Service Delivery _x000D_ Retail Supplier _x000D_ Others _x000D_ _x000D_
Market Breakup by Region:
United States of America
Canada
Competitive Landscape
Players are focusing on expanding their product offerings, increasing their market share, and improving their distribution networks to meet the growing demand for electric cargo bikes in North America.
Giant Bicycle, Inc.
Rad Power Bikes Inc.
Pedego Inc.
Riese & Müller GmbH
Hawley LLC (Yubabikes)
Amsterdam Bicycle Company LLC
Worksman Cycles Co. Inc.
Priority Outdoor Products, LLC (Xtracycle)
Mobility Holdings, Ltd. (Tern)
Bunch Bikes, Inc.
Others
Table of Contents
115 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Electric Cargo Bikes Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global Electric Cargo Bikes Historical Market (2018-2024)
- 5.3 Global Electric Cargo Bikes Market Forecast (2025-2034)
- 5.4 Global Electric Cargo Bikes Market Share by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 North America Electric Cargo Bikes Market Overview
- 6.1 Key Industry Highlights
- 6.2 North America Electric Cargo Bikes Historical Market (2018-2024)
- 6.3 North America Electric Cargo Bikes Market Forecast (2025-2034)
- 7 North America Electric Cargo Bikes Market by Product Type
- 7.1 Two Wheeled
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Three Wheeled
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Four Wheeled
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 8 North America Electric Cargo Bikes Market by Battery Type
- 8.1 Lithium Ion
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Others
- 9 North America Electric Cargo Bikes Market by End Use
- 9.1 Residential
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Commercial
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.2.3 Breakup by Type
- 9.2.3.1 Courier and Parcel Service Provider
- 9.2.3.2 Service Delivery
- 9.2.3.3 Retail Supplier
- 9.2.3.4 Others
- 10 North America Electric Cargo Bikes Market by Country
- 10.1 United States of America
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Canada
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators of Demand
- 11.4 Key Indicators of Price
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 Giant Bicycle, Inc.
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 Rad Power Bikes Inc.
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 Pedego Inc.
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 Riese & Müller GmbH
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 Hawley LLC (Yubabikes)
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 Amsterdam Bicycle Company LLC
- 12.5.6.1 Company Overview
- 12.5.6.2 Product Portfolio
- 12.5.6.3 Demographic Reach and Achievements
- 12.5.6.4 Certifications
- 12.5.7 Worksman Cycles Co. Inc.
- 12.5.7.1 Company Overview
- 12.5.7.2 Product Portfolio
- 12.5.7.3 Demographic Reach and Achievements
- 12.5.7.4 Certifications
- 12.5.8 Priority Outdoor Products, LLC (Xtracycle)
- 12.5.8.1 Company Overview
- 12.5.8.2 Product Portfolio
- 12.5.8.3 Demographic Reach and Achievements
- 12.5.8.4 Certifications
- 12.5.9 Mobility Holdings, Ltd. (Tern)
- 12.5.9.1 Company Overview
- 12.5.9.2 Product Portfolio
- 12.5.9.3 Demographic Reach and Achievements
- 12.5.9.4 Certifications
- 12.5.10 Bunch Bikes, Inc.
- 12.5.10.1 Company Overview
- 12.5.10.2 Product Portfolio
- 12.5.10.3 Demographic Reach and Achievements
- 12.5.10.4 Certifications
- 12.5.11 Others
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