The global cargo bike market is projected to reach USD 2.1 billion in 2023 and is expected to grow to USD 4.2 billion by 2033, with a compound annual growth rate (CAGR) of 11.6% throughout the forecast period. In the United States, demand for cargo bikes is anticipated to rise at a CAGR of 9.5% …
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Cargo Bike Market expected to reach US$ 900 Mn & ~ 11.6% CAGR through 2021-2031
With the rise of e-commerce operations, logistical flows are witnessing significant expansion, creating transport and time-sensitive operational challenges. According to a recent report by Future Market Insights (FMI), the global cargo bike market is projected to expand at CAGR of around 11.6% over the forecast period 2021-2031. Sustainable urban logistics development is becoming increasingly vital to keep up with …
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