The Growing Demand for Sustainable Transportation: A Comprehensive Analysis of the Cargo Bicycles Market
The global cargo bicycles market size is expected to reach USD 12,061.0 million by 2030, according to a new report by Grand View Research, Inc. Furthermore, the market is projected to advance at a significant CAGR of 22.3% from 2022 to 2030. Europe is expected to offer tremendous growth opportunities for the cargo bicycle market due to the localized presence of several bicycle manufacturers and rising awareness regarding environmentally efficient transportation. The increasing encouragement for using non-polluting vehicles over short-distance commutes by governments fuels market growth. Moreover, consumers are shifting towards e-commerce and food delivery services, which increases logistic companies' need for more delivery partners. In September 2021, the Dublin City Council partnered with Bleeper to launch a cargo bicycle scheme, allowing local businesses to purchase e-cargo bicycles at a discounted rate. These e-cargo bicycles enable businesses to l...