The
electric cargo bikes market is witnessing continually rising revenues. This growth majorly attributes to the wide uptake of these bikes by eCommerce and online food delivery companies. Rising adoption of e-cargo delivery bikes, especially in cities with dense populations, noise & air pollution, and parking & traffic issues, is a major driving force behind the substantial market rise.
Electric-assisted cargo bikes (e-cargo bikes) are designed for rugged outdoor uses and can carry goods and heavy equipments. Many food delivery workers have been using e-bikes for several years as they offer cost-effective transport solutions. E-commerce and food delivery businesses skyrocketed during the year 2020 due to the pandemic, expanding the demand for home deliveries.
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Electric Bikes Cargo Market Scenario 2020 | Global Trends, Industry Updates, Dynamics, Growth Opportunities, Key Players, Demand and Business Boosting Strategies till 2023
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