CARGO BIKE MARKET ANALYSIS
Global Cargo Bike Market: Key Developments
Major market players are focusing on product launches in order to enhance their product portfolio. For instance, in January 2023, Toyota launches its first electric cargo bike, but cargo bike is only available in France.
In July 2022, Amazon has announced the launch of its first fleet of electric cargo bikes on London’s congested streets.
In December 2020, Smartron India has announced the launch of ‘tbike flex’. It is an electric cargo bike, which in February 2023, Trek has launched two new cargo e-bikes, both with the capability to carry children and cargo in various ways.
In November 2021, Dutch design office Studio MOM has teamed up with hydrogen battery pioneer LAVO to develop an electric bike that can carry heavy cargo over long distances.
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