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Electric Cargo Bikes Market Trends, Growth & Forecast 2024-2034
The global electric cargo bike market is set to expand significantly, driven by urbanization, e-commerce growth, and the increasing need for sustainable last-mile delivery solutions. Valued at USD 4.78 billion in 2024, the market is projected to reach USD 18.05 billion by 2034, growing at an impressive CAGR of 14.2% over the forecast period. Electric cargo bikes are gaining traction as an eco-friendly alternative to traditional vehicles, effectively addressing traffic congestion and carbon emissions.
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5503
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Automotive
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