Summary
The global cargo bike market, valued at $900 million in 2022, is experiencing robust growth with an expected CAGR of 9% until 2032. Europe leads this market, accounting for 42.2% of the global share, with sales estimating between 400,000 to 500,000 units in 2022 alone, driven by electric cargo bikes and supported by government incentives and infrastructure. France, a key player, saw its market expand more than tenfold in five years, reaching 33,000 units sold in 2022, and created 219 full-time jobs in the same year. On the French market, electrically-assisted bicycles (VAEs) accounted for 3% of the EAB market with an average price of €4,118 in 2021. Recognized companies like Yuba and Douze Cycles are leaders in this sector. Despite the boom, there is an absence of European standards for cargo bikes, raising the necessity for industry-wide regulations, which are currently being developed.
Rising Tide of Cargo Bike Market in France
In recent years, France has observed a significant shift towards eco-friendly transportation, leading to a significant surge in the popularity and demand for cargo bikes. This shift is primarily driven by an increase in environmental awareness, urbanization, and support from local authorities endorsing greener modes of transit. The cargo bike has found its niche, appealing to a broad range of users from families to businesses, particularly in urban settings where conventional transportation emits pollutants and creates congestion.
The French cargo bike market has expanded rapidly, seeing a tenfold increase in sales over a five-year period, moving from a market worth between 3.1 and 5.1 million euros in 2018 to an estimated 42.3 to 52.3 million euros in 2023. This considerable growth is reflective of the cargo bike’s versatility, capable of catering to various needs such as urban cleaning, food vending, and particularly "last-mile delivery." The latter segment has seen substantial growth due to the explosion of e-commerce, prompting companies to consider cargo bikes as a viable, eco-friendly solution for deliveries within the city, especially with the rise in addressed items moved via postal circuits, totaling between 9.0 and 9.4 billion in France.
The French market's dynamic nature is underscored by its profound growth in employment within the sector. From an estimated 200 to 240 FTEs in 2022, the industry is projecting about 272 to 292 FTEs for 2023. This nearly 30% job increase is a testament to the industry's vitality and its expanding role in the French economy. Electrically-assisted cargo bikes command a significant market share, aligning with the French population's growing preference for electric over conventional bicycles. With around 55% of households owning at least one bicycle, the cargo bike industry has a ready market, particularly with about 10% of homes equipped with electric-assist bikes.
This receptiveness to innovation in mobility solutions reveals a society that's increasingly embracing sustainable transportation options. Moreover, the market outlook is promising; demand is anticipated to remain robust as cities continue to seek sustainable solutions and as families and businesses increasingly recognize the advantages of cargo bikes for transport and delivery purposes. In the face of rising living standards and the ongoing commitment to environmental conservation, cargo bikes in France are poised to play an increasingly central role in shaping the future of urban transportation.
Key Market Participants Shaping the Cargo Bike Industry Landscape
As the cargo bike market flourishes, particularly in urban centers where eco-friendly transportation is increasingly valued, several players stand out for their roles and contributions. These companies, often specialists in their segments, are leading the charge in shaping the cargo bike market, each with its unique brand philosophy, product offerings, and market strategies.
- Yuba: With a mix of French flair and Californian innovation, Yuba has established itself as a frontrunner in the cargo bike market. The brand gained momentum with the popularization of its first electric cargo bike in 2018, catering to consumers seeking sustainable transportation without compromising on carrying capacity.
- Douze Cycles: As a purveyor of high-end cargo bikes, Douze Cycles offers an exquisite product line tailored for both professionals and everyday riders. Their bikes reflect a blend of technical prowess and design, warranting attention from those who seek performance as well as style.
- Nihola: With a unique business model focusing on assembly and distribution, Nihola stands out for its commitment to localized production. The majority of its bike parts are machined in France, catering to a market that values locality and sustainability.
- Kiffy: Kiffy's dynamic presence in the French market is characterized by its innovative design and practicality. Their bikes offer a seamless riding experience coupled with the convenience of carrying various loads, catering to the active, urban cyclist.
- Oklö: Partnered with the renowned retail giant Décathlon, Oklö brings cargo biking to mainstream markets. Their approachable brand and accessible sales model through both physical stores and online platforms have expanded the reach of cargo bikes to a wider demographic.
- Cyclable: With a robust franchise network and a concept strongly rooted in urban centers, Cyclable has become synonymous with passion and lifestyle in the biking community. Its multibrand offerings and enthusiast-driven stores cater to city dwellers who seek more than just a bike - they seek a biking experience.
- Altermove: Originating from the house of Mobivia, known for automotive service brands like Norauto and Midas, Altermove has quickly adjusted its gear to the electrification trend in personal transport. With a focus on electric mobility solutions, Altermove's stores are a go-to for eco-conscious commuters.
Together, these players are not just selling cargo bikes; they are advocating a greener and more sustainable way of life. They are the pioneers championing urban transformation through eco-friendly transport, making cargo bikes a staple
to understand this market
Detailed content
Inforamtion
- Number of pages : 30 pages
- Format : Digital and PDF versions
- Last update : 13/11/2023
Summary and extracts
1 Market overview
1.1 Definition and scope of the study
The cargo bike is a two- or three-wheeled land vehicle, sometimes electric, designed to carry heavier loads than a conventional bicycle. Cargo bikes are used for a variety of purposes, the most common of which are :
- cargo bikes for urban cleaning;
- food bikes (coffee bikes, waffle bikes, etc.);
- Freight transport/delivery bikes.
The global cargo bike market has been growing exponentially for several years, currently valued at $900 million, and is expected to increase at a CAGR of 9% until 2032. In Europe alone, between 400,000 and 500,000 bikes were sold in 2022. Cargo bikes, most of them electric, meet a growing demand for new modes of transport in increasingly urbanized environments. Their popularity is also due to rising living standards and global environmental awareness.
The cargo bike market is also very dynamic in France, with a market size multiplied by more than ten in five years and 33,000 units sold by 2022. The majority of cargo bikes sold are electric and imported. The range is extremely varied, with models on average much more expensive than other electrically-assisted bicycles (EABs), and three-wheelers (cargo bikes with three wheels) are the biggest sellers.
There are no major players in the global cargo bike market, as the majority are SMEs. In France, the biggest player is Yuba, a Franco-Californian company, but new entrants are constantly arriving on the market, increasing the number of jobs.most of the companies offering cargo bikes originally specialized in electric bikes, and have recently diversified their offer in response to the boom in this new type of transport. Major retailers are just beginning to offer cargo bike models, such as Décathlon' s Oklö and Toyota' s Cargo Verso. However, the preferred distribution channels remain retailers.
1.2 A fast-growing global market
The global cargo bike market was estimated at $*** million in ****, and is expected to grow at a CAGR of *% to ****.
Global cargo bike market size projections World, **** - ****, in $ millions Source: ****
This growth is driven by a growing interest in recreational activities. This segment is also benefiting from urbanization, rising living ...
1.3 The European market leads the way
To study the outlook for the European market, we use a survey carried out by CCCB (***) on ** European cargo bike companies.
Survey of ** European cargo bike vendors: market outlook Europe, ****-*****, in number of bikes sold Source: ****
The graph above shows the market growth outlook. Sales volumes continue to grow year ...
1.4 A very dynamic French market
Although cargo bikes have been around for many years, it's the electrification process that's giving them a new lease of life these days, along with the support of local authorities.for example, the Ile-de-France region has launched three models (***). The cities of Grenoble, Strasbourg and Nantes also offer them for ...
1.5 A trade balance heavily weighted towards imports
According to theCycle **** Observatory, **% of cargo bikes sold in **** were manufactured in France, corresponding to *,*** units. France is therefore a major importer in this sector. Unfortunately, we do not have access to French foreign trade figures for the very specific cargo bike sector.s by customs tariff number ******, which covers"Motorcycles, ...
2 Demand analysis
2.1 Cargo bike uses and users
Bicycles are the best-selling means of transport in France, just ahead of scooters and cars.
Most popular means of transport in France France, ****, in Source: ****
According to a report published byAdeme in April ****, **% of French households own at least one bicycle. Of these, **% have at least one conventional bicycle. What's more, ...
2.2 Home delivery in the city, a growth segment for cargo bikes
E-commerce is undergoing a period of significant growth, particularly in the wake of the health crisis. According to the Fevad (***) **** report, the sector has recorded solid growth, with total sales of ***.* billion euros, an increase of **.*% compared to ****[Francenum.as a result, withurbanization facilitating delivery by cargo bike, the development of ...
2.3 Year-round bicycle use
If bicycles are now present in more than half of all French households (***), it's thanks to the diversification of their uses. While the leisure bike is still mainly used in summer, its daily use for utility purposes is becoming increasingly popular, and the"velotaf", the practice of using one's bike to ...
2.4 The key role of the public sector
The public sector has an important role to play in the development of the bicycle sector in France, which is not yet the case according to **% of French people.
In your opinion, does France encourage the use of bicycles as a means of transport? France, ****, in Source: ****
To remedy this situation, ...
3 Market structure
3.1 Company and production structure
Source: ****
The boom in electric cargo bikes in France has led to an increase in the number of players in this sector. The best-known are Douze Cycles, O*Feel, Moustache and Kiffy, which offer a high-end range of electric cargo bikes for professionals and individuals. Yuba, a Franco-American brand, popularized its ...
3.2 Overview of the French market
In ****, *,*** cargo bikes manufactured in France were sold. Most of these were three-wheelers or tricycles, accounting for **.*% of volumes produced.
Number of cargo bikes or trailers produced in **** France, ****, in units Source: ****
Next in line are two-wheelers (***), which are integrated into cargo bikes. The cargo bike sector has been gaining in ...
3.3 Distribution focused on retailers and multisport chains
By ****, the French market for VAE (***) after VTCs.
Breakdown of EAB sales by product category France, ****, in % of volumes Source: ****
Retailers and multisport chains dominate distribution in the bicycle market. In terms of value, retailers account for **% of the market, ahead of multisport chains (***). In terms of volume, multisport chains dominate ...
3.4 Delivery market structure
With the cargo bike set to become an increasingly important part of the delivery process, it's worth taking a look at the structure of the current delivery market. France is the third largest e-commerce market in Europe and the sixth largest in the world, making it a significant opportunity for e-tailers ...
4 Offer analysis
4.1 Typology of supply and price of cargo bikes
There are three main types of cargo bike, each designed for a different purpose, and listed in the table below:
For the prices shown in the table, we selected the top price in each category from the HollandBikes brand website, and used information from UFC Que Choisir and vélos-cargo. ...
4.2 Consistent average prices
Electric cargo bikes rank first among the most expensive e-bikes, with an average price of €*,*** in ****.
EAB price trends, by product category France, **** vs ****, in Source: ****
Electric cargo bikes come in a range of prices, depending on the model chosen. The initial cost for a simple two-wheeler without suspension is around ...
4.3 Battery prices have a major impact on the final price
VAE batteries can vary in voltage. The most commonly used are ** and ** V. However, **.* and ** V batteries are also available. According toAvem, the four most common battery categories for electric-assist bicycles are as follows:
" Lead-acid or lead gel batteries (***) and a lifespan of around *** charge/discharge cycles
Nickel-metal hydride (***) and ...
4.4 Characteristics of different cargo bikes
Below is a more detailed typology of the different types of cargo bikes found on the French market, for both private and professional customers. However, cargo bikes for professionals can also be custom-designed, as offered on the ILI Cycles website.
Source: ****
5 Regulations
5.1 Current regulations
The ISO **** standard
The ISO **** standard was introduced in **** and recently revised in ****. It defines all the terms and designations relating to safety and performance requirements for bicycles and bicycle-related sub-assemblies. These are important codifications to observe during design, assembly as well as testing. The bicycles concerned include
Young adult bikes ...
5.2 Current lack of regulations for cargo bikes
According to Olivier Mouche-Boeuf, from Union Sport & Cycle (***), "there are as yet no European standards for three-wheeled cargo bikes, with or without electric assistance".
The industry is therefore working on the subject. In France, Afnor has already established a standard for "utility" bikes, NF*****, which includes static and dynamic stability ...
6 Positioning the players
6. Player segmentation
- Douze Cycles
- Nihola
- Kiffy O2SWITCH
- Cyclable
- Oklö
- Altermove (Mobivia Groupe)
- Cogepart
- Colis Privé
- Colisweb
- Stuart
- Yuba
- Toyota
- VUF Bikes
- Kleuster - Jean Lain Automobiles
- Calendar Bikes
- Arcade Cycles
- Gaya Bike
- Jhog
List of charts
- Projected size of the global cargo bike market
- Survey of 38 European cargo bike dealers: market outlook
- Countries most cited as the most dynamic European market among the 38 survey participants
- Share of electric cargo bikes in the overall distribution of the 38 survey participants
- Best-selling means of transport in France
All our studies are available online in PDF format
Take a look at an example of our research on another market!
Latest news
Companies quoted in this study
This study contains a complete overview of the companies in the market, with the latest figures and news for each company. :
Choosing this study means :
Access to more than 35 hours of work
Our studies are the result of over 35 hours of research and analysis. Using our studies allows you to devote more time and added value to your projects.
Benefit from 6 years' experience and over 1,500 industry reports already produced
Our expertise enables us to produce comprehensive studies in all sectors, including niche and emerging markets.
Our know-how and methodology enable us to produce reports that offer unique value for money.
Access to several thousand articles and paid-for data
Businesscoot has access to all the paid economic press as well as exclusive databases to carry out its market research (over 30,000 articles and private sources).
To enhance our research, our analysts also use web indicators (semrush, trends, etc.) to identify market trends and company strategies. (Consult our paying sources)
Guaranteed support after your purchase
A team dedicated to after-sales service, to guarantee you a high level of satisfaction. +44 238 097 0676
A digital format designed for our users
Not only do you have access to a PDF, but also to a digital version designed for our customers. This version gives you access to sources, data in Excel format and graphics. The content of the study can therefore be easily retrieved and adapted for your specific needs.
Our offers :
the cargo bike market | France
- What are the figures on the size and growth of the market?
- What is driving the growth of the market and its evolution?
- What is the positioning of companies in the value chain?
- Data from several dozen databases
Pack 5 études (-15%) France
- 5 études au prix de 75,6€HT par étude à choisir parmi nos 800 titres sur le catalogue France pendant 12 mois
- Conservez -15% sur les études supplémentaires achetées
- Choisissez le remboursement des crédits non consommés au terme des 12 mois (durée du pack)
Consultez les conditions du pack et de remboursement des crédits non consommés.