The cargo bike market - France

The global cargo bike market has been growing exponentially for several years, and is expected to increase at a CAGR of 3% until 2032. In Europe alone, between 400,000 and 500,000 bikes will have been sold by 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 9-fold increase in market size and 35,000 units sold by 2023. The majority of cargo bikes sold are electric and imported. The range is extremely varied, with models that are on average much more expensive than other electrically-assisted bicycles (EABs). Extended bikes and compact bikes (three-wheeled cargo bikes) will be the most popular in 2023. 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 are still retailers.