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Zhejiang Hangpai Electric Vehicle Industry Co., Ltd

The Development Prospects Of Bicycles

The focus of the world bicycle industry is shifting from traditional means of transportation to sports, mountain, and leisure. In developed countries such as the United States, Europe, and Japan, bicycles are a more common sports, fitness, leisure and entertainment product. . Every year there is a huge demand for bicycles in the world. Statistics from CYCLEPRESS in Japan show that the demand for bicycles in the world remains at the level of 106 million units, and the annual transaction volume of bicycles is approximately US$5 billion. Due to industrial characteristics and labor cost factors, the global bicycle manufacturing industry has shifted to countries and regions with industrial manufacturing advantages dominated by China in the past 15 years. As of 2013, China will still be the world’s largest bicycle production base, with more than 500 vehicle manufacturers and more than 700 spare parts factories, respectively, and the main bases of the world’s top five manufacturers are all in China. As the income level of people in all countries in the world increases, the global demand for bicycles will further expand. With the further structural upgrade of bicycles, it will bring greater profit margins to industry participants, and the development prospects of China’s bicycle industry will also be even greater. broad.

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