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Development prospects

Aigeni Technology Co.,Ltd | Updated: Dec 21, 2016
Source: Development prospects

World's bike industry is shifting from the traditional means of transport to sports, mountain-, leisure-type changes in the United States, Europe, Japan and other developed countries, bicycles are a common sports, fitness, leisure and entertainment products. Annual bicycle demand is huge in the world, Japan CYCLEPRESS statistics showed that levels of bike demand at 106 million units worldwide, bicycle annual turnover of about US $5 billion. Due to the characteristics of the industry and the labour cost factors, global bicycle manufacturing industry for nearly 15 years to China of industrial manufacturing countries and regions. By 2013, bikes for the world's biggest bicycle manufacturing bases in China, vehicle production plants, spare parts manufacturing plant over more than 500 respectively, more than 700 companies, the world's top five manufacturers base in China. With the improvement of the income level of the peoples of the world, global demand for bicycles will be further expanded, with the bike further upgrading, industry participants will bring greater profit margins, will be more broad development prospects of China's bicycle industry.

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