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Market Research Report

China Bicycle Manufacturing Industry: Overview, Trends, Share, Demand, Growth Drivers, Market Outlook, & Forecast 2017-2025

Published On : 2018-06-26 Report Page : 210 Category: Manufacturing

China Bicycle Manufacturing Industry Analysis 2017-2025

Industry Overview

China has been called as “kingdom of bicycles” owing to high adoption of bicycles among the large population of China with is continuously growing since decades when it was major means of personal transportation. With the advancement of technology, trend of bicycle manufacturing is advancing in China, and the popularity of bicycles is growing all over the world on account of the health consciousness and environmental concerns to reduce CO2 emissions. The rising urbanization, congestion and sustainability are majorly driving the rising demand for bicycle all over China and the world. China is world’s largest bicycle producer and the growing economy of China has leveraged this position. China bicycles manufacturers have started to shift their focus on manufacturing electric bicycle on account of the changing environment. Annual production of bicycles has reached nearly 5,000 million units in 2016. Fuji-ta Group, a China based cycle manufacturing and R&D company has an annual capacity of 20 million units annually. United States has large bicycle market and its major imports of bicycle are from China. The sales of bicycle in United States is gradually rising due to growing awareness of benefits from riding bicycle and government initiatives to promote bicycle is further increasing the number of cyclists in the region.

Further, there is growing demand for bike-sharing in China, which is largely posing a threat to the sales of bicycles and sharp decline is expected over the forecast period. But the high demand of bicycles from foreign countries may balance the losses incurred from domestic market. Exports in 2016, accounted for 60% of the total revenue of China bicycle industry. Goldstein Research analyst forecast that the China bicycle manufacturing industry is set to reach USD 13.1 billion by 2024, growing at a CAGR of 6.2% over the forecast period (2017-2025).

China Bicycle Manufacturing Industry Segmentation

By Product Type

  • On-Road (Endurance, Fitness, City, etc.)
  • X-Road (Adventure, Cyclocross, etc.)
  • Off-Road (Race, Trail, Gravity, etc.)
  • E-Bicycle

On-road bicycle segment accounted for the largest market share of 58.4% in 2016 owing to the rising sales of the bicycle for fitness and mountaineering. Over the forecast period, e-bicycles are expected to take over the market share, growing at a CAGR of 7.3% during 2017-2025.

By Pricing Model

  • Low-Cost Products
  • Medium Cost Products
  • High-End Products (Customized or luxury Brands)

By Distribution Channel

  • Online Distribution Channel
  • Offline Distribution Channel

By Business Model

  • Business to Business (B2B)
  • Business to Consumer (B2C)

Covered In This China Bicycle Manufacturing Industry Report

The report covers the present ground scenario and the future growth prospects of the bicycle manufacturing market for 2017-2025 along with the industry players’ analysis. We calculated the industry size and revenue share on the basis of revenue generated from major players in the China region.

China Bicycle Manufacturing Industry Outlook 2017-2025, has been prepared based on an in-depth industry analysis from industry experts. The report covers the competitive landscape and current position of major players in the China bicycle manufacturing industry space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of industry players and their business models. “China Bicycle Manufacturing Industry Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide a competitive advantage to the existing and new entry players.

Our China bicycle manufacturing industry report comprises of the following companies as the key players: Dahon, Flying Pigeon, Phoenix, Trinx, Fuji-Ta Group, Aimos Technology Co., Ltd., Jobo Technology Co., Ltd., Sihaihengtong Bicycle Co., Ltd., Ristar Electronic & Machinery Co., Ltd., Juxiang Vehicle Co., Ltd., Giant, Trek Bicycle manufacturing Corporation, Scott Sports SA, Specialized Bicycle manufacturing Components, Inc., Bianchi, Cicli Pinarello S.p.A., Colnago Ernesto & C. S.r.l., Cannondale Bicycle manufacturing Corporation, GT Bike, Merida Bicycle manufacturing, Santa Cruz Bicycle manufacturings, Schwinn, Piaggio & Co. SpA, Atala spa, Accell Group, canyon bicycle manufacturings, etc.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive industry and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this China Bicycle Manufacturing Industry Report

  • What is the total industry size by 2025 and what would be the expected growth rate of the industry?
  • What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
  • What are the key industry trends?
  • What are the factors which are driving this industry?
  • What are the major barriers to industry growth?
  • Who are the key vendors in this industry space?
  • What are the industry opportunities for the existing and entry-level players?
  • What are the recent developments and business strategy of the key players?

Reasons to buy this industry study

  • Facilitate decision-making based on strong historic and forecast data for China Bicycle manufacturing Industry
  • Develop strategies based on the latest regulatory framework
  • Position yourself to gain the maximum advantage of the China Bicycle manufacturing industry’s growth potential
  • Identify key partners and business development avenues across the globe
  • Respond to your competitors’ business structure, strategy, and prospects

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China Bicycle Manufacturing Industry: Overview, Trends, Share, Demand, Growth Drivers, Market Outlook, & Forecast 2017-2025

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