Bicycle Industry Overview
According to the statistics of the Ministry of Statistics, the output value of Taiwan's bicycle parts manufacturing industry reached a record high of NT$69.6 billion in 2019. An increase of 8.41% year-on-year; Taiwan's bicycle (complete vehicle) manufacturing output value was 41.9 billion yuan, a year-on-year increase of 4.23%, but compared with the data of the past 10 years, the output value of complete vehicle manufacturing in 2019 was at a trough. In 2015, the output value of bicycle manufacturing reached a peak of 56.5 billion yuan.
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The Future Development Trend of the Bicycle Industry
The evolution of science and technology over the years has brought destructive innovation to the bicycle industry. The traditional bicycle industry can no longer be like the past, but simply pursue the lightweight of products. It is necessary to further integrate the new thinking of technology and innovative services to provide products and services that meet the needs of consumers. , in order to continue to win the favor of the market.
Key Trend 1: Electrification
Catering to the trend of energy saving and carbon reduction, electric bicycles (eBikes) with low pollution, simple operation, labor saving and no driver's license have gradually become the new choice of human means of transportation. More and more riders step on the eBikes with power pedals to enjoy the riding life , the rise of the eBike wave.
Key Trend 2: Intelligence
The introduction of intelligent elements is the key to attracting consumers. E-life is an irresistible trend, and the development of bicycle products towards intelligence is also unstoppable. IoT, big data and digital life are changing the ecology of various industries and continue to change our lives. It is foreseeable that in the future, bicycles will not only be transportation or sports tools, but also the most convenient monitoring unit in smart cities, which can be used at any time. Collect environmental information and even monitor traffic data. In response to the comprehensive transformation of the bicycle industry to the direction of intelligence, it is called for Taiwanese industries to innovate across borders, combine the soft power of the Internet of Things and smart applications, and develop products that are more in line with the smart market.
Key Trend 3: Community Sharing
As the bicycle life is fully moving towards intelligence, riders hope to use the intelligent networking as a community sharing tool to enjoy a more different riding life, which also promotes the formation of a new situation of shared services in the bicycle industry. Integrate the GPS bike watch, allowing riders to upload their riding knowledge and information to the community and share them with riders.
Key Trend 4: Customization
Electrification and intelligence depend on the injection of technology, but in order to satisfy consumers' personal awareness, focusing on the design and development of customized bicycle products is also the key for bicycle brands to win new market consumption patterns.
Key Trend 5: Globalization
In view of the intensified competition in the global bicycle industry and the impact of the US-China trade war on Taiwan's bicycle industry, in addition to product and service innovation, it is moving towards smart manufacturing and building a global supply chain support system that can be quickly adjusted. A key point that bicycle manufacturers cannot ignore.
Key Trend 1: Electrification
Catering to the trend of energy saving and carbon reduction, electric bicycles (eBikes) with low pollution, simple operation, labor saving and no driver's license have gradually become the new choice of human means of transportation. More and more riders step on the eBikes with power pedals to enjoy the riding life , the rise of the eBike wave.
Key Trend 2: Intelligence
The introduction of intelligent elements is the key to attracting consumers. E-life is an irresistible trend, and the development of bicycle products towards intelligence is also unstoppable. IoT, big data and digital life are changing the ecology of various industries and continue to change our lives. It is foreseeable that in the future, bicycles will not only be transportation or sports tools, but also the most convenient monitoring unit in smart cities, which can be used at any time. Collect environmental information and even monitor traffic data. In response to the comprehensive transformation of the bicycle industry to the direction of intelligence, it is called for Taiwanese industries to innovate across borders, combine the soft power of the Internet of Things and smart applications, and develop products that are more in line with the smart market.
Key Trend 3: Community Sharing
As the bicycle life is fully moving towards intelligence, riders hope to use the intelligent networking as a community sharing tool to enjoy a more different riding life, which also promotes the formation of a new situation of shared services in the bicycle industry. Integrate the GPS bike watch, allowing riders to upload their riding knowledge and information to the community and share them with riders.
Key Trend 4: Customization
Electrification and intelligence depend on the injection of technology, but in order to satisfy consumers' personal awareness, focusing on the design and development of customized bicycle products is also the key for bicycle brands to win new market consumption patterns.
Key Trend 5: Globalization
In view of the intensified competition in the global bicycle industry and the impact of the US-China trade war on Taiwan's bicycle industry, in addition to product and service innovation, it is moving towards smart manufacturing and building a global supply chain support system that can be quickly adjusted. A key point that bicycle manufacturers cannot ignore.
Industry-related Manufacturers:
In the face of big data in the major changes in the transportation industry, with the introduction of artificial intelligence, Taiwan's bicycle industry has been thinking about how to better meet the riding habits of modern consumer groups, and innovation affects the needs and decisions of car buyers. By improving products into high-value and high-performance E-trend products, Taiwan's bicycle industry has given priority to striding towards a global supply chain of intelligent manufacturing.
Source: MP