Electric Bike Industry
Environmental awareness is rising, global bicycle industry demand is growing, and with the introduction of technology, Taiwan’s bicycle manufacturing industry presents three main trends. One is that with the improvement of parts and manufacturing technology, products are developing towards high unit prices, and the other is AI and the Internet of Things. The trend of intelligent bicycle research and development is finally the new riding mode triggered by the rise of electric bicycles. Riding on, Taiwan, as a bicycle kingdom, has quickly grasped technological opportunities after facing a brief low tide, breaking through the current situation, and creating a high-output manufacturing supply chain.
According to statistics from the Statistics Department of the Ministry of Economic Affairs, the output value of Taiwan bicycles in 2018 exceeded 110 billion Taiwan dollars. Through innovative research and development, the unit price of Taiwan bicycles has increased year by year. With the gradual recovery of the market and the hot sales of high-unit-price electric bikes globally, the Taiwan bicycle industry's output in the first two quarters of 2019 increased by 3.5% over the same period last year, and electric bicycles soared by 113.2%.
In terms of bicycle parts, thanks to the high unit prices of high-end and high-end models, the hot sales of electric bicycles, and the growth of the repair market, the bicycle parts market have also benefited. In the first half of 2019, the export volume increased by 8.85%, and the output value reached 427 million US dollars. Regardless of whether it is incomplete vehicles or parts, the rapid digital transformation of the Taiwan bicycle industry and its excellent manufacturing technology background are the focus of Taiwan international advantages.
The output value of electric bicycles has the highest annual growth rate, and the profit is close to the traditional bicycle
With the rise of AI and the Internet of Things technologies, the transformation of the bicycle industry combines two major technological trends to create a trend for smart riding.
Through AI and the Internet of Things, bicycles can not only detect personal health status and early warning of physical crises while riding but also real-time confirmation of road conditions and sensing of the air quality of the riding environment to implement true smart riding. What's more interesting is that the bicycle combines the cloud to record and upload the internal and external conditions of the ride, and confirm it through the mobile app. Finally, the system will also perform big data calculations to analyze appropriate riding suggestions and provide related reference materials. In recent years, bicycles have been combined with tourism. Local operators have opened up renting bicycles as the most environmentally friendly way of local transportation, and there are also bicycle tours that travel by bicycle, which not only rides on international environmental trends but also creates local business opportunities.
The start of environmental awareness also promotes the development of electric bicycles. The report pointed out that Giant bike, a bicycle manufacturer, has made profits from electric bicycles this year approaching that of traditional bicycles. Merida's bike has a similar trend. Sales of electric bicycles are expected to grow to 200,000 units this year. In particular, although the number of bicycles sold by Merida did not increase in the first half of the year, its annual turnover increased by 1.11% thanks to the sales of electric bicycles. According to statistics from the Statistics Department of the Ministry of Economic Affairs, in 2018, the output value of Taiwan electric bicycles exceeded NT$10.9 billion, with an annual growth rate of 50.2%.
As the second-largest bicycle show in the world, the Taipei International Bicycle Show presents the development trend of the international bicycle industry and Taiwan manufacturing and R&D advantages.
At the 2018 Taipei International Cycle Show, the "Taipei Cycle+ Smart Riding Pavilion" was set up to showcase smart application technologies, including smart wearable devices, related system services, and integration, and of course, bicycles with cutting-edge technologies. In 2019, the "Special Zone for Electric Vehicles and Motor Systems" was established, attracting more than 50 manufacturers to enter, exhibiting related parts such as charging equipment, batteries, and electronic control systems.
Showcase Terrace Bay's powerful R&D technology! Taipei International Bicycle Show will start strongly next year
The Taiwan Bicycle Association stated that Taiwan’s bicycle industry has always had strong design and R&D capabilities, and the unit prices of high-end models continue to hit new highs. The E-bike market has gradually matured, with diversified prices, which is conducive to the development of the manufacturing chain.
The 2020 Taipei International Bicycle Show will be held in March at the Taipei World Trade Center Nangang Exhibition Hall. The organizer Taiwan External Trade Development Council will set up a zone for electric bicycles and motor systems, a zone for smart riding, a zone for startups, and cycling services. The exhibition area, the joint exhibition area of European brands, Italy, Japan, South Korea, and other multinational exhibition areas are expected to attract more than 4,000 booths, and the proportion of foreign exhibitors exceeds 25%. This is the most international exhibition event in Taiwan.