The bicycle industry is still actively improving in the face of complex situations

The latest news from the international bicycle industry shows that despite facing global challenges such as supply chain issues and economic fluctuations, the industry as a whole shows adaptability and growth potential.

Firstly, according to reports, the production of European and American bicycle manufacturers has been affected by component shortages, indicating that the global bicycle supply chain is under pressure. Especially the delivery time for high-end parts has been extended to 400 days, which has had a significant impact on the production plans of bicycle manufacturers.

Meanwhile, the Chinese market is increasingly important in the international bicycle industry. According to the report, China's bicycle industry will be popular in overseas markets in 2021. Although the current Russia-Ukraine conflict has pushed up commodity prices, significantly intensified global inflation, and slowed down the high demand in the bicycle market, China's bicycle industry's exports still show new opportunities.

For example, the United States has exempted tariffs on some bicycle products, which is beneficial for the expansion of China's bicycle exports. In addition, the effective implementation of the Regional Comprehensive Economic Partnership (RCEP) is expected to further stimulate the export vitality of China's bicycle industry.

In terms of product innovation, according to reports, the grade and added value of Chinese bicycle products have further improved, with a significant increase in the production of bicycles priced over 1000 yuan. The development of lightweight, lithium-ion, and intelligent electric bicycle products is rapid. These trends indicate that the Chinese bicycle industry is actively adapting to market demand and enhancing product competitiveness through technological innovation.

In terms of domestic and foreign policies, the Chinese government has introduced a series of policies to promote the development of the bicycle industry. For example, according to the "Twelfth Five Year Plan" and "Light Industry Development Plan" of China's bicycle industry, policies were introduced before 2019 to expand the demand for electric bicycles in the market. In addition, the implementation of the national "dual carbon" policy has also had a positive impact on the bicycle industry, encouraging green and low-carbon modes of transportation.

Abroad: In order to promote the use of bicycles and the development of the bicycle industry in various countries, the European Union has announced the European Bicycle Declaration, which includes new special funds and policy support. In addition, according to the Vienna Declaration and the first Pan European Cycling Master Plan, ministers and representatives from 56 European countries have adopted these policies aimed at promoting the development of transportation systems towards cleaner, safer, healthier, and more sustainable directions.

The introduction and implementation of these policies not only promote the development of the bicycle industry, but also encourage the public to adopt more environmentally friendly and healthy modes of transportation, while also driving related infrastructure construction and technological progress. With the global emphasis on environmental protection and sustainable development, it is expected that the bicycle industry will continue to receive policy support and promotion in the future.

In summary, the international bicycle industry is experiencing a series of challenges, but at the same time, it has also ushered in new development opportunities. The Chinese market plays an important role in it, demonstrating strong market potential and export competitiveness through technological innovation and favorable policies.