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Wuxi Truckrun Motor Co.,Ltd
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The Global Bicycle Market Will Increase To 3.9 Billion Euros
Nov 22, 2018

      According to a recent survey by industry research institutes in the international market, the increasing popularity of electric bicycles has added new impetus to the global bicycle industry. As far as Taiwan is concerned, electric bicycles have quickly become the main target of the transformation of the bicycle industry in Taiwan. The country’s complete bicycle exports have reached 1.66 million units, an increase of 14.2% compared with the same period in 2017, and the total value of bicycle parts and complete bicycle exports in Taiwan has exceeded 2.55 billion. The global bicycle market will also grow like Taiwan, with a total market share of 3.9 billion euros.