China Bicycle Market Top Key Players – Dahon, Flying Pigeon, Atala spa, 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., Gia

The China Bicycle market is estimated to be US $ XX billion in 2020 and is expected to grow at a rate of XX% CAGR by 2026. The main factor in increasing the demand and distribution of the bicycle market is the integration of new technologies with existing frameworks.

The company works with large and multinational companies to provide workers living near the factory grounds with bicycles as needed, using bicycles in the factory, from one end to the other. Allows you to move to the edge of many new startups use electric bicycles as a means of transportation in urban areas, which is an advantage as large vehicles take a lot of time due to traffic jams. This also leads to a reduction in overall travel costs.

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CHINA BICYCLE MARKET DYNAMICS

• The China bicycle market is full of opportunities for both traditional and non-traditional models of production and development of bicycles. Non-traditional bicycles are more in demand in the present scenario in developed countries because of their greater stability and flexibility, and less human effort required to move from one place to another.

• Corporate culture also encourages employees to travel by bicycle if they live nearby or if the plant area is large, so that the factory location also opens the market for selling large quantities of bicycles. Because China cares about environmental issues and carbon dioxide emissions, this makes China's population more inclined to use bicycles. After the workforce resumed work from the lockdown, commuting bikes became one of the popular methods.

• It is estimated that 20-21% of China's population will use a commuting bicycle from home to work by 2021. E-bikes are gaining popularity among the younger generation as a new concept that uses an electric motor instead of pedal drive to move easily. Cycling races that do not promote carbon dioxide emissions Marathon cycling tourism is becoming a popular culture in the tourism industry.

CHINA BICYCLE MARKET SEGMENTATION

By Product Type
• Road Bicycle
• Hybrid Bicycle
• All terrain bicycles
• E – Bicycle
• Others

By Distribution Channel
• Online Retail
• Offline Retail

By Pricing Range
• Low cost product
• Medium cost product
• High end product
• Customer oriented product

By Business Models
• Business to business (B2B)
• Business to customer (B2C)

IMPACT OF COVID ON CHINA BICYCLE MARKET

• COVID has impacted the workforce, production, development, growth, revenue generation, market models and forecast revenues for many companies. It also reformed market strategies and models, thought culture, governance, hygiene and more to reshape the global business environment.

• After COVID-19, businesses are expected to implement new manufacturing methods and integrate new technologies with existing models to attract and meet the needs of new and existing customers.

• The enterprises overcome the losses due to economic and labor losses, and some enterprises have supported their employees during difficult times, not withdrawing, showing the company's integrity to its employees. It strengthens trust between employers and employees. Meanwhile, while some companies did not, the relationship between a company's employees and employers is paramount to growth, and employee contributions will increase as companies protect them.

KEY PLAYERS OF CHINA BICYCLE MARKET
• Dahon
• Flying Pigeon
• Atala spa
• 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 Bicycles
• Trek Bicycle manufacturing Corporation
• Specialized Bicycle manufacturing Components
• Cannondale Bicycle manufacturing Corporation
• Merida Bicycle manufacturing
• Accell Group

Read More Information: https://mobilityforesights.com/product/china-bicycle-market/

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This release was published on openPR.