The center of gravity of the world bicycle industry is changing from traditional walking vehicles to sports, mountain and leisure types, in the United States, Europe, Japan and other developed countries, bicycles are a more common sports, fitness, leisure and entertainment products. There is a huge demand for bicycles around the world every year, and statistics from Japan's cyclepress show that the world's demand for bicycles remains at 106 million units, with annual bikes trading at about $5 billion. Due to industrial characteristics and labor cost factors, the global bicycle manufacturing industry has shifted to countries and regions with industrial manufacturing advantages, mainly in China, in the past 15 years. By 2013, China is still the world's largest bicycle production base, the vehicle production plant, spare parts production plant reached more than 500, more than 700, the world's top five major manufacturers are in China.
With the increase of the income level of the people of all countries in the world, the global demand for bicycles will be further expanded, with the further structural upgrading of bicycles, will bring greater profit margins to the participants in the industry, China's bicycle industry will also have a broader development prospects.