TAIPEI, Taiwan, Nov 24 (Bernama-BUSINESS WIRE) — Bicycle manufacturing has long been Taiwan’s standout industry and has earned Taiwan the reputation as “The Bicycle Kingdom.” Nearly 70% of the global mid-to-high-end bicycle demand is fulfilled by Taiwan each year. Every year, Taiwan exports more than two million traditional bicycles globally. Road bike exports have comprised a stable 20-30% in the past few years, while mountain bikes now take up 60% of the exports to the US as mainstream demand is on the rise.
In contrast, due to the increasing popularity of various high-profile cycling events and of leisure riding recently, the demand for road bikes in the European market is almost equivalent to that of mountain bikes, and the Asian market also shows a similar rising trend year by year.