"This year is definitely the peak of production for shared bikes. I expect output will drop next year when there are enough bikes," said Liu Xuequan, director of the bicycle industry association in Tianjin, China's largest bicycle manufacturing base.
But there is also great room for development for the bike-making industry, said Liu.
A bicycle's service life is around two years if five users ride it each day.
"There are at least 10 million bikes that need repairs or replacement every year," said Liu.
According to a report from Beijing-based BigData Research, by the end of 2016, there were 18.86 million users of shared bicycles, and the number is expected to expand to 50 million by the end of this year.
The fast growth of bike sharing has dealt a blow to the traditional bike market, said Liu.
"There is a wax and wane effect. The bike-sharing business is getting bigger, but the traditional bike sellers are faced with great difficulty," Zhang said.
"When a person can ride a bike without having to worry about where to park it, or whether it will be stolen, there is little desire to own a bike of one's own," Zhang said.h In the bike-making industry as a whole, there is certain overcapacity, Liu said.
"The big companies are doing reasonably well at this stage, but the smaller ones are definitely suffering," he said.
Dozens of small and medium bike-makers have quite a few orders, Liu said.
【国际英语资讯:China Focus: Sharing apps shake up Chinese bike manufacturers】相关文章:
★ 用社交媒体选股
★ 重稀土获矿商青睐
★ 三只小猪和大灰狼
最新
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15