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Bicycle Manufacturing in China Industry Data and Analysis
Over the five years through 2024, revenue for the Bicycle Manufacturing industry in China is expected to decrease at an annualized 5.1%, to total $9.6 billion. The main drivers of industry growth have been increasing domestic and overseas demand, particularly for the high-end market, and the bicycle sharing sector. In 2024, industry revenue is expected to grow by 5.9%.Exports account for a large share of industry revenue. In 2024, exports are expected to account for 81.3% of total revenue. Gradual product upgrading and popularity of high-end bicycles benefit growing profitability over the past few years. In 2024, average industry profit is estimated to account for 4.0% of total revenue.Industry revenue is forecast to grow at an annualized 4.0% over the five years through 2029, to $11.6 billion. Demand for bicycles will continue to depend on the bicycle sharing sector, product innovation, domestic income levels, the development of export markets, substitution effects from competing industries, and consumer attitudes toward bicycles.Standard bicycles are the industry's most popular products in the domestic market. Shared bicycles in China were only introduced in recent years. However, due to rising incomes and changing Chinese consumption patterns, medium- and high-end bicycles are projected to become the industry's major product segments over the next five years. Bicycles will no longer just be an alternative vehicle for cars or buses, but a means for exercise and showing one's environmental consciousness.
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What's included in this industry analysis
IBISWorld's research coverage on the Bicycle Manufacturing industry in China includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released July 2025.
About this industry
What's this industry report about?
The Bicycle Manufacturing industry in China operates under the industry code 3741. The Bicycle Manufacturing industry in China manufactures bicycles, wheelchairs and similar products, and their components. Mopeds with motors, toy carts for children, and bicycle repairing activities are not included in this industry. Related terms covered in the Bicycle Manufacturing industry in China include tandem bicycle, moped and mountain bike.
What's included in this industry?
Products and services covered in Bicycle Manufacturing industry in China include Standard bicycles, Mountain bikes and Cross-country bicycles.
What companies are included in this industry?
Companies covered in the Bicycle Manufacturing industry in China include Giant (China) Co., Ltd., Shimano (Singapore) Private Limited and Tianjin FUJI-TA Bicycle Industrial Co., Ltd.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Bicycle Manufacturing industry in China.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Bicycle Manufacturing industry in China.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Bicycle Manufacturing industry in China.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Bicycle Manufacturing industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Bicycle Manufacturing industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Bicycle Manufacturing industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Bicycle Manufacturing industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Bicycle Manufacturing industry in China.
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Frequently Asked Questions
What is the market size of the Bicycle Manufacturing industry in China in 2026?
The market size of the Bicycle Manufacturing industry in China is $9.6bn in 2026.
How many businesses are there in the Bicycle Manufacturing industry in China in 2025?
There are 606 businesses in the Bicycle Manufacturing industry in China, which has declined at a CAGR of 2.5 % between 2020 and 2025.
How may import tariffs affect the Bicycle Manufacturing industry in China?
The Bicycle Manufacturing industry in China is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Bicycle Manufacturing industry in China?
The Bicycle Manufacturing industry in China is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Bicycle Manufacturing industry in China grown or declined over the past 5 years?
The market size of the Bicycle Manufacturing industry in China has been declining at a CAGR of 5.1 % between 2020 and 2025.
What is the forecast growth of the Bicycle Manufacturing industry in China over the next 5 years?
Over the next five years, the Bicycle Manufacturing industry in China is expected to grow.
What are the biggest companies in the Bicycle Manufacturing industry in China?
The biggest companies operating in the Bicycle Manufacturing industry in China are Giant (China) Co., Ltd., Shimano (Singapore) Private Limited and Tianjin FUJI-TA Bicycle Industrial Co., Ltd.
What does the Bicycle Manufacturing industry in China include?
Standard bicycles and Mountain bikes are part of the Bicycle Manufacturing industry in China.
Which companies have the highest market share in the Bicycle Manufacturing industry in China?
The company holding the most market share in the Bicycle Manufacturing industry in China is Giant (China) Co., Ltd..
How competitive is the Bicycle Manufacturing industry in China?
The level of competition is high and steady in the Bicycle Manufacturing industry in China.
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