In 2024, the total output of China’s bicycle industry stood at 99.537 million units, a year-on-year increase of 0.4%, achieving steady growth in production throughout the year.
This information was learned by the reporter on the 6th at the 2025 China International Bicycle Exhibition. Held in Shanghai, this exhibition focuses on showcasing China’s new bicycle products and the new development trends of the industry.
“Foreign trade exports of bicycles have stabilized at the bottom, providing strong support for the growth of annual output,” said Zheng Xiaoling, spokesperson of the China Bicycle Association. In 2024, China’s bicycle exports reached 47.814 million units, a year-on-year increase of 20.7%; the export value was approximately 2.664 billion US dollars, a year-on-year increase of 3.7%. Exports of electric bicycles amounted to 4.672 million units, up 12% year-on-year; the export value was about 2.1 billion US dollars, a year-on-year increase of 6%.
Zheng Xiaoling stated that driven by the “cycling boom“, the consumption of mid-to-high-end sports bicycles in China’s domestic market saw significant growth in the first half of 2024. Sales of mid-to-high-end products under independent brands increased by 20% year-on-year. In addition, well-known international brands accelerated their layout in the Chinese market, setting up specialty stores in major cities to expand market sales. The annual import volume of competitive bicycles rose by 12.5% year-on-year. “The proportion of mid-to-high-end electric bicycle models has reached 19.1%, and intelligent and fashionable products have greatly improved the user experience,” Zheng Xiaoling said.
In August 2024, the Ministry of Commerce and other departments issued an implementation plan to promote the trade-in of old electric bicycles for new ones. “This is the first time that a national-level policy on the trade-in of old electric bicycles for new ones has been introduced. It further stimulates market vitality, forms a linkage effect through government subsidies and enterprise concessions, and accelerates the phase-out of old and non-standard vehicles,” Zheng Xiaoling noted.
