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2017-04-03
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20 million shared-bikes expected to come in China

¡iĶ¤å¡jAt the factory of the time-honored bicycle manufacturer Flying Pigeon, the production lines were going full throttle-having gone through an assembly line from the components of the wheel to the frame with several tens of meters long, the production of a brand-new shared-bike was almost complete. Being a new form of "internet plus traffic" industry, the booming bike-sharing services not only facilitate people's traveling of the "last kilometre", but also inject impetus to the development of the traditional bike-making industry.

Tianjin to produce 10 million

The director of the Tianjin Municipal Bicycle Industry Association Liu Xuequan said that he had been engaging in the bicycle industry for his lifetime but could hardly image it would have evolution like nowadays. Since the first half of last year until now, there have been 29 different bike-sharing suppliers in the market with a total of three million shared-bikes being put into operation. "This is bringing some momentum to the traditional bicycle manufacturing industry," said Liu.

As the largest bicycle manufacturing base in China, some sizable enterprises such as Flying Pigeon, Fushida and Aima have been involved in the design and production of shared-bikes and benefiting from this emerging industry. According to the Tianjin Municipal Bicycle Industry Association, over two million bikes were produced in the first two months this year, and the number is expected to reach 10 million at the end of 2017.

A report issued by a third party market consultancy BigData-Research estimated that there were 18.86 million shared-bicycle users at the end of 2016, and the number might greatly expand to 50 million by the end of this year.

Insider: will displace ordinary bikes

However, the rapid growth of bike-sharing might pose a threat to the traditional bike market. It is predicted that shared-bikes will gradually displace ordinary bicycles used by city dwellers, and the total market demand for bicycles will tend to decline in the future. The situation would be especially challenging for small and medium-sized firms with limited research and development capability and few orders from bike-sharing companies.

When small and medium bike-makers are suffering, some of them start to seek cooperation with big enterprises and some consider having negotiation with bike-sharing providers, but it is still hard to achieve favourable outcomes.

Compared with the spawning industry, most traditional bike sellers are having difficult times boosting up their business. "Shared-bikes are found everywhere. We can hardly find a potential bicycle buyer nowadays and even no sales are recorded in weeks," a salesperson told the reporters.

On the other hand, some people are optimistic about the future of the bike-sharing services. Liu said that based on the current scopes covered by the bike-sharing industry, the demand of shared-bikes in China would be estimated at around 20 million." A bike has a two-year service life on average if five users ride it per day; consequently, at least 10 million bikes would need repairs each year and a great market of maintenance services would hence be created," said Liu.¡½Ãe¹Å»ö

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