Italian Bicycle Market Gradually Recovers
According to the latest market data from ANCMA,total sales in Italy decreased by 23%year-on-year in 2023.However,industry experts
believe that increased bicycle purchasing activity in the first few months of 2024 indicates initial signs of market recovery.Most businesses
in Italy operate in the high-end market,making it more stable compared to other countries.The growth drivers particularly noted are the
road bike,gravel bike,and electric bike markets.
San Francisco Proposes Rebate Program to Stimulate E-Bike Consumption
Recently,Aaron Peskin,President of the San Francisco Board of Supervisors,announced a proposal for a discount program for e-bikes in
San Francisco.This program will offer discounts for approved e-bikes and will be managed by the San Francisco Department of the
Environment.It aims to reduce expenses for residents,encourage more people to use e-bikes,improve air quality,and reduce traffic congestion.
Australian Bicycle Market Heavily Reliant on Imports
Significant Share of Children's Bicycle Sales
Australia's bicycle import and export market has historically faced a substantial trade deficit,heavily relying on imports from Asian
countries such as China(mainland and Taiwan).However,the trade deficit has gradually narrowed in recent years.Over the past decade,the
import ratio of adult to children's bicycles has remained around 6:4 to 7:3,highlighting the significance of the children's bicycle market in
Australia.
Four National Departments Jointly Issue Document to Strengthen Electric Bicycle Product Access and Industry Standards Management
Recently,the State Administration for Market Regulation,Ministry of Industry and Information Technology,Ministry of Public Security,and
National Fire Rescue Administration jointly released a document titled"Announcement on Strengthening Electric Bicycle Product Access and
Industry Standards Management."This announcement includes requirements for product certification,vehicle registration,and quality safety
standards for electric bicycles,indicating the government's push for a comprehensive safety risk management initiative in the electric bicycle
sector.
Taiwan Bicycle Association TBA Reports Significant Decline in E-Bike Exports
The latest export statistics from the Taiwan Bicycle Association(TBA)show that from January to August,e-bike export value decreased by
47.8%,dropping from$919.5 million in 2023 to$479.9 million in 2024.The decline in ordinary bicycle exports is even more pronounced,with a
drop of about 60%,from$9.6 million in 2023 to$3.8 million in 2024.