The total output of the bicycle industry in China is expected to reach nearly 100 million units in 2024.

Xinhua News Agency, Shanghai, May 6 (Reporter Ye Haoming) In 2024, the total output of the entire bicycle industry in China was 99.537 million units, an increase of 0.4% year-on-year, achieving stable growth throughout the year.

This was learned by reporters on the 6th from the 2025 China International Bicycle Exhibition. The exhibition was held in Shanghai, showcasing new products and new trends in the development of China's bicycle industry.

"China's bicycle exports have bottomed out and stabilized, providing strong support for the growth in total production for the year," said Zheng Xiaoling, a spokesperson for the China Bicycle Association. In 2024, China's bicycle exports reached 47.814 million units, an increase of 20.7% year-on-year; the export value was approximately 2.664 billion US dollars, an increase of 3.7% year-on-year. The export volume of electric bicycles was 4.672 million units, an increase of 12% year-on-year; the export value was approximately 2.1 billion US dollars, an increase of 6% year-on-year.

Zheng Xiaoling said that driven by the "cycling craze", the consumption of mid-to-high-end sports bicycles in China's domestic market increased significantly in the first half of 2024, with sales of mid-to-high-end products of domestic brands growing by 20% year-on-year. In addition, international well-known brands accelerated their market layout in China, setting up specialty stores in major cities to expand market sales. The import volume of competition bicycles increased by 12.5% year-on-year throughout the year. "The proportion of mid-to-high-end models of electric bicycles has reached 19.1%, and intelligent and fashionable products have greatly enhanced the user experience," Zheng Xiaoling said.

In August 2024, the Ministry of Commerce and other departments issued an implementation plan for promoting the trade-in of old electric bicycles for new ones. "This is the first time that the state has issued a policy for the trade-in of old electric bicycles for new ones, further stimulating market vitality. Through the combined effect of government subsidies and corporate concessions, it accelerates the elimination of old and non-standard vehicles."