China Sees Launch of Hundreds of New Bike Brands in 2013

[AUbicycles]

Interesting report about the Chinese market - for 'homegrown' brands.

BEIJING, China - An increasing number of people in China are discovering that riding a bike could be fun and healthy ; especially for those in cities like Beijing, Shanghai, Guangzhou and Shenzhen. As market demand for bicycles is expanding rapidly an estimated 100 to 200 new brands rolled into the Chinese market in 2013 only.
‘Market volume for sports and recreation bikes rose sharply last year, but was still outpaced by production.’

"The market volume for bicycles, especially for sports and recreation, rose sharply last year, but it was still outpaced by production," says Qiang Jianping, executive of Merida Bicycle (China) Co. in a China Daily report. "China's domestic market reached the ceiling last year and we expect it will cool down in the next one to two years, to come back to normal levels again."

Source: Bike Europe