WBIA And WFSGI Co-host Webinar Bicycle Market Outlook

  The new crown epidemic has led to a sharp increase in bicycle consumption demand and the number of times of use, which has imposed huge restrictions on the bicycle supply chain. International electric bicycles and bicycle manufacturers are the first to bear the brunt. Industry leaders will present insights on many aspects in this webinar, including current supply source constraints, forward-looking trends, forecasts of future demand, and preparations for normalcy in the future. At the same time, they will also share the vision of structural and sustainable growth of the bicycle industry.

WBIA’s official announcement in the webinar pointed out, “As the COVID-19 crisis continues to accelerate, the bicycle industry is facing new challenges. The epidemic has ignited a huge spark for bicycle consumption and use. We are experiencing a bicycle boom. The epidemic and lockdown measures Drive bicycles more convenient in transportation, health and fitness and entertainment. Under the catalysis of political power, many countries have accelerated infrastructure development, and adopted incentives and financial subsidies for the use and maintenance of bicycles. Our demand far exceeds supply. Capability. This has caused huge supply chain disruptions and loss of customers."