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TAIWAN AIMS TO TAKE LION'S SHARE OF GLOBAL HIGH-END BICYCLE MARKET.(Industry overview)
TAIPEI, May 1 Asia Pulse - Taiwan is projected to capture 60 per cent of the world's market for expensive bicycles by 2012, a 240 per cent expansion within a five-year period, said the Ministry of Economic Affairs (MOEA) Wednesday.
At present Taiwan possessed about 25 per cent of the global market for high-end bikes, selling 2.5 million of the 5.3 million total units exported worldwide, said Tseng Farn-hann, a senior official of the MOEA's Industrial Development Bureau (IDB).
"By 2012, we plan to capture 60 per cent of the market by boosting all of our bike makers into high-end ones,Tseng noted.
At the beginning the 21th century, Taiwan's bicycle manufacturers have either moved operations to China or shut down due to competition from the mainland in the low-end bicycle market.
To survive, Taiwanese bike manufacturers have steadily switched to making upscale bikes, which cost around US$250 or more.
This has helped upgrade Taiwan's once-ailing bicycle industry.
The industry has also launched A-Team, a non-profit organization made up of 11 local bike makers, to incorporate advanced car ...
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