The 2023 Taipei Int’l Cycle Show & TaiSPO attracted a surge of returning foreign buyers after Covid-era border restrictions were lifted, exceeding expectations.
Approximately 70% of regular foreign customers attended, and forums during the first three days were full. The event drew 5,400 buyers from 81 countries and 20,000 domestic visitors, a 71% increase compared to last year.
Two main topics were inventory challenges and sustainability, with a focus on e-bikes, e-cargo bikes, light e-road bikes, and gravel bikes. Digesting inventory is expected to take at least another year for mid-/low-end bikes and five months for high-end bikes. Despite a challenging outlook for the global bicycle industry, TBA Chairman Robert Wu’s “CYCLENOW” proposal aims to boost competitiveness.
Exhibitors emphasized sustainability, environmental protection, and recycling, with the BAS alliance, led by Giant, promoting sustainability. Forums on sustainable innovation and movement technology attracted over 400 attendees, while the “Sustainable Supply Chain Principles Event” encouraged companies to adjust their supply chains for maximum environmental benefit.
E-bikes emerged as a fast-growing mainstream bike type, attracting automotive, motorcycle, and high-tech companies. The Taipei Cycle Show showcased cargo bikes and related parts, helping buyers find suitable supply chain vendors in Taiwan. Additionally, foreign buyers showed increased interest in e-bikes and related products, particularly among European visitors.
The 2024 Taipei Cycle will be held March 6-9, 2024.