July 5, 2022

With a rise in want for journey, effectivity comes a blow-out to a completely totally different nook of the market – and Taiwan has some numbers to bounce to the forefront.

In accordance with a report from TaipeiTimes, the Ministry of Financial Affairs (MEA) has launched that the two-wheeled {industry} is booming in all one of the best methods.

The worth improve of the motorbike and scooter spare elements {industry} was measured from 2012 to 2020 and confirmed a beefy 5.2 annual improve fee throughout the board.

Report highs have been logged in 2019, with the output worth of the primary quarter alone reaching a median of USD$1.29 billion. As if that weren’t all, the top of the 12 months noticed the spare elements {industry} worth balloon out to a mind-boggling USD$4.4 billion. 

2020 noticed a good bigger improve, hitting USD $4.7 billion by the top of the 12 months, regardless of ongoing restrictions. 

an employee working on a motorcycle on a factory floor

The general improve in {industry} worth can be apparently because of the explosion of exports in each gas-powered and electricity-powered bikes and scooters and the sale of ebikes. 

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Some additional specs for the {industry}:

2020

  • The manufacturing worth of gas-powered bikes and scooters rose 27.8%, in comparison with 2019.
  •  The manufacturing worth of electric-powered scooters rose 29.8%, in comparison with 2019.
  • The 2 fundamental receivers of Taiwan exports for bikes and spare elements have been the Netherlands and the US (Beforehand, Japan).
  • Exports to the Netherlands reached USD $480 million, up 29.8%, in comparison with 2019.
  • Exports to the US reached USD $400 million, up 20.7%, in comparison with 2019.
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For extra industry-related information, head over to WebBikeWorld.