China Bicycle Handicapped Vehicle Market Report

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CHINA BICYCLE &

HANDICAPPED

VEHICLE MARKET

REPORT

Beijing Zeefer Consulting Ltd.

November 2011



I N T R O D U C T I O N

This report discusses the bicycle & handicapped vehicle market in China

mainly from the following sections.

- Size of Bicycle & Handicapped Vehicle Market in China

Based on Zeefer's China Market Size Formula, by the analysis on China

bicycle & handicapped vehicle market size, industry sales revenue and

domestic bicycle & handicapped vehicle output in 2008 - 2010, this report

presents a picture of the real development of bicycle & handicapped vehiclemarket in China and changes in the overall market size.

- Hot Areas of China Bicycle & Handicapped Vehicle Market

Based on the comparison and analysis on China's bicycle & handicapped

vehicle production and import in different provinces or cities, this report

points out those hot areas in China for bicycle & handicapped vehicle market

deserve most attention.

- Top 10 Enterprises in China Bicycle & Handicapped Vehicle Industry

Based on the comparison and analysis on top 10 leading enterprises in China

bicycle & handicapped vehicle industry in terms of sales revenue, market

share and number of employees, the report shows their positions in the

bicycle & handicapped vehicle market in China. Additionally, this report lists

basic contact information of the top 10 leading enterprises.

- Market Share and Market Structure of China Bicycle & HandicappedVehicle Market

This report analyzes the bicycle & handicapped vehicle market share

distribution in China by segments based on enterprises nature (leading

enterprises, foreign enterprises, state-owned and private enterprises), imports

of bicycle & handicapped vehicle product and regional markets in China in

terms of sale revenue, profitability, production volume, number of enterprises

and the value of imports... The report offers data on the market shares ofimported bicycle & handicapped vehicle products, foreign enterprises and



enterprises in other forms. It also offers a comparison of profitability by forms

of enterprise ownership, presents a picture of the market share of leading

enterprises and the distribution of major regional markets in China. In

addition, the report figures out the structure and concentration ratio of the

current bicycle & handicapped vehicle market in China by means of Bain's

Market Structure Classification and Index of CR4.

- Import and Export of Bicycle & Handicapped Vehicle Products

In this section, the report includes the main source countries / regions of

imported bicycle & handicapped vehicle products for China and their market

shares, the domestic destinations of imported bicycle & handicapped vehicle

products in China and shares for these destinations, major export destinations(countries or regions) for Chinese produced bicycle & handicapped vehicle

products and shares of these destinations, major origins of the exported

bicycle & handicapped vehicle products and their shares.

- Bicycle & Handicapped Vehicle Industry Standards in China

The report lists relevant national standards and/or industrial standards

concerning bicycle & handicapped vehicle products generally accepted in the

bicycle & handicapped vehicle industry in China, including standard names

both in Chinese and English as well as their unified code numbers.

- Major Bicycle & Handicapped Vehicle Importers in China

The report lists 10 major importers for bicycle & handicapped vehicle

products in China and provides their contact information such as company

name, address, website, telephone number and fax number.

- Summary on Key Statistics of the Bicycle & Handicapped VehicleIndustry in China

Based on the concise analysis on the sales revenue, production volume,

number of enterprises, total profit, total loss, total assets, return on the asset

and profit margin as well as other key statistics, China Bicycle &

Handicapped Vehicle Market Report presents the current situation, the

growth rate and profitability of the bicycle & handicapped vehicle industry in

China.



D E C L A R A T I O N

Beijing Zeefer Consulting Ltd. and (or) its affiliates (hereafter, "Zeefer")

provide this report with the greatest possible care. Nevertheless, Zeefer makes

no guarantee whatsoever regarding the accuracy, utility, or certainty of the

information in this report. Further, Zeefer disclaims any and all responsibility

for damages that may result from the use or non-use of the information in this

report.

The information in this report may be incomplete and/or may differ in

expression from other information in elsewhere by other means. The

information contained in this report may also be changed or removed without

prior notice.



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C O N T E N T

CHAPTER 1 PRODUCT DEFINITION.................................................................1

CHAPTER 2 MARKET SIZE ...................................................................................3

2.1 ANALYSIS ON THE BICYCLE & HANDICAPPED VEHICLE MARKET

SIZE...........................................................................................................................3

2.2 ANALYSIS ON THE CHANGES IN BICYCLE & HANDICAPPED

VEHICLE PRODUCTION VOLUME IN RECENT YEARS..............................5

2.3 AN OVERVIEW ON CHINESE ECONOMY................................................6

CHAPTER 3 HOT SPOTS FOR BICYCLE & HANDICAPPED VEHICLE

PRODUCTS ACROSS CHINA.............................................................................10

CHAPTER 4 INDUSTRY OVERVIEW................................................................12

4.1 A SUMMARY ON THE INDUSTRY............................................................12

4.2 AN ANALYSIS ON THE PROFITABILITY OF THE INDUSTRY...........13

CHAPTER 5 ANALYSIS ON IMPORT & EXPORT .........................................16

5.1 AN OVERVIEW ON THE IMPORT & EXPORT........................................16

5.2 A DETAILED ANALYSIS ON IMPORT & EXPORT OF BICYCLE &

HANDICAPPED VEHICLE PRODUCTS .........................................................18

5.2.1 ANALYSIS ON MAJOR COUNTRIES OF ORIGIN FOR THEIMPORTED BICYCLE & HANDICAPPED VEHICLE PRODUCTS ...........18

5.2.2 ANALYSIS ON THE MAJOR FLOW DESTINATIONS INSIDE

CHINA ................................................................................................................20

5.2.3 ANALYSIS ON MAJOR EXPORT DESTINATIONS...........................21

5.2.4 ANALYSIS ON MAJOR ORIGINS IN CHINA......................................22

CHAPTER 6 THE MARKET SHARE...................................................................24

6.1 ANALYSIS ON THE CONCENTRATION OF CORPORATE SALES

REVENUE ..............................................................................................................24

6.1.1 ANALYSIS ON THE CONCENTRATION OF SALES REVENUE

FROM LEADING ENTERPRISES ...................................................................24

6.1.2 COMPARATIVE ANALYSIS ON SALES REVENUE FROM TOP 10

ENTERPRISES WITH INDUSTRY AVERAGE..............................................26

6.2 ANALYSIS ON THE CONCENTRATION BY AREA IN TERMS OF THE

MARKET SHARE..................................................................................................28

6.2.1 ANALYSIS ON CONCENTRATION OF REGIONAL SALES

REVENUE ..........................................................................................................28

6.2.2 ANALYSIS ON THE CONCENTRATION OF REGIONAL

PRODUCTION VOLUME................................................................................29

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6.3 MARKET POSITION OF FOREIGN ENTERPRISES AND THE TREND

IN RECENT YEARS..............................................................................................31

6.3.1 CHANGES IN THE SHARES OF FOREIGN ENTERPRISES IN

TERMS OF THE NUMBERS AND THE COMPARISON OF FOREIGN

ENTERPRISES AND ENTERPRISES OF OTHER OWNERSHIP ...............31

6.3.2 CHANGES IN THE SHARES OF SALES REVENUE FROM FOREIGN

ENTERPRISES AND COMPARISON WITH THAT FROM ENTERPRISES

OF OTHER OWNERSHIP ................................................................................33

6.3.3 PROFITABILITY OF FOREIGN ENTERPRISES AND COMPARISON

WITH ENTERPRISES OF OTHER OWNERSHIP .........................................35

6.4 ANALYSIS ON THE MARKET SHARE OF IMPORTED PRODUCTS

AND RELEVANT VARIATIONS IN RECENT YEARS..................................37

CHAPTER 7 TOP 10 ENTERPRISES ...................................................................39

7.1 GIANT (CHINA) CO., LTD...........................................................................39 7.2 HL CORP (SHENZHEN) ...............................................................................39

7.3 SHIMANO (KUNSHAN) BICYCLE COMPONENTS CO., LTD.............40

7.4 GUANGDONG TIANREN BICYCLE MATERIALS CO., LTD. ..............41

7.5 YONGQI (CHANGZHOU) VEHICLE CO., LTD.......................................41

7.6 CHANGZHOU BRIDGESTONE CYCLE CO., LTD..................................42

7.7 ZHEJIANG LIBAHUANG INDUSTRY & TRADE GROUP CO., LTD...43

7.8 IDEAL (DONGGUAN) BIKE CO., LTD......................................................43

7.9 ACETRIKES BICYCLES (TAICANG) CO., LTD. .......................................44

7.10 JINSHAN DEVELOPMENT & CONSTRUCFION CO., LTD. ...............44

CHAPTER 8 PRODUCT STANDARD SYSTEMS............................................46

CHAPTER 9 LIST OF MAJOR IMPORTERS.....................................................47

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C H A P T E R 3

H O T S P O T S F O R B I C Y C L E &

H A N D I C A P P E D V E H I C L E

P R O D U C T S A C R O S S C H I N A

Figure 5 Nationwide distribution map of bicycle & handicapped vehicle mfg. enterprises

above designated size across China

Jiangsu, Zhejiang and Tianjin are the major production bases for bicycle &

handicapped vehicle in China. From Jan. to Nov. 2010, enterprises engaged in

bicycle & handicapped vehicle production above designated size in the above

1-3 1

4-6 4

7-59 7

60-159 60

160+ 160

Liaoning

Jilin

Heilongjiang

Inner Mongolia

Xinjian

Tibet

Qinghai

Hebei

Shanxi

Jiangsu

Zhejiang

Anhui

Fujian

Jiangxi

Shandong

Henan

Hubei

Hunan

GuangdongGuangxi

Hainan

Sichuan

Guizhou

Yunnan

ShaanxiGansu

Ningxia

Chongqing

Beijing

Tianjin

< 4

15037

< 4

36

178

161

5

4

10

8

< 4

129< 4

< 44

Shanghai

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31 Beijing Zeefer Consulting Ltd.


6.3 MARKET POSITION OF FOREIGN

ENTERPRISES AND THE TREND IN RECENT

YEARS

6.3.1 CHANGES IN THE SHARES OF FOREIGN

ENTERPRISES IN TERMS OF THE NUMBERS AND THE

COMPARISON OF FOREIGN ENTERPRISES AND

ENTERPRISES OF OTHER OWNERSHIP

Figure 18 Changes in the percentage of numbers of foreign bicycle & handicapped

vehicle mfg. enterprises across China and the comparison of foreign enterprises and

enterprises of other ownership

2008 2009 2010

全国 680 765 728

oreign-funded 261 298 278

of ownership 450

Private 334 389 370 ivate

oreign-funded 261 298 278nded

ctively-owned 18 17 14

Others 67 61 66

Private 49% 51% 51%

oreign-funded 38% 39% 38%

ctively-owned 3% 2% 2%

Others 10% 8% 9%

Percentage of foreign enterprises

in terms of the number of

enterprise s in 2010

38.19%

61.81%

Foreign-funded Others type of ownership

Changes in the percentage of

numbers of foreign-funded

enterprises

51%51%49%

38%39%38%

2%2%3%9%8%10%

2008 2009 2010

Private Foreign-funded

Collectively-ow ned Others

In 2010, among the 728 bicycle & handicapped vehicle mfg. enterprises above

designated size across China, 278 are foreign enterprises, accounting for about

a share of 38.19% of all. In terms of the number of enterprises, there were 20

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