Statistics compiled by IDB showed that in 2004 the island exported about 5.03 million bikes at an average unit price of $164.4.
CENS reports that IDB officials say the global bike sales come in three price segments: " the third level (for commuting purpose) of under US$80, the second level (commuting/ recreational purposes) of US$80 to US$200, and the first level (recreational/racing purposes) of over US$200. About 10% of Taiwan's bike exports belong to the top-end racing models."
IDB has previously helped both Giant and Merida with their carbon fibre programmes. The IDB's A1 project also led to the formation of the 'A-team', an alliance between 20+ companies involved in Taiwan's bike industry.
The A2 project will be focused on the bike-parts sector rather than the complete-bike sector.
Spotter: BOSS Report