As of 2023, China imported a significant volume of lighting or signalling equipment used on bicycles. In the forecasted period from 2024 to 2028, there is a noticeable and consistent decline in the import volumes. From 2024 to 2025, the import volume decreases by approximately 24.47%, followed by a 31.77% drop from 2025 to 2026. The trend continues with a 45.49% fall in 2027 and an 81.81% decrease by 2028. The compound annual growth rate (CAGR) over the 2024-2028 period indicates a sharp contraction in imports.
Future trends to consider include:
- Potential shifts toward domestic production to meet local demand.
- Increasing focus on sustainability and electric bicycle adoption.
- Possible impact of international trade policies and tariffs on import volumes.
