Using the Patent Analysis to Examine the Future Development Trend of the Life Cycle of Taiwan’s Fitness Equipment and Bicycle Industries

Objective – This study aims to analyse the current situation of Taiwan's fitness equipment and bicycle industries, to compare their future development. As a result of globalization and the trend of the knowledge economy, patent information can be used to predict the trend of these industries.Methodology/Technique – This study uses M-Trends as a research tool. The scope of the study is the number of patents issued between 1996 and 2015.Findings – The research results show that the technology lifecycle of the fitness equipment and bicycle industries are both mature.Novelty – This study analyzes the life cycle of Taiwan's fitness equipment and bicycle industries through EXCEL, to build a patent figure, and compare the technology life cycle to show Taiwan's fitness equipment and bicycle industries in the technology lifecycle phase.Type of Paper: Empirical