Using the Patent Analysis to Examine the Future Development Trend of the Life Cycle of Taiwan’s Fitness Equipment and Bicycle Industries
Global J. Bus. Soc. Sci. Review 6 (1) 37 – 43 (2018)
7 Pages Posted: 13 May 2018
Date Written: February 24, 2018
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.
Keywords: Patents; M-Trends; Fitness Equipment Industry; Bicycle Industry; Taiwan
JEL Classification: L62, Z23
Suggested Citation: Suggested Citation