Stromer reports growth despite cycling industry headwinds
OBERWANGEN, Switzerland - Despite overall stagnant or declining markets in Europe, myStromer AG, parent company of premium e-bike brands Stromer and...
OBERWANGEN, Switzerland - Despite overall stagnant or declining markets in Europe, myStromer AG, parent company of premium e-bike brands Stromer and...
HELSINKI, Finland - Vapaus Bikes Finland Oy, has secured a €15 million loan to drive growth and international expansion in the employee benefit bikes...
OSAKA, Japan - The financial consequences of high inventory in the market accelerated in the fourth quarter of last year for bicycle and parts...
STOCKHOLM, Sweden- For the bicycle industry 2023 has been a tough year with over-supply and full warehouses clashing with a dropping consumer demand....
BIELEFELD, Germany - In the aftermath of the announced insolvency, no offers have been made for the Internetstores Group as a whole, an interim...
AMSTERDAM, the Netherlands - The QWIC administrator has reached an agreement with a consortium of investors for a restart. This was announced by...
PRAGUE, Czech Republic - Early in 2023, the Czech market already reported full warehouses and uncertain sales conditions. This pattern continued...
ZEIST, the Netherlands - "The market is returning back to a normal situation of pre-2020." This is a much heard comment on the current disruption of...
AMSTERDAM, the Netherlands - The Dutch market saw a slight decrease of 6% from 833,366 units in 2022 to 804,101 units last year. Thanks to a higher...
LONDON, United Kingdom - In contrast to other European markets, where declines in unit sales could be offset against higher sales values, this can't...
LUDHIANA, India - Indian bicycle OEM HMC Hive, a Hero Motor Company, has forayed into contract manufacturing with the signing of a €33 million...
WELS, Austria - Pierer Mobility Group warns for more consolidations and job losses in its bicycle and e-bike division in the year ahead in its...
MALLABIA, Spain - How deeply bike manufacturer Orbea S. Coop. is rooted in its home country, visitors realise immediately on arrival: the first...
SCHIPHOL, the Netherlands - The former Yamaha Europe Vice-President, Olivier Prévost succeeds Eric de Seynes as President and CEO of Yamaha Europe as...
TAICHUNG, Taiwan - Operating a production facility in Taiwan and Vietnam, plus service centers in Italy and the United States, Glory Wheel (GW) has...
TAICHUNG, Taiwan - In 2022 and 2023, the Marwi Group embarked on a journey towards environmental sustainability. "We are ambitious," says Marwi Group...
The Taipei International Cycle Show is always a good moment to take stock of the market situation, but this year 'Taipei' prepares the business to...
BRUSSELS, Belgium - The European Parliament's Transport Committee and EU ambassadors adopted the European Declaration on Cycling during a meeting on...
Sustainability is becoming increasingly integrated into business practices in the bicycle industry. Be it at a manufacturing, distribution or company...
In a competitive market, drive system manufacturers have focused on various strategies during 2023. Development has focused on both an optimal riding...
In recent years an increasing number of bicycle companies have opted for close to market production in Europe. Spurred on by the need for a...
The European bicycle market ended up in the inevitable correction phase after the corona related sales boom. It goes without saying that this...