Jan-Willem van Schaik

ZEIST, the Netherlands - The imbalance in the supply chain in combination with excess inventory made clear how untransparent the bicycle industry operates once again. For long-time Koga and Accell Netherlands manager Pieter Jan Rijpstra, this gave reason to launch an OEM trading platform for selling and buying excess inventory and missing components.

FRANKFURT, Germany - The second edition of the networking event for the bicycle industry and eco-mobility experts at Eurobike has been scheduled in the evening after the second Eurobike day and has been renamed Pink Thursday.

WASHINGTON, USA - The initial investigations into Accell Group-owned Babboe for selling defective cargo bikes caused a stir earlier this year in the Netherlands and across Europe. Owners had been told to stop riding their Babboe due to the hazard of breaking frames months ago, but only on 20 June the US Consumer Products Safety Commission (CPSC) issued a recall notification.

OSAKA, Japan - Strictly planned in the week ahead of the start of Eurobike, component manufacturer Shimano presents its new e-drive systems EP5 and E5100. Both new drive trains have been developed from the concept to expand the reach, increase connectivity options and a smoother cycling experience.

POZZOLEONO, Italy - To align the company's global OEM strategy, Selle Royal Group has decided to invest significantly in the North American market. To ensure successful expansion and better meet the needs of region, which is key to the group, it has appointed two dedicated OE sales managers already part of the Selle Royal Group team as territory managers for Highway 2: Chris Ballard and Patrick Gore.

ZEIST, the Netherlands - E-bikes are the leading micromobility category in Europe. It accounts for almost 37% of the European micromobility market today. This share is expected to increase to 50% at a total value of more than €100 billion in the next decade.

AMSTERDAM, the Netherlands - As an event, Micromobility advertises itself as the 'world's largest' conference for small vehicles. In this bustling and crowded industry with many start-ups and new business concepts, the e-bike is probably not the first you would expect to find. The Europe edition, which took place on 5-6 June in Amsterdam this year, showed the e-bike is an important part of a whole new eco-system in the making: future urban mobility.

MADRID, Spain - The mismatch between supply and demand has hit the Spanish bicycle industry very hard. Significant stockpiling has been taking place at both distributors and stores. This situation has not been balanced out yet as the 2023 market statistics show. Still, the Spanish industry association AMBE who presented the market data is still confident about the future market. AMBE also noted that 2024 will still be a difficult year for the industry.

PHNOM PENH, Cambodia - The group of five bicycle making companies in Cambodia are quickly losing ground on the international bicycle market. Once moved quickly from Vietnam to Cambodia for beneficial import rates at its main markets years ago, it is now rapidly losing market share to China, Taiwan, Bangladesh and Sri Lanka.

DULUTH, Georgia - Fox Factory Holding started 2024 with a net sales drop of 16.6% to $333.47 million (€309.91 million) compared with 2023. In a move signaling confidence in the company, Michael Dennison, the chief executive officer of Fox Factory Holding Corp has purchased shares of the company's stock amounting to a total of $498,375.