Market dynamics remained challenging throughout 2023 for hGears and were characterized by slower than expected destocking. – Photo hGears

E-drive maker hGears gives cautious outlook after revenue decline

SCHRAMBERG, Germany - hGears AG, the European precision e-bike transmission parts and components manufacturer, reports a 16.9% year-on-year decrease...

“We believe that 2024 will be a slow to stable year, but we expect a recovery in 2025,” said Piero Nigrelli, director of ANCMA’s bicycle sector. – Photo ANCMA

Italian bicycle market closes 2023 with 23% decline in sales

MILAN, Italy - The 2023 bicycle market in Italy closed with a 23% year-on-year decline in sales volume. Italy's bicycle industry association ANCMA...

Later this year, Alltricks plans to open a ninth store in Antibes, in the south of France, near Nice. – Photo Alltricks

Alltricks is moving forward in a tough market

MONTIGNY-LE-BRETONNEUX, France - The French Alltricks group has reported a 4% increase in sales last year despite the difficult conditions. "In 2023,...

All former top-10 exporters lost huge volumes in 2023. - Photo Shutterstock

Bicycle import in Europe drops to lowest level in decade

BRUSSELS, Belgium - The bicycle industry is eagerly waiting better times. Although some insiders noted slight changes in the market in a positive...

Schwalbe’s Green Marathon tyre was welcomed in 2023 as the company’s most sustainably produced product to date. – Photo Schwalbe

Economic and inventory woes push Schwalbe turnover down 30%

REICHSHOF, Germany - Tyre manufacturer Schwalbe has reported a turnover of €237 million in 2023, down 30% from a record year in 2022. Dampened...

E-bike riders are no longer getting younger. – Photo Shutterstock/GfK

E-bikes getting more popular among female and 25-34 year-old cyclists

AMSTELVEEN, the Netherlands - The age group 25-34 made up a bigger portion of all e-bike customers in the Netherlands in 2023 compared with 2022. In...

René Gasser appointed as CEO of Bike Fun International. – Photo BFI

Bike Fun International hires new CEO

KOPRIVNICE, Czech Republic - Bicycle manufacturer Bike Fun International (BFI) has appointed René Gasser as its new CEO. He will take over the...

The appointment of the new Chief Financial Officer (CFO) Gijsbert van Zoeten is Accell Group’s next step in an attempt to counter the financial challenges. The reorganization of the board of management was only communicated internally.

Accell Group reorganizes senior management to counter financial...

HEERENVEEN, the Netherlands - The appointment of the new Chief Financial Officer (CFO) Gijsbert van Zoeten is Accell Group's next step in an attempt...

E-bike made up 30% of Giant’s revenue in 2023. – Photo Giant Group

Giant Group revenue pushed up by Chinese market

TAICHUNG, Taiwan - A huge increase in bicycle sales in China could not compensate for the weak demand of entry to mid-level products from both North...

“Our new concept of not doing everything ourselves allows us now to focus on lean and mean,” explains Lavoie COO Quinten de Haas about the company’s vision on VanMoof. – Photo Lavoie

What will new leadership bring to VanMoof?

WOKING, UK - The restart of VanMoof after the bankruptcy last summer had to come with a drastic change in strategy. VanMoof's new owner McLaren...