More on markets

“Our mission is to be the most desirable bicycle brand in the world,” commented Nicola Rosin, CEO of Colnago. – Photo Colnago

Colnago reports sales hike and drop in inventory

CAMBIAGO, Italy - 2023 has been a very good year for Colnago Ernesto & C. S.r.l. looking at the publication of their 2023 financial report. The...

Due to drastic market changes since early 2022, Kona, could not live up to the high expectations for Kent Outdoors. – Photo Kona Bicycles UK

Kona for sale as owner prefers not to wait for market recovery

PARK CITY, USA - Only two and a half year after the three founders sold Kona Bicycles to Kent Outdoors, the new owner has put the iconic Canadian...

Shimano reports that supply and demand adjustments continued, and market inventories remained high globally. – Photo Shimano

Shimano reports weak sales while outlook remains slow

OSAKA, Japan - Bicycle component manufacturer Shimano reports that demand for bicycles continued to be weak at the start of the year. In the first...

Founded in 1988, Kona is known for its mountain and cyclocross bikes. – Photo Kona

Kona Bicycles owner appoints new CFO amidst Sea Otter confusion

PARK City, Utah - Kona Bicycles was a noticeable last-minute absence at this week's Sea Otter event in California. The brand pulled down their booth...

The headquarters of Trek’s new Southern European office has been established in Madrid and will be led by Olivier Pelous. – Photo Trek

Trek closes Italian subsidiary and reorganises Southern European...

BERGAMO, Italy - Trek has closed its Italian subsidiary and incorporated this market within the newly formed Trek South Europe. In a short press...

Export manager Michael Honkomp (r.) and sales manager Joep Stumpe want to take the brand into Europe. - Photos Bike Europe

Hercules outlines new export strategy to increase European market...

EMSTEK, Germany - Bicycle brand Hercules has built on a firm base on its home market Germany as well as some export, including a new head office and...

Haro aims to step up its activity in Europe again. – Photo Haro

Haro sets ambitious goals for European markets

SCHARMEDE, Germany - Known for pioneering the birth of the action sports movement in the early 80s, Haro Bikes is embarking on a new journey forward...

Cambodia’s bicycle export market continues to decline. – Photo Bike Europe

Cambodia's bicycle export nosedive not over yet

PHNOM PENH, Cambodia - The plunge in demand for bicycles made in Cambodia which started last year has not yet come to an end. Cambodia's bicycle...

With a growing e-bike market and a consumer preference for instore shopping, local brand Cowboy opened a brand store in Brussels in 2023. – Photo Cowboy

Belgian bicycle market drops 18% in 2023

BRUSSELS, Belgium - In Belgium, over 18% fewer bicycles were sold in 2023. Sales decreased from nearly 700,000 to 569,605 units, according to figures...

VeloStrana is one of the leading chains of bicycle shops in Russia with 16 store in 11 cities. - Photo Velostrana

How is the Russian bicycle market faring?

MOSCOW, Russia - With Western sanctions and the ever-growing isolation of Russia in the international arena, serious pressure is being put on the...