MUNICH, Germany - Despite a stagnating global economy, unresolved conflicts, and other geopolitical mood killers, the stock market boom continued, at least in the first quarter of 2025. Then came Trump trouble, with the US president instigating a global trade war. The tariff conflict is not only having an impact on the existing global economic order, but also on financial markets. The stock market went on a roller coaster. Investors are reacting to the unpredictability of the 'America First' prophet, which on a long-term could benefit Europe. In this context, here's an overview of how stock-listed bicycle industry companies fared in the first six months of 2025.

With deep roots in bicycle production, Cybic Sport has grown into a strategic partner for brands and businesses that need custom-designed bicycles. Now operating as an Original Design Manufacturer (ODM), the company offers end-to-end support — from concept and design to development, production, logistics, and fulfilment.

TAICHUNG, Taiwan - Stepping up investments in employees and production technologies, AD-II Engineering has announced the opening of an all-new factory. A five-story storage system will further streamline the production of Microshift drivetrain components. The company did not communicate an exact date for the start of production in the new facility.

A&C Solutions joins forces with Van Raam to launch a water-tight adaptive tricycle at this year's Eurobike 2025. But behind the scenes of this innovative debut lies a story of close collaboration — one that highlights the power of strategic partnerships.

FRANKFURT, Germany - Eurobike marked the fourth edition of the Women in Cycling breakfast. Growing from humble beginnings with a few participants to a raucous reception for this year's speakers. This is no longer a simple networking event to bind a minority group together, but a movement looking to evolve the face of the industry. Data is now at the forefront as initiatives focus on, amongst other things, closing the gender equity pay gap. The number of new national women-driven networks being launched this year alone, shows that the momentum is not just growing, it's becoming unstoppable.

RIMINI, Italy - The Italian Bike Festival has grown increasingly significant for the cycling industry since 2018, following the decline in relevance of EICMA-Milan in recent years. The most recent edition at Misano Circuit in September 2024 featured more than 600 brands and 57,000 end consumers and industry professionals. The successful event has been taken over by the Italian Exhibition Group.

CHANGUA, Taiwan - The long-awaited turnaround from a declining to a rising bicycle market is becoming increasingly visible. Industry leaders remain cautious in their forecasts but dare to express themselves more positively. This was already clear last week at Eurobike. Merida Industry's financial report for the first half of 2025, in combination with their statement "to gradually expand our e-bike production capacity," indicates that the company is once more regaining trust in its future.

CHICAGO, USA - During the process of drivetrain development in an attempt to make descending better, SRAM came across the spider manufacturer Ochain. "After we learned about the performance of their product, we decided to buy them," explains SRAM product manager Flynn George. How much SRAM paid for Ochain is unknown for the moment.

SUZHOU, China - Semi solid-state batteries are lightweight, fast-charging and offer enhanced safety giving them the potential to be a game-changer for the e-bike industry. At least this is the vision of Chinese manufacturer T&D who is developing a semi-solid state e-bike battery which provides 830Wh at only 3.2kg. Small-scale production is expected to commence this year.

AMSTERDAM, the Netherlands - Yamaha unveiled its new PW-Link e-bike system at this year's Eurobike. The Japanese manufacturer made all its e-drive components interchangeable and fully connected, allowing e-bike manufacturers to specify the same frame with multiple PW-Link combinations and offer a greater variety of e-bike options to consumers. Fabio Marzola, Yamaha Motor Europe's Division Manager of eBike Drive Units & Systems, explains the company's position on the market and their opinion on regulatory issues in Europe.

LYON, France - Folding e-bike manufacturer Eovolt has its sights set on being more than just that. To support further internationalisation and entry into other non-electric categories, the French manufacturer is rebranding to UTO. "It is a new name to symbolise the brand we have become over the years," CEO Baptiste Fullen told Bike Europe during Eurobike.

VELKE ORVIŠTĚ, Slovakia - Bicycle brand Kellys and battery manufacturer BMZ are reportedly working on a European-assembled e-bike battery with a higher energy density than the latest DJI Avinox or Bosch Powertube 800. Looking to outpace rivals, the goal is reportedly to create the world's lightest e-bike battery with a capacity above 800 Wh.

德國， 法蘭克福（FRANKFURT）－德國自行車產業協會ZIV在德國歐洲自行車展Eurobike開展時發布正面市場消息，不過該會執行長Burkhard Stork也提醒業界不宜過度樂觀。他在Eurobike開幕時表示：「今年第一季的銷售和生產數據表現非常出色，不過市場恢復力道未能延續4月和5月。」

德國，法蘭克福（FRANKFURT）－產業分散化日益加劇，對生意造成嚴重影響。許多企業多半只經營部分市場，導致資訊蒐集困難。缺乏數據也使供應鏈變得難以有效管理。本社與Eurobike共同推出全球自行車採購指數（GBPI），為採購經理與產品經理提供一個參考基準。

台灣，台北－台灣海關針對自行車產業今年首4個月的數據顯示，經過數年全球市場停滯後，業界首次出現復甦跡象。受到高價值產品需求增加及平均售價提升所推動，2025年第一季電動自行車及零件出口皆為成長。不過，5月的初步出口數據顯示，這波成長並未持續。

荷蘭，恩荷芬（EINDHOVEN）－Shimano在Eurobike開展前推出Q'auto，一款無電池、適用通勤車的自動變速系統。其動力來自後花鼓，同時也是發電機。這套系統專為城市通勤車、礫石車及輕旅行車所設計，可切換自動及手動變速模式。

LUXEMBOURG, Luxembourg - Chinese e-bikes have once again been implemented in a customs fraud case involving the evasion of duties when importing products into the EU market. Under the code-name Calypso, a complex scheme was exposed which led to raids across several EU member states. The total damage of the activities under investigation is estimated at approximately €700 million, although it is unclear how much of this is directly attributed to e-bike fraud.

EINDHOVEN, The Netherlands - Shimano Europe has launched Nextgen Mechanics, a new call for evidence aimed at tackling the growing shortage of skilled bicycle mechanics across Europe. The collaborative initiative with Cycling Industries Europe aims to bring in a broad alliance of stakeholders committed to strengthening the profession, raising standards, and inspiring the next generation of cycle mechanics.

HEERENVEEN, the Netherlands - Intense discounting drove Accell Group's revenue down by 22% from €1,294 million in 2023 to €1,003 million last year. The company reports that the results were heavily impacted by one-offs, while market conditions remained challenging.

FRANKFURT AM MAIN, Germany - The devastating impact of the extreme oversupply situation, combined with a postponed market recovery, became apparently visible at Eurobike 2025. The downward spiral has spread across the entire industry, impacting innovation and marketing alike, resulting in a lower visitor turnout and a shift in marketing budgets.