MUNICH, Germany - "I never thought this combination of cars and bicycles in one show would happen," said Thorsten Heckrath, owner of a leading German omni-channel retailer, Rose Bikes at the opening of the World Cycling Forum this year. His statement marks the disruptive developments the market faced
TAICHUNG, Taiwan - The strong demand for bicycles and e-bikes worldwide bring fully booked production facilities for Taiwan's leading bicycle producer Giant Manufacturing Company Limited. For Giant e-bikes are the main sales driver.
ROSSANO VENETO, Italy - Wilier Triestina's investment programme in both regular and e-bike MTBs seems to pay off. The well-known Italian brand has reported an increase in sales and profit during the first half of this year. The company expects to generate a turnover of €65 million this year.
WAMBRECHIES, France - Specialised in e-bike manufacturing, the French brand O2Feel has strengthened its position with a new shareholder, Naxicap Partners. The private equity firm has taken a majority stake in the company, but the two co-founders of O2Feel, will remain minority shareholders.
MUNICH, Germany - The rapidly growing relevance of the online marketplace is one of the main topics of the World Cycling Forum. The lockdowns in the past 1.5 year gave an all new dynamic to retailing. CEO Signa Sports United Stephan Zoll will give his view on changing consumer behavior.
MUNICH, Germany - E-bike drivetrain provider Fazua GmbH has officially announced the acquisition of drivetrain technology sensor manufacturer Innotorq GmbH. No details have been given about the sale price.
MUNICH, Germany - Dominating headlines in the first half of 2021 were reports on acquisitions, company mergers, the entry of investors from outside the industry, as well as IPOs. For Ralf Kindermann, long-term bicycle industry expert in both trade and manufacturing,
OSAKA, Japan - In its financial statement on the first half of 2021, the Shimano Group again reports a brisk sales increase of its bicycle component segment of 73.4%. From the same period in the previous year, bicycle components turnover jumped to JPY212,599 million (€1,630 million), and operating income was up 152.
OLDENBURG, Germany - Steel frame specialist bike brand, vsf fahrradmanufaktur, has, until now, been associated with touring and utility bikes. However, their recent launch of a high quality, limited edition gravel bike looks to expand their reputation into a new product category.
LONDON, UK - June 7th will see e-scooter hire trials rolled out across six out of the 32 London boroughs. Rental scooter providers Dott, Lime, and Tier will be offering their scooters for hire to the public for up to 12 months as part of pilot programs in Ealing, Hammersmith and Fulham, Kensington and Chelsea, Richmond upon Thames, the City of London and Canary Wharf.
OBERWANGEN, Switzerland - Naxicap Partners has taken-over the well-known speed e-bike manufacturer Stromer as the company reported today. Details of the agreement were not disclosed. The transaction is subject to customary approvals.
MONTREAL, Canada - Dorel' sports division which market brands including Cannondale, GT, Schwinn and Mongoose, reports an ongoing increase in sales. For the first quarter of the year, turnover increased by 43.6% year-on-year to US$270.3 million.
SCHRAMBERG, Germany - "In 2020, our gears were in approximately one of every two e-bikes sold in Europe," declares Pierluca Sartorello, CEO of hGears. On the back of this success, the global manufacturer of high-precision gears and components, who counts Bosch and Schaeffler among its clients, is planning an initial public offering (IPO) at the Frankfurt Stock Exchange in the second quarter of 2021.
EPINAL, France - The speed e-bike is an all-new category for performance brand Moustache Bikes from France. For model year 2021 the company already expanded its range with entry level models and focused on more urban bikes.
TAIPEI, Taiwan - The industry is currently experiencing its first-ever online trade show. This year's Taipei Cycle show was to be held virtually in response to the ongoing challenges of the COVID-19 pandemic. While speaking, the event is attracting industry insiders to presentations and online booths.
PARIS, France - Increasing e-bikes sales are still attracting more and more automotive suppliers to the industry. The latest newcomer is French Valeo, who saw a hike in e-bike sales on their home market. The company has adapted its 48V motors for the electrification of bicycles.
REICHSHOF, Germany - Schwalbe's new tube made of a thermoplastic polyurethane called Aerothan has achieved top values for elasticity, weight and puncture protection, all without the use of rubber. Available for road, mountain and trekking bikes, Schwalbe claims the Aerothan tubes are much more robust
ANNECY, France - The troubles of French bicycle part manufacturer, Mavic, have been continuing since entering receivership. The company, which has been run under the administration of the company, By Saving, since March, has now been placed under court observation for six months.
HOLZKIRCHEN, Germany - After having launched its integrated marketplace successfully in several European countries such as the United Kingdom, the Netherlands and Belgium, US bike supplier Specialized is launching its integrated marketplace in Germany, Austria, Switzerland (DACH region) and Luxembourg.
REDDITCH, UK - In the 14 weeks to 3rd January 2020 Halfords reports a staggering jump of 96 percent year on year sales of electric bikes and e-scooters. This category now accounts for around 13.5 percent of total bikes sales at Halfords.
