NEW YORK, USA - An index of global supply chain pressure published by the Federal Reserve Bank of New York clearly shows that the Russian invasion of Ukraine is adding a fair amount of 'extra pressure' to an already strained situation. The pressure index is now at an all-time high.
REDDITCH, UK - The UK's self-proclaimed largest bricks and mortar cycle retailer, Halfords, has released preliminary results for the 52 weeks to 2nd April 2021. The figures show the bike boom in the UK has yet to show signs of relenting with e-mobility sales up 94% and mechanical bikes 113%. Greater online and service sales are starting to replace traditional cycling product sales, is a further conclusion of the company.
LONDON, UK - Recent announcements from the UK's Halfords and the trade organisation, Bicycle Association of Great Britain (BAGB), both suggest that, despite the continuing sales surge, supply chain difficulties are cramping the growth of the market there.
BUDAPEST, Hungary - The e-bike and bicycle industry in Hungary is facing serious shortage of parts and components due to supply chain problems. This topic was addressed by Róbert Sipiczki, founder and managing director at the Hungarian manufacturer Bikefun Ltd. and secretary general of the Hungarian Cycling and Trade Association (MKKSZ) in the Hungarian media.
LYON, France - Retail chain Cyclable is solidifying its place as one the most important e-bike sellers in the trekking, travel, city and e-cargo bike categories in France. In 2020, the chain which operates around 60 stores domestically, registered a turnover of €53 million against €40 million in 2019. The chain sold 50% more e-bikes compared to 2019 and has big plans for the future.
WALS, Austria - Austrian sporting goods chain store giant Hervis Sport has announced a spring offensive, following the opening of a new flagship store in Innsbruck, Austria. This offensive relies not only on a chain store expansion in Austria, but in six further European countries in which they are already on the ground. The focus of this heralded spring offensive is on nothing but "bicycles, outdoor and even more stores."
REUTLINGEN, Germany - In an open publication, Bosch ebike Systems CEO Claus Fleischer, calls for a major change of the transport policy on the company's home market Germany. "We are lagging behind when looking at neighboring countries such as the Netherlands and Denmark. They can enjoy the freedom and flexibility of a bicycle or e-bike, but changes in German society are stuck on bumpy bike paths."
FRANKFURT, Germany - It is a rapidly growing and global phenomenon: bikes of different breeds zipping through cities, being picked up and deposited at will. They belong to companies, not privates. The future of cycling could be sharing, not owning one. "A trend in the making," experts say. How can companies avoid the same pitfall which made an end to the Chinese 'free-floating' bike sharing systems?
BRUSSELS, Belgium - Growing demand for components in Europe to ensure sufficient e-bikes and bicycles in the shops urges components manufacturers in Asia to increase capacity. Industry insiders have already warned that product availability in 2021 will bring a bigger challenge than in 2020.
CAMBRIDGE, England - The Bicycle Association (BA), the UK's national trade association, has released a new 'COVID Impact' report on the UK cycling economy, covering sales from January to October 2020. The 89-page report details 'unprecedented sales' of bikes and e-bikes in particular.
SCHLITTERS, Austria - Nox Cycles, the sister brand of Hawk Bikes, was founded 16 years ago by the late Lorenz Hoser and his team in Berlin. Since 2017 the company has relied on its own close to the market e-bike production site in Austrian Ziller Valley. Now the activities of local Nox Cycles Austria GmbH, based in Zell am Ziller, will be significantly expanded.
BERLIN, Germany - The EU-funded CityChangerCargoBike project has released key results of the first European Cargo Bike Industry Survey. 38 cargo bike brands contributed data anonymously, revealing many positives for Europe's cargo bike industry including an expected market growth of 53% in 2020.
LONDON, UK - Sky News reports that the UK's main bricks and mortar cycle retailer, Halfords, has pulled out of talks aimed at finding a buyer for the 60+ strong high street chain of bike shops, Evans. IOt results in the fact that there are two main potential buyers left. One of the two is a major new player.
This year's extremely good summer has contributed by no small means to the fact that players in the Dutch bicycle market can look back on an excellent sales season. Turnover-wise a double-digit growth is recorded up to August 31 with bicycle and e-bike sales euro growing even by more than 15 percent.
GIRONA, Spain - The 2018 Sea Otter Europe Costa Brava-Girona Bike Show, the 2nd edition of this cycling festival, will take place next year in Girona
It was one of the most discussed topics at last week's Taipei Cycle Show; the current huge demand for basic bicycles destined for usage at the many bike
You might call it 'Connectivity 2.0'; in a joint project SAP and Cerevo recently introduced the Ride-1, an 'Internet of Things' (IoT) device that collects
It already became evident in the financial reports from companies like Giant, Merida and Shimano that have major interests in the Chinese market.
NEW DELHI, India - The world's biggest retailer in sporting goods (including bikes) is investing USD130m in opening up a retail chain in India. The ...
Growth of the overall market for e-scooters, e-motorcycles, and e-bikes within the Asia Pacific region is leading to a strong expansion of the electric ...
