Unlike the three largest Taiwanese manufacturers - Giant Group, Merida, Ideal Bike - bicycle manufacturer Axman Enterprise Co. Ltd., which is listed on the Taiwan Stock Exchange (TPEX), was able to increase its revenue in the first but not in the second quarter of its 2026 fiscal year. Nevertheless, the outlook is positive as e-bikes become an increasingly important growth driver for the manufacturer.
After Taiwan's leading bicycle manufacturer Giant Group reported signs of a turnaround in the second quarter of 2026, its compatriot and competitor Merida Industry is seeing similar early indications of a recovery. However, the company's first-half results and latest market data show that the recovery remains uneven.
The relaunch of Austrian custom bike builder Simplon by Austrian SOL Capital Management GmbH in February 2025 appears to be failing. The company, now known as 2Rad Produktions GmbH, formerly Simplon Fahrrad GmbH, filed for insolvency proceedings without self-administration. Reopened claims from the previous insolvency proceedings appear to have been an insurmountable burden for the young company.
The initial public offering (IPO) of Tianjin Fuji-Ta Bicycle Manufacturer Co., Ltd. known domestically as the "Foxconn of the bicycle industry" on 6 August on the Shanghai Stock Exchange (SSE) was quite impressive. The offering price of CNY 17.46 (€2.28) soared to a high of CNY 45.45 €5.94) on the day of the IPO, but then settled down again over the course of the week.
The transfer of Accell Group to the new owner, the Singapore-based investment firm DuTech Group, passed another regulatory milestone. The Polish anti-competition authorities, UOKiK, identified no concerns significant enough to justify remedies or prohibit the transaction, and therefore approved the acquisition.
For Austrian KTM Fahrrad GmbH, the financial year 2024/2025 was still a challenging time. According to the company's financial statements, filed only last week, KTM Fahrrad reported a nearly 14% decline in revenue from € 425 million in 2023/2024 to €365 million in the 2024/25 fiscal year. The company's results in this fiscal year were still heavily influenced by massive discounting campaigns.
