Bike Europe is expanding its offering with Consumer Insights, a new series of exclusive research articles exploring consumer buying behaviour and preferences across Europe. The initiative aims to help bicycle industry professionals better understand their customers, identify market opportunities and make more informed business decisions.
More than half of Dutch consumers who expect to buy a bicycle in the next five years plan an e-bike, according to Bike Europe research. Buyers of a new e-bike expect to spend an average of EUR 2,250.
Giant Group increased third-quarter revenue by 6.2% year-on-year to TWD 16.31 billion (EUR 446 million), and operating profit rose 29% to TWD 510 million. The Taiwanese bicycle manufacturer says the gains came from own-brand models that sold without clearance discounts.
Taiwanese component manufacturer SunRace Sturmey-Archer wants to become the 'established number three' in drivetrains. To get there, it is adding complete groupsets and higher-end products to its range, while keeping its value-for-money positioning.
German bicycle brand Ghost will not be discontinued. Bike Tree GmbH, the company set up to acquire insolvent Winora-Staiger, has also taken over the Ghost brand and all related intellectual property rights from insolvent Accell Germany subsidiary Ghost Bikes GmbH.
Lime's third-quarter revenue rose 20% year-on-year to USD 361 million (EUR 321 million). That takes trailing twelve-month revenue at the US shared micromobility operator above USD 1 billion (EUR 888 million) for the first time. Net income rose 41% to USD 44 million.
