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.
Spanish company, Berria Bikes which specialises in high-performance bicycles, has achieved an 18% increase in revenue (July 2025-June 2026) and is seeking to expand its market reach in the Iberian market through a new partnership program with independent bicycle retailers. As it enters a new phase of growth, the brand will also look to expand its foothold in international markets.
Swapfiets continued its path towards profitability in 2025, with the Amsterdam-based bicycle subscription company nearly halving its net loss while increasing revenue. CEO Marc de Vries says the company could reach profitability if the current trend continues.
USWE Sports Group's shift from distributor sales towards a higher proportion of direct sales to retailers weighed on its first-quarter performance. The Swedish outdoor and sports equipment supplier reported an 18% year-over-year decline in currency-adjusted net revenue for the first quarter of its 2026/2027 fiscal year.
The Commercial Court of Dijon has officially opened the judicial reorganisation (redressement judiciaire) of Cycles Lapierre as it seeks independence from the now-bankrupt Accell Group. The French brand's CEO William Perrier is happy with the development: "We've got an opportunity. It's up to us to transform it into a future."
