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Global bicycle component market projected to reach €20.6bn by 2034
The global bicycle component market will grow to EUR 20.6 billion by 2034, according to a new forecast by Indian market research firm Fortune Business Insights.

The global bicycle component market will grow to EUR 20.6 billion by 2034, according to a new forecast by Indian market research firm Fortune Business Insights.

Bicycle retail prices in the Netherlands fell 0.4% year-on-year in September 2026, marking a clear trend reversal after years of post-pandemic price hikes.r, according to Statistics Netherlands (CBS). Overall inflation was 3.4%, making bicycles more affordable, even adjusted for inflation.

Taiwan's third-largest bicycle manufacturer, Ideal Bike Corporation, is seeing signs of a recovery in business conditions, following similar developments reported by Taiwanese rivals Giant Group and Merida Industry. The improvement was particularly visible in the second quarter of 2026.

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.