One week before the opening of the Taipei International Cycle Show, the financial reports of the country's three main bicycle manufacturers do not contribute to an upbeat business mood. The combined revenue of these three companies dropped by 13.4% from TWD 103.2 billion (€2.8 billion) in 2024 to TWD 89.4 billion (€2.4 billion) last year. The business mood at Taichung Bike Week six months ago was already a clear indicator of what these numbers confirm. The situation has not improved since September as Taiwan's industry continues to face headwinds.

In early January, folding bicycle manufacturer DAHON TECH (HKEX Stock Code: 02543.HK) and Ideal Bike Corp (TPEx Stock Code: 8933) signed a strategic cooperation agreement at DAHON's headquarters, with a focus on green mobility. Amid intensifying global market competition, the alliance centers on overseas business expansion, "tapping into the complementary strengths of both parties."

Pacific Glory Worldwide Ltd (PGW), owned by the Taiwan-based manufacturer Ideal Bike Corporation, has opened a new United States distribution channel, PGW USA. It will oversee sales and support for the Fuji, SE and Tuesday bicycle brands in the US market. It says it will focus on retailer success and long-term sustainability, but open questions remain regarding the current distributor, BikeCo.

TAICHUNG, Taiwan - In the first three quarters of 2025, Taiwan's third-largest bicycle manufacturer, Ideal Bike Corporation, achieved total sales of NT$1.91 billion (€53.09 million). This means that the supplier is cruising at almost the same level as in the first nine months of the previous year, with a slight increase of 0.3%.

TAICHUNG, Taiwan - The bicycle industry is starting to gain some traction again after two years of standstill. Taiwan's manufacturers are now starting to report increased earnings for the first quarter of this year. Profit margins remain under pressure, suggesting that OEMs are making significant efforts to revive market activity.

TAICHUING, Taiwan -Taiwan´s third-largest bicycle manufacturer Ideal Bike Corporation significantly reduced its costs in 2024, according to the limited financial information communicated by the company. However, last year's revenue of TWD 2.65 billion (€737.46 mln) still represented a year-on-year drop of 27.5%.