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Shimano reports that supply and demand adjustments continued, and market inventories remained high globally. – Photo Shimano

Shimano reports weak sales while outlook remains slow

OSAKA, Japan - Bicycle component manufacturer Shimano reports that demand for bicycles continued to be weak at the start of the year. In the first...

In Shimano’s main markets in Europe, Germany, the Netherlands and Belgium interest for bicycles remained strong. – Photo Shimano

Shimano loses 29% in turnover and half its profit in 2023

OSAKA, Japan - The financial consequences of high inventory in the market accelerated in the fourth quarter of last year for bicycle and parts...

“I want to bridge technology in Japan with the market needs in Europe,” said Eric de Seynes (r.) who hands over his position to Olivier Prévost (l.) – Photo Yamaha

Mr. Yamaha e-bike Eric de Seynes steps down as President and CEO

SCHIPHOL, the Netherlands - The former Yamaha Europe Vice-President, Olivier Prévost succeeds Eric de Seynes as President and CEO of Yamaha Europe as...

For Shimano the outlook remains rather uncertain due to the high inventories. – Photo Shimano

Shimano sees high demand as a long-term trend

OSAKA, Japan - Shimano reports a big difference in market performance between Europe and North America. In its January-October 2023 financial...

Shimano reports that consumer confidence has slowly started to pick up in Europe. – Photo Shimano

Shimano sees big opportunities to enhance market potential

OSAKA, Japan - Shimano regards 2023 as an "in-between year" as Marc van Rooij, President Shimano Europe Group already explained at Eurobike. This is...

The PCT headquarters, where e-bikes are produced and motors assembled, is located in Kashiwara City in Osaka, Japan. – Photos Jo Beckendorff

Panasonic Cycle Technology edging closer to beating heart of European...

KASHIWARA CITY, Japan - The cooperation with former Flyer maker Biketec in Switzerland gave e-bike drivetrain pioneer Panasonic Cycle Technology Co.,...

The portable gimmick lock was awarded the iF Design Award 2023 just prior to its debut at Eurobike. – Photo Bike Europe

Crops combines strength and security in foldable u-lock

FRANKFURT, Germany - Japanese manufacturer Crops has been producing lights and locks for 22 years. The latest lock, Benlock is a sturdy and portable...

The Corona lockdowns did not lead to an (e-)bike sales boom like in Europe, but achieved exactly the opposite. - Photo Jo Beckendorff

Japanese bicycle market continues to slide; sales dip below 6 million...

TOKYO, Japan – The bicycle market figures for 2022 presented by the Japan Bicycle Promotion Institute (JPBI) showed that the pandemic played a...

The Panasonic team with 2nd from the right Peter Obermeier.

Panasonic – local service, global impact

Each year, an increasing number of drive manufacturers enter the e-bike market, ensuring increased competition. With smart investments in local...

Shimano reported brisk order intakes last year for its 105 group sets and Steps series. – Photo Shimano

Shimano forecast reflects concerns over 2023 market development

OSAKA, Japan – Once again, Shimano reported a major increase in net sales last year, despite the slowdown in bicycle sales compared to 2021. However,...