TAICHUNG, Taiwan - The excess inventory of Giant Group's own brands in Europe and the US in particular, continued to impact the financial performance of the company. The board of directors reported a 7.4% decline in consolidated sales to NT$71.28 bn (€1.98 bn) in 2024. While all financial indicators were negative for 2024, Giant Group remains positive for 2025.
CHANGHUA, Taiwan - For Merida Industry Co. Ltd., the excess inventory situation continues to have an impact on the financial performance. Yesterday the company reported a relatively steadily performance in 2024, with full-year revenue growing by 8.7% to NT$29.63 billion (€ 823 million). The company pointed out that the entire bicycle industry is still in the stage of destocking and inventory impairment. For Merida this means a net loss NT$732.66 million (€20.4 million) before tax which can be attributed to a one-time provision and did not affect cash flow, and it could still be used to offset taxes when profits are made in the future.
Subscribers onlyBERLIN, Germany - Massive discounting campaigns to reduce inventory levels in the market pushed down the average e-bike retail price and market value in Germany last year. While sales volume remained relatively stable, the revenue from bicycles and e-bikes totalled €6.33 billion, down 10.1% from €7.06 billion in 2023. This is still significantly higher than the sales value of €4 billion in 2019.
DRESDEN, Germany - After a strong final quarter in 2024, German e-commerce bicycle retailer Bike 24 Holding AG says it has not only confirmed its return to growth, but has also fully achieved its year 2024 profitability target. However, the full results for the 2024 financial year will not be published until March 26.
DULUTH, USA - The industry's ongoing channel inventory recalibration and, to a lesser extent, lower end-consumer demand are reflected in the 2024 results published by Fox Factory Holding Corp. Bicycle product sales under the Specialty Sports Group (SSG) umbrella were down in 2024 but briefly hiked by 8.3% in Q4.
DENKENDORF, Germany - In a strategic acquisition, Pinion owner Bombardier Recreational Products Inc. (BRP), has acquired the FIT 2.0 business of Biketec GmbH from its owner, the German dealer cooperative, ZEG. The intention is to expand Pinion's portfolio in the core business of e-drives. The financial details of the BRP investment remains undisclosed.
PARIS, France - "The recall of the first-generation Angell e-bikes issued last year brought our adventure to an end despite all our efforts and the incredible work of all the employees, whom I am thinking of tonight." With these words, Marc Simoncini, founder of the French e-bike startup Angell, announced the end of a venture that had once aimed to change urban mobility.
SponsoredThe Eurobike show will bring together key players from the bicycle and ecomobility sectors in 2025. With over 200 start-ups, expanded testing opportunities, and new interactive formats, the event offers a chance to explore the latest solutions, foster partnerships, and stay informed on industry trends. The 33rd edition of Eurobike will take place at Messe Frankfurt from June 25-29, 2025.
BUSETO PALIZZOLO, Italy - Lombardo Bikes has acquired Cicli Olympia, one of the oldest Italian bicycle brands, to create a production hub for bicycles made in Italy. Lombardo, founded in 1952 now counts itself as the largest bicycle manufacturer in Italy. The financial details of the deal have not been disclosed other than that it was secured entirely through Italian capital.
SCHWEINFURT, Germany - Following a brief take-over by Austria's Pierer New Mobility, R Raymon Bicycles will now continue its journey as a 100% independently owned company under the guidance of founders Susanne and Felix Puello. Since 6 March a new chapter begins for the German bike brand. The financial details of the deal have not been disclosed by either party.
AMSTERDAM, the Netherlands - Fundracer as announced that Annika Fischer has joined the investment fund dedicated to future mobility as a Venture Partner. She has built a career at the intersection of finance, HR, and sustainability, reports Fundracer.
Subscribers onlyLONDON, United Kingdom - The total bicycle market in the UK saw sales drop a further 2% year-on-year in 2024 to a new low this century. This latest drop continues the long post-COVID downturn which began in the second half of 2021. However, the latest figures from the Bicycle Association (BA) suggest there is light at the end of the tunnel.
Subscribers onlyAMSTERDAM, the Netherlands - E-bikes continue to be the driving force for the Dutch market. The total e-bike market volume ended at 409,467 units, representing a market share of 47.7%. The total number of bicycles and e-bikes combined ended at 858,126, down from 919,101 in 2023. This year, the national industry association RAI Vereniging included fatbike sales for the first time in their annual report which has resulted in a major shift in the statistics.
Subscribers onlyBRUSSELS, Belgium - That 2024 was a challenging year for European e-bike markets is no secret. How bad though, is now revealed in the latest EU e-bike import statistics published by Eurostat. The volume of e-bikes imports dropped 27% year-on-year to 642,000 units, slipping below the pre-covid level of 705,000 units in 2019. The import value fared even worse, with a 33% drop year-on-year.
Subscribers onlyWASHINGTON, US - As the world awaits a year of tariffs and tussles, there was good news for the bicycle market in the US in 2024. The number of non- electric bicycles imported into the country rose again following sharp declines since 2021, the latest US customs data shows. However, with China as the leading supplier, the market remains uncertain.
FRANKFURT, Germany - DJI was one of the biggest newcomers on the e-bike market last year creating a lot of rumor during the tradeshows. What makes the e-bike market so interesting for this leading manufacturer of drones which generates a multi-billion revenue? The introduction into the e-bike market was put in the hands of drone pilot and DJI Product Experience Director Ferdinand Wolf.
MASER, Italy - Sidi Sport S.r.l., was sold by founder Dino Signori to the Milan-based investment holding company, Italmobiliare S.p.A. in 2022. Soon after the takeover of the company specialising in the production of cycling and motorcycling footwear, Davide Rossetti was appointed CEO and that marked the start of a complete overhaul of the company. What is the current status of this iconic brand?
PODGRODZIE, Poland - Based in the southeast of Poland, Romet has been in the bicycle industry for more than 75 years. Operating in a total of three factories spread out over the country, Romet holds a strong position in its home market, but is also one of the well-known players in the European OEM market. Romet president Wieslaw Grzyb is now preparing the company to take the next step on the export market, both for OEMs as well as the brand Romet.
KOPRIVNICE, Czech Republic - The long-time experience in the production of city bikes for a leading Dutch brand, gave Bike Fun International (BFI) a strong position in the expanding urban mobility cycling market. Bike Europe talked with CEO René Gasser about the manufacturer's ambition to serve the central European markets as a leading distributor, but also how they can distinguish themselves as an OEM supplier.
SponsoredFor nearly four decades, Tektro has been known for its high-quality braking systems. Now, with the fully automatic E.A.S.I. A12 shifting system, TRP introduces an innovation set to make a mark on the shifting market. OEMs looking for future-proof, fully integrated systems now have the opportunity to equip their e-bikes with an automatic shifting system that combines riding comfort and durability.
SponsoredThe Taipei Cycle Show is one of the top three global cycling exhibitions, bringing together industry leaders, innovators, and key decision-makers. OLI eBike Systems will present its latest advancements at Hall 2 (TaiNEX 2), Booth R0720, offering an in-depth look at its advanced Pico drive system—a high-performance, cost-efficient motor designed for the modern e-bike market.
SponsoredWith its connectors, Higo ensures high-quality connections between individual e-bike components. The company is currently building a new, sustainable production facility with headquarters in Changzhou Suzhou (China). After completion, early 2026, Higo will be able to meet European market demand even better.
SponsoredThe 2025 Taipei Cycle Show will take place from March 26 to 29 at Halls 1 and 2 of the Taipei Nangang Exhibition Center. The event will bring together 980 companies from 35 countries across 3,600 booths, reinforcing its role as a hub for high-end bicycle supply chains, innovation, and sustainability.
SponsoredWhyte, an award-winning challenger bike brand with over 25 years of innovation, has built a strong reputation for reliability and performance. Focused on delivering a high-quality riding experience at competitive prices, the company is now expanding its global reach.
SponsoredIt's no secret that cycling in nature has its benefits, from getting fresh air to improving one's overall health. But proper mountain bike trails don't just appear by themselves. They take careful consideration and planning. That's why Shimano has pledged a sum of 10 million USD to global trail building projects over the next 10 years.
