Market recovery emerging in 2024

Market recovery emerging in 2024

Whereas spring 2023 didn't offer an upturn in e-bike and bicycles sales, setting the course for much of the rest of the year, market indicators are suggesting that 2024 could be the year of stabilisation within bicycle market. Major indicators in the Netherlands and Germany are already pointing towards slow but steady recovery in these major markets.

When Eurobike opens its doors in early July, it will be clear whether the market performance in spring has contributed to the long-awaited clearing of the warehouses. This would give the industry the much-needed room for new investments and the implementation of forward-looking strategies. Even if this is the case, industry insiders expect the market to go forward in very small steps.

Highlights in this latest online magazine (Issue 33 | July 2024) include:

  • Industry to gauge market sentiment at Eurobike
  • European benchmarks offer positivity for retailers
  • Bicycle producers continue to struggle in Q1

How can the Taiwanese industry sustain the financial losses it has accrued in 2024? - Photo Bike EuropeSubscribers only
Subscribers only

Subscribers only Taiwan on course for €500 mln e-bike export value loss

TAIPEI, Taiwan - The fact that the Taiwanese supply chain has struggled during 2024 is fully evident in the latest custom statistics. In Q3, the island nation exported around 75,000 e-bike units, a 44% drop compared to 2023. E-bike exports to the EU specifically dropped 55% to a mere 34,000 units between July and September. Most significantly, the country is on course to see its export value drop half a billion euros this year in total.

Ernst Brust specifically mentioned the e-bikes of the Chinese brand Fiido. Their design easily allows to change the motor support limit from 25 km/h to 50 km/h. – Photo Fiido

Will the e-bike become a victim of its own success?

AMSTERDAM, the Netherlands - The import statistics of the European Union clearly indicate that China regained its leading position as e-bike supplier for Europe's market. At the same time, the market is drowned with cheap and non-compliant China made e-bikes whose sellers shamelessly advertise the presence of a throttle and how to circumvent the maximum support of 25 km/h. How should the industry respond to these market developments?

From left to right: Niels Penning, Greg Schouten, Ferry Post, Jeroen van Kester.Sponsored
Sponsored

Sponsored Tracefy expands organization to drive international growth

To support its rapid growth, Tracefy recently expanded its management team. Ferry Post has been appointed as sales director and Greg Schouten as technical director. This allows Niels Penning, as general manager, to focus more on overall company leadership, while Jeroen van Kester, director of marketing and new business, will concentrate on international markets and opportunities for Tracefy's GPS solutions beyond the bicycle industry.

Looking at the market shares mentioned by Ernst Brust you could question how much room is left for newcomers. – Photo Bike Europe

Velotech's analysis of the e-drive market reveals lack of critical...

SCHWEINFURT, Germany - No other product in the industry is so sorely missing validated market data than e-bike drive systems. The market dominance of Bosch is obvious, but what about the other suppliers and how many other brands are relevant anyway?