WELS, Austria - The news has been rumored in the industry for a while, but it has been officially confirmed this week: Pierer Industrie AG has acquired an undisclosed majority stake in renowned German bicycle components expert Syntace. With this, the Austrian motorcycle giant has taken the next step to expand its position in the bicycle industry.
OSAKA, Japan - In its latest financial report, Shimano reports that market inventories of completed bicycles, especially the high-end bicycles remained at a low level, as strong demand continued. Meanwhile, inventory of entry-level bicycles has increased to a high level as their supply caught up with the demand.
SCHRAMBERG, Germany - Stating a challenging business environment, German high-precision transmission parts and components manufacturer hGears AG, saw its young e-mobility business unit swallowing a double-digit 15.4% sales decrease in the first quarter of 2022. However, the publicly traded company can look to the future with confidence.
OSAKA, Japan - Economic sanctions imposed on Russia by Western nations have created global energy shortages and a sudden rise in raw material prices, putting downward pressure on personal consumption, reports the Japanese components manufacturer in its Q1-2022 financial statement. Nevertheless demand for bicycles is still high according to Shimano.
VICENZA, Italy - For component manufacturer Campagnolo the market boom and supply chain constraints have triggered a renewed ambition to increase the global brand awareness and salience. For 2020-2022 the company reports the strongest sales growth since the 1980s giving the Italians confidence to dream bigger and expand significantly to capitalise on its recent growth.
SCHRAMBERG, Germany - In line with the company's strategic goal of expanding its business activities and increasing market share, hGears reports for its e-mobility business area a 2021 sales growth of 3.5% to €47.5 million. For the full year 2022, hGears expects high single-digit group revenue growth.
A&C Solutions supports e bike and e cargo bike manufacturers by developing customized cable harnesses and splitters with Higo connectors.
Not only Leader Fox, but many other manufacturers around the world are betting on the increasingly visible Asian S-Ride component brand in these problematic times for component supply.
CHICAGO, USA - Not for the first time, it is hinted that components manufacturer SRAM has developed an e-bike drive system. The American's have a sort of love-hate relationship with electric drive systems. After each attempt to enter the market, they went back to their roots. However, the rapidly growing e-MTB market in the US has changed this situation drastically.
OSAKA, Japan - Increased production capacities in factories in Japan in combination with a booming cycling market, made 2021 a best-ever year for Shimano in both turn-over and profit. Shimano also notes that the economic outlook for 2022 and the electronic components shortages might impact the industry.
