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Quarterly data

Subscribers only EU e-bike imports drop below 'pre-covid' level in 2024

BRUSSELS, 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.

“We expect to see the first signs of recovery in 2025, even if the year will not be easy again,” says Claus Fleischer, CEO Bosch eBike Systems. – Photo Bosch eBike Systems
Financial

Bosch 2024 financial performance held back by market developments

REUTLINGEN, Germany - The 2024 business development of Robert Bosch GmbH was adversely affected by the fact that growth markets such as electromobility developed much more slowly than expected. While the company serves a wide range of industries, it regards their technologies for mobility, which includes e-bikes and homes of the future as key growth areas. Claus Fleischer, CEO Bosch eBike Systems highlights specific details on the e-bike market.

The total import value of bicycles in the US dropped to just over US$1 billion (€950 million) in 2024. This is compared to a ‘Covid-high’ in 2022 at just over $2 billion (€1.9 billion). - Photo ShutterstockSubscribers only
Subscribers only
Market Report

Subscribers only Uncertainty for US bicycle imports despite 2024 turnaround

WASHINGTON, 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.

Shimano reports that demand for bicycles continued to be weak and net sales decreased 5.2% in 2024 – Photo Shimano
Financial

Shimano sales decrease 5.2%, but European revenue rebounds

OSAKA, Japan - The 2024 financial report of Shimano Inc. indicates a rebound in sales in the second half of last year. However, in more detail the results look less promising for the international bicycle industry. The revenue in Europe and Taiwan was still down by double digits and the main growth market was China where revenue increased by almost 60%. In the long-term Shimano remains positive on bicycle sales, but the bicycle component manufacturer also points to the potential impact of geopolitical developments.

Ferdinand Wolf is currently serving in the capacity of Product Experience Director at DJI.  He has previously served as managing director Skynamic / Drone Pilot at Skynamic. – Photo DJI
Interview

Ferdinand Wolf on why drone manufacturer DJI entered the e-bike market

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.

At the Taipei Cycle Show 2025, the Bicycling Alliance for Sustainability (BAS) will release the ‘Human Rights Code of Conduct’ for all BAS members and following action plan. – Photo Shutterstock
Taiwan

Taiwan Bicycle Association responds to LeMonde's allegations on...

TAICHUNG, Taiwan - Following allegations by LeMonde Diplomatique about indicators of forced labour according to the International Labor Organization (ILO) in the Taiwanese bicycle industry, the trade association Taiwan Bicycle Association (TBA) felt the urge to respond. "Taiwan as the crucial global supply chain has the responsibility to do things right in every aspect and we appreciate your effort in providing us the guidance and advice regarding the foreign labour issues," the TBA told Bike Europe.

  1. Frame manufacturer Astro-Tech expands in Vietnam as part of strategic plan
  2. LeMonde paints grim picture of bicycle industry in Taiwan
  3. Guidelines issued on much-discussed 'Article 11' of European battery regulation
  4. Subscribers onlyTaiwanese e-bike exports drop 47% in 2024
  5. EU extends anti-dumping duties on Chinese e-bikes for 5 years
  6. Velofollies captures Belgium's upbeat mood, but not Europe's overall sentiment
  7. Sidi Sport CEO forecasts bright future for production in Italy
  8. Giant Group tempers decline in revenue amidst destocking industry
  9. Sprick Cycle the next big name on the list of insolvencies
  10. Proximity and efficiency: Central Europe attracts more bike production
  11. Accell Group CEO steps down in favour of chief operating officer
  12. Container prices to impact bicycle industry trade in 2025?
  13. 2024: A year of false hope in the bicycle industry
  14. Subscribers onlyTaiwan on course for €500 mln e-bike export value loss
  15. Pon reorganises GT Bicycles: 'Laying a solid foundation for GT's next chapter'
  1. In-house aluminium frame production gives Romet ultimate flexibility
  2. Austrian investor takes over ailing compatriot Simplon
  3. Accell Group returns to UCI World Tour team sponsoring
  4. Subscribers onlyEU e-bike imports drop 28% in first 9 months of 2024
  5. Romet president: 'Now is the moment to invest for the future'
  6. Bike Fun International transforms to a more versatile manufacturer
  7. Darfon's OEM e-bike assembly operation in Czech Republic
  8. Advanced Bikes files for insolvency proceedings
  9. Bike Fun Int'l to accelerate growth thanks to "know-how in city bikes"
  10. The end for Flyer in Huttwil: Swiss-made is definitely over
  11. Bafang sales performance not recovering in over supplied market
  12. Merida revenue recovers but profit lags behind
  13. Velotech's analysis of the e-drive market reveals lack of critical market data
  14. Giant Group sales recovery taking longer than expected
  15. Flyer CEO Andy Kessler: "We have a year's worth of stock of some components"