Similar to numerous other players in the cycling industry, 12Go Biking is facing big challenges. Despite these challenges the company has decided this is the moment to stock up. An interview with CEO Pieter van den Berg.
MADRID, Spain - Bicycle exports from Spain to the rest of the world remain well above pre-pandemic figures and show a positive trade balance, according to provisional data from the Ministry of Industry and Tourism. Although production figures in the country are dipping compared to last year, bicycle production in Spain also remains above the levels achieved in 2019.
KOBLENZ, Germany - The large-scale media campaigns offering major discounts on various bike categories this summer by Canyon was regarded rather unwelcome by many in the market. The company's latest financial results show a massive impact on the result; a push to revenue but killing the profit.
TAIPEI, Taiwan - Taiwan's top three bicycle and e-bike producers Giant Manufacturing Company Limited (Giant Group), Merida Industry Co., Ltd. and Ideal Bike Corporation have presented their Q3 financial results. All three are mainly affected by the sales and profit slumps in the valuable western market.
MADRID, Spain - In line with all market expectations, the production volume of the bicycle industry in Spain decreased by 34.7% last September compared with 2022. This major decline can be regarded as a correction on the COVID related boom. Production and sales volumes are still above 2019 levels.
BEIJING, China - The bicycle and e-bike industry in China is urgently looking for new market as export to both the European Union and the US have come to a standstill. The high inventory levels in both regions which take up the majority of China's high-end production made importers decide to postpone or even cancel orders.
REUTLINGEN, Germany - 19 leading innovators in the automotive, cycling and technology industries have founded the 'Coalition for Cyclist Safety' [C4CS]. The aim of the alliance is to pursue the goal of advancing the development and expansion of a comprehensive vehicle-to-everything (V2X) communication ecosystem to improve cyclist safety. Claus Fleischer, CEO of Bosch eBike Systems explains why they were one of the initiators together with Audi of America and Spoke Safety.
BRUSSELS, Belgium - The sudden increase in bicycle imports by EU countries in 2022 has come to an abrupt ending. Since the rising popularity of the e-bike, bicycle sales have decreased step-by-step and this process continues in 2023, as the latest import statistic show.
BRUSSELS, Belgium - For the first time, the total value of e-bikes imported into the European Union exceed €0.5 billion between January and July this year. Contrary to all outlooks and forecasts the market performance of the high-end segment was very good.
ZEIST, the Netherlands - In the first half of this year, bicycle sales took place at a normal gross margin on average in the Netherlands. At the same time Dutch retailers are struggling with sky high inventory levels. This was reported by H&L Accountants from its hundreds of IBD customers in the Netherlands.
