ZURICH, Switzerland - Rising costs, the looming threat of larger recession, low consumer confidence and continuing operational challenges are set to create headwinds, according to sports and bicycle the industry executives. This is one of the key findings from the WFSGI (World Federation of the Sporting Goods Industry) and McKinsey latest annual report.
BERLIN, Germany - In addition to the regular market for e-bikes, the replacement market is becoming increasingly important in Germany. No less than 25% of consumers who intend to buy an e-bike already owns one. This is a significant increase compared to previous years.
MORGAN HILL, US - The announcement that US brand Specialized is saying goodbye to 8% of its global workforce, is a new sign that the bike industry has a turbulent few months ahead. European lay offs have been confirmed by the company, but no specific details are given.
REDDITCH, UK - In its latest financial statement, UK bicycle retailer Halfords reports that cycling sales have dropped to pre-covid levels. Despite stating that "overall revenues are outperforming the market," the cycling division is down 20% year on year to date.
MUNICH, Germany - The events of 2022 had a huge impact on financial markets; it was a disastrous stock market year. The pandemic was barely halfway over when Vladimir Putin launched his crucial attack on Ukraine. The war disrupted the global energy and food markets but also led to high inflation in Europe. How are the listed e-bike and bicycle industries affected?
ZEIST, The Netherlands - 2022 continued on a high for e-bike and bicycle manufacturers and retailers as the pandemic continued to push demand. But as the year draws to a close and eyes look to the future, a more uneasy feeling is settling over the industry as inventory becomes the hot topic. Bike Europe looks back on the main stories which attracted interest this year…
TAICHUNG, Taiwan - It was not supposed to be discussed in public, but the letter Giant sent to its suppliers asking for payment postponement was leaked. It caused a major turmoil in the industry. What can the industry expect if the world's second largest bicycle and e-bike manufacturer is already facing cash-flow issues?
LONDON, England - They've been an unmistakeable sight in cities across Europe this year - delivery e-bikes. Whether for consumables or household goods, e-bikes are increasingly being used for commercial use. How will this market evolve in 2023? Zoomo's Global Commercial Director, Lisa Conibear gives her predictions.
ZEIST, the Netherlands - Mandatory helmet use on e-bikes is a much discussed topic in the industry as it would have a major impact on e-bike sales. But, is that really the case? Bike Europe commissioned a survey in the Netherlands where most e-bikes are used for commuting and recreational purposes.
For a long time the bicycle industry has been able to rely on the fact that cycling itself is considered sustainable, but that is changing. Manufacturers across the industry are now examining their own practices and making changes to the production process. Big steps are currently being taken to ensure the industry is set up for a sustainable future.
