World
BBC Produces Documentary on the Bike Boom
In December 2020 the British Broadcasting Corporation (BBC) released an interesting new 23 minute documentary about the global bicycle market and its covid induced boom. The program is one of an eight part series entitled Made on Earth: Road to Recovery. As you would expect from the BBC, this is a very well-produced program that…
Young American eBike Brand Raises $194 Million in Funding
Rad Power Bikes, which lays claim to being North America’s largest e-Bike only brand, has attracted US$150 million (A$194 million) in investment from major institutions such as Counterpoint Global (Morgan Stanley), the Fidelity Management and Research Company and The Rise Fund, among others. Fitting a trend of private equity investment in some of the world’s…
Booming Share Price Prevents Dorel Going Private
As we reported previously in the bottom section of an article here, Canadian based Dorel owner of major bike brands including Cannondale, GT, Mongoose and Schwinn was set to revert to private ownership. However Dorel has now cancelled its proposed bid to take the company private following a backlash from a significant portion of the…
Shimano Takes Over from Mavic as Neutral Support for Tour de France
Shimano will be taking over the neutral support role at the Tour de France and other marquee races this year, replacing long-time partner Mavic that began race support with its distinctive yellow vehicles in the 1970s. Shimano’s deal with ASO, owner of the Tour de France includes all of ASO’s season of men’s and women’s…
Clip On Ebike Power Within Seconds
Despite the boom in ebike sales over recent years, there are still far more non-ebikes on the road than ebikes. E-bike conversion kits have been around for many years. But they are relatively expensive and labour intensive to install. There have been some attempts to make conversion simpler such as the much hyped Copenhagen Wheel,…
Latest UK Data Shows Huge Scale of Bicycle Market Growth
If Australian dealers are wondering why it’s so hard to get bikes, a new report from the UK gives an indication of the competing demand from just one other country, albeit one with more than double our population. The Impact of COVID-19 on the UK Cycling Market in 2020 is an 89-page report providing a…
European Bike Sales Forecast to Grow Dramatically
A new detailed forecast developed by three major European cycling bodies is predicting the European bicycle market to grow by 47% in terms of annual sales, during the decade to 2030. This translates to an increase of 10 million bikes sold per year, from approximately 20 million bike sales in 2019 to 30 million in…
Weldtite partners with Team DSM (Formerly Sunweb) in 2021
Eighty year old British manufacturer Weldtite will be supplying all lubricants and bicycle maintenance products for Team DSM from the 2021 season. The team was until 2020 known as Team Sunweb and featured Australian sprinter Michael ‘Bling’ Matthews who is moving to Australia’s Mitchelton team in 2021. But there will still be a strong Australian…
Harley-Davidson Ebike Launch Generates Blaze of Publicity
Famous American motorcycle manufacturer Harley-Davidson has just launched its first production ebike and with it, a whole new brand and company division. Known as Serial 1 Cycle Co., the brand takes its name from “Serial Number One,” the nickname for Harley-Davidson’s first motorcycle. As you can see from the photos accompanying this article, the bike is aimed…
