World
Ebike Sales in Germany Surge to 1.36 Million Units and $4 Billion Value
German ebike sales have been growing by over 100,000 units per year since 2015, up to a total of 980,000 units for 2018. But the figures for 2019 which have just been released show further growth of 380,000 units in just one year to make total ebike sales for 2019 of approximately 1.36 million ebikes.…
Sea Otter Classic Announces New Dates
Sea Otter Classic has announced new dates, with the event now taking place between 1st – 4th October 2020, subject of course to the corona virus situation improving before then. Other than the date changes, the location and racing schedules for Sea Otter will remain essentially the same. The show, which was due to take…
Shimano’s Bicycle Division Sales Approach Four Billion Dollars
Shimano is in no immediate danger of losing its position as the world’s largest bicycle business as measured by sales revenue. Because it has such a large market share for bicycle components, particularly across developed nations such as Australia, Shimano’s sales are a very approximate but useful gauge to the health of the global bike…
Pioneer Sells Its Cycling Assets to Shimano
Electronics giant Pioneer has been developing cycling related products since 2013, in particular, power meters, but has now reached an agreement to sell of its cycling related assets to Shimano. In a press release Pioneer said, “Pioneer will transfer the assets of these technologies and conclude its related operations. Sales by Pioneer of pedalling monitors,…
Cycling Booming as Paris Prepares for 2024 Olympics
Paris is already a famous city for cycling fans, with the Tour de France finish on the Champs Elysees every July seen by millions of TV viewers around the world. But a quieter revolution has been underway in Paris over recent years. Under the leadership of Mayor Anne Hidalgo, Plan Vélo has seen an increase…
Taipei Cycle ‘Rescheduled’ Due to Corona Virus
With the surging infection rate and death toll from the coronavirus, it seemed inevitable for more than a week before the press conference was finally held on Tuesday 11th February, that TAITRA, organisers of the huge annual Taipei Cycle would have no option but to cancel 2020’s show, which was due to be held from…
Will Your Customers Start Hiring and Subscribing to Bikes Instead of Buying?
Tech savvy media commentators, futurists and other technophiles are very eager to tell anyone prepared to listen that this is the age of the shared economy. They say that instead of buying products, customers, especially younger generations, are happy to share, hire, subscribe, rent or swap. While this may be beyond dispute for products such…
Wiggle CRC Posts A Massive Loss After Writedowns
Mapil Topco Limited, which trades as Wiggle CRC, has just released its financial statements for the year ending 30th December 2018. They shown a pre-tax loss of £132.5 million (A$253 million). But as is often the case with large entities, that single figure does not tell the whole story. Wiggles sales rose 15% to £453…
Earlier Dates Mean Closer Trips for Show Attendees
For those Australian or New Zealand bicycle trade members looking to attend both Eurobike and Taichung Bike Week next year, they’ll not have long to unpack their bags between trips. Eurobike is only a fraction later than its traditional dates at 2nd to 5th September 2020, but Taichung Bike Week has decided to move four…
Research Shows that Ebike Riders are Not ‘Cheating’
A research paper published by members of Brigham Young University in the USA has concluded that eMTB riders are working their bodies almost as hard as those on regular bikes. In the study, 33 regular MTB riders aged 18 to 65 formed the pool, with each participant tracked via Strava over a 10 kilometre loop…