Highlights in this latest online magazine (Issue 27 | June 2023) include:
- Eurobike thrives on popularity of e-bikes
- E-bike sales grow amidst market slowdown
- German consumers more reluctant to buy
- E-bikes boost turnover in key European markets
E-bikes bring value to challenged market
The European bicycle market ended up in the inevitable correction phase after the corona related sales boom. It goes without saying that this situation was expected, the question was only, when? While 2022 sales are lower than 2021 throughout Europe's main markets, the e-bike continues to drive the market. What's happening? This Online Magazine examines the market developments in 2022 and the impact this has on product developments expected at Eurobike.
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Georg Honkomp steps down as chairman of the board at ZEG
COLOGNE, Germany - From the start of next year, Georg Honkomp will hand over his position as chairman of the board of Europe's biggest dealer cooperative, German ZEG, to his successor Fred Schierenbeck.
Accell Group files 2023 accounts with 10% revenue drop but 'recovery...
HEERENVEEN, The Netherlands - As the market continues to be challenging, liquidity will remain a key focus of the Accell Group, according to a business update of the company published yesterday. With accounts for 2023 finalised with a 10% revenue drop, "recovery is well on track across the business," states CEO Tjeerd Jegen.
Taiwan on course for €500 mln e-bike export value loss
TAIPEI, Taiwan - The fact that the Taiwanese supply chain has struggled during 2024 is fully evident in the latest custom statistics. In Q3, the island nation exported around 75,000 e-bike units, a 44% drop compared to 2023. E-bike exports to the EU specifically dropped 55% to a mere 34,000 units between July and September. Most significantly, the country is on course to see its export value drop half a billion euros this year in total.
Happy Holidays from the Bike Europe Team
ZEIST, the Netherlands - As the year draws to a close the Bike Europe team would like to thank you for your continued support throughout this challenging year.