Tag Archive | "bicycle manufacturer"

The Future of Hybrid Bicycles is Here

The Future of Hybrid Bicycles is Here

giant-twist-freedom

Denver, Colorado – Bicycle manufacturer Giant has introduced their Twist Freedom DX hybrid bicycle.

Most electric bicycles are heavy – you’re tooling around with a battery and a motor – and if you try to pedal up even a slight incline, the average rider can find this difficult.

The Giant Twist Freedom DX is a pedelec. This means the motor doesn’t provide any power unless the operator is actually pedaling. However, the motor does provide enough power to get you up those hills without over-exerting yourself.

Read more about the Twists Freedom at Examiner.com.

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Bike Industry Growing – The Numbers

Bike Industry Growing – The Numbers

rising-ebike-trend

There are over 451 million bicycles in the U.S. It’s an industry that has seen annual growth rates between 10% – 25% worldwide. The global bicycle market shows significant growth revenues exceeding $61 Billion through 2011.

The leading global bicycle manufacturers include:

Dorel Industries, Inc. (DRLAF.PK) manufacturers bicycles including the Cannondale, Schwinn, GT and Monogoose brands in U.S. markets. The $2 billion company has forty-six hundred employees, facilities in seventeen countries, and sales worldwide.

For the year 2008, the recreational and leisure group was up 73 percent to 650.7 million. This increase was principally due to the acquisition of Cannondale, SUGOI and PTI. Sales increase was driven by the core bicycle business with sales gains at the majority of the mass merchant customers.

Giant Manufacturing Co. Ltd. The largest bicycle manufacturer in the world had a goal of 8% profit growth this year and expects global output to increase, reaching 10-million units by 2014. The company is also a manufacturer of electric bicycles or “e-bikes” showing growth (25% – 30%) market segment very popular in the European Union. In 2008, China the world’s largest “e-Bike” market purchased 21-million electric bicycles. China also exported 580,000 “e-Bikes” to 170 different countries including Europe and India.

Trek Bicycle Corporation (privately held) is a heavily marketed U.S. company that has expanded to offer bikes, clothes, accessories, road support for events, training for shops, and other services distributed in 65 countries worldwide.

Shimano Inc. (SHMDF.PK) is the largest global manufacturer of cranksets, derailleurs, drive trains, brake sets, hubs. Headquartered in Japan, it has offices, distribution, and factories worldwide. The company is the dominant supplier of parts for higher-end bikes, and today 90% of those are sold by Trek, Giant, and Specialized, the top three brands in the U.S.

December 31, 2008, consolidated net sales amounted to 170,602million yen, a 12.2% increase compared with the figure for the same period of the previous year, ordinary income was 27,876 million yen, a rise of 23.7%, and net income was 18,644 million yen, 17.8% higher. In particular, Shimano’s bicycle operations sales segment soared 19.2% compared with the same period of the previous year to 133,498 million yen and operating income jumped 33.1% to 25,550 million yen.

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Bike Prices Rising in Japan

Bike Prices Rising in Japan

bike-japan

Bicycle prices in Japan are rising, because of high iron prices and rising labor costs in China, a major producer of Japan’s imported bicycles.

An increase in the number of electric bicycles, which are more expensive than regular bicycles, is also pushing up the average price. However, as iron prices start to fall and people refrain from purchasing new bicycles as a result of worsened economic conditions, prices are highly likely to drop again in the future.

Between 1950 and 1970, the average shipping price of bicycles was around 10,000 yen. Guidelines set the retail price at 3,000 yen plus shipping price.

In the early 1970s, when “mini cycles” — those with a wheel size of about 20 inches — began to spread, the average shipping price of bicycles soared to about 1.6 times the original price. Prices leveled off for about 10 years after that, but from about 1985, imports from China and Taiwan started to increase, and excluding certain times during the mountain-bike boom between 1988 and 1993, and the period between 1995 and 1998 after electric bicycles went on sale, prices plummeted.

However, between 2002 and summer 2008, the price of iron for each bicycle (about 20 kilograms) rose by 1,700 yen, and from 2005 shipping prices for imported bicycles also started increasing. Standard bicycles are now priced between around 8,000 and 30,000 yen, while electric bicycles are priced between around 40,000 and 150,000 yen.

However, iron prices began to drop in October last year, and the global recession has resulted in consumers becoming increasingly thrifty.

“A reduction in the price of low-priced bicycles may be inevitable in order to maintain sales,” commented one bicycle manufacturer.

Source: Mainichi.jp

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Bikes More Popular Than Cars 3:1

Bikes More Popular Than Cars 3:1

Electric Bike Sales Growing

Electric Bike Sales Growing

In just one year the number of electric bikes on the road is set to outnumber cars by 2010, a recent report from the Earth Policy Institute stated. With a struggling automobile industry and a booming electric bike trade, the ratio of bikes to cars is looking at 3:1.

The high demand for electric bikes continue with companies like UK owned ‘Raileigh’ showing steady growth figures, with 97 per cent in range orders complete. The demand for the adult bike range is significant.

The world’s largest bicycle manufacturer ‘Giant’ made $42.19 million in record sales in the month of August alone. They have had production lines at full capacity for some time which is set to continue across the brands several far east factories.

Taiwan manufactures are also doing well in the trade paying staff healthy well earned Christmas bonuses of around two months wages for the steady growth in sales.

‘Powercycle’ also had a great outcome in sales with their e-bike doubling 2007 production and sales figures, projecting the same for 2009. With an outcome of 100 per cent growth year on year.

A conclusion that retailers are beginning to embrace the electric bike market.

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