All Signs Are Green Thanks To E-Bikes
In the first half of 2014 all stock listed bike companies like Shimano, Accell Group and Dorel Industries reported an upturn in their first half year results.
One year ago Bike Europe journal disclosed in its Market Report Europe that all signs were red with one exception: e-bikes. In particular when taking into consideration the first six months of the year 2014 the outlook clearly changes in colour.
In 2013 EU bike import from countries outside Europe dropped by 9.6%, according to Eurostat. On the other hand in Germany electric bicycles performed outstandingly with a 7.9% rise in sales to 410,000 units in 2013. And their sales continued to grow in the first half year of 2014. The German industry association ZIV is expecting that the total sales volume will stand at 450,000 units in 2014. Original story by Jack Oortwijn for Bike Europe. Read full story.by