Industry Titbits
Industry News
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Bicycle Industry Crisis: Astro’s Transformation Amid Inventory and Competitive Pressures
The bicycle industry is facing significant challenges, with high inventory levels emerging as a core issue. Prior to 2022, rising demand and the pandemic prompted brands and suppliers to increase procurement, leading to supply chain backlogs. Although discount promotions have accelerated inventory clearance, brand profitability has suffered, increasing financial pressure. Some startups have been eliminated due to insufficient funding, while traditional brands are struggling to stay afloat. Certain brands have passed losses onto suppliers or defaulted on payments due to bankruptcy, further straining the supply chain, which may reach its breaking point by 2025. Consumer preference for discounted prices has... 2025-01-20
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Giant Group Makes Inaugural Entry into the DJSI Emerging Markets Index, Becoming the First in the Global Bicycle Industry to Achieve this Distinction.
S&P Dow Jones Indices announced the 2024 constituents of the Dow Jones SustainabilityIndices (DJSI) on December 16. Giant Group proudly joins the DJSI Emerging Markets Index,making it the very first company in the global bicycle industry to earn a place on thisprestigious list. This recognition underscores Giant Group’s exemplary performance across sustainability, environmental protection, social responsibility, and economic governance,setting a new standard for the international bicycle sector. In the assessment results, Giant Group ranked within the top 6% of the leisure equipment and consumer electronics industry category for its combined environmental, social, and economic governance performance—far surpassing industry averages in... 2024-12-17
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MERIDA ranks the 13th Best Taiwan Global Brands 2024
In the "Best Taiwan Global Brands 2024" survey organized by the Industrial Bureau of the Ministry of Economic Affairs, Merida is again listed the top 25 of the Best Taiwan Global Brands. With a brand value of US$460 million as evaluated by Interbrand, Merida ranks the 13th in this survey. Merida, which has a history of more than 50 years, is highly recognized by the international market. And thanks to the innovative products, Merida bikes are usually awarded not just in Taiwan but also from the global bicycle markets. 2024-12-13
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SRAM Taiwan’s New Facility Progresses Smoothly, Paving the Way for a New Milestone in Green and Sustainable Development
Global cycling components manufacturer SRAM, the second-largest in the world, held a groundbreaking ceremony for its new STC (SRAM Taiwan Center) facility in Tanzi, Taichung, in September 2023. The ceremony was attended by government officials and local dignitaries, marking a significant milestone in SRAM’s expansion plan in Taiwan. After numerous negotiations and meetings with the landowner, construction teams, and government agencies, work on the new facility officially began in August this year, with land leveling and excavation now underway. To showcase the continued progress of SRAM’s investment in Taiwan during the globally significant Taichung Bike Week, SRAM will host a... 2024-09-24
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Glory Wheel Enterprise Successfully Acquires Spank & Fratelli, Expanding Its Global Strategy in the Bicycle Industry
Taichung, Taiwan – On September 18th, renowned Taiwanese bicycle component manufacturer Glory Wheel Enterprise Co., Ltd. (GW) hosted a grand M&A signing ceremony in Taiwan's bicycle industry hub, Taichung City, to officially announce its acquisition of leading bicycle accessory brands, Spank Industries and Fratelli Industries. This acquisition marks a significant milestone for Glory Wheel Enterprise, representing a breakthrough in the global bicycle industry and reinforcing its leadership position in the high-end bicycle components market. Looking ahead, Glory Wheel Enterprise aims to expand its influence in the global bicycle market and strengthen its competitive advantage in the premium bicycle accessories sector.... 2024-09-19