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7 Feb 2025

ACT parent company Bira has warned that retailers across Britain face troubled times ahead despite today's Bank of England interest rate cut to 4.5%, as the Bank halves its growth forecast for...

4 Feb 2025

The ACT and legal partner WorkNest are hosting an exclusive webinar on how to remain compliant with employment law while making necessary business changes.

31 Jan 2025

New independent research has confirmed OEM e-bikes are effectively exempt from risk of battery fires, with unsafe post-purchase replacement batteries, conversion kits, and other equipment that...

31 Jan 2025

The UK Government has decided not to go ahead with proposals to increase the maximum power output of e-Bikes to 500W and to permit throttle assistance following a lengthy consultation process.

23 Jan 2025

ACT parent company Bira is calling for urgent government intervention following disappointing December retail figures, which show sales volumes fell by 0.3% following a modest 0.1% rise in...

22 Jan 2025

Cytech's Australian training provider The Bicycle Academy,  which delivers their courses in Brisbane, Sydney, Melbourne, Adelaide and Perth, paid visits to UK Cytech centres late last year...

21 Jan 2025

The ACT is set to deliver a seminar at both the North and South iceBike* events discussing the current challenges and opportunities facing the UK cycle industry.

17 Jan 2025

The ACT has teamed up with employment law, HR, and health and safety experts WorkNest as the association's new legal partner.

10 Jan 2025

The ACT have presented a formal complaint to the BBC, with Director Jonathan Harrison claiming the program was misrepresentative and made "incorrect claims about regulations".

9 Jan 2025

ACT parent company Bira has warned that disappointing footfall figures for December show mounting pressures on independent retailers, with concerning implications for 2025 as business costs...

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Bicycle manufacturers expect sales boost from Olympic Games halo effect

Posted on in Business News , Cycles News

Bicycle manufacturers say they are optimistic about the bike industry’s growth prospects, anticipating a boost in sales – supported by a ‘positive impulse’ from the upcoming Olympic Games in Paris.

Olympic cycling

A statement from Taiwanese bicycle manufacturers ahead of Eurobike 2024 said:

‘The excitement surrounding the Olympic cycling events is expected to drive demand for high-quality bicycles, bolstering market confidence.

‘Sales of electric bicycles and premium models from Taiwan are already outpacing those in the mid and lower price segments. This trend is likely to strengthen, particularly as the 2024 Olympic Games are being celebrated as the most sustainable Games ever. Authorities are encouraging local spectators to use public transport or bicycles to attend the events, further enhancing the positive outlook for the industry. This underlines the sector’s resilience and innovative capabilities.

‘Following a boom during the coronavirus pandemic, the bicycle market faced challenges that have carried over into the current year. However, the optimistic forecast for the Taiwanese bicycle industry offers renewed hope for market recovery.’

 

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