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cycling industry

Beeline Bicycles, Oxford

“Cycle industry in a major recession”: Independent bike shop enters liquidation and claims summer heatwave saw sales plummet to off-season winter levels

Sales doubled during pandemic bike boom but yet another cycling business closes for good as demand eased and costs rose in recent years

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Sigma Sports 2025

Cycling retailer Sigma Sports halves losses to £925,000 and insists 2024 was “positive” despite cost-of-living crisis, inflation and inventory woes battering bike industry

Sigma Sports confident it is "leading premium retailer" in the bike industry but predicts "backdrop of UK's economy to remain challenging" this year

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2023 Yoeleo G21 DB PRO Gravel Bike – seat tube bosses.jpg

Trump tariffs led to bike sales “free fall” says Chinese brand, as US imports plunge in first half of 2025

Bicycle imports to the United States fell by 25 per cent year-on-year in the first half of 2025, while China’s June shipments to the US dropped by a staggering 74 per cent

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Orbea factory

Bike industry on hold as uncertainty around Trump’s controversial tariffs continues

Cycling groups predicted US bike industry may not recover from "devastating consequences" of Trump tariffs until end of the decade

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2025 Giant Defy Advanced SL 1 – riding 5.jpg

Bike industry challenges continue as Giant and Canyon profits down 66% and 30%, while Shimano downgrades 2025 outlook

Giant says inventory levels back to "healthy pre-pandemic standards" and Shimano's sales are up 12 per cent, but industry's biggest brands still face unpredictable and tricky market

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Commuters

“A diverse workforce is good for business”: Cycling industry group aiming to fill “gender data gap” to understand “feeling of women being underrepresented in sector” and drive real change

“We’re examining what companies are doing to attract female talent, and what challenges or barriers women may be facing in advancing their careers,” says Cycling Industries Europe

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Evans Cycles store and online sale August 2024

Evans Cycles slashes annual losses from £22.8m to £3.3m as company starts recovery from bike industry’s “well publicised supply chain issues”

The uptick in the company’s income comes despite a loss in revenue, with the Frasers Group business highlighting “operational efficiencies and tightening of costs” such as reducing physical retail space

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Broken Shimano cranks – 8

Shimano set to provide extra two years’ warranty to US cyclists with defective cranks along with additional tools and training to retailers to “overhaul” its crankset recall process

The bike component giant’s North American division decided to take these steps, besides others including making a “retail assistance agent” available, as part of a settlement for the class action lawsuit filed against it

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Bike shop

“Devastating consequences”: US bike industry may not recover from Trump tariffs until end of the decade, lobby group warns

"We're pretty sober about the next four to five years," admits industry group, as bike brands warn they've "never experienced a time like today", with impact of Trump's tariffs compounding post-Covid troubles

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Pragmasis RoundLock

Popular bike lock brand relaunches under new ownership – year after winding down due to “brutal reality” of Brexit, Covid, and cost-of-living crisis

UK-based Pragmasis says it has entered a “new and exciting era”, with flagship products such as the DIB D-Lock back in active production and new product development underway

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