Bicycle Industry Looking Good

An article on the financial website Seeking Alpha paints a rosy picture for the future of the bicycle industry. The article states, “The global bicycle market shows significant growth revenues exceeding $61 Billion through 2011.” They list Dorel Industries (owner of Cannondale, Schwinn, GT and Monogoose), Giant, Trek, and Shimano as the leading global bicycle manufacturers. Aptly named Giant is the largest, with an 8% profit growth this year and global output expected to reach 10 million units by 2014. Electric bikes represent one of the fastest growing markets.

The article is an interesting read if you like this sort of thing.

Seeking Alpha article

4 Responses to “Bicycle Industry Looking Good”

  • Rick Steele says:

    That’s a “very” rosy picture indeed! There’s no mention of the big box store supplier Doral ending manufacturing of Cannondale aluminum bikes in Bedford, Pennsylvania by 2010, moving that production to Taiwan. Carbon C’Dales are already made in Asia. I think it is sad to see the end of US made Cannondale bikes. With that comes the cutting of 200 employees.

  • andy parmentier says:

    the diamond frame industry is big business (it bigs me that they don’t branch out more into serious “CF’s”-comfort frames or carat fingered crank forwards?) diamond frames are a girl’s best friend.

  • Ows says:

    Sorry to be a pedant Alan, but isn’t it “Dorel Industries” (rather than “DorAl”)?

  • Alan says:

    @Ows

    Good catch… thanks!

 
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