Reported 8 months ago
Bicycle component industry insiders believe the bicycle industry has slowly rebounded from the bottom, with expectations that by early next year, the new car market in Europe and America will also gradually recover, making the bicycle industry promising in the coming years. Companies like Chain Manufacturer Guiming, Lucky, and Zhengshen have shown double-digit growth in May revenues, indicating a positive trend in the industry. As bike makers have started ordering new models and preparing for E-bike models with longer delivery times, order volumes have reached 30-50% of pre-pandemic levels, marking the end of inventory destocking.
Source: YAHOO