In September 2023, there were a number of interesting news stories from the sector, including:
- Expanding the UK cycle industry could deliver up to 130,000 new jobs by 2030. A new report from the Bicycle Association (BA) has found that the UK cycling industry has the potential to create up to 130,000 new jobs by 2030. The report also found that cycling could help to reduce carbon emissions and improve public health.
- MTF Enterprises acquires EMU Electric Bike Company assets. MTF Enterprises, the parent company of Evolving Sports Distribution, has acquired the assets of EMU Electric Bike Company. The deal is expected to help MTF expand its presence in the growing electric bike market.
- Evans Cycles unveils masterplan – Evans Go, Universal brand & flagships. Evans Cycles has unveiled a new masterplan for the business, which includes the launch of a new brand, Evans Go, and the opening of new flagship stores. The plan is designed to help Evans Cycles remain competitive in the changing retail landscape.
- SRAM X Brose = Eagle Powertrain. A SRAM eBike first. SRAM and Brose have teamed up to develop a new electric bike powertrain, the Eagle Powertrain. The new powertrain is designed to be lightweight and efficient, making it ideal for e-mountain bikes.
In addition to these news stories, there were also a number of new product launches from the UK cycling industry in September 2023. For example, TORQ Explore launched a new range of meals and desserts for cyclists, and Restrap expanded its Premium Dealer programme with two new sales agents.
Overall, the UK cycling industry is in a good place. There is a growing demand for cycling products and services, and businesses are investing in new products and services to meet this demand. The industry is also playing an important role in the UK's transition to a net zero economy.
What does this mean for cyclists?
The good news for cyclists is that the industry is booming, which means that there is more choice and innovation than ever before. Whether you are looking for a new bike, clothes, or accessories, you are sure to find something to suit your needs and budget.
The fact that the cycling industry is also playing an important role in the UK's transition to a net zero economy is also good news for cyclists. It means that the government is more likely to invest in cycling infrastructure and initiatives, which will make it easier and safer for people to cycle.
What to look out for in the future
The UK cycling industry is expected to continue to grow in the coming years. This is due to a number of factors, including the rising cost of fuel, the increasing awareness of the health and environmental benefits of cycling, and the growing popularity of electric bikes.
One of the key trends to look out for in the future is the increasing popularity of electric bikes. Electric bikes are making cycling more accessible to people of all ages and abilities, and they are also making it easier for people to cycle longer distances.
Another key trend to look out for is the growth of cycling tourism. Cycling is a great way to explore new places, and it is also a relatively low-cost holiday option. As a result, cycling tourism is becoming increasingly popular, and this is creating new opportunities for businesses in the cycling industry.
Overall, the future is bright for the UK cycling industry. The industry is growing rapidly, and there is a lot of innovation happening. This is good news for cyclists, as it means that there is more choice and better products and services available.