At a bicycle trade fair in Stuttgart, steep discounts on brand-new models hint at the turmoil roiling the industry now that a pandemic-fuelled cycling craze has faded.- Discounts, bankruptcies -
Buoyed by cycling's fast-paced growth during the pandemic and wanting to get ahead of any future supply chain snarls, many industry players increased their orders during the boom.
/PRNewswire/ Allied Market Research published a report, titled, "Gear Bicycle Market by Sales Channel (Online, Offline), Application (Adventure, Sports),.
Cycle manufacturing is an age-old industry in Ludhiana but it still faces challenges that push it back from reaching its full potential. A focus on the right policies and tech upgradation is the need of the hour for it to get a leap ahead.