Bike industry ‘ripe for M&A’ despite recent rollercoaster

July 12, 2024

A report by Houlihan Lokey has judged the bike industry ripe for a new wave of mergers and acquisitions (M&A) despite the trade’s recent whiplash-inducing boom and bust run.

With the market broadly expected to have largely dealt with its overstock problem in 2025, the report forecasts gradual recovery with significant upside in the medium to long term, with 2026 and 2027 marking “pivotal years for increased M&A activity and investment opportunities”.

Polling more than 30 industry executives and over 10 industry-relevant financial investors, the report found that 81% expected more M&A across the industry going forward, with 68% optimistic about medium-term profitability. Cycling Industry