Hungarian bicycle makers face parts shortage
The impact of the pandemic has made cycling more popular in Hungary, but local bicycle manufacturers are facing a shortage of parts, mainly from Asia, which has led to closures this year, the head of the company said. Hungarian Association of the Bicycle Industry and Trade.
RÃ³bert Sipiczki noted that Hungarian companies produced 390,000 bicycles last year, of which 280,000, mainly to Germany, the Netherlands, Austria and Switzerland. The sector’s revenues increased by 5-7% to around HUF 130 billion, he added.
Currently, the largest bicycle maker in Hungary is Dutch company Accell Hunland, but Taiwanese Giant will start large-scale production at a factory in GyÃ¶ngyÃ¶s this year. The Hungarian companies Csepel, Gepida, Neuzer and Koliken are also big players in the market.
Bicycle sales in Hungary reached almost 260,000 last year, up from 225,000 in 2019.
Around 71% of Hungarian adults cycle with varying degrees of frequency, according to a representative survey conducted by the Hungarian Cycling Club in 2020.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing worthy journalism is an expensive endeavor. For 27 years, the editors, editors and reporters of the Budapest Business Journal have strived to bring you business news that works, information that is reliable, factual, accurate and presented without fear or favor.
Newspaper organizations around the world have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. More recently, some have experimented with the idea of ââinvolving their most important stakeholders, their readers.
We want to offer the same opportunity to our readers. We would like to invite you to help us provide the quality business journalism you need. Hit our BBJ Support button and you can choose how much and how often you send us your contributions.