Shimano, a titan in the cycling components industry, has faced significant challenges in the first half of 2024, evidenced by a 20.7% decline in bike component sales compared to the previous year. This downturn, amounting to approximately 162,594 million yen (around $1.05 billion), highlights the ongoing struggles within the cycling market post-pandemic. As the cycling community has seen fluctuating demand, Shimano is navigating a complex landscape shaped by global inventory issues and changing consumer behavior.
The impact of elevated inventories is a central theme affecting Shimano's performance. The cycling boom during the COVID-19 pandemic led to a surge in bike and component sales, prompting manufacturers, including Shimano, to...