Giant sales fall by 20% as bike industry woes continue

Inventory issues in North America and Europe to blame, says leading bike manufacturer

Giant bikes outside the jayco-alula team bus
(Image credit: Getty Images)

The woes facing some of the biggest companies in the bike industry are showing signs of continuing, as Giant reported a drop in sales of 20% in the first quarter of 2024. 

According to the brand, inventory issues that have arisen in the post-Covid era are largely to blame for the drop off. 

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Tom Thewlis

Tom has been writing for Cycling Weekly since 2022 and his news stories, rider interviews and features appear both online and in the magazine. 

Since joining the team, he has reported from some of professional cycling's biggest races and events including the Tour de France and the World Championships in Glasgow. He has also covered races elsewhere across the world. 

As well as on the ground reporting, Tom writes race reports from the men's and women's WorldTour and helps with coverage of UK domestic cycling.