High-end bikes still in demand says Giant, as it announces 12.5% revenue increase

But like much of the industry the Taiwanese manufacturer is also experiencing a surplus of low to mid priced stock

Giant's new Propel Advanced Pro 1 road bike in action
Giant's new Propel Advanced Pro 1
(Image credit: Giant)

The demand for high-end bikes remains strong according to manufacturer Giant, which has announced a 12.5% jump in revenue for 2022.

However, it also has excess inventory for low to mid-priced components – an area it says has cooled off considerably – while high-end components are still harder to come by, according to a report in Bicycle Retailer.

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After cutting his teeth on local and national newspapers, James began at Cycling Weekly as a sub-editor in 2000 when the current office was literally all fields. 

Eventually becoming chief sub-editor, in 2016 he switched to the job of full-time writer, and covers news, racing and features.

A lifelong cyclist and cycling fan, James's racing days (and most of his fitness) are now behind him. But he still rides regularly, both on the road and on the gravelly stuff.