Turnover may be higher in other transportation sectors, but bicycle firms are experienced a higher rate of sales growth. Accell has reported 21 percent sales growth and Shimano’s sales have risen by 76 percent. In contrast, Boeing’s sales increased by 11 percent and the Fiat-Chrysler group grew by 19 percent.
"It’s almost certain that the bike sector will come on top once again in the coming years," concludes Bike-eu.com.
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Mid-Year Earnings Revenue Growth 2015
Automotive
Ford -5.50%
GM -3.70%
Fiat – Chrysler +19.30%
Toyota +8.40%
Honda +7.30%
VW +10.30%
Daimler +16.20%
Trucking
Paccar +10.30%
Navistar -1.90%
Volvo +16.80%
Aerospace
Boeing +11.30%
Airbus +15.84%
Tier 1 Automotive Suppliers