News Briefs – Page 2
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News briefsThe global fishing reel market is estimated to reach $5 billion by 2027
The worldwide fishing reel market is expected to reach US$5,075.54 million by the year 2027, which would represent a compound annual growth rate (CAGR) of 4.6 percent during the 2020-2027 period. According to a new report by ResearchAndMarkets, titled “Global Fishing Reel Market, By Reel Type, By Reel Mechanism, By ...
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News briefsGfK sees pandemic and inflation clouding consumer sentiment in Germany
According to the latest GfK consumer climate study, consumer sentiment in Germany cooled off noticeably in December. Both economic and income expectations and propensity to buy fell significantly. With the propensity to save also rising again, GfK forecasts a consumer climate of -6.8 points for January 2022, five points lower ...
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News briefsSpain’s outdoor exports grow strongly in H1 2021 compared to pre-Covid period
According to the Spanish business magazine Palco23, citing figures from Icex Spain Export and Investment, Spain’s exports of outdoor equipment reached a total of €122.5 million between January and June 2021, an increase of 67.5 percent compared to the same period in 2019. Over the past five years, exports in ...
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News briefsRoad safety is the biggest barrier to more women biking
New research in the U.K. has shown that concern over road safety remains the biggest barrier to getting more women cycling. According to an independent nationwide survey commissioned by bike insurance provider Laka, 42 percent of women do not feel confident riding a bike on U.K. roads. More than 41 ...
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News briefsGlobal canoeing and kayaking equipment market on the rise, driven by North America
The global canoeing and kayaking equipment market is expected to grow by US$105.37 million during the 2021-2025 period, according to new market research by Technavio. This would represent a compound annual growth rate (CAGR) of nearly 2 percent during the forecast period, with North America likely to generate 41 percent ...
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News briefsContactless card transactions will reach $2.5 trillion in 2021, new research says
The value of global contactless card transactions will reach $2.5 trillion in 2021, up from $1.7 trillion in 2020, and cards will continue to account for the largest share of total transaction value in 2021, at 79 percent, according to a new report from U.K.-based market research firm Juniper Research. ...
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News briefsPortugal is the largest bicycle producer in the EU for the second consecutive year
According to 2020 data released by Eurostat on July 20, Portugal is the largest bicycle producer in Europe for the second year in a row, with a total production of 2.6 million units. In 2019, the country had risen to the number one position in Europe for the first ...
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News briefsOutdoor products represent one third of Moscow’s sporting goods exports
In 2020, Moscow exported sporting goods for $17.06 million, accounting for nearly a third of Russia’s overall exports of such products, said Vladimir Efimov , deputy mayor of Moscow, in a recent press conference. Outdoor products represented 33.5 percent of the total export turnover, he said, while adding that deliveries ...
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News briefsRussia’s bicycle market is still shaken
Russia is still experiencing a shortage of bicycles, while the average price has increased by 10 to 35 percent since the beginning of the year, retailers reported. Russia’s Velograd said the shortage is likely to last throughout 2021, and it will take two to three years for the situation ...
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News briefsSport not among top e-commerce performers in Spain
Sport does not figure among the chief product categories in Spanish e-commerce. So says the latest edition of an annual study put out by Elogia , a Spanish digital marketing agency, and IAB Spain , which claims to be the world’s largest association of communications, advertising and digital marketing agencies. ...
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News briefs
Covid mobility study: Germans travel more on foot and by bike
The Covid-19 pandemic has led many Germans to rethink their own mobility: just under 40 percent said they wanted to change their mobility behavior as a result. The trend is clearly toward more pedestrians (+64 percent) and cyclists (+50 percent). The respondents also want to fly less frequently in the ...
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News briefsMarketmedia24 forecasts growth of German athletic footwear industry until 2028
Market researchers from the Cologne-based market research and consulting institute Marketmedia24 , who calculate future prospects for numerous consumer goods markets based on scientific methods, have concluded that the German athletic footwear industry does not have to worry much about future sales. According to the report, there will be ...
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News briefs
E-bike buyers are younger in Germany and Belgium than in the Netherlands
Figures from the annual GfK e-bike Monitor 2020 , which was first launched in the Netherlands in 2018, show more young e-bike buyers in Germany and Belgium than in the Netherlands. Among e-bike buyers, the age groups 50 and 65+ are less strongly represented in these countries than in the ...
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News briefsEuropean consumers are interested in textiles’ care and eco-care instructions
A new survey from GINETEX , the International Association for Textile Care Labelling , has shown that 65 percent of consumers want to see more environmental information and ecological care recommendations on care labels. While the size (96 percent) and composition of textiles (74 percent) remain the most sought-after ...
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News briefsRussian outdoor segment showed solid performance in 2020
The outdoor segment of the Russian sporting goods market experienced strong growth in sales last year, to a large extent thanks to a cold winter in the 2020/21 season, and because during the winter months, more customers spent their vacations in Russia, Ilya Titarenko , distribution director of the Russian ...
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News briefsGfK sees slow but possible recovery of consumption in Germany
In its monthly study in Germany this May, GfK market researchers found consumer sentiment “rather bright than muted,” caused by falling illness rates and success in Covid-19 vaccinations. With more employees coming out of short-time work and incremental re-openings of stores and restaurants, conditions are good for a ...
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News briefs
Retail sales in the U.K. rise thanks to clothing and footwear
In April, U.K. retail sales rose by 9.2 percent month-on-month in volume thanks to the easing of Covid-19 restrictions, including the re-opening of all non-essential retail from April 12 in England and Wales and from April 26 in Scotland. During the period, sales for textile, clothing and footwear stores rose ...
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News briefsFrench bicycle sales record double-digit growth
According to figures from UNION sport cycle , the French sporting goods industry association, the bicycle market (bicycles, parts and accessories) reached the milestone of €3 billion in value for the first time in 2020, representing a 25 percent increase over the previous year. Overall sales of all ...
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News briefs
Purchasing power in German-speaking countries remains strong
GfK has just published the latest data on purchasing power in German-speaking countries. According to the data analytics company, the Swiss will once again have significantly more money to spend and save in 2021 than neighboring Austrians and Germans with an average per capita spending power of €40,739. Austrians ...
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News briefsLarge increases in purchases and production of bikes in Italy
A total of 2.01 million bicycles were sold in Italy in 2020, or 17 percent more than in the previous year, according to data provided by the Associazione Nazionale Ciclo Motociclo Accessori ( ANCMA ), the Italian bike industry association. The Covid-19 pandemic contributed to the strong increase, driving the ...
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