Fitness & Sporting Goods Industry News – W41 of 2023

1. Spanish Brand, Salter, expects turnover increase, driven by exporting Salter, the Spanish fitness equipment company, is experiencing a significant shift in the bodybuilding machines industry. The CEO, Marta Salter, has raised the company’s 2023 turnover forecast to €14 million, marking a 10% growth from the previous year, driven by...

Wahoo Fitness to Close RGT Cycling Virtual Cycling App

The company said the shift would enable the company to be “dedicated exclusively to our structured training content” with continued improvements to functionality and content supporting cycling, yoga, strength and mobility, running, swimming, and mental training.

Spanish fitness equipment giant Salter increases its turnover forecasts to EUR 14 million

Salter's success story is further embellished by its impressive export figures, which have surged by a remarkable 25% compared to the previous year. Key export destinations include the Netherlands, Sweden, Finland, Portugal, the Middle East, specifically the United Arab Emirates, and South America, with a notable presence in Chile. "Our...

Matrix Fitness Launches Facility 360 Powered by Ecofit

The Facility 360 Powered by Ecofit platform leverages a custom application programming interface (API) integration for connected cardio and strength equipment and proprietary hardware sensors for unconnected cardio and strength equipment to collect data and create a 360-degree view of the facility.

Future Motion Recalls 300,000 Onewheel Electric Skateboards

The recalled products were retailed online at onewheel.com, various other websites, and independent shops across the nation. This spanned from January 2014 through September 2023, with prices ranging between $1,050 and $2,200. Consumers can identify the affected models by checking for the model names printed on the sides of the...

Fitness Equipment & Sporting goods Industry Weekly News- W40 of 2023

1. Philips Licenses Deerma to Enter China’s Home Fitness Equipment Market In an effort to expand its presence in the Chinese home-use fitness equipment market, Deerma(301332.SZ), a publicly listed Chinese company, has taken a strategic move by introducing fitness-related products under the Philips brand. The company announced that its wholly-owned...