Fitness Equipment Industry News Weekly - 2024W22
This week's developments in the fitness equipment industry highlight significant advancements in user engagement, health monitoring, AI-driven fitness solutions, and diversified business model. These innovations are poised to enhance the overall fitness experience, offering personalized, efficient, and environmentally conscious options for users worldwide.
1. Wattbike Launches New Leaderboard Platform
Wattbike has introduced its new Leaderboards feature, designed to enhance user engagement and competition. This platform allows Wattbikers to track performance, set personal records, and compete globally. It includes various challenges such as endurance tests, hill climbs, and speed sprints, accessible through the Wattbike Training Hub app. This initiative aims to boost rider retention and motivation by enabling organizations like sports teams, gyms, and schools to run internal challenges.
2. Kamleon’s Smart Urinals Enter Fitness Gyms
Spanish startup Kamleon plans to launch its smart urinal, the S-Urinal, in gyms and sports facilities. These urinals analyze urine in real-time to monitor users' health, such as hydration levels during exercise. Kamleon aims to install 15 units by mid-2024, with a goal of reaching 450 fitness clubs in three years. This technology is also being tested in various public spaces and sports events.
3. AI Revolution in Fitness: Zing Coach Raises $10 Million
Zing Coach, a fitness app supported by health tech company Palta, has secured $10 million in Series A funding. The app offers personalized AI-driven workout plans and has over a million downloads since its 2021 launch. Zing Coach uses fitness tests, image recognition, and motion analysis to tailor workout intensity. It plans to enhance its AI coach and expand its market presence, particularly in the U.S.
4. Technogym Named Official Equipment Sponsor for 2024 Paris Olympics
Technogym has been named the official fitness equipment sponsor for the 2024 Paris Olympics and Paralympics, marking its ninth consecutive Olympic partnership. The company will equip 29 training centers with around 1,200 pieces of equipment, supporting athletes from over 200 countries across various sports disciplines. Technogym will also provide a professional team to assist athletes with training and equipment use.
5. Fitness equipment company Dyaco Enters the E-Bike Market with New Manufacturing Plant
Taiwan-based Dyaco International Inc. has ventured into the electric bicycle market by establishing a new manufacturing facility and launching the CIKADA brand. The company aims to market its e-bikes in the UK, Germany, the US, and Canada. Dyaco's new facility features advanced production lines and green building technologies, emphasizing environmental sustainability and efficient manufacturing.
6. Hyperice and Nike Collaborate on Recovery Footwear
Hyperice has launched the Normatec Elite, a portable, wireless recovery boot, and partnered with Nike to develop heated massage shoes. The Normatec Elite offers seven levels of compression and a 4-hour battery life. Nike's new line includes high-top shoes with dual airbags for foot and ankle massage and adjustable heating elements. These innovations cater to athletes and those requiring recovery from long periods of standing.
7. Kinomap Integrates with Technogym for Enhanced Virtual Workouts
Kinomap, known for its extensive library of real-world location videos for cardio workouts, is now integrated with the Technogym Ecosystem. This partnership allows users to access immersive virtual workouts directly from Technogym’s equipment without additional apps. The integration offers a 60-day free trial and supports a variety of virtual experiences, enhancing user engagement and motivation during workouts.
By Roger Yao (cs01@fitqs.com) from Shanghai, China
Stay tuned for more updates and insights from the fitness equipment industry in next week's report.
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