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Analysis
Market Analysis: The sports equipment market 2023
Our annual summary compares the 2023 and 2022 global revenue and market-share development of 39 companies and provides a breakdown by sector.
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News briefs
KMD Brands appoints new CEO
Brent Scrimshaw, with over 20 years of global industry experience, will succeed Michael Daly as the new group CEO.
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Article
Decathlon brings e-bikes to bear on EC’s plans for mobility
Repair and recycling are among the retailer’s top concerns.
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News briefs
Julbo announces leadership change as Beaud retires
Julbo’s Christophe Beaud retires after almost four decades at the helm, handing over the General Manager role to Damien Guillobez.
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News briefs
POC launches digital DTC flagship store
POC has launched a flagship DTC online store this June serving 35 countries in four languages and supporting 13 currencies.
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Article
Taiwan’s fitness equipment giant Dyaco opens e-bike factory
Around two years ago, Taiwanese fitness equipment provider Dyaco International Inc. took over the bicycle factory of ODM and OEM manufacturer Iuvo in Dajia. In doing so, the company invested in its own young e-bike business, including the newly created e-bike brand Cikada. Because the Iuvo factory was located on ...
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Article
Orbea dips below €400 million in sales
Orbea closed out full-year 2023 with its first drop in revenues in eight years, acccording to Palco23. Although the Basque cycling brand does not disclose them in full, sales appear to have come in at around €382.4 million, down by 6.4 percent from the previous year’s €400 million or so. ...
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News briefs
Smith with new sales team for German market
After a long-standing and successful sales partnership with three agencies in Germany, eyewear and helmet specialist Smith, part of Safilo Group, is opening the next chapter for the brand in the German market. Therefore, the brand has welcomed Michael Horstmann and Florian Krach to its sales force. A particularly strong ...
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News briefs
Is there a revolution happening in road helmets?
There was a time when the world’s top cyclists didn’t bother with helmets. However, affordable life insurance has long been a staple for both amateur and professional road bike enthusiasts. But the helmet comes with a drawback: it doesn’t contribute much to making cyclists faster. It adds to the overall ...
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News briefs
Eddy Merckx revives brand with a range of new models
Classic brand Merckx is making a comeback. After a few quiet years, the brand has now released five models on their brand new website – fully customizable for the customer.
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News briefs
New Country Manager for POC in Switzerland
Source: POC Jessica Negele POC, the Swedish manufacturer of ski and cycling helmets, goggles, protection and apparel, is optimizing its management structure in Switzerland. Jessica Negele, previously head of POC’s sales activities in Germany, has additionally taken over the position of Country Manager Switzerland on Jan. 1, ...
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News briefs
United Sports Brands with new CEO
Source: United Sports Brands Phil Gyori, Chief Executive Officer California-based United Sports Brands (USB), the parent company of Pearl Izumi, Shock Doctor, McDavid, Cutters, Nathan and Glukos, has appointed Phil Gyori as its new Chief Executive Officer. His appointment comes in the weeks following the acquisition of ...
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Article
Strava releases Year In Sport Trend Report, social connections most important
Strava has released its Year In Sport: The Trend Report, highlighting global trends among active people across all generations. It reveals that Generation Z’s behaviors and habits differ from other generations, but they also have different motivators, barriers and interests when it comes to staying active. For the report, Strava ...
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Article
Uvex Sports Group with new executive management
Source: Uvex Sports Group Patrick Hebling (left) and Patrick Angeletti (right) The Uvex Sports Group with its brands Uvex, Alpina and Hiplok appointed a new management duo on Jan. 1, 2024. Patrick Hebling and Patrick Angeletti have joined the management board as CEO and CFO/COO, respectively. ...
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News briefs
Alibaba.com records rising demand for smart fitness and sustainable sports products
B2B e-commerce platform Alibaba.com recently published the most important trends among B2B buyers in the sports sector. The Chinese company found that the total number of orders for smart fitness products increased by 51 percent year-on-year (mid-October to mid-November 2023 compared to the same period in 2022). The most popular ...
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News briefs
Eyewear start-up Out Of raises over €7m in crowdfunding
Out Of, the Italian-based sports eyewear start-up, has raised a total of €7.6 million from approximately 580 investors through a 30-day crowdfunding campaign on Mamacrowd earlier this autumn. According to Italian media, it was the largest ever crowdfunding campaign in Italy, close to the legal €8 million upper limit. New ...
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News briefs
Strava appoints former Nike, Google exec as CEO
Source: Strava Michael Martin Strava has announced the appointment of Michael Martin as the company’s new Chief Executive Officer. Martin will also join Strava’s Board of Directors when he takes office on Jan. 2, 2024. The news comes after Michael Horvath, who co-founded Strava 15 years ago ...
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News briefs
Uvex subsidiary BSA to shut down, 190 jobs affected
German Uvex Group plans to close an independent Uvex subsidiary, B-S-A Gesellschaft für Kunststoffverarbeitung und -handel mbH (BSA), based in Obernzell, where bicycle, riding and winter sports helmets have been produced for 30 years, by the end of 2024. All 190 jobs are to be affected by the closure. Uvex ...
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Article
Sports eyewear market to post 7.3% CAGR by 2027, says new report
The global sports eyewear market was valued at $5.7 billion in 2019 and is projected to reach $8.9 billion by 2027, representing a compound annual growth rate (CAGR) of 7.3 percent from 2021 to 2027, according to a new report by Allied Market Research. Key growth drivers will include a ...
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Article
WeSports invests in Tretorn and Thevea Group
Stockholm-based group WeSports has acquired a stake in Thevea Brands Group and Tretorn and established a long-term partnership with the founders and management team. According to WeSports, there is an option to acquire 100 percent of the company if certain conditions are met. Tretorn is one of the most renowned ...