The COVID-19 pandemic has resulted in widespread economic damage, with businesses across various industries shutting down or experiencing reduced demand. However, several sectors have been largely unaffected by the pandemic and, in fact, have and will continue to experience tremendous growth. Here are just a few examples of industries that have been unexpectedly thriving during the pandemic. As the world adapts to the new reality of post-COVID-19, it will be interesting to see which other industries emerge as undefeated winners in the post-pandemic economy. Check out businesses that were booming through the pandemic, and are now poised to take over the world.
Home Fitness Equipment Was Booming During the Pandemic
The first industry that comes to mind is the home fitness industry. During the pandemic and the closure of brick-and-mortar gyms, people quickly started looking for ways to stay in shape. While doing Youtube fitness videos or guides and creating gym at-home gyms was not an innovative idea at the beginning of the pandemic, the home fitness industry truly saw a boom. The sales of equipment and subscriptions to online workout programs drastically increased. The entire sports equipment industry had an estimated of $15 in 2021. It will likely reach $16.8 by 2025. This is likely because the pandemic forced many gyms and fitness studios to close their doors during the pandemic. According to Industry News, a staggering 22% of brick-and-mortar gyms have closed since the pandemic. But what started as the only option is becoming pretty much the norm.
Online home fitness is thriving, and there is no question that it will continue. People are increasingly curious about finding new and convenient ways to stay active. Plus, the internet has provided a wealth of options. From streaming workout classes to on-demand fitness programs, there is no shortage of ways to get your heart pumping. What’s even better? You can do it from the comfort of your own home. Luckily, we are not in the middle of the pandemic anymore. Yet, many people still to look for safe and affordable ways to stay fit. The online home fitness industry has something for everyone. That includes free YouTube superstars that offer a killer workout to the more high-end competitors such as Peloton. So, whether you’re a seasoned gym rat or a complete beginner, an online workout is perfect.