By now, we’re all feeling the full effects of the COVID-19 pandemic. Still in lockdown, not quite back to the office, and by no means back to sporting events, gyms and team sports (although now, there is a light at the end of the tunnel). The global pandemic has made its way through the majority of industries, but how exactly has it made its mark on the sporting industry?
In 2018, the industry was estimated to be worth $471billion, with things only looking upwards. Coronavirus has brought many of the sporting industries to a halt, impacting many parts of the chain, from the players, the leagues and teams, all the way through the channels, venues and broadcasters that cover the events. On the flipside, home workout equipment has boomed! Has anyone else struggled to get their hand on equipment?
Although lockdown has seen a significant rise in home workouts, more runners than you can imagine outside our doors, and a steady increase in the sales of home gym equipment, local gyms and leisure centres and taken a hit with a lack of visitors, extending the trail of chaos that COVID-19 is leaving behind.