The VoicE 2020 Q4 - Page 11

The VoicE Q4

The global Covid-19 pandemic has changed how we live - from working and educating our children at home , to limiting social contact with friends and family . We saw firsthand what a huge , unexpecteddemand can do to a supply chain – essential household items like cleaning products and paper supplies were impossible to find at the height of the quarantine . The unusual buying patterns didn ’ t just disrupt the grocery stores – the fitness equipment industry is also seeing a major shift in buying habits and product availability .

• FACT - In the United States alone : 130 % rise in fitness equipment sales and all its categories , i . e . weight benches + 259 %, free weights + 181 %, stationary bikes + 170 %, yoga mats + 146 % -

As we continue to slowly transition back into public places , many fitness enthusiasts have adapted their workspaces , exercise routines , and purchasing habits to support a social distancing at-home lifestyle . The demand for fitness equipment by consumers will hold steady and high- fueled by the increase in number of virtual fitness programs and the desire to expand exercise options by adding a variety of equipment .

• FACT - according to data from Yelp . com ** – exercise facility closures led to a 547 % increase in interest in online search for fitness & exercise equipment

Power Systems is aware of this shift in the market demand and we have been working diligently to ensure we have equipment available in quantities to support gym openings , new studio fitness programs , and facility renovations . We can do this together with communication . By starting conversations earlier in the planning process , we can reserve and order equipment for our commercial fitness customers that provide early access to inventory requests and forecasts .

Stay tuned as we continue to update this page with information and tips to help you with your projects in 2021 !

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