One of the industries facing a unique problem during the COVID-19 pandemic has been exercise equipment manufacturers. As demand has skyrocketed for home gym equipment, so have the lead times for product orders.
Home spin bikes and cycling trainers are no exception, as some of the most notable brands in the space have seen lead times over two months, with some customers reporting delays on top of these initial delivery estimations.
“I can’t believe how hard it is to find gear to work out at home,” one person we spoke with said, regarding her attempt at setting up a home gym, including a spin bike. “Everything is still out of stock or seeing weeks of waiting for it to be delivered.”
While initially major companies like Peloton saw a drastic drop in demand at the beginning of the pandemic, this was short-lived. Since then the brand has reported unprecedented demand and thus their stock price has been driven up over the last year.
Research firm NPD reports that exercise equipment like home spin bikes have seen a 125% increase in demand over the last year. While an eventual return to normal with things like gyms reopening might temper this demand slightly, it also seems fair to estimate that this demand might be here to stay.
Certainly, people will want to return to gyms at some point in the near future, but at the same time, it’s likely that many people will feel safer in their own workout space at home for the foreseeable future.