It is easy to think that business news is all doom and gloom because of the pandemic. While there are a lot of companies who have folded during this difficult time, many others have flourished. Here are the top 5 industries that have thrived.
Home improvements have been big business during the pandemic. People have spent more time at home, and they have had time to notice their surroundings more. This has led to a vast increase in the home improvements industry. Many people on furlough have spent their time getting involved in DIY projects, which has led to a boom in business for the DIY stores. Others have hired people to do the work for them which has led to a massive increase in demand for tradespeople such as plumbers and painters. Gardens have not gone untouched either with massive sales in patio furniture, and landscaping businesses have thrived as people have been keen to entertain in their garden if they can’t use their home.
The online gaming industry has thrived during the pandemic as people have needed to occupy their time without leaving their homes. Online casinos and other online gaming sites have seen a massive increase in business. People have been desperate for entertainment, but their choices have been limited as so many entertainment industries have been in lockdown. There has also been a rise in the amount of business seen by online streaming industries and chat platforms such as Zoom as people want to stay in touch with friends and family.
The home fitness industry has been manic over the past fifteen months or so. With gyms and leisure centres on lockdown, people have been looking to create their own gyms at home by buying weights and machines that help them to work out and keep fit. This increase in popularity has not stopped at home gym equipment either. The personal trainer industry has seen rapid growth over the pandemic period, especially as it has moved online. Encouraged by the success of Joe Wicks, many personal trainers have worked through platforms such as Teams to encourage people to carry on keeping fit.
As nobody has wanted to leave their house, their shopping has been done online and delivered to their homes. This has seen a massive increase in the profitability of the home delivery market through companies such as Amazon and Deliveroo. This has also increased business for delivery drivers and courier companies as more staff have been needed to deliver the merchandise. Any company that has been involved in the delivery business during the pandemic has thrived and it is believed that the last year or so has totally changed the way we shop. This means that business in this industry is unlikely to return to pre-pandemic levels.
These 5 industries have thrived during the pandemic and profits have soared. This has led to a rise in the number of people employed in these industries and there have been new opportunities for many.