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Garmin’s 2021 connected fitness report has provided insight into how consumers have stayed active amid a global pandemic.
From data collected through smartwatches, Garmin saw the number of indoor activities logged by its users double year-over-year. The Kansas-based company also reported a 9.5% uptick in outdoor activities in 2021 compared to the year prior.
Standout year-over-year growth for specific activities:
- Pilates: +108.3%
- Breathwork: +82.7%
- Gravel cycling: +49.5%
- Yoga: +45.4%
- Winter sports: +37.1%
Consumers in North America participated in 34% more yoga activities and 28.5% more on bikes, while Eastern Europe saw an 85% uptick in yoga and a 66% increase in cycling.
South America reported a 125% spike in breathwork activities and an 87% increase in cycling.
Hot and Cold
Garmin posted $1.19 billion in revenue in Q3 2021, a 7% increase year-over-year. The performance was driven by the company’s fitness segment, which generated $342.3 million in revenue during the quarter, up 4% compared to the same quarter a year earlier.
However, operating income was $283 million in Q3, an 11% decline compared to Q3 2020.
Garmin projects full-year revenue to reach roughly $4.9 billion, with growth in all segments.
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