Garmin clocks double-digit growth in India in 2021

By

Maverick Martins

Published
Apr 12, 2022

Leading wearable brand Garmin India, a unit of Garmin Ltd clocked double-digit revenue growth in 2021 on the back of strong sales in the fitness and wellness segment.
 

The smartwatch segment was the highest contributor to the revenue with ‘Venu’ smartwatch one of the best-selling products among others.
 
Globally, Garmin recorded a 19 percent growth over last year in consolidated revenue of $4.98 billion in 2021.

"As people are becoming more health-conscious, especially after the impact of Covid-19, the Garmin Venu smartwatch series grew by 124 per cent in 2021 compared to 2020. Also, since the outdoor cycling trend is growing in India, Garmin's EDGE series has become popular among cyclists and grew by 86 per cent in 2021 as per Garmin Connect Data,” Ali Rizvi director of Garmin India told IANS.
 
Garmin sees huge potential for growth in the country’s booming smart wearables market and has also been expanding its retail presence across India. It currently sells through online and offline channels pan India.