Garmin revenue share worldwide 2009-2022, by segment

Published by
Thomas Alsop,
Apr 18, 2023
As per recent company data, Garmin earned 11 percent of its revenue from the automotive segment in 2022, whilst the combined outdoor and fitness segment earned 54 percent of the revenue. In total, the firm earned approximately 4.86 million U.S. dollars in revenue in 2022.

Garmin revenue share worldwide from 2009 to 2022, by segment

CharacteristicAutomotive/MobileOutdoor/FitnessAviationMarine
2022 11% 54% 16% 19%
2021 12% 57% 14% 17%
2020 11% 58% 15% 16%
2019 15% 52% 20% 13%
2018 19% 50% 18% 13%
2017 24% 47% 16% 12%
2016 29% 45% 15% 11%
2015 37% 39% 14% 10%
2014 43% 35% 13% 9%
2013 49% 30% 13% 8%
2012 55% 27% 11% 7%
2011 58% 24% 10% 8%
2010 62% 21% 10% 7%
Showing entries 1 to 13 (14 entries in total)
Created with Highcharts 7.2.2Share of revenue70%70%62%62%58%58%55%55%49%49%43%43%37%37%29%29%24%24%19%19%15%15%11%11%12%12%11%11%16%16%21%21%24%24%27%27%30%30%35%35%39%39%45%45%47%47%50%50%52%52%58%58%57%57%54%54%8%8%10%10%10%10%11%11%13%13%13%13%14%14%15%15%16%16%18%18%20%20%15%15%14%14%16%16%6%6%7%7%8%8%7%7%8%8%9%9%10%10%11%11%12%12%13%13%13%13%16%16%17%17%19%19%Automotive/MobileOutdoor/FitnessAviationMarine20092010201120122013201420152016201720182019202020212022
0%25%50%75%100%125%

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Release date

February 2023

Region

Worldwide

Survey time period

2009 to 2022

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