STOCK TITAN

Garmin releases report highlighting cycling trends from around the world

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Garmin (NYSE: GRMN) released a report on July 10, 2024, showcasing global cycling trends derived from its users. The findings indicate a 7% increase in overall cycling activities and a 12% rise in indoor cycling. Women are the fastest-growing demographic with a 9% activity increase. Cyclists in the UAE are the quickest, averaging 16 mph, while Danish cyclists generate the most power at 196 watts. Italian riders spend the most time on their bikes, averaging over two hours per ride and covering 29 miles. Garmin-sponsored athletes highlight the benefits of products like the Edge® 1040 Solar and Rally™ XC200 pedals. Garmin's cycling product suite offers advanced navigation, performance tracking, and safety features to enhance the cycling experience.

Positive
  • Overall cycling activities increased by 7%.
  • Indoor cycling activities rose by 12%.
  • Women cyclists saw a 9% increase in activities.
  • Cyclists in the UAE average 16 mph, the fastest recorded.
  • Danish cyclists generate an average power output of 196 watts, the highest recorded.
  • Italian cyclists spend over two hours per ride and cover an average of 29 miles.
Negative
  • None.

Data from Garmin users worldwide shows a rise in cycling activities—both inside and outdoors

OLATHE, Kan., July 10, 2024 /PRNewswire/ -- Garmin (NYSE: GRMN) released a report today highlighting how cyclists around the world are logging miles and the positive health benefits they're seeing as a result. Whether riding inside or outdoors, data from the Garmin Connect community shows that cycling activities are on the rise—and they don't appear to be slowing down anytime soon.

Here are some key takeaways from the past year:

  • Cycling activities increased 7% while indoor cycling activities rose 12%.
  • Women cyclists took the top spot as the fastest-growing cycling demographic in the Garmin community with a 9% increase in cycling activities.
  • Garmin users who ride at least 70 miles per week average normalized power of more than 180 watts.
  • Cyclists in the United Arab Emirates log the fastest rides, averaging 16 miles per hour.
  • Cyclists in Denmark record the most powerful rides with an average normalized power output of 196 watts.
  • Riders in Italy spend the most time on their bikes, with each ride lasting just over two hours. They also ride the furthest, with an average distance of 29 miles.

Click here to read the entire report.

Professional athlete approved

Garmin sponsors some of the world's top athletes, including professional cyclists and cycling teams. Here's what some of them have to say about how Garmin's latest cycling products help them crush the competition:

"As a professional off-road cyclist, 90% of my training is done on the bike and is power-based training. I use the Garmin Rally XC200 pedals for my power meter. I tested a lot of power meter options a few years ago and found that the Rally pedals are the most consistent to themselves and also seem to be the most accurate when compared with a calibrated smart trainer. Training or racing in general would really not be possible for me without my Edge® 1040 Solar. In so many ways this computer is like my training partner. A lot of off-road racing now requires self-navigation, so the map screen and ability to load a course with turn-by-turn directions are crucial for my success. Lastly, the Varia radar tail light is a game-changing training tool whenever I am on roads that are shared with cars. It's extremely helpful during efforts to help me stay aware of my surroundings. I often pull over as far to the right as possible when I see a car passing on the screen." –Hannah Shell, professional off-road cyclist and Garmin-sponsored athlete

"I love riding outdoors and on a range of different bikes – the road bike, TT bike, gravel bike; I even get the mountain bike out once in a while. A couple of things are stable across all those bikes though. My Edge 1040 Solar head unit and my Varia radar. In the summer I love the long days on the road bike or the gravel bike and the solar panel on the Edge 1040 Solar makes sure I have plenty of energy to keep going as long as I want. In the winter, however, it can be challenging at times up in Scandinavia as the winters can be dark and cold. In those times, the Varia radar makes an even bigger impact on my ability to get my rides done while bringing awareness to my surroundings. It makes me aware of the cars around me, and the light helps make them aware of me." –Kasper Asgreen, Soudal Quick Step cyclist and Garmin-sponsored athlete

"I call the Garmin system the computer of my sporting life. I see the Edge 840 Solar and Forerunner® 955 Solar as tools that I need for my 'work' as a top athlete. The Edge is where all my training sessions are going through and are fully tracked. In combination with the Forerunner, other physical data such as the number of hours I sleep, is also monitored. That gives me enormous added value to properly monitor my work as a top athlete." –Mischa Bredewold, Team SD Worx-Protime cyclist and Garmin-sponsored athlete

Get ready for your next ride

Whether enjoying a casual cruise around town or preparing for that next big race, Garmin cycling products are ready for any ride.

  • Discover new routes with the Edge lineup of GPS cycling computers – including the Edge Explore 2, Edge 540, Edge 840, Edge 1040 and Edge 1050. These cycling computers combine superior navigation, performance tracking, cycling awareness and smart connectivity to help cyclists enjoy their ride and improve every day.
  • See and be seen with the Varia lineup of rearview radars – including the Varia RTL515, Varia RCT715 and Varia eRTL615 – that warn of vehicles approaching from behind and feature a tail light that brightens and flashes to alert drivers of a cyclist ahead. Varia RCT715 even includes a built-in camera that continuously captures sharp, clear video during any ride.
  • Whether riding on the streets or the trails, the Varia UT800 smart headlight works alone or pairs with an Edge device to help provide light in even the darkest riding conditions. It can even adjust its own brightness based on ambient light conditions when paired with a compatible Edge cycling computer.
  • The Rally Series power meter pedals provide reliable power data and advanced cycling dynamics. Compatible with SHIMANO SPD-SL, SHIMANO SPD or LOOK KEO cleats, they install like any other pedal, making it easy to swap them between bikes.
  • When it's time to take training indoors, Tacx® trainers like the NEO 3M smart trainer and NEO Bike Plus all-in-one smart bike provide accurate data measurements (within 1%) and include unique features like road feel, dynamic inertia and descent simulation to make training feel more lifelike.
  • Premium multisport smartwatches like the Forerunner 965 and fēnix® 7 Pro easily pair with Garmin's lineup of cycling products to track power, advanced cycling dynamics and functional threshold power (FTP) while also monitoring health insights 24/7, like recovery time, sleep, stress and more.

Check out our website to learn more about Garmin's suite of cycling products

Engineered on the inside for life on the outside, Garmin products have revolutionized life for runners, cyclists, swimmers and athletes of all levels and abilities. Committed to developing technology that helps people stay active and elevate performance, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. Visit the Garmin Newsroom, email our media team, connect with @garmincycling on social, or follow our blog.

About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, Edge, Tacx, Forerunner and fēnix are registered trademarks and Rally and Varia are trademarks of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.

Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 30, 2023, filed by Garmin with the Securities and Exchange Commission (Commission file number 0001-411180). A copy of such Form 10-K is available at http://www.garmin.com/aboutGarmin/invRelations/finReports.html. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Media Contacts:
Stephanie Schultz and Natalie Miller
913-397-8200
media.relations@garmin.com

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/garmin-releases-report-highlighting-cycling-trends-from-around-the-world-302192951.html

SOURCE Garmin International, Inc.

FAQ

What are the key takeaways from Garmin's cycling trends report released on July 10, 2024?

Garmin's report shows a 7% increase in overall cycling activities, a 12% rise in indoor cycling, and women as the fastest-growing demographic with a 9% increase in cycling activities.

How have indoor cycling activities changed according to Garmin's 2024 report?

Indoor cycling activities have increased by 12% according to Garmin's 2024 cycling trends report.

Which demographic saw the highest growth in Garmin's 2024 cycling report?

Women cyclists saw the highest growth with a 9% increase in activities.

Which country logs the fastest cycling speeds according to Garmin's report?

Cyclists in the United Arab Emirates log the fastest speeds, averaging 16 miles per hour.

What is the average power output for cyclists in Denmark per Garmin's 2024 report?

Danish cyclists generate an average normalized power output of 196 watts.

How much time do Italian cyclists spend on their bikes, according to Garmin?

Italian cyclists spend over two hours per ride on average and cover 29 miles.

Garmin Ltd

NYSE:GRMN

GRMN Rankings

GRMN Latest News

GRMN Stock Data

41.20B
192.03M
19.22%
56.59%
2.38%
Scientific & Technical Instruments
Search, Detection, Navagation, Guidance, Aeronautical Sys
Link
United States of America
SCHAFFHAUSEN