The chart above for Q3 Global market share for smartwatches is sweet news for Huawei who show a significantly increased y.o.y. share in a growing market, likewise Samsung. Apple’s dominance at the top becomes slightly more dominant as Fossil worryingly slips back slightly. Surprisingly, at least to me, is the stability of Fitbit’s market share. Garmin also keeps a stable share in a growing market.
The other main trend is that of China as a sales territory. China is now a bigger market than North America and China is also seeing increased growth in ‘adult’-targetted smartwatches.
These figures are somewhat masked by over-stating the importance of unit sales rather than the $-value of sales. ie in North America the market is larger in terms of sales revenue ($).
In case you hadn’t heard of BBK, they own the IMOO brand.
Garmin charging puck — the fastest and most reliable way to top up your Garmin before a session. I use one.
Ravemen FR300 — Front light that mounts directly under your Garmin or Wahoo head unit. Keeps your bars clean and your beam pointed where it matters. I use one.
Body Glide – The blue anti-chafe stick that all swimmers and many runners use. I use it.
Maurten — The race nutrition trusted by elite athletes. Gels and drink mixes engineered to be easy on the stomach. I use them.
Garmin Varia RTL515 — A radar rear light that alerts you to vehicles approaching from behind. Pairs with your Edge or Garmin watch. I use this model.
Favero Assioma Pro RS2 — The power-meter pedals most serious cyclists choose. Accurate, easy to move between bikes. I use this model.
Garmin Forerunner 970 — A serious choice for a pro-grade triathlon watch. I use this.
Polar H10 — My daily driver for accurate, waking HRV readings.
Wahoo ELEMNT Roam 3 — The bike computer that has the feature Garmin lacks: usability. I use mine on most rides.
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tfk is the founder and author of the5krunner, an independent endurance sports technology publication. With 20 years of hands-on testing of GPS watches and wearables, and competing in triathlons at an international age-group level, tfk provides in-depth expert analysis of fitness technology for serious athletes and endurance sport competitors. ID
The previous August one wasn’t actually just straight share, but apparently ‘revenue share’. Versus this is straight market share.
Huh.
I feel like all these research firms like to change the terms of their reports literally every quarter. From redefining what a smartwatch is, to how they present the numbers.
ha. I remember your post on that, tho not the details. IIRC you did mention unit/dollar differences ?
I’m guessing their report will have both flvours of share.
ex-factory share, retail share, unit share, dollar share.
dolalr share is probably most pertinent but unitshare has greater ramifications for the future when people eventually become brand loyal, richer and/or trade up.
So that image caught my eye – because it’s substantially different than the one they shared back in August here (https://www.counterpointresearch.com/global-smartwatch-market-revenue-h1-2020/) – and interestingly, I think I see why.
The previous August one wasn’t actually just straight share, but apparently ‘revenue share’. Versus this is straight market share.
Huh.
I feel like all these research firms like to change the terms of their reports literally every quarter. From redefining what a smartwatch is, to how they present the numbers.
ha. I remember your post on that, tho not the details. IIRC you did mention unit/dollar differences ?
I’m guessing their report will have both flvours of share.
ex-factory share, retail share, unit share, dollar share.
dolalr share is probably most pertinent but unitshare has greater ramifications for the future when people eventually become brand loyal, richer and/or trade up.