Garmin Sales: 5.6% Global Share, 11% Quarterly Growth

Garmin and rival smartwatch brands: global shipment share, Q2 2026 (Counterpoint Research)

Garmin‘s smartwatch shipments grew 11% in the second quarter of 2026, lifting its global market share to 5.6%, according to new data from Counterpoint Research. The wider smartwatch market shrank 4% over the same period, the first quarterly fall in a year since Counterpoint recorded a return to growth in 2025.

Counterpoint says Garmin’s growth was driven by strong demand for its high-end outdoor and sports watches. That gave Garmin the second-fastest growth rate among the five leading brands, behind only Apple, despite Garmin having the smallest market share of the group. The growth comes after Garmin reported record revenue for the second quarter of 2026 in July.

Huawei remained the market leader, taking a record 22% share. Its shipments rose 1%, with China accounting for around 80% of its total volume. Apple had the strongest growth among the top five brands, with shipments up 14%. Its market share reached 20.1%, helped by strong demand for the Watch Series 11 and Watch SE 3. Together, the two models accounted for more than 80% of Apple’s shipments during the quarter.

Imoo held a 7.8% share despite a 3% shipment decline. Xiaomi fell to 6.1% share as shipments dropped 38%. All other brands combined held 38.5% of the market, down 8%.

Principal Analyst Anshika Jain said, “Huawei led the market shipments in Q2 2026.”

The wider market is expected to grow just 1% across all of 2026, picking up to an average of 3% a year through 2030, according to Counterpoint. Analysts point to new health features, including blood pressure tracking and needle-free blood glucose monitoring, as reasons buyers will upgrade.

Garmin’s 5.6% share in Counterpoint’s figures is notably lower than the 15% share Omdia reported for the same quarter. The two firms use different definitions and methods for measuring the smartwatch market, which could explain the different results. Omdia’s figures separate basic and budget devices into their own categories, while Counterpoint’s headline smartwatch total appears to include them. That would explain why Apple and Garmin hold a far larger share under Omdia than under Counterpoint, while high-volume budget and children’s watch brands such as Imoo barely register in Omdia’s count.

Last Updated on 9 September 2026 by tfk the5krunner


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