Here's Why Garmin Is Set Up to Prosper After the Coronavirus Crisis

While many sectors have been hit hard by impacts from the COVID-19 pandemic, some companies have recently been reporting a strong rebound in demand. Outdoor recreation equipment suppliers have seen increasing demand as people can stay socially distant on vacation with recreational vehicles (RVs), boats, and off-road vehicles.

Outdoor enthusiasts have long been turning to Garmin (NASDAQ: GRMN) for high-tech GPS devices used in running, hiking, boating, and flying, among other activities. Growth in those areas has been strong for years for Garmin, and a surge in new users may lead to an even longer runway.

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Source Fool.com