According to a research report published by Spherical Insights & Consulting, the Global Hoverboard Scooter Market Size Expected to Grow from USD 8.18 Billion in 2023 to USD 13.41 Billion by 2033, at a CAGR of 5.07% during the forecast period 2023-2033.

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A hoverboard scooter is one form of micro-mobility that is primarily utilized for individual transportation. Typically, the apparatus is made up of two parallel wheels that are joined by a small electronic panel. They must balance the hoverboard by putting their feet on the panel and utilizing their body weight to control it. The hoverboard scooter may be used on both smooth and rough surfaces and has a wide range of speed, weight, and battery capacities. Hoverboards are one of the safest modes of transportation because they don’t emit any pollution and don’t require gasoline. Hoverboard scooters are a growing popularity among young people, which in turn encourages other manufacturers to show interest. However, the shortage of skilled experts significantly limits the market for hoverboard scooters. There is also a greater risk of accidents due to the complex design, which raises health concerns.

Browse key industry insights spread across 187 pages with 110 Market data tables and figures & charts from the report on the Global Hoverboard Scooter Market Size, Share, and COVID-19 Impact Analysis By Product Type (One Wheel Hoverboard and Unicycle), By Speed Limit (25 kmph and More than 25 kmph), By Application (Children & Teenagers and Adults), By Sales Channels (Offline sales and Online Sales), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

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The unicycle segment is anticipated to hold the largest share of the global hoverboard scooter market during the study period.   

On the basis of product type, the global hoverboard scooter market is divided into one-wheel hoverboard and unicycle. Among these, the unicycle segment is anticipated to hold the largest share of the global hoverboard scooter market during the study period. Unicycles are the two people’s favored one-person driving method because of their degree of comfort. You can travel around the city with confidence for at least 10 kilometers on a single charge. It offers total comfort and is among the least expensive options for personal use when commuting.

The 25 kmph segment is expected to hold the largest share of the global hoverboard scooter market during the forecast period.

Based on the speed limit, the global hoverboard scooter market is divided into 25 kmph and more than 25 kmph. Among these, the 25 kmph segment is expected to hold the largest share of the global hoverboard scooter market during the forecast period. Due to automobile innovation and developments the hoverboard maker focuses on adding other amenities such as LED headlights, mirrors, indicators, etc. With more secure adjustable engines and a higher power battery that charges quickly on a single charge, concerning this factor, the 25 kmph sector should grow.

The adult segment is expected to hold the largest share of the global hoverboard scooter market during the forecast period.

On the basis of the application type, the global hoverboard scooter market is categorized into children & teenagers and adults. Among these, the adult segment is expected to hold the largest share of the global hoverboard scooter market during the forecast period. Hoverboards feature outdoor exploration such as city travel, and shopping with safety concerns.  Adult-oriented hoverboards’ reliable structure and premium materials make them for long-term mobility.

The offline sales segment is anticipated to hold the largest share of the global hoverboard scooter market during the forecast period.

Based on the sales channel, the global hoverboard scooter market is divided into offline sales and online sales. Among these, the offline sales segment is anticipated to hold the largest share of the global hoverboard scooter market during the forecast period. Consumers feel more at ease making purchases in person rather than online. However, a customer has access to a wide range of products while making an offline purchase.

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North America is anticipated to hold the largest share of the global hoverboard scooter market during the forecast period.

The growing desire for luxury, rising individual income, and environmentally friendly transportation options together with rising living standards are favorably influencing the growth of the hoverboard market in North America. Hoverboards are becoming a more popular interest for youngsters and teenagers, and continue to lead in this field.

Asia-Pacific is expected to grow at the fastest pace in the global hoverboard scooter market during the forecast period. The Asia-Pacific market benefits from a favorable governmental framework that promotes hoverboard market development as well as the presence of leading industrial manufacturers. In accordance with laws and programs that offer chances for market expansion.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global hoverboard scooter market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

Major vendors in the global hoverboard scooter market are Segway-Ninebot, Future Motion Inc., Halo Board, Shenzhen Gyroor Tech Co., Ltd., Airwheel, SWAGTRON, INMOTION Technologies Co., Ltd, Hitachi Ltd., HoverRobotix, Jetson Electric Bikes LLC, Tomoloo Technology Industrial Co., Ltd., Uboard India Limited, Smart Balance, Bluefin, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In January 2024, Segway launched its new Ninebot S2 Self-Balancing Scooter. This second-generation model, which is currently available for pre-sale purchase, offers more customization options, including an RGB wheel light and taillight customization, adjustable control bar height, and a built-in Bluetooth speaker.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global hoverboard scooter market based on the below-mentioned segments:

By Product Type

• One Wheel Hoverboard
• Unicycle

By Speed Limit

• 25 kmph
• More than 25 kmph

By Application

• Children and Teenager
• Adults

By Sales Channels  

• Offline sales
• Online Sales

Global Hoverboard Scooter Market, By Regional 

• North America
  • US
  • Canada
  • Mexico

• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific

• South America
  • Brazil
  • Argentina
  • Rest of South America

• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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