openPR Logo
Press release

Hoverboard Market to surpass the value of ~US$ 1700 Mn by the end of 2022

01-19-2021 09:06 AM CET | Sports

Press release from: Fact.MR

Hoverboard Market

Hoverboard Market

According to the recent study conducted by Fact.MR, the global hoverboard market will surpass a valuation of US$ 1,700 Mn. The demand for hoverboards has gained traction owing to its increasing affordability. Manufacturers are trying to make the product accessible to a wide pool of consumers, which has led to the availability of hoverboards at a lower-price range. The rising trend of using new-age electronic devices and increasing reliance on mobility equipment is fueling the demand for hoverboard in developed markets.

Request a report sample to gain comprehensive market insights at https://www.factmr.com/connectus/sample?flag=S&rep_id=219

Manufacturers of hoverboards are concentrating on enhancing technology, ergonomics, and range. Moreover, some of the latest hoverboards come with added features such as Bluetooth, Wi-Fi connectivity and wireless charging. Such features in hoverboard are luring more buyers. On the other hand, various instances of technological failure, and malfunctioning continues dampen the surging spirit of the global market for hoverboard. In many countries, government authorities have enforced strict safety regulation of hoverboard manufacturing. Low power capacity and extensive charging time remain few of the other technological limitation of the product.

Global Hoverboard Market – Key Insights

Among regions, the market in Asia-Pacific excluding Japan (APEJ) is expected to present lucrative growth opportunities for players during the forecast period. China remain one of the largest producers of cost-effective electric vehicles including hoverboards. Manufacturing of single and double wheeled hoverboards is expected further escalate in China over the next few years. This, in turn, is projected to support the growth of the hoverboard market in the region over 2022.

For information on the Research Approach used in the Report, Request Methodology@ https://www.factmr.com/connectus/sample?flag=RM&rep_id=219

Based on product type, demand for double wheeled hoverboads is expected to remain strong throughout the assessment period. Global sales of double wheeled hoveboard currently command for over 80% share of the market in terms of revenue. Superior design and more convenience of riding makes double wheeled hoverboads more preferred among consumers.

By wheel size, consumer preference for hoverboards with 6.5 inch wheel size will remain strong in 2017 and beyond. Currently, sale of hoverboards with 6.5 inch wheel sizes more one-third revenue share of the market. Over 1,070 Mn units of hoverboards with 6.5 inch wheel size is expected to be shipped globally towards the end of 2022.

On the basis of application, the recreational activities application segment will retain its top position over 2022. In terms of revenue, the segment presently account for over 70% market share. Between 2017 and 2022, the recreational activities segment is set to reflect a robust CAGR of 6.5%, and surpass a market valuation in excess of US$ 1,300 Mn.

Get Full Access of the Report @ https://www.factmr.com/checkout/219/S

Competition Tracking

Some of prominent companies functioning in the global market for hoverboard include Ninebot Inc., Razor USA, LLC, EPIKGO, Skque Products, Megawheels, Genesis, Shenzhen Rooder Technology Co., Ltd., Airwheel Technology Holding ( USA ) Co., Ltd., HaloBoard, Segway Inc., TOMOLOO Technology Industrial Co., Ltd., SURFUS, Shenzhen Uwheel Technology Co., Ltd., Hangzhou Chic Intelligent Technology Co., Ltd., and Shenzhen JIALIKE Electronic Company Ltd.

Unit No: AU-01-H
Gold Tower (AU)
Plot No: JLT-PH1-I3A
Jumeirah Lakes Towers, Dubai
United Arab Emirates
Contact: +353-1-6111-593
E-mail: sales@factmr.com
Website : https://www.factmr.com

About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports.
We believe transformative intelligence can educate and inspire businesses to make smarter decisions.
We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Hoverboard Market to surpass the value of ~US$ 1700 Mn by the end of 2022 here

News-ID: 2227012 • Views: 307

More Releases from Fact.MR

Thrive In Food & Beverages Industry Is Expected To Boost Sales Growth Of Commerc …
A commercial mixer used as an essential piece of equipment in any restaurant, pizzeria, bakery, or other establishments that makes dough and batter, leaving the contents perfectly mixed and aerated. The busy and hectic lifestyle urges the need to have commercial mixers like equipments; owing to a commercial mixer is the flawless machine for swiftly mixing batches of batter or dough easily. To get in-depth information view the report – https://www.factmr.com/report/4901/commercial-mixers-market The
Expansion In Bakery Industry Is Expected To Triggers Market Sales Growth Of ADA …
The report analyzes incredible industry-related details that have a significant impact on growth. The report closely tracks the growth hot-spots of the global ADA Substitute market over the forecast period 2019 to 2029 The report begins with a brief presentation and overview of the ADA Substitute market, about the current market landscape, market trends, major market players, product type, application, and region. To get in-depth information view the report – https://www.factmr.com/report/4236/ada-substitute-market It
Global Aseptic Carton Bottles Market Is Projected To Generate Higher Sales Reven …
The report analyzes incredible industry-related details that have a significant impact on growth. The report closely tracks the growth hot-spots of the global Aseptic Carton Bottles market over the forecast period 2018 to 2028 The report begins with a brief presentation and overview of the Aseptic Carton Bottles market, about the current market landscape, market trends, major market players, product type, application, and region. To get in-depth information view the report
Advancement In Oil & Gas Industry is Likely To Boost Deflagration Flame Arrester …
The development in energy generation and oil & gas sectors has prompted the higher reception of equipment, for example, deflagration flame arresters, whose proposed capacity is to permit flow, however, keep the transmission of flame from either explosion or deflagration. A deflagration flame arresters are relied upon to develop as an essential gadget sooner and are required to be utilized in different applications such as pharmaceuticals, mining, and others. Distinctive

All 5 Releases


More Releases for Hoverboard

Smart Hoverboard Electric Scooter Market Overview by 2025: QY Research
Global Smart Hoverboard Electric Scooter Market report is designed in a method that helps readers to acquire a complete knowledge about the overall market scenario for the projected period. This Market report consists of the brief profile of key players in the industry and their upcoming market plans and current developments during the forecasted period 2018 to 2025. The report of global Smart Hoverboard Electric Scooter market includes the competitive
04-04-2018 | Sports
Fact.MR
Global Hoverboard Market Report 2017-22: Double Wheeled will Remain the Most Sou …
The global market discussion on hoverboard industry can be found in the latest study by Fact.MR, which has been freshly added to its massive collection of research database. The report is titled “Hoverboard Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which works to enlighten the readers about the major factors prompting the growth of the concerned market. Apart from that, the research majorly focuses on
Hoverboard Scooters Market 2018 Overview, Growth, Forecast 2025
This report studies Hoverboard Scooters in Global market, especially in United States, China, Europe, Southeast Asia, Japan, and India, with production, revenue, consumption, import and export in these regions, from 2018 to 2025. Download Sample Report @ https://www.marketexpertz.com/sample-enquiry-form/1992 The extensive examination of the global business environment provides a detailed analysis of the key driving forces and challenges with the aim to give the stakeholders, business owners, and filed marketing executives a competitive
Report Explores the Global Hoverboard Scooters 2022
In this report, the global Hoverboard Scooters market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Global Hoverboard Scooters market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including IO Hawk Swagway Phunkeeduck Imoto Razor Hovertrax MonoRover Powerboard
HoverBoard Creator Invents Human Transport Device. It's Amazing!
Inventist Inc recently launched the Solowheel Iota via Kickstarter. The Iota is developed by the creator of the original Hovertrax hoverboard. The Solowheel Iota is a super-compact, self-balancing, personal electric vehicle. Based on the larger Solowheel design, Iota gives riders unprecedented freedom to move and travel in any direction effortlessly. Engineered with a unique parallelogram-based turning assist mechanism and an intelligent rider detection system, Iota remains balanced and stable for everyone
Global Hoverboard Scooters Market Research Report 2016
This report studies Hoverboard Scooters in Global market, especially in North America, Europe, China, Japan, Korea and Taiwan, focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering IO Hawk Swagway Phunkeeduck Imoto Razor Hovertrax MonoRover Powerboard Skque Leray Two Wheel Cyboard Chic Robotics Hover Way Street Saw Jetson Fiturbo Veroca Space board Download Sample this Report: http://globalqyresearch.com/download-sample/124589 Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth rate of Hoverboard