Self-Balancing Scooter Market: The global market is expected to grow at a CAGR of 23.2% during the forecasted period.

As per the study initiated by Evolve Business Intelligence, the global Self-Balancing Scooter Market size accounted for USD 2.1 Billion in 2022, growing at a CAGR of 23.2% from 2023 to 2033. The self-balancing scooter market refers to the industry that encompasses the production, distribution, and sale of self-balancing electric scooters, commonly known as hoverboards. Self-balancing scooters are personal transportation devices that consist of a platform with two motorized wheels and sensors that enable the rider to control the scooter's movements by shifting their body weight.
The market for self-balancing scooters experienced significant growth in recent years due to factors such as technological advancements, increasing demand for convenient and eco-friendly transportation options, and rising interest in personal mobility devices. These scooters gained popularity among a wide range of users, including commuters, students, and recreational riders, as they offer a fun and efficient means of traveling short distances.
Request Free Sample Report or PDF Copy: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=019462
Key Highlights:
• The global Self-Balancing Scooter Market size was valued at USD 2.1 billion in 2022 growing at a CAGR of 23.2% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has recently released a new market research report on the Global Self-Balancing Scooter Market. The report covers a wide range of aspects, such as market size and forecast, market dynamics, analysis of competitors' market share, value and volume of the market, SWOT analysis, product benchmarking, recent developments of key players, and potential opportunities. Additionally, the market has been assessed based on four indicators in the market dynamic chapter, including Drivers, Restraints, Key Trends, and Challenges.
In terms of COVID 19 impact, the Self-Balancing Scooter Market report also includes the following data points:
• COVID19 Impact on Self-Balancing Scooter Market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Self-Balancing Scooter Market
Buy Latest Copy of Report Now at Higher Discount: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=019462
Key Players
Some of the major Self-Balancing Scooter Market players holding high market share include Halo Board, HoverRobotix, Inventist Inc and IO Hawk Invest. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• Airwheel Holding Limited
• Eswingsports
• Fosjoas
• Freego High-Tech Corporation Ltd
• Halo Board
• HoverRobotix
• Inventist Inc
• IO Hawk Invest
• Oxboard B.V.
• Razor USA LLC
• SEGWAY INC.
• UBoard
• Zhejiang Aerlang Technology Co., Ltd
Segmental Analysis
Market Segment By Vehicle Type with focus on market share, consumption trend, and growth rate of Self-Balancing Scooter Market:
• Unicycle
• Segway
• Hoverboard
• Scooter & bikes
Market Segment By Product Type with focus on market share, consumption trend, and growth rate of Self-Balancing Scooter Market:
• Single wheeled
• Double wheeled
Market Segment By end-use with focus on market share, consumption trend, and growth rate of Self-Balancing Scooter Market:
• Personal Use
• Commercial Use
Parameters Details
Market Size (2022) $ 2.1 Billion
CAGR (2023 to 2033) 23.2%
Market Segmentation Vehicle Type, product type, end-use
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America
For more information: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=019462
Global Self-Balancing Scooter Market Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Benelux
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Australia
o Rest of Asia Pacific
• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

Address
Evolve Business Intelligence
C-218, 2nd floor, M-Cube
Gujarat 396191
India
Email: sales@evolvebi.com
Website: https://evolvebi.com/

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune's global 2000 companies.

This release was published on openPR.