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Hoverboard Scooters market was valued at US$ 485.1 million in 2022 and is anticipated to reach US$ 631.8 million by 2029, witnessing a CAGR of 3.8% - Valuates Reports
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A self-balancing scooter or self-balancing two-wheeled board, commonly referred to as a "hoverboard", is a type of portable, rechargeable battery-powered scooter. They typically consist of two wheels arranged side-by-side, with two small platforms between the wheels, on which the rider stands. The device is controlled by the rider's feet, standing on the built-in gyroscopic, sensored pads.
The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The Major consumption regions of Hoverboard Scooters are North America, Europe, Asia-Pacific, which accounted for about 94% of consumption market share in 2019. Asia-Pacific is the largest consumption region, followed by North America and Europe.
Hoverboard Scooters manufacturers range from large multinational corporations to small privately owned companies in this industry. The leading players are Segway-Ninebot, Hover-1, Chic Robotics, Megawheels, Inmotion, accounting for about 52% revenue market share in 2019.
This report aims to provide a comprehensive presentation of the global market for Hoverboard Scooters, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hoverboard Scooters.
The Hoverboard Scooters market size, estimations, and forecasts are provided in terms of sales volume (K Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Hoverboard Scooters market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
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