One Wheel Electric Scooter Market Can Touch Approximately USD 355.5 billion, Developing at a Rate of 8.3% by 2035

A one-wheel electric scooter is a personal transportation system powered by electricity and designed for self-balancing. Its portable and cost-effective nature makes it popular among millennials and Generation Z, particularly in urban areas where it offers an alternative to traditional commuting. However, due to safety concerns like footpath accidents, these scooters face restrictions or bans in some countries.

Recreational activities, driven by a shift towards healthier lifestyles, have also fueled the demand for one-wheel electric scooters. These scooters are increasingly used for leisure, with specialized versions like freestyle unicycles for stunts and cruisers for off-road or mountain riding. The growing popularity of such activities is expected to boost the market in the near future.

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E-commerce is becoming a key sales channel for one-wheel electric scooters, with manufacturers either developing their own online platforms or using third-party platforms to reach consumers. To succeed, companies must navigate varying country-specific regulations while focusing on product innovation and expanding manufacturing and sales capabilities for long-term growth.

As per the report, the global one-wheel electric scooter industry was pegged at $130.2 million in 2019, and is expected to reach $355.5 million by 2031, growing at a CAGR of 8.3% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario.

Increase in urbanization and local commute requirements, high portability as compared to other personal electric vehicles, and rise in green mobility have boosted the growth of the global one-wheel electric scooter market. However, low safety compared to other commuting options hinders the market growth. On the other hand, continuous product development would open new opportunities in the future.

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The one wheel electric scooter rentals companies are expanding at a significant pace. Increasing number of startups are interested in building a successful one wheel electric scooter rental platform with unique offers. Electric scooter enthusiasts and travelers are the main target groups for such one wheel electric scooter rental startups. Electric unicycles are expensive and require riders to put in efforts to learn to ride for their own safety. The cost of owning a one wheel electric scooter such as unicycles, hover boards, and others is high. Therefore, the concept of renting a bike and riding has become popular. The expansion of electric scooter rental companies offers potential opportunities for the growth of the market.

Covid-19 scenario:

1. The Covid-19 pandemic adversely impacted the overall production and sales. Due to strict regulations of lockdown and social distancing, the supply chain was disrupted.

2. However, post-pandemic, the demand for one-wheel electric scooter is slowly gaining momentum due to changing demand scenario and growing requirement for personal commute solution.

By application, the off-road activities segment is expected to portray the highest CAGR of 8.5% during the forecast period. In addition, the segment held the largest share in 2021, contributing to nearly three-fourths of the global one-wheel electric scooter market, due to increasing recreational activities across the globe.

By product type, the electric unicycle segment is estimated to register the highest CAGR of 8.7% from 2022 to 2031. In addition, the segment held the largest share in 2021, contributing to more than four-fifths of the global one-wheel electric scooter market, due to its portability and design solution of the system.

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By sales channel, the offline sales segment held the lion's share in 2021, accounting for nearly three-fifths of the global one-wheel electric scooter market, owing to well-established dealers and distributors' networks. However, the online sales segment is estimated to register the highest CAGR of 9.1% during the forecast period, due to increasing internet penetration and changing the outlook of the e-commerce platform.

By region, the global one-wheel electric scooter market across North America held the lion's share in 2021, accounting for more than one-third of the market, due to high demand for portable urban transit solutions. However, the market across Asia-Pacific is estimated to register the highest CAGR of 9.3% during the forecast period, owing to increasing demand for green mobility solutions across the region.

Key Market Players

Airwheel Holding Limited
Changzhou Smilo Motors Co., Ltd.
Dongguan Begode Intelligent Technology Co., Ltd.
Future Motion Inc.
Inmotion Technologies Co., Ltd.
Inventist, Inc.
IPS Electric Unicycle
King Song Intell Co., Ltd.
Ninebot Asia Pte Ltd.
Segway Inc.
SuperRide
Swagtron

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