One Wheel Electric Scooter Market Growth to Surpass $355.5 Million by 2031 | Market Demand, Technological Advancements, and Consumer Trends

The one-wheel electric scooter is a compact, self-balancing personal transportation system that operates on electrical energy, providing an efficient and cost-effective commuting solution. Popular among millennials and Generation Z, these scooters are especially favored in urban areas where transportation preferences are shifting. While generally not subject to strict motor regulations, the rise in accidents on footpaths and sidewalks has led to usage restrictions or bans in some countries.

One-wheel electric scooters are also gaining traction for recreational use as more people turn to leisure activities to promote a healthier, stress-free lifestyle. This trend, along with an increased interest in outdoor recreational activities, is expected to drive further demand for these scooters. Different types of one-wheel electric scooters serve various purposes; for instance, freestyle unicycles, which feature smaller wheels for agility, are used for tricks and stunts, while cruiser unicycles, which combine commuter and mountain scooter features, are popular for off-road and adventure riding.

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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.

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.

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E-commerce is emerging as a key sales channel for one-wheel electric scooters, with manufacturers selling directly online or through third-party platforms to align with changing consumer buying behaviors. Market participants also need to navigate different national regulations on where these scooters can be used, as well as invest in product development and expanded manufacturing facilities to strengthen their market position.

Improvements in battery technology have been crucial to this market's growth, with advancements in lithium-ion, graphene, solid-state, and zinc-manganese oxide batteries offering enhanced energy storage, lower costs, reduced weight, faster charging times, and lower environmental impacts. These innovations provide promising growth opportunities for affordable one-wheel electric scooters.

The rental market for one-wheel electric scooters is expanding as more startups target travelers and electric scooter enthusiasts with rental options. Given the high costs of ownership and the learning curve for safe operation, renting is an appealing alternative. The growth of these rental services is expected to contribute to the overall expansion of the one-wheel electric scooter market.

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.

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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 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.

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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