Press release
Comprehensive Hoverboard Scooter Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
Hoverboard Scooter Market
The trend towards more environmentally friendly forms of transportation, often referred to as green mobility, is projected to drive the development of the hoverboard scooter market. The concept of green mobility is tied to the utilization of sustainable, eco-friendly modes of transport that cause less harm to the environment than conventional vehicles. Since hoverboard scooters are powered by batteries and produce no emissions, they fit well within the mandate of green mobility. They are an ideal, eco-friendly option for short-distance travel, particularly in city environments. For example, in 2023, the International Energy Agency, an autonomous intergovernmental organization based in France, revealed that worldwide sales of electric cars had almost reached 14 million, a growth of 35% from 2022. This increase brought the total amount of electric vehicles (EVs) in use to roughly 40 million. As such, the growing trend of green mobility is fueling the expansion of the hoverboard scooter market.
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How will the growth rate of the hoverboard scooter market shape industry trends by 2034?
The market size of hoverboard scooters has been on a stable upward trajectory for a number of years. It's projected to surge from $8.55 billion in 2024 to $8.97 billion in 2025, indicating a compound annual growth rate (CAGR) of 4.9%. The notable surge during the historical period can be accredited to a wide range of factors- its popularity on social media and within pop culture, the impact of celebrity sponsorship, the rise of personal mobility equipment, the escalating difficulties related to urban commuting, and the expansion of e-commerce and online retailing.
The market size of the hoverboard scooter is predicted to experience a robust growth in the coming years, reaching $11.19 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 5.7%. Factors leading to this growth during the forecast period include ease of manufacturing, the use of social media marketing and user-created content, competitive pricing and affordability, incorporation of improved safety features, expansion of the electric mobility market, and utilization of hoverboards in recreational and sports venues, alongside personalized customization options for hoverboard designs. The forecast period will also see significant trends like ingenious hoverboard design and engineering, advancements in battery technology, use of eco-friendly and sustainable materials, collaborations of hoverboard brands with tech companies, implementation of smart technologies and AI for enhanced stability and user-experience, and customized options for unique hoverboard designs.
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What trends are poised to drive the future success of the hoverboard scooter market?
The hoverboard scooter market is increasingly being influenced by technological advancements. To maintain a competitive edge, prominent companies in this market are embracing innovative technologies. For instance, Swagtron, an electric rideable manufacturing firm based in the US, in October 2022, unveiled the Shuttle Zipboard. This second-generation hoverboard for young ones and teenagers blends elements of skateboarding, surfing, and snowboarding for an exhilarating ride. It features self-balancing technology that enables riders of varied abilities to smoothly handle any landscape. The board comes equipped with a patented LiFePo battery renowned for its resilience and safety and can power rides for 3-5 miles on a single charge. The Shuttle Zipboard, with a state-of-the-art design and additional features like LED lights and a Bluetooth speaker, provides a unique and fun-filled ride experience for children and teens.
Which primary segments of the hoverboard scooter market are driving growth and industry transformations?
The hoverboard scooter market covered in this report is segmented -
1) By Product Type: One Wheel Hoverboard, Unicycle
2) By Battery: Lithium-Ion, Lead Acid, Nickel-Metal Hydride
3) By Connectivity: Bluetooth, Wi-Fi, No Connectivity
4) By Sales Channel: Online, Offline
5) By Application: Personal Mobility Device, Business Purposes
Subsegments:
1) By One Wheel Hoverboard: Self-Balancing One Wheel Hoverboards, Off-Road One Wheel Hoverboards, Lightweight One Wheel Hoverboards
2) By Unicycle: Electric Unicycles, Self-Balancing Unicycles, Performance Unicycles
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Which geographical regions are pioneering growth in the hoverboard scooter market?
North America was the largest region in the hoverboard scooter market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hoverboard scooter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the hoverboard scooter market landscape?
Major companies operating in the hoverboard scooter market include Razor USA LLC, Segway Inc., Swagtron, GOTRAX, Hover-1, Jetson Electric Bikes, Epikgo, Halo Board, Skque, TOMOLOO, EPIKGO, CHO Power Sports, Xprit, Megawheels, Gyroor, Sisigad, StreetSaw, Lamborghini, Veeko, Levit8ion, Hoverheart, Felimoda, Hiboy, Hyper GOGO, EverCross, FLYING-ANT, Smart Balance, Longway, CXM Hoverboards, NHT
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What Is Covered In The Hoverboard Scooter Global Market Report?
• Market Size Forecast: Examine the hoverboard scooter market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the hoverboard scooter market for a structured understanding.
• Key Players Overview: Analyze major players in the hoverboard scooter market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the hoverboard scooter market.
• Segment Contributions: Evaluate how different segments drive overall growth in the hoverboard scooter market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the hoverboard scooter market.
• Industry Challenges: Identify potential risks and obstacles affecting the hoverboard scooter market.
• Competitive Landscape: Review strategic developments in the hoverboard scooter market, including expansions, agreements, and new product launches.
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