Hoverboard Scooter Market Growth to be Driven by Emerging Trends | $10.92 Billion by 2029

Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.

What is the Projected Market Size of the Hoverboard Scooter Industry?
The market size for hoverboard scooters has experienced regular growth over the past years. The projections indicate that it will augment from $8.55 billion in 2024 to $8.86 billion in 2025, with a compound annual growth rate (CAGR) of 3.6%. Factors contributing to growth during the historical period include its viral fame and cultural impact, celebrity endorsements' influence, the emergence of personal mobility devices, the intensification of commuting issues in urban areas, and the broadening of e-commerce and online retail channels.

What Will Be the Size of the Hoverboard Scooter Market by 2029?
The market for hoverboard scooters is projected to witness robust growth in the forthcoming years, with a potential escalation to $10.92 billion in 2029, reflecting a compound annual growth rate (CAGR) of 5.4%. This predicted growth progression during the forecast period can be credited to factors such as efficient manufacturing accessibility, effective social media marketing and user-generated content, competitive and affordable pricing, implementation of enhanced safety features, the expansion of the electric mobility market, the incorporation of hoverboards in leisure and sports activities, and the ability to customize hoverboards according to individual preferences. Key emerging trends for the forecast period encompass the innovative design and engineering of hoverboards, technological progression in battery technology, utilizing sustainable and eco-friendly materials, partnerships between hoverboard manufacturers and tech firms, the application of smart technologies and AI for stability and user experience enhancement, and customization provisions for personalized hoverboard designs.

Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/hoverboard-scooter-global-market-report

What Are the Key Drivers Accelerating Growth in the Hoverboard Scooter Market?
The rise in the prevalence of eco-friendly travel is anticipated to spur the expansion of the hoverboard scooter market in the future. The term green mobility pertains to the use of sustainable and environmentally-responsible modes of transportation, which greatly diminish the burden on the environment when compared to traditional vehicular options. Being powered by batteries and producing zero emissions, hoverboard scooters are perfectly in line with the green mobility concept. These scooters prove to be an efficient and environmentally-aware option for covering short distances, particularly within city limits. For example, the International Energy Agency, an autonomous intergovernmental organization based in France, reported in 2023 that global sales of electric cars soared to nearly 14 million, reflecting a 35% rise from 2022. This spike escalated the total tally of electric vehicles (EVs) on the roads to roughly 40 million. Consequently, the growing popularity of green mobility is fueling the expansion of the hoverboard scooter market.

Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12522&type=smp

How Is the Hoverboard Scooter Market Segmented by Type, Application, and Region?
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

What Are the Key Trends Driving Growth in the Hoverboard Scooter Market?
Technology-driven advancements are an emerging trend being witnessed in the hoverboard scooter market. Many prominent companies in this market are embracing novel technologies to maintain their market dominance. For example, Swagtron, an American electric rideable producer, unveiled the Shuttle Zipboard in October 2022. This second-generation hoverboard for youngsters and teenagers fuses elements of skateboarding, surfing, and snowboarding to offer a thrilling ride. It employs self-balancing technology, enabling riders of varied proficiency to traverse any terrain with meticulous control. The board comes equipped with a patented LiFePo battery that is notable for its robustness and safety, offering a travel distance of 3-5 miles on one charge. The Shuttle Zipboard, with its innovative design and sophisticated features like LED lights and a Bluetooth speaker, offers a distinct and pleasurable ride for its youthful target audience.

Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=12522&type=smp

Who Are the Leading Companies Driving Growth in the Hoverboard Scooter Market?
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

Which Is the Leading Region in the Global 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

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.