What is the Historical Analysis of the Hoverboard Scooter Market Size?
The hoverboard scooter market has seen considerable growth due to a variety of factors.
•In recent times, the hoverboard scooter market has seen a steady expansion. Rising from $8.55 billion in 2024, the market is projected to increase to $8.97 billion in 2025, signaling a compound annual growth rate (CAGR) of 4.9%.
Factors such as its viral popularity and cultural trend, the impact of celebrity endorsements, the emergence of personal mobility devices, the escalation in urban commuting difficulties, and the proliferation of e-commerce and online retail have all contributed to the growth observed in the historical period.
What is the Forecasted Growth of the Hoverboard Scooter Market Size?
The hoverboard scooter market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipation surrounds the hoverboard scooter market, as it's expected to experience significant growth in the coming years. By 2029, the market is projected to reach a size of $11.19 billion, with a compound annual growth rate (CAGR) of 5.7%.
Factors contributing to this predicted growth during the forecast period include ease of production, the usage of social media marketing and user-generated content, competitive pricing points, advanced safety feature integration, the expansion of the electric mobility market, and the acceptance of hoverboards in recreational and sports activities, alongside customization possibilities for individual hoverboard designs. Emerging trends to look out for during this period are innovative hoverboards design and engineering, technological developments in battery technology, usage of sustainable and eco-friendly materials, partnerships between hoverboard brands and tech firms, smart technology and AI integration for better stability and user interaction, and increased personalization options for hoverboard designs.
What Are The Primary Growth Drivers In The Hoverboard Scooter Market?
The growth of the hoverboard scooter market is anticipated to escalate due to the rising trend of green mobility. Green mobility is tied to the utilization of environmentally sound and sustainable transportation methods that cause less environmental disruption than traditional vehicles. Hoverboard scooters, which produce zero emissions and operate on battery power, are well-aligned with the ethos of green mobility. They provide a practical and environmentally friendly option for traveling short distances, particularly in city regions. As per the International Energy Agency, a self-governing intergovernmental organization based in France, global sales of electric cars hit close to 14 million in 2023, a jump of 35% from 2022. This spike resulted in nearly 40 million electric vehicles (EVs) on the roadways. Thus, the rising popularity of green mobility is fueling the growth of the hoverboard scooter market.
What Is The Segmentation Of The Global Hoverboard Scooter Market?
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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What Emerging Trends Are Shaping The Hoverboard Scooter Market Landscape?
Innovations in technology are becoming a prevalent trend in the hoverboard scooter industry. Leading corporations in this market are absorbing these new technologies in order to maintain their market standing. For example, in October 2022, the American electric rideable production company Swagtron unveiled the Shuttle Zipboard, their second generation of hoverboards for children and adolescents. This product blends elements of skateboarding, surfing, and snowboarding, offering an exciting ride. The self-balancing tech incorporated into the board enables riders of varying proficiency to comfortably and precisely negotiate diverse terrains. A patented LiFePo battery, noted for its resilience and safety, powers the board and gives a mileage of approximately 3–5 miles per charge. The Shuttle Zipboard, with its revolutionary design and advanced functionalities such as LED illuminations and a Bluetooth speaker, provides a distinct and enjoyable riding experience for youngsters and teenagers.
Who Are the Key Players 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
What are the Regional Insights into 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
