What is Hoverboard Scooters - Global Market?
Hoverboard Scooters, a global market phenomenon, are self-balancing personal transporters consisting of two motorized wheels connected to a pair of articulated pads on which the rider places their feet. The rider controls the speed by leaning forwards or backwards, and direction of travel by twisting the pads. The global market for these innovative devices is vast and continually expanding. In 2022, the market value for Hoverboard Scooters was a staggering US$ 485.1 million. This figure is projected to increase to US$ 631.8 million by 2029, demonstrating a Compound Annual Growth Rate (CAGR) of 3.8% from 2023 to 2029. The market is dominated by a few key players, including Segway-Ninebot, Hover-1, Chic Robotics, Megawheels, and Inmotion, who collectively accounted for approximately 52% of the market revenue in 2019.
< 7-inch Wheels, 7-9 inch Wheels, > 9-inch Wheels in the Hoverboard Scooters - Global Market:
The Hoverboard Scooters market can be segmented based on the size of the wheels. The three main categories are less than 7-inch wheels, 7-9 inch wheels, and greater than 9-inch wheels. Hoverboards with smaller wheels, less than 7 inches, are typically more suitable for indoor use or on smooth, flat surfaces. They are lightweight, easy to control, and ideal for younger users or beginners. Hoverboards with 7-9 inch wheels are the most common and versatile. They can handle different terrains, including grass and gravel, making them suitable for outdoor use. Hoverboards with wheels larger than 9 inches are designed for more rugged terrains and long-distance travel. They often come with more powerful motors and longer battery life. However, they are also heavier and may be more challenging to control for inexperienced users. The choice of wheel size depends on the user's needs, skills, and the intended use of the hoverboard.
Children and Teenager, Adults in the Hoverboard Scooters - Global Market:
Hoverboard Scooters are popular among different age groups, including children, teenagers, and adults. For children and teenagers, hoverboards are not just a mode of transportation, but also a source of entertainment. They are used for fun, games, and even for performing tricks. Some schools even incorporate hoverboards into their physical education programs to promote physical activity and coordination. For adults, hoverboards offer a convenient and eco-friendly alternative to traditional transportation for short distances. They are used for commuting to work, running errands, or simply for leisure rides. However, safety is a critical concern for all users, regardless of age. Therefore, it is essential to wear protective gear, including helmets, knee pads, and elbow pads, when riding a hoverboard.
Hoverboard Scooters - Global Market Outlook:
The global Hoverboard Scooters market has shown significant growth in recent years. In 2022, the market was valued at US$ 485.1 million. This value is expected to rise to US$ 631.8 million by 2029, indicating a Compound Annual Growth Rate (CAGR) of 3.8% during the forecast period from 2023 to 2029. The market is dominated by several key players, including Segway-Ninebot, Hover-1, Chic Robotics, Megawheels, and Inmotion. These companies collectively accounted for about 52% of the market revenue in 2019. The growth of the market can be attributed to the increasing popularity of hoverboards among different age groups and the versatility of these devices for various uses.
| Report Metric | Details |
| Report Name | Hoverboard Scooters - Market |
| Forecasted market size in 2029 | US$ 631.8 million |
| CAGR | 3.8% |
| Forecasted years | 2023 - 2029 |
| Global Hoverboard Scooters market, by region: |
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| Global Hoverboard Scooters market, Segment by Type: |
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| Global Hoverboard Scooters market, by Application |
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| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
