Global Self-Balancing Scooter Market: Overview

Global Self-Balancing Scooter market is anticipated to worth USD 577.1 million by 2025, with a CAGR of 4.6% during 2019-2025. Self-Balancing Scooter is two-wheeled, electric, portable devices that are also commonly known as a hoverboard. They are powered by a battery operated device that in turn powers a motor which gives them the ability to move in all directions. Self-Balancing Scooter function like powered skateboards and consist of a platform for the rider, situated between two wheels and powered by large lithium-ion batteries. The trend of using modern and advanced electronic devices and increasing dependency on mobility equipment are vital factors expected to encourage the growth of the global Self-Balancing Scooter market in the upcoming period.

In addition, low power consumption and low maintenance cost in a self-balancing scooter coupled with alternative to walking and regular electric scooters are estimated to accelerate the growth of the market in the next few years. Moreover, increasing usage for entertainment and commuting purposes in college premises, entertainment parks, and organized events will fuel the growth of Self-Balancing Scooter market in the forecast period. Applications of Self-Balancing Scooter as new devices can be helpful for security guards and police officers in patrolling areas of public places where automobiles might not be an efficient alternative will contribute in the growth of Self-Balancing Scooter market in upcoming periods.

Furthermore, growing uses of Self-Balancing Scooter in office and college campuses owing to their features such as environment-friendly, noise-free and operate on electricity will prompt the global Self-Balancing Scooter market in the future timeline. Also, its advanced features like wireless charging and Bluetooth coupled with the increasing inclination toward advanced electronic devices is expected to provide opportunities in green zone places like college campuses will fuel the global Self-Balancing Scooter market in the forecast period.

Self-Balancing Scooter Product Type analysis

On the basis of Product type, the Self-Balancing Scooter market has been segmented into Unicycle and double wheeled. Double wheeled scooter dominates the global Self-Balancing Scooter owing to growing its uses in college premises, government offices and commuters due to its more flexibility and easier turn. Moreover, its high-performance control technology comes coupled with the number of sensors and advanced processors for ensuring of maximum flexibility and its lightweight in the account of durable aircraft-grade magnesium alloy will induce the global double wheel self-driving scooter. Unicycle market will grow by its features such as faster speed than the double wheel and larger wheel size led to high pace & battery performance is their wheel size.

Self-Balancing Scooter End-Use Industry analysis

On the basis of End-User industry, the global Self-Balancing Scooter market has been segmented Personal use and Commercial use. By end-user industry, Commercial use segment will lead the market due to rising adoption of Self-Balancing Scooter in public places and industry such as office campus, manufacturing facilities and government places such as airport & railways and by police during patrolling for its environmentally friendly and high pace performance features. Personal use segment will trigger by the growing use of it in residential and college campus especially by millennial generation.

Regional analysis of Self-Balancing Scooter Market

On the basis of region, the Self-Balancing Scooter market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe dominates the world Self-Balancing Scooter market over the forecast period owing to the high disposable incomes coupled with rapid urbanization and sufficient campuses and places for utilizing it. North America market will grow by the presence of giant players of the self-balancing scooter, the increment in disposable income of consumers and the availability of ample space to use self-balancing scooters

Objective of the Study:

·         To analyze and forecast market size of the Global Self-Balancing Scooter market in terms of Value and Volume

·         To examine the careful market segmentation and forecast the market size, in terms value and Volume, on the basis of the region by segmenting Self-Balancing Scooter into five regions, namely, North America, Europe, Asia Pacific, Middle East, and their leading countries.

·         To outline, categorized and forecast the global Self-Balancing Scooter on the basis of product type and end-user Industry.

·         To examine competitive developments like expansions, technological advancement, services, and regulative framework within the global Self-Balancing Scooter market.

·         To highlight the impact analysis of the factors, affecting the market dynamics such as drivers, restraints, opportunities, and challenges.

·         To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

Global Self-Balancing Scooter Market Competitive Landscape

Companies such as Hangzhou Chic Intelligent Technology Co., Ltd., Ninebot Inc., Shenzhen Counterbalance Technology Co., Ltd., Inventist, Inc., Segway, Inc., Koogo Technology Inc., Freego Inc., Oxboard B.V., Robstep GB, IPS Electric Unicycle Co., Limited, Evoy Technologies LLC, Razor USA LLC, Sky Walkers USA, RioRand Advanced Technology, ESWING., ,Airwheel, Esway, Solowheel, Evoy Technologies, and Shenzhen Iezway Technology are the key players for Manufacturing of Self-Balancing Scooter.

Key Target Audience:

·         Market research and consulting firms

·         Industry associations

·         Global Self-Balancing Scooter  Services Providers

·         Research organizations and consulting companies

·         Global Self-Balancing Scooter  distributors

·         Organizations, associations and alliances related to Self-Balancing Scooter  market

·         Regulatory bodies

Scope of the Report

By Product Type

·         Unicycle Wheeled

·         Double-Wheeled

By End-User Industry

·         Personal use

·         Commercial use

In addition, the report provides analysis of the Self-Balancing Scooter Market with respect to the following geographic segments:

 

North America

·         U.S.

·         Canada

Europe

·         Germany

·         U.K.

·         Italy

·         France

·         Rest of Europe

Asia Pacific (APAC)

·         China

·         India

·         Japan

·         Australia

·         South Korea

·         Indonesia

·         Rest of Asia Pacific

LATAM

·         Brazil

·         Argentina

·         Rest of Latin America

MEA

·         Saudi Africa

·         UAE

·         Egypt

·         Rest of Middle-East

 

Business Questions answer by the report

·         How will the market drivers, restraints and opportunities affect the market dynamics?

·         What will be the market size in terms of value and volume and market statistics with detailed classification

·         Which segment dominates the market or region and one will be the fastest growing and why?

·         A comprehensive survey of the competitive landscape and the market participant players

·         Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority. And that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

·         With five additional company detail analysis.

·         Additional country analysis.

·         Detailed segment analysis.