Global Hoverboard Scooter Market Insights Forecasts to 2033

• The Global Hoverboard Scooter Market Size was Valued at USD 8.18 Billion in 2023
• The Market Size is Growing at a CAGR of 5.07% from 2023 to 2033
• The Worldwide Hoverboard Scooter Market Size is Expected to Reach USD 13.41 Billion by 2033
• Asia-Pacific is Expected to Grow the fastest during the forecast period.

The Global Hoverboard Scooter Market Size is Anticipated to Exceed USD 13.41 Billion by 2033, Growing at a CAGR of 5.07% from 2023 to 2033.

Market Overview

The hoverboard scooter is a type of micro-mobility that is mostly used for personal transportation. It is driven by electric sources and has one or two wheels. Usually, the device consists of two parallel wheels connected by a tiny electronic panel. The hoverboard must be balanced by operating it using their body weight and placing their feet on the panel. The hoverboard scooter has many speed ranges, weight capacities, and battery capacities, and can be used on both smooth and rough surfaces. Because they produce no emissions and don't need gasoline, hoverboards are one of the safest forms of transportation. The growing environmental concerns are a driving force behind the growth of the hoverboard scooter market.  

Several factors drive the industry, including changing local travel needs and increasing urbanization. Furthermore, key market players include Lexus, Razor Inc., Ducati Motor Holding S.p.A, Gogoro Inc., Dynacraft BSC Inc., Bluefin Robotics Corp, TOMOLOO, and Segway Inc. The market for hoverboard scooters will be driven by the increase in demand for battery-operated vehicles as well as the desire to create cutting-edge, novel forms of transportation.    

For instance, in June 2023, Luna Systems and Segway-Ninebot provided secure shared micro-mobility solutions by integrating Luna's highly accurate algorithmic solutions throughout Segway's platforms. Luna's Computer Vision technology tackles issues like e-scooter vendors colliding with people and people riding on sidewalks. The market will grow as a result of the swift advancements made to raise safety requirements and make products available in a variety of sizes and shapes to suit all age groups.

Report Coverage

This research report categorizes the market for the global hoverboard scooter market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global hoverboard scooter market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global hoverboard scooter market.

Driving Factors

Traveling is now more unique due to hoverboard scooters, which are becoming a very popular trend among youngsters due to their hand-vibration capabilities and environmental friendliness. As a consequence, young people's awareness of the need to be environmentally friendly provides a driving force behind the launch of new transportation models, which in turn inspires other manufacturers to take an interest. Hoverboard scooters provide several benefits as a mode of transportation, even if their main selling point is ease. They are particularly connected to shifts in purchasing and fashion trends that promote personal and environmental responsibility. Thus, the primary driver of market expansion will be millennials who purchase hoverboard scooters in place of other typical modes of mobility.

Restraining Factors

Skilled personnel are necessary to operate hoverboard scooters appropriately. The market for hoverboard scooters is severely restricted by the lack of qualified professionals. Moreover, the intricate design leads to a higher chance of accidents, resulting in increasing concern about health. One major obstacle influencing the hoverboard scooter business is the prompt reporting of scooter issues and battery overheating resulting in fires.

Market Segmentation

The global hoverboard scooter market share is classified into product type, speed limit, application, and sales channels.

• The unicycle segment is expected to hold the largest share of the global hoverboard scooter market during the forecast period.   

Based on the product type, the global hoverboard scooter market is divided into one wheel hoverboard and unicycle. Among these, the unicycle segment is expected to hold the largest share of the global hoverboard scooter market during the forecast period. Unicycles are developing frequently. Due to their level of comfort, unicycles are the preferred one-person driving technique for the two. A single charge allows you a minimum of 10 kilometers of reliable travel across the city. It is one of the most affordable ways to commute for personal use and provides complete comfort. The market for hoverboard scooters will be mostly driven by the growing use of hoverboards in modern times for easy and efficient manufacture.   

• The 25 kmph segment is expected to hold the largest share of the global hoverboard scooter market during the forecast period.   

Based on the speed limit, the global hoverboard scooter market is divided into 25 kmph, and more than 25 kmph. Among these, the 25 kmph segment is expected to hold the largest share of the global hoverboard scooter market during the forecast period. The upcoming one-wheel electric bikes, however, have LED lights for safe nighttime riding, a higher wattage battery that provides quick recharging to last up to 100 km on a single charge, and much more secure adjusting engines. Thus, at the moment, the 25 kmph segment controls the largest share of the business.

• The adults segment is expected to hold a significant share of the global hoverboard scooter market during the forecast period.   

Based on the application, the global hoverboard scooter market is divided into children & teenagers and adults. Among these, the adults segment is expected to hold a significant share of the global hoverboard scooter market during the forecast period. Adult riders of all sizes can enjoy a stable, comfortable ride on hoverboards with stronger construction and larger weight capacities, which are designed to withstand frequent and intense use. Adaptable features let users personalize the experience, making them perfect for outdoor exploration, shopping, and traveling in cities. Hoverboards targeted towards adults are a dependable, long-term mobility option because of their high-quality materials and strong structure.

• The offline sales segment is expected to hold the largest share of the global hoverboard scooter market during the forecast period.

Based on the sales channel, the global hoverboard scooter market is divided into offline sales and online sales. Among these, the offline sales segment is expected to hold the largest share of the global hoverboard scooter market during the forecast period. Due to customers' comfort level in making in-person purchases as opposed to online shopping, supremacy might be attributed to this. But while purchasing offline, a customer can choose from a large selection of products.

Regional Segment Analysis of the Global Hoverboard Scooter Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global hoverboard scooter market over the predicted timeframe.

North America is anticipated to hold the largest share of the global hoverboard scooter market over the predicted timeframe. The hoverboards are becoming a more popular interest for youngsters and teenagers, North America continues to lead in this field. Because hoverboards are becoming more and more popular in commercial settings, North America is thought to be the most promising market. Moreover, one of the main factors predicted to support market growth in this region is high discretionary income combined with affordable and environmentally friendly transportation options. In addition, the growing desire for luxury and convenient products together with rising living standards is favorably influencing the growth of the hoverboard market in North America.  

Asia-Pacific is expected to grow at the fastest pace in the global hoverboard scooter market during the forecast period. The Asia-Pacific market benefits from a supportive governmental environment that encourages the development and innovation of the hoverboard market in addition to being home to top industrial manufacturers. According to government initiatives and regulations that provide funding and opportunities for market growth. Being the top hoverboard scooter manufacturer is a major contributing reason to the region's control, as there are already well-known manufacturers who have established themselves and developed an established name.  

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global hoverboard scooter market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.  

List of Key Companies

• Segway-Ninebot
• Future Motion Inc.
• Halo Board
• Shenzhen Gyroor Tech Co., Ltd.
• Airwheel
• SWAGTRON
• INMOTION Technologies Co., Ltd
• Hetechi Ltd.
• HoverRobotix
• Jetson Electric Bikes LLC
• Tomoloo Technology Industrial Co., Ltd.
• Uboard India Limited
• Smart Balance
• Bluefin
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In January 2024, After announcing its lineup of CES 2024 announcements earlier this month, Segway is currently launching its new Ninebot S2 Self-Balancing Scooter. This second-generation model, which is currently available for pre-sale purchase, offers more customization options, including an RGB wheel light and taillight customization, adjustable control bar height, and a built-in Bluetooth speaker. Best of all, it costs $150 less than its predecessor.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global hoverboard scooter market based on the below-mentioned segments: 

Global Hoverboard Scooter Market, By Product Type

• One Wheel Hoverboard
• Unicycle

Global Hoverboard Scooter Market, By Speed Limit

• 25 kmph
• More than 25 kmph

Global Hoverboard Scooter Market, By Application

• Children and Teenager
• Adults

Global Hoverboard Scooter Market, By Sales Channels  

• Offline sales
• Online Sales

Global Hoverboard Scooter Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa