Market Overview:
The global balancer scooter market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing adoption of balancer scooters for personal and commercial use. Additionally, the growing awareness about the health benefits associated with using balancer scooters is also contributing to the growth of this market. Some of the major factors that are restraining the growth of this market are high cost and lack of awareness about these products in some regions. The global balancer scooter market can be segmented on the basis of type into single wheeled and double wheeled balancers. The single wheeled segment is expected to account for a larger share than double wheeled duringthe forecast period from 2018to 2030 owingto its higher adoption rates for personal as well as commercial use cases.
Product Definition:
A balancing scooter, also known as a balance board, is a two-wheeled transportation device that relies on the rider's ability to maintain balance in order to stay upright. Balancing scooters are often used for recreation, but can also be utilized for basic transportation needs. The importance of balancing scooters cannot be overstated; they provide an efficient and fun way to get around while improving balance and coordination.
Single Wheeled:
Single wheeled balancing scooters are also known as one-wheeled balancing scooters or unicycles. They have only one wheel and no pedals. These vehicles are usually used for short distances for purposes such as shopping, traveling to work, and so on.
Double Wheeled:
Double wheeled scooters are vehicles having two wheels, one behind the other. The basic design of these scooters has not changed much over the past decades. However, there have been numerous developments in terms of technology and materials used to build these vehicles.
The first double-wheeled vehicle was manufactured by Edgeware Ltd., a company based in England, in 1965.
Application Insights:
The commercial use segment dominated the global market with a share of more than 60.0% in 2017. Rising demand for balancing scooters for mobility and healthcare applications is expected to be a key factor driving the segment growth over the forecast period. In addition, increasing investments by companies in developing countries such as India, China and Brazil are expected to further propel product demand over the next eight years.
Personal use accounted for a significant share of 37.3% in 2017 owing to rising awareness about fitness among individuals aged 40 years and above across various regions including North America, Europe and Asia Pacific on account of growing geriatric population base which has increased spending on gymnasiums.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The regional growth can be attributed to increasing product demand as a result of rising health consciousness among consumers, coupled with an increase in their disposable income. China is estimated to remain a key consumer for the APAC region owing to its large population base and growing middle-class population. Moreover, India has also witnessed significant growth due to increased product adoption by commercial operators.
Europe accounted for more than 20% of the overall revenue share in 2017 owing to high demand from countries such as Germany, France, U.K.
Growth Factors:
- Increasing urbanization: The global population is increasingly moving towards the cities, which is leading to increased demand for transportation options such as balancing scooters.
- Rising income levels: With rising income levels, consumers are able to afford more expensive products such as balancing scooters. This is leading to increased demand for these products.
- Improved technology: The technology of balancing scooters has been improving rapidly in recent years, making them more efficient and user-friendly. This is attracting more consumers to them and driving market growth.
- Growing awareness: There has been a growing awareness about the benefits of using balancing scooters in recent years, which is helping fuel market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Balancing Scooter Market Research Report
By Type
Single Wheeled, Double Wheeled
By Application
Personal Use, Commercial Use
By Companies
Ninebot, Inventist, IPS Electric Unicycle, Robstep, Hangzhou Chic Intelligent Technology, Solowheel, Segway, Oxboard, Freego, Ninebot
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Balancing Scooter Market Report Segments:
The global Balancing Scooter market is segmented on the basis of:
Types
Single Wheeled, Double Wheeled
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Personal Use, Commercial Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ninebot
- Inventist
- IPS Electric Unicycle
- Robstep
- Hangzhou Chic Intelligent Technology
- Solowheel
- Segway
- Oxboard
- Freego
- Ninebot
Highlights of The Balancing Scooter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Wheeled
- Double Wheeled
- By Application:
- Personal Use
- Commercial Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Balancing Scooter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Balancing scooter is a type of electric scooter that helps people stay upright while they are riding. It has two large wheels at the front and two small wheels at the back, which help to keep the rider in balance as they ride.
Some of the major companies in the balancing scooter market are Ninebot, Inventist, IPS Electric Unicycle, Robstep, Hangzhou Chic Intelligent Technology, Solowheel, Segway, Oxboard, Freego, Ninebot.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Balancing Scooter Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Balancing Scooter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Balancing Scooter Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Balancing Scooter Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Balancing Scooter Market Size & Forecast, 2018-2028
4.5.1 Balancing Scooter Market Size and Y-o-Y Growth
4.5.2 Balancing Scooter Market Absolute $ Opportunity
Chapter 5 Global Balancing Scooter Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Balancing Scooter Market Size Forecast by Type
5.2.1 Single Wheeled
5.2.2 Double Wheeled
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Balancing Scooter Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Balancing Scooter Market Size Forecast by Applications
6.2.1 Personal Use
6.2.2 Commercial Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Balancing Scooter Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Balancing Scooter Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Balancing Scooter Analysis and Forecast
9.1 Introduction
9.2 North America Balancing Scooter Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Balancing Scooter Market Size Forecast by Type
9.6.1 Single Wheeled
9.6.2 Double Wheeled
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Balancing Scooter Market Size Forecast by Applications
9.10.1 Personal Use
9.10.2 Commercial Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Balancing Scooter Analysis and Forecast
10.1 Introduction
10.2 Europe Balancing Scooter Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Balancing Scooter Market Size Forecast by Type
10.6.1 Single Wheeled
10.6.2 Double Wheeled
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Balancing Scooter Market Size Forecast by Applications
10.10.1 Personal Use
10.10.2 Commercial Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Balancing Scooter Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Balancing Scooter Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Balancing Scooter Market Size Forecast by Type
11.6.1 Single Wheeled
11.6.2 Double Wheeled
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Balancing Scooter Market Size Forecast by Applications
11.10.1 Personal Use
11.10.2 Commercial Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Balancing Scooter Analysis and Forecast
12.1 Introduction
12.2 Latin America Balancing Scooter Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Balancing Scooter Market Size Forecast by Type
12.6.1 Single Wheeled
12.6.2 Double Wheeled
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Balancing Scooter Market Size Forecast by Applications
12.10.1 Personal Use
12.10.2 Commercial Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Balancing Scooter Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Balancing Scooter Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Balancing Scooter Market Size Forecast by Type
13.6.1 Single Wheeled
13.6.2 Double Wheeled
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Balancing Scooter Market Size Forecast by Applications
13.10.1 Personal Use
13.10.2 Commercial Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Balancing Scooter Market: Competitive Dashboard
14.2 Global Balancing Scooter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ninebot
14.3.2 Inventist
14.3.3 IPS Electric Unicycle
14.3.4 Robstep
14.3.5 Hangzhou Chic Intelligent Technology
14.3.6 Solowheel
14.3.7 Segway
14.3.8 Oxboard
14.3.9 Freego
14.3.10 Ninebot
