Market Overview:
The global electric car balance market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric cars across the globe, coupled with the rising awareness about their benefits over traditional petrol and diesel-powered cars. In terms of type, the Segway with handle segment is expected to account for a larger share of the market in 2018, owing to its growing popularity among consumers. However, in terms of CAGR, the Segway without handle segment is projected to register higher growth during the forecast period. In terms of application, personal use is expected to be one of key segments driving market growth during 2018-2030.
Product Definition:
Electric car balance is the ability of an electric car to remain upright when it is not being driven. This is important because it allows the driver to avoid accidents and stay safe while driving.
Segway with Handle:
Segway with handle is a self-balancing, two-wheeled personal mobility device that was developed by the Segway Inc. company. It has an electric drive system and can travel at up to 12 km/h on level ground with a maximum weight of 220 pounds. The device uses gyroscope sensors for balance and includes an electronic braking system as well as regenerative braking technology which helps in energy recovery while decelerating down to walking speed.
Segway without Handle:
Segway is a self-balancing, two-wheeled robot that can be controlled by using the handle. It's used in industries such as construction, military and law enforcement for moving objects or people from one place to another.
The balance market is expected to witness significant growth over the forecast period due to increasing demand for electric cars.
Application Insights:
The personal use segment dominated the global electric car balance market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to growing consumer awareness regarding health issues associated with heavy manual labor, especially among working professionals. Electric cars provide easy maneuverability and are ideal for short commutes or daily travels. The growing preference for using electric cars as a substitute for traditional modes of transportation is also boosting demand in personal use applications across various regions of the world.
The commercial application segment accounted for a significant share of revenue in 2017 owing to increasing government initiatives supporting adoption of electric vehicles across public transport systems, airport ground services, corporate fleets, delivery vans etc., which are majorly driving demand in this segment over the forecast period.
Electric car manufacturers such as Tesla Motors Inc.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to maintain its position during the forecast period owing to increasing investments by companies for manufacturing electric scooters and other two-wheelers. Moreover, presence of prominent players such as Tesla, Inc.; Ford Motor Company; and General Motors Company will also contribute towards regional growth over the next eight years.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising government initiatives for promoting e-vehicle adoption across countries such as China, India and Japan among others. In addition, growing awareness regarding environment protection along with stringent regulations set by regulatory bodies are likely to drive demand for electric vehicles in this region over the coming years.
Growth Factors:
- Increasing demand for electric vehicles from the automotive sector
- Government initiatives and subsidies for electric vehicles
- Rising awareness about the benefits of electric cars among consumers
- Development of advanced and more efficient battery technologies
- Growing demand for eco-friendly alternatives to traditional petrol and diesel cars
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Car Balance Market Research Report
By Type
Segway with Handle, Segway without Handle
By Application
Personal Use, Public Patrol, Commercial
By Companies
Ninebot Inc, Segway.Inc, Airwheel, Robstep, Osdrich, CHIC, ESWING, INMOTION
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Electric Car Balance Market Report Segments:
The global Electric Car Balance market is segmented on the basis of:
Types
Segway with Handle, Segway without Handle
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, Public Patrol, Commercial
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 Inc
- Segway.Inc
- Airwheel
- Robstep
- Osdrich
- CHIC
- ESWING
- INMOTION
Highlights of The Electric Car Balance 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:
- Segway with Handle
- Segway without Handle
- By Application:
- Personal Use
- Public Patrol
- Commercial
- 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 Electric Car Balance 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?
Electric car balance is the ability of an electric vehicle to maintain a desired distance from other vehicles on the road.
Some of the major companies in the electric car balance market are Ninebot Inc, Segway.Inc, Airwheel, Robstep, Osdrich, CHIC, ESWING, INMOTION.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Car Balance Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Car Balance Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Car Balance Market - Supply Chain
4.5. Global Electric Car Balance Market Forecast
4.5.1. Electric Car Balance Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Car Balance Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Car Balance Market Absolute $ Opportunity
5. Global Electric Car Balance Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Car Balance Market Size and Volume Forecast by Type
5.3.1. Segway with Handle
5.3.2. Segway without Handle
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Car Balance Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Car Balance Market Size and Volume Forecast by Application
6.3.1. Personal Use
6.3.2. Public Patrol
6.3.3. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Car Balance Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Car Balance Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Car Balance Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Car Balance Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Car Balance Demand Share Forecast, 2019-2026
9. North America Electric Car Balance Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Car Balance Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Car Balance Market Size and Volume Forecast by Application
9.4.1. Personal Use
9.4.2. Public Patrol
9.4.3. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Car Balance Market Size and Volume Forecast by Type
9.7.1. Segway with Handle
9.7.2. Segway without Handle
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Car Balance Demand Share Forecast, 2019-2026
10. Latin America Electric Car Balance Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Car Balance Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Car Balance Market Size and Volume Forecast by Application
10.4.1. Personal Use
10.4.2. Public Patrol
10.4.3. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Car Balance Market Size and Volume Forecast by Type
10.7.1. Segway with Handle
10.7.2. Segway without Handle
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Car Balance Demand Share Forecast, 2019-2026
11. Europe Electric Car Balance Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Car Balance Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Car Balance Market Size and Volume Forecast by Application
11.4.1. Personal Use
11.4.2. Public Patrol
11.4.3. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Car Balance Market Size and Volume Forecast by Type
11.7.1. Segway with Handle
11.7.2. Segway without Handle
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y GrowthProjections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Car Balance Demand Share, 2019-2026
12. Asia Pacific Electric Car Balance Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Car Balance Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Car Balance Market Size and Volume Forecast by Application
12.4.1. Personal Use
12.4.2. Public Patrol
12.4.3. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Car Balance Market Size and Volume Forecast by Type
12.7.1. Segway with Handle
12.7.2. Segway without Handle
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Car Balance Demand Share, 2019-2026
13. Middle East & Africa Electric Car Balance Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Car Balance Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Car Balance Market Size and Volume Forecast by Application
13.4.1. Personal Use
13.4.2. Public Patrol
13.4.3. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Car Balance Market Size and Volume Forecast by Type
13.7.1. Segway with Handle
13.7.2. Segway without Handle
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Car Balance Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Car Balance Market: Market Share Analysis
14.2. Electric Car Balance Distributors and Customers
14.3. Electric Car Balance Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ninebot Inc
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Segway.Inc
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Airwheel
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Robstep
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Osdrich
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. CHIC
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ESWING
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. INMOTION
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
