Market Overview:
The global balance scooters market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in the market can be attributed to various factors such as the increasing demand for electric vehicles, rising disposable income, and technological advancements. The global balance scooters market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into 6.5inch, 8inch, and 10inch segments. The 8inch segment is expected to hold a major share in terms of value in 2018 owing to its high demand from adults for recreational purposes. On the basis of application, teenagers use and adults use are two segments considered in this study. Adults use is further sub-segmented into leisure activities and commuting purpose segments whereas teenagers use is sub-segmented into fun activities and transportation purpose segments. In terms of regions covered in this study North America (U S Canada), Latin America (Mexico Brazil), Europe (Germany France Italy Spain U K Norway Sweden Denmark Finland Poland Romania Hungary Czech Republic Austria Belgium Netherlands Luxembourg Switzerland Greece Portugal Ireland), Asia Pacific (China Japan South Korea India Australia New Zealand Thailand Malaysia Singapore Indonesia Vietnam Philippines Taiwan Hong Kong Macau Sri Lanka Pakistan Bangladesh Nepal Bhutan Myanmar) Middle East & Africa(South Africa Nigeria Kenya Tanzania Egypt Morocco Algeria Tunisia).
Product Definition:
A balance scooter, also known as a hoverboard, is a two-wheeled vehicle that is controlled by shifting your weight. The importance of balance scooters lies in the fact that they are easy to learn how to ride and are very fun. They can be used for transportation or simply for entertainment.
6.5inch:
6.5inch is the most common wheelbase for balance scooters. It has a wheel diameter of 6.5 inches and a total length of 16 inches, which makes it suitable for adults with normal body proportions. The shorter riders usually prefer this size as it helps them to gain better control over the scooter without having too much weight on the front end or being too far forward in the vehicle.
The average rider height is 5'7" - 5'9".
8inch:
8inch is the standard wheel size for balance scooters. It has a diameter of 8 inches and a width of 4.5 inches which provides stability to the scooter while riding and making it suitable for people with visual impairment or any other disability to ride on it without any assistance.
The growing demand for mobility electric vehicles (MEV) is expected to drive market growth over the forecast period as they are easy to park, have less noise pollution, no harmful emissions,.
Application Insights:
In 2017, the teenagers use segment dominated the global balance scooters market and this trend is expected to continue over the forecast period. Growing awareness regarding health issues among adolescents coupled with rising disposable income levels in developing countries such as China and India are some of the key factors driving this segment. In addition, governments from various countries have made it mandatory for all schools to provide access to fitness equipment for students which will further boost product demand in this application segment.
The adults use category accounted for a significant share of more than 30% in 2017 owing to growing geriatric population base across various regions coupled with rising incidences of Parkinson¢â‚¬â„¢s disease, Alzheimer¢â‚¬â„¢s disease and other mobility impairedness that has resulted in increasing number of people becoming dependent on walkers or wheelchairs which requires balancing scooters as an essential mobility aid. In addition, companies including Honda Motor Co., Ltd.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position throughout the forecast period owing to increasing cases of arthritis and COPD among adults coupled with rising awareness about balance scooters. Europe accounted for a significant share of the overall revenue in 2017, mainly due to high incidence rate of obesity and diabetes among consumers. Asia Pacific is projected to be one of the fastest-growing regions over the forecast period owing to growing demand from countries such as Japan, China, India, Australia and New Zealand for commercial use scooters rather than personal use ones.
Growth Factors:
- Increasing urbanization and growing disposable income of the population: The global population is increasingly moving towards the cities, which is resulting in an increase in the number of people with a higher disposable income. This is leading to an increase in the demand for luxury items such as balance scooters, thereby driving the growth of this market.
- Rising awareness about health and fitness: There has been a rise in awareness about health and fitness among people across all age groups in recent years. This has led to an increase in the demand for balance scooters as a means of staying fit and healthy.
- Technological advancements: Balance scooter manufacturers are constantly innovating their products to make them more user-friendly and efficient. This is resulting in increased adoption of these devices, thereby driving market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Balance Scooters Market Research Report
By Type
6.5inch, 8inch, 10inch
By Application
Teenagers Use, Adults Use
By Companies
IO Hawk, Swagway, Phunkeeduck, Better Wheels, Razor Hovertrax, MonoRover, Powerboard, Skque, Leray Two Wheel, Cyboard, Chic Robotics, Street Saw, Jetson, Fiturbo, Vecaro, Space board, Megawheels, Bluefin, HOVERZON
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
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Balance Scooters Market Report Segments:
The global Balance Scooters market is segmented on the basis of:
Types
6.5inch, 8inch, 10inch
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
Teenagers Use, Adults 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:
- IO Hawk
- Swagway
- Phunkeeduck
- Better Wheels
- Razor Hovertrax
- MonoRover
- Powerboard
- Skque
- Leray Two Wheel
- Cyboard
- Chic Robotics
- Street Saw
- Jetson
- Fiturbo
- Vecaro
- Space board
- Megawheels
- Bluefin
- HOVERZON
Highlights of The Balance Scooters 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:
- 6.5inch
- 8inch
- 10inch
- By Application:
- Teenagers Use
- Adults 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 Balance Scooters 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.
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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?
Balance scooters are a type of electric scooter that uses gyroscopes and accelerometers to detect when the rider has lost balance and automatically slows or stops the scooter.
Some of the key players operating in the balance scooters market are IO Hawk, Swagway, Phunkeeduck, Better Wheels, Razor Hovertrax, MonoRover, Powerboard, Skque, Leray Two Wheel, Cyboard, Chic Robotics, Street Saw, Jetson, Fiturbo, Vecaro, Space board, Megawheels, Bluefin, HOVERZON.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Balance Scooters 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 Balance Scooters Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Balance Scooters 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 Balance Scooters 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 Balance Scooters Market Size & Forecast, 2018-2028
4.5.1 Balance Scooters Market Size and Y-o-Y Growth
4.5.2 Balance Scooters Market Absolute $ Opportunity
Chapter 5 Global Balance Scooters 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 Balance Scooters Market Size Forecast by Type
5.2.1 6.5inch
5.2.2 8inch
5.2.3 10inch
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Balance Scooters 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 Balance Scooters Market Size Forecast by Applications
6.2.1 Teenagers Use
6.2.2 Adults Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Balance Scooters 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 Balance Scooters 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 Balance Scooters Analysis and Forecast
9.1 Introduction
9.2 North America Balance Scooters 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 Balance Scooters Market Size Forecast by Type
9.6.1 6.5inch
9.6.2 8inch
9.6.3 10inch
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 Balance Scooters Market Size Forecast by Applications
9.10.1 Teenagers Use
9.10.2 Adults 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 Balance Scooters Analysis and Forecast
10.1 Introduction
10.2 Europe Balance Scooters 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 Balance Scooters Market Size Forecast by Type
10.6.1 6.5inch
10.6.2 8inch
10.6.3 10inch
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 Balance Scooters Market Size Forecast by Applications
10.10.1 Teenagers Use
10.10.2 Adults 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 Balance Scooters Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Balance Scooters 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 Balance Scooters Market Size Forecast by Type
11.6.1 6.5inch
11.6.2 8inch
11.6.3 10inch
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 Balance Scooters Market Size Forecast by Applications
11.10.1 Teenagers Use
11.10.2 Adults 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 Balance Scooters Analysis and Forecast
12.1 Introduction
12.2 Latin America Balance Scooters 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 Balance Scooters Market Size Forecast by Type
12.6.1 6.5inch
12.6.2 8inch
12.6.3 10inch
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 Balance Scooters Market Size Forecast by Applications
12.10.1 Teenagers Use
12.10.2 Adults 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) Balance Scooters Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Balance Scooters 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) Balance Scooters Market Size Forecast by Type
13.6.1 6.5inch
13.6.2 8inch
13.6.3 10inch
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) Balance Scooters Market Size Forecast by Applications
13.10.1 Teenagers Use
13.10.2 Adults 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 Balance Scooters Market: Competitive Dashboard
14.2 Global Balance Scooters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IO Hawk
14.3.2 Swagway
14.3.3 Phunkeeduck
14.3.4 Better Wheels
14.3.5 Razor Hovertrax
14.3.6 MonoRover
14.3.7 Powerboard
14.3.8 Skque
14.3.9 Leray Two Wheel
14.3.10 Cyboard
14.3.11 Chic Robotics
14.3.12 Street Saw
14.3.13 Jetson
14.3.14 Fiturbo
14.3.15 Vecaro
14.3.16 Space board
14.3.17 Megawheels
14.3.18 Bluefin
14.3.19 HOVERZON
