Market Overview:
The global hoverboard 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 factors such as the increasing demand for recreational activities, rising disposable income, and technological advancements. The global hoverboard market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into compact-size hoverboards, mid-size hoverboards, and full-size hoverboards. Compact-size Hoverboards are small in size and are mainly used for recreational activities. Mid-Size Hoverboards are larger in size as compared to compact ones and find applications in personal mobility devices as well as business purposes. Full Size HoverBoards are very large in size and find use only for business purposes or other specific applications such as tourism or transportation services etc. Recreational Activities include sports such as skateboarding or snowboarding etc..
Product Definition:
An electric skateboard, usually consisting of two small platforms with wheels on either side that a person stands on, and is propelled forward or backward by pushing off the ground with one's feet.
Compact-Size:
Compact-size is a term used for the size of a vehicle or device that can be maneuverable in tight spaces. Compact-size vehicles include cars, motorcycles, scooters, and skateboards. The compact size of these vehicles makes them efficient to park in small spaces and they are preferred for their ease of use while parking.
The usage factor is growing significantly as more consumers are adopting this lifestyle due to urbanization.
Mid-Size:
The mid-size segment is the most popular category in hoverboard market. Mid-size hoverboards have a wheelbase between 24 inches and 28 inches. They are generally used for indoor purposes such as furniture on flat surfaces or small inclines. The average weight capacity of a mid-sized hoverboard is 250 pounds making it suitable for users up to 12 years old without adult assistance.
Application Insights:
The personal mobility device segment accounted for the largest revenue share of over 50% in 2017. The recreational activities application is expected to be the fastest-growing segment, expanding at a CAGR of XX% from 2018 to 2030 owing to rising demand among young adults and teens for riding hoverboards in pubs, clubs and other social occasions. Over the past few years, this age group has been increasingly drawn towards sports such as basketball and football which are played onhoverboarded courts or turfs. Furthermore, many manufacturers have started offering customized products according to specific consumer requirements which may boost product demand further during this period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large population with high disposable income, which makes them more willing to spend on personal transportation devices such as hoverboards. China is one of the largest markets for these products owing to low manufacturing costs and availability of cheap labor.
North America accounted for a significant share in terms of revenue due to increased consumer awareness regarding hoverboard safety along with stringent government regulations about product quality & safety standards. Europe also contributed significantly towards market growth owing to increasing demand from countries such as France, Germany, U.K.
Growth Factors:
- Increasing demand for hoverboards from the youth segment as a mode of transport
- Rising disposable income of the middle-class population, which is fuelling demand for luxury items such as hoverboards
- Growing popularity of extreme sports and adventure tourism, which is boosting sales of hoverboards
- Proliferation of online retail platforms that are offering discounts on hoverboard purchases, thereby driving consumer demand
- Introduction of innovative features in new models of hoverboards that are attracting buyers
Scope Of The Report
Report Attributes
Report Details
Report Title
Hoverboard Market Research Report
By Type
Compact-Size, Mid-Size, Full-Size
By Application
Recreational Activities, Personal Mobility Device, Business Purposes, Others
By Companies
Swagtron, Airwheel, Razor Hovertrax, IO HAWK, Megawheels, Swagtron
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
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Hoverboard Market Report Segments:
The global Hoverboard market is segmented on the basis of:
Types
Compact-Size, Mid-Size, Full-Size
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
Recreational Activities, Personal Mobility Device, Business Purposes, Others
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:
- Swagtron
- Airwheel
- Razor Hovertrax
- IO HAWK
- Megawheels
- Swagtron
Highlights of The Hoverboard 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:
- Compact-Size
- Mid-Size
- Full-Size
- By Application:
- Recreational Activities
- Personal Mobility Device
- Business Purposes
- Others
- 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 Hoverboard 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?
A hoverboard is a self-balancing electric scooter that was first introduced in 2013. It uses gyroscopic technology to stay upright, and has a range of up to 10 miles per charge.
Some of the major players in the hoverboard market are Swagtron, Airwheel, Razor Hovertrax, IO HAWK, Megawheels, Swagtron.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hoverboard 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 Hoverboard Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hoverboard 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 Hoverboard 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 Hoverboard Market Size & Forecast, 2018-2028
4.5.1 Hoverboard Market Size and Y-o-Y Growth
4.5.2 Hoverboard Market Absolute $ Opportunity
Chapter 5 Global Hoverboard 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 Hoverboard Market Size Forecast by Type
5.2.1 Compact-Size
5.2.2 Mid-Size
5.2.3 Full-Size
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hoverboard 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 Hoverboard Market Size Forecast by Applications
6.2.1 Recreational Activities
6.2.2 Personal Mobility Device
6.2.3 Business Purposes
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hoverboard 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 Hoverboard 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 Hoverboard Analysis and Forecast
9.1 Introduction
9.2 North America Hoverboard 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 Hoverboard Market Size Forecast by Type
9.6.1 Compact-Size
9.6.2 Mid-Size
9.6.3 Full-Size
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 Hoverboard Market Size Forecast by Applications
9.10.1 Recreational Activities
9.10.2 Personal Mobility Device
9.10.3 Business Purposes
9.10.4 Others
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 Hoverboard Analysis and Forecast
10.1 Introduction
10.2 Europe Hoverboard 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 Hoverboard Market Size Forecast by Type
10.6.1 Compact-Size
10.6.2 Mid-Size
10.6.3 Full-Size
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 Hoverboard Market Size Forecast by Applications
10.10.1 Recreational Activities
10.10.2 Personal Mobility Device
10.10.3 Business Purposes
10.10.4 Others
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 Hoverboard Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hoverboard 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 Hoverboard Market Size Forecast by Type
11.6.1 Compact-Size
11.6.2 Mid-Size
11.6.3 Full-Size
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 Hoverboard Market Size Forecast by Applications
11.10.1 Recreational Activities
11.10.2 Personal Mobility Device
11.10.3 Business Purposes
11.10.4 Others
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 Hoverboard Analysis and Forecast
12.1 Introduction
12.2 Latin America Hoverboard 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 Hoverboard Market Size Forecast by Type
12.6.1 Compact-Size
12.6.2 Mid-Size
12.6.3 Full-Size
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 Hoverboard Market Size Forecast by Applications
12.10.1 Recreational Activities
12.10.2 Personal Mobility Device
12.10.3 Business Purposes
12.10.4 Others
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) Hoverboard Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hoverboard 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) Hoverboard Market Size Forecast by Type
13.6.1 Compact-Size
13.6.2 Mid-Size
13.6.3 Full-Size
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) Hoverboard Market Size Forecast by Applications
13.10.1 Recreational Activities
13.10.2 Personal Mobility Device
13.10.3 Business Purposes
13.10.4 Others
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 Hoverboard Market: Competitive Dashboard
14.2 Global Hoverboard Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Swagtron
14.3.2 Airwheel
14.3.3 Razor Hovertrax
14.3.4 IO HAWK
14.3.5 Megawheels
14.3.6 Swagtron
