Market Overview:
The global self-balancing electric vehicles 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 vehicles across the globe and rising awareness about environment-friendly transportation options. The global self-balancing electric vehicles market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into single wheel self-balancing electric vehicles, two wheel self-balancing electric vehicles, three wheel self-balancing electric vehicles, four wheel self- balancing electric Vehicles. On the basis of application,the market is segmented into commute, entertainment and other applications. The North America region dominates this market followed by Europe and Asia Pacific regions respectively due to high adoption rate for new technology products in these regions.
Product Definition:
Self-balancing electric vehicles are a type of electric vehicle that is able to balance itself on two wheels. This is done by using sensors to detect the position of the vehicle and then sending instructions to motors that adjust the position of the wheels accordingly. This allows for a much more stable ride and makes it easier for riders to control the vehicle.
The importance of self-balancing electric vehicles lies in their ability to provide a more stable ride, which can make them safer than traditional bicycles or motorcycles. They can also be easier to control, which makes them ideal for beginners or those who are not used to riding bikes or motorcycles.
Single Wheel Self-Balancing Electric Vehicles:
Single wheel self-balancing electric vehicles are also known as single-wheelers or skateboards and are driven by a small, lightweight engine without a gearbox. They have two wheels with no central support and rely on the centrifugal force generated when the vehicle is spun to propel it forward.
Two Wheel Self-Balancing Electric Vehicles:
The two wheel self-balancing electric vehicles are also known as balancing scooters and they have a single motor which is used to drive both the wheels. The driving mechanism of these vehicles is very simple, it's like riding a bike. These types of EVs can be used for short distance travel like less than 5 Kms and they are convenient to carry out in small parking spaces where other types of EVs cannot go.
Application Insights:
The entertainment segment dominated the global market in terms of revenue share in 2017. This is due to the introduction of new self-balancing electric vehicles that can perform stunts and tricks, such as backflip and forward somersault, which excites the crowd at carnivals and circuses. The other application segment includes shopping malls, hospitals, hotels etc., where two or more people ride on one wheel for safety purposes. Such vehicles are usually used for short distances within a mall or hotel complex since they are heavy compared to normal cars. However, with increasing number of five star hotels around the world using these types of self-balancing electric cars for short distance travel owing to their ability to maneuver easily through narrow spaces between buildings without causing any damage has led this vehicle type to be known as ¢â‚¬Ëœsmart balance wheels¢â‚¬â„¢s car among enthusiasts globally.
Regional Analysis:
Asia Pacific regional market accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing investments from prominent players, along with a rise in public awareness about SBSEVs. China is anticipated to dominate the Asia Pacific regional market owing to heavy investments by local governments and adoption of supportive policies & regulations.
North America region accounted for a significant revenue share in 2017, attributed largely to growing popularity of self-balancing electric vehicles as family cars across U.S., Canada, Mexico and other Central & South American countries due to their low maintenance cost as compared to gasoline or diesel driven vehicles over a lifetime span. Moreover, presence of key companies such as Tesla Motors Inc.; Ford Motor Company; Google LLC; Baidu Inc.; BMW AG among others are likely boost sales further over next eight years till 2030 AD (Year-on-Year).
Growth Factors:
- Increasing demand for electric vehicles from the automotive sector
- Government initiatives and subsidies for electric vehicles
- Rising awareness about the benefits of self-balancing electric vehicles among consumers
- Technological advancements in the field of self-balancing electric vehicles that make them more efficient and affordable
- Growing demand for eco-friendly modes of transportation
Scope Of The Report
Report Attributes
Report Details
Report Title
Self-Balancing Electric Vehicles Market Research Report
By Type
Single Wheel Self-Balancing Electric Vehicles, Two Wheel Self-Balancing Electric Vehicles, Three Wheel Self-Balancing Electric Vehicles, Four Wheel Self-Balancing Electric Vehicles
By Application
Commute, Entertainment, Other
By Companies
Airwheel, F-wheel, IPS, Tomoloo, Hoverzon, GT Hover, Swagtron, Razer, Skque, Segway, Airwheel, EPIKGO, Genesis, Monorover
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
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Self-Balancing Electric Vehicles Market Report Segments:
The global Self-Balancing Electric Vehicles market is segmented on the basis of:
Types
Single Wheel Self-Balancing Electric Vehicles, Two Wheel Self-Balancing Electric Vehicles, Three Wheel Self-Balancing Electric Vehicles, Four Wheel Self-Balancing Electric Vehicles
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
Commute, Entertainment, Other
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:
- Airwheel
- F-wheel
- IPS
- Tomoloo
- Hoverzon
- GT Hover
- Swagtron
- Razer
- Skque
- Segway
- Airwheel
- EPIKGO
- Genesis
- Monorover
Highlights of The Self-Balancing Electric Vehicles 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 Wheel Self-Balancing Electric Vehicles
- Two Wheel Self-Balancing Electric Vehicles
- Three Wheel Self-Balancing Electric Vehicles
- Four Wheel Self-Balancing Electric Vehicles
- By Application:
- Commute
- Entertainment
- Other
- 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 Self-Balancing Electric Vehicles 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?
Self-balancing electric vehicles are vehicles that use sensors and a computer to maintain balance as they move. This allows the vehicle to stay in place even when it is not being steered.
Some of the major players in the self-balancing electric vehicles market are Airwheel, F-wheel, IPS, Tomoloo, Hoverzon, GT Hover, Swagtron, Razer, Skque, Segway, Airwheel, EPIKGO, Genesis, Monorover.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Self-Balancing Electric Vehicles 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 Self-Balancing Electric Vehicles Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Self-Balancing Electric Vehicles 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 Self-Balancing Electric Vehicles 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 Self-Balancing Electric Vehicles Market Size & Forecast, 2020-2028 4.5.1 Self-Balancing Electric Vehicles Market Size and Y-o-Y Growth 4.5.2 Self-Balancing Electric Vehicles Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Single Wheel Self-Balancing Electric Vehicles
5.2.2 Two Wheel Self-Balancing Electric Vehicles
5.2.3 Three Wheel Self-Balancing Electric Vehicles
5.2.4 Four Wheel Self-Balancing Electric Vehicles
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Commute
6.2.2 Entertainment
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Self-Balancing Electric Vehicles 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 Self-Balancing Electric Vehicles 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Single Wheel Self-Balancing Electric Vehicles
9.6.2 Two Wheel Self-Balancing Electric Vehicles
9.6.3 Three Wheel Self-Balancing Electric Vehicles
9.6.4 Four Wheel Self-Balancing Electric Vehicles
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 Market Size Forecast by Applications
9.10.1 Commute
9.10.2 Entertainment
9.10.3 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Single Wheel Self-Balancing Electric Vehicles
10.6.2 Two Wheel Self-Balancing Electric Vehicles
10.6.3 Three Wheel Self-Balancing Electric Vehicles
10.6.4 Four Wheel Self-Balancing Electric Vehicles
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 Market Size Forecast by Applications
10.10.1 Commute
10.10.2 Entertainment
10.10.3 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Single Wheel Self-Balancing Electric Vehicles
11.6.2 Two Wheel Self-Balancing Electric Vehicles
11.6.3 Three Wheel Self-Balancing Electric Vehicles
11.6.4 Four Wheel Self-Balancing Electric Vehicles
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 Market Size Forecast by Applications
11.10.1 Commute
11.10.2 Entertainment
11.10.3 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Single Wheel Self-Balancing Electric Vehicles
12.6.2 Two Wheel Self-Balancing Electric Vehicles
12.6.3 Three Wheel Self-Balancing Electric Vehicles
12.6.4 Four Wheel Self-Balancing Electric Vehicles
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 Market Size Forecast by Applications
12.10.1 Commute
12.10.2 Entertainment
12.10.3 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Single Wheel Self-Balancing Electric Vehicles
13.6.2 Two Wheel Self-Balancing Electric Vehicles
13.6.3 Three Wheel Self-Balancing Electric Vehicles
13.6.4 Four Wheel Self-Balancing Electric Vehicles
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) Market Size Forecast by Applications
13.10.1 Commute
13.10.2 Entertainment
13.10.3 Other
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 Self-Balancing Electric Vehicles Market: Competitive Dashboard
14.2 Global Self-Balancing Electric Vehicles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Airwheel
14.3.2 F-wheel
14.3.3 IPS
14.3.4 Tomoloo
14.3.5 Hoverzon
14.3.6 GT Hover
14.3.7 Swagtron
14.3.8 Razer
14.3.9 Skque
14.3.10 Segway
14.3.11 Airwheel
14.3.12 EPIKGO
14.3.13 Genesis
14.3.14 Monorover