Market Overview:
The global self-balancing 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 demand for personal recreation vehicles and rising awareness about the benefits of using these scooters. In addition, the growing trend of using electric vehicles is also contributing to the growth of this market. Based on type, two-wheeled self-balancing scooters account for a major share of the global self-balancing scooter market. This can be attributed to their high popularity among consumers and their easy maneuverability. Based on application, personal recreation vehicles account for a major share of this market owing to their growing popularity as leisure activities among consumers across regions.
Product Definition:
A self-balancing scooter, also known as a "hoverboard," is a two-wheeled, battery powered vehicle that riders stand on and use to move around. They are important because they provide an easy way for people to get around without using cars or public transportation. They are also fun to ride and can be used for recreation.
Two-wheeled Self-balancing Scooter:
The two-wheeler self-balancing scooter was first designed in the early 1970s, its growth factor can be attributed to growing urbanization and rising health consciousness. The two-wheeler industry has been witnessing several technological advancements over the past few years, which have led to a significant increase in demand for such vehicles.
These vehicles are considered as a cost effective solution for short distance travel, especially by people who use wheelchairs or cannot walk long distances.
Unicycle Self-balancing Scooter:
Unicycle self-balancing scooter is a vehicle with two wheels, having one handlebar for steering the scooter and the other handlebar for balance. It has a simple design without any complex mechanism like that of a motorcycle or bicycle. The rider must keep both feet on the ground at all times while riding an unicycle self-balancing scooter.
Application Insights:
The personal recreation vehicle segment accounted for the largest share of over 50.0% in 2017. The growing trend of recreational activities in developed countries including U.S., Canada, and Germany is expected to boost the demand for self-balancing scooters over the forecast period. Furthermore, introduction of new products with advanced features such as headless mode and obstacle avoidance will further increase their adoption rate among consumers globally.
The business application segment is projected to expand at a CAGR of XX%, in terms of revenue, from 2018 to 2030 owing to increasing utilization by companies as an alternative mode of transportation due to its cost-effectiveness and ease compared to automobiles or motorcycles when it comes to moving employees between offices or client sites within a city or across cities.
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 companies based in China, which is a major contributor to overall regional market growth. Increasing demand for personal transportation devices that are affordable and easy to use has been driving the product demand across this region. Countries such as China, Japan, South Korea, Singapore have been experiencing strong economic growth owing to various factors such as low labor cost and high purchasing power of consumers.
Growth Factors:
- Increasing demand for personal mobility devices
- Rising popularity of electric vehicles
- Growing urbanization and the consequent increase in traffic congestion
- Proliferation of online retail channels
- Advances in technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Self-balancing Scooter Market Research Report
By Type
Two-wheeled Self-balancing Scooter, Unicycle Self-balancing Scooter
By Application
Personal Recreation Vehicle, Business, Patrol
By Companies
Ninebot, Segway, Inventist, IPS, Robstep, INMOTION, i-ROBOT, OSDRICH, CHIC, Rijiang, ESWING, Airwheel, F-Wheel, Fosjoas, Wolfscooter, Freego, Freefeet Technology, Rooder, Yubu
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 Scooter Market Report Segments:
The global Self-balancing Scooter market is segmented on the basis of:
Types
Two-wheeled Self-balancing Scooter, Unicycle Self-balancing Scooter
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 Recreation Vehicle, Business, Patrol
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
- Segway
- Inventist
- IPS
- Robstep
- INMOTION
- i-ROBOT
- OSDRICH
- CHIC
- Rijiang
- ESWING
- Airwheel
- F-Wheel
- Fosjoas
- Wolfscooter
- Freego
- Freefeet Technology
- Rooder
- Yubu
Highlights of The Self-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:
- Two-wheeled Self-balancing Scooter
- Unicycle Self-balancing Scooter
- By Application:
- Personal Recreation Vehicle
- Business
- Patrol
- 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 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?
A self-balancing scooter is a type of electric personal mobility device that uses two or more rotors to stay upright. The rider stands on the platform and pushes or pulls the device forward with their feet, using a controller to control the speed and direction.
Some of the major companies in the self-balancing scooter market are Ninebot, Segway, Inventist, IPS, Robstep, INMOTION, i-ROBOT, OSDRICH, CHIC, Rijiang, ESWING, Airwheel, F-Wheel, Fosjoas, Wolfscooter, Freego, Freefeet Technology, Rooder, Yubu.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Self-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 Self-balancing Scooter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Self-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 Self-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 Self-balancing Scooter Market Size & Forecast, 2020-2028
4.5.1 Self-balancing Scooter Market Size and Y-o-Y Growth
4.5.2 Self-balancing Scooter 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 Two-wheeled Self-balancing Scooter
5.2.2 Unicycle Self-balancing Scooter
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 Personal Recreation Vehicle
6.2.2 Business
6.2.3 Patrol
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Self-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 Self-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 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 Two-wheeled Self-balancing Scooter
9.6.2 Unicycle Self-balancing Scooter
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 Personal Recreation Vehicle
9.10.2 Business
9.10.3 Patrol
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 Two-wheeled Self-balancing Scooter
10.6.2 Unicycle Self-balancing Scooter
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 Personal Recreation Vehicle
10.10.2 Business
10.10.3 Patrol
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 Two-wheeled Self-balancing Scooter
11.6.2 Unicycle Self-balancing Scooter
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 Personal Recreation Vehicle
11.10.2 Business
11.10.3 Patrol
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 Two-wheeled Self-balancing Scooter
12.6.2 Unicycle Self-balancing Scooter
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 Personal Recreation Vehicle
12.10.2 Business
12.10.3 Patrol
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 Two-wheeled Self-balancing Scooter
13.6.2 Unicycle Self-balancing Scooter
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 Personal Recreation Vehicle
13.10.2 Business
13.10.3 Patrol
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 Scooter Market: Competitive Dashboard
14.2 Global Self-balancing Scooter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ninebot
14.3.2 Segway
14.3.3 Inventist
14.3.4 IPS
14.3.5 Robstep
14.3.6 INMOTION
14.3.7 i-ROBOT
14.3.8 OSDRICH
14.3.9 CHIC
14.3.10 Rijiang
14.3.11 ESWING
14.3.12 Airwheel
14.3.13 F-Wheel
14.3.14 Fosjoas
14.3.15 Wolfscooter
14.3.16 Freego
14.3.17 Freefeet Technology
14.3.18 Rooder
14.3.19 Yubu
