Market Overview:
The global two-wheel hoverboard 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, rising disposable income, and growing awareness about the benefits of using two-wheel hoverboards. The global two-wheel hoverboard market is segmented on the basis of type and application. On the basis of type, the market is segmented into with handle and without handle segments. The with handle segment is expected to dominate the global two-wheel hoverboard market during the forecast period owing to its features such as easy handling and portability. On the basis of application, individual users account for majority share in terms of revenue in 2017; however, commercial users are projected to witness highest CAGR during 2018–2030 owing to increase in adoption by various businesses for last mile deliveries or goods transportation purposes. Geographically, North America dominates Global Two Wheeler Hoverboard Market followed by Europe due high disposable income levels and early adopters’ base in these regions respectively .
Product Definition:
A two-wheel hoverboard is a battery-operated device that resembles a skateboard without the wheels. It allows the user to stand on it and propel themselves forward using their feet. Two-wheel hoverboards are popular among millennials and are often used for recreational purposes such as transportation or recreation.
With Handle:
With handle, it's usage and growth factor in the two-wheel hoverboard market is expected to increase over the forecast period. The two-wheeler or skateboards are motorized vehicles that are used for transportation on flat surfaces like pavements and roadways. With handles, they can be easily carried by one person or stacked together for transport by a group of people. They have wide applications such as personal use and commercial use such as at shopping malls, parks, etc.
Without Handle:
The without handle two-wheel hoverboard market is expected to witness significant growth over the forecast period. The market growth can be attributed to factors such as increasing consumer demand for personal transportation, growing trend of urban lifestyle and rising health consciousness among consumers.
Application Insights:
The commercial application segment dominated the global two-wheel hoverboard market, accounting for more than half of the revenue share in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing adoption by hotels, restaurants and entertainment centers as well as sports facilities and gymnasiums. In addition, these devices are also being used for educational purposes by schools and colleges across various regions.
The individual application segment is expected to witness considerable growth over the forecast period due to rising consumer preference towards self-propulsion devices that do not require physical contact with a human operator. Furthermore, growing concerns regarding personal safety while using public transport have led consumers towards purchasing two-wheel hoverboards for home use or indoor areas such as halls and classrooms at an affordable price range. This factor has positively influenced market growth in recent times.
Regional Analysis:
North America dominated the global two-wheel hoverboard market in 2017. The region is expected to witness a considerable growth rate over the forecast period owing to increasing consumer preference towards self-propulsion vehicles for short commutes and leisure rides. Moreover, presence of major players such as Xiaomi Corporation; hoverboards are manufactured by them under their own brand name in China makes it a prominent regional market.
Asia Pacific is anticipated to be the fastest growing regional market from 2018 to 2030 due to rising product demand and availability of low-cost manufacturing facilities in countries such as India, China, and Taiwan. Furthermore, increasing investments by companies including Amazon; Alibaba Group Holding Ltd.; Tencent Holdings Limited; Vobot Smart Scooter Technology Co., Ltd.; Nvobot Two Wheeled Board LLC.; Hover Camera Stabilizer System Inc.; EHANG GmbH & Co.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 14% during the forecast period. This is owing to the increasing concerns over environmental pollution and climate change. As two-wheel hoverboards are powered by electricity, their demand is expected to rise in tandem with the growth of the electric vehicle market.
- Rising disposable income levels: A large section of the population in developing countries is rising above the poverty line, thanks to increasing disposable income levels. This has led to an increase in consumer spending on discretionary items such as two-wheel hoverboards. In addition, rising urbanization rates are also contributing to higher sales of two-wheel hoverboards as they offer a convenient mode of transportation within cities and towns.
- Technological advancements: The development of new technologies has led to innovative designs and features being incorporated into two-wheel hoverboards, making them more attractive to consumers. For instance, some models come equipped with Bluetooth speakers and LED lights that allow riders greater control over their experience while riding these boards.. Such technological advancements are likely to spur growth in this market during the forecast period..
Scope Of The Report
Report Attributes
Report Details
Report Title
Two-wheel Hoverboard Market Research Report
By Type
With Handle, Without Handle
By Application
Individual, Commericial, Others
By Companies
Ninebot, Hover-1, Chic Robotics, INMOTION TECHNOLOGIES, Swagtron, VOYAGER, Nilox, Xprit, Smart Balance, Bluefin, Razor USA, Halo Rover, EPIKGO, Evercross
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
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Two-wheel Hoverboard Market Report Segments:
The global Two-wheel Hoverboard market is segmented on the basis of:
Types
With Handle, 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
Individual, Commericial, 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:
- Ninebot
- Hover-1
- Chic Robotics
- INMOTION TECHNOLOGIES
- Swagtron
- VOYAGER
- Nilox
- Xprit
- Smart Balance
- Bluefin
- Razor USA
- Halo Rover
- EPIKGO
- Evercross
Highlights of The Two-wheel 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:
- With Handle
- Without Handle
- By Application:
- Individual
- Commericial
- 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 Two-wheel 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.
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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?
A two-wheel hoverboard is a type of electric scooter that uses two sets of rotors to create lift and propel the board forward. These boards are often much cheaper than traditional electric scooters, but they can be less stable and may not be suitable for very high speeds.
Some of the major players in the two-wheel hoverboard market are Ninebot, Hover-1, Chic Robotics, INMOTION TECHNOLOGIES, Swagtron, VOYAGER, Nilox, Xprit, Smart Balance, Bluefin, Razor USA, Halo Rover, EPIKGO, Evercross.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Two-wheel 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 Two-wheel Hoverboard Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Two-wheel 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 Two-wheel 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 Two-wheel Hoverboard Market Size & Forecast, 2020-2028
4.5.1 Two-wheel Hoverboard Market Size and Y-o-Y Growth
4.5.2 Two-wheel Hoverboard 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 With Handle
5.2.2 Without Handle
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 Individual
6.2.2 Commericial
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Two-wheel 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 Two-wheel 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 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 With Handle
9.6.2 Without Handle
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 Individual
9.10.2 Commericial
9.10.3 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 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 With Handle
10.6.2 Without Handle
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 Individual
10.10.2 Commericial
10.10.3 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 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 With Handle
11.6.2 Without Handle
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 Individual
11.10.2 Commericial
11.10.3 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 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 With Handle
12.6.2 Without Handle
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 Individual
12.10.2 Commericial
12.10.3 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) 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 With Handle
13.6.2 Without Handle
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 Individual
13.10.2 Commericial
13.10.3 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 Two-wheel Hoverboard Market: Competitive Dashboard
14.2 Global Two-wheel Hoverboard Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ninebot
14.3.2 Hover-1
14.3.3 Chic Robotics
14.3.4 INMOTION TECHNOLOGIES
14.3.5 Swagtron
14.3.6 VOYAGER
14.3.7 Nilox
14.3.8 Xprit
14.3.9 Smart Balance
14.3.10 Bluefin
14.3.11 Razor USA
14.3.12 Halo Rover
14.3.13 EPIKGO
14.3.14 Evercross
