Global Self-balancing Scooter Market 2016-2020

Overview of the global self-balancing scooter market

Technavio’s market research analysts have estimated that the global self-balancing scooter market will post an impressive revenue of over USD 1 billion by 2020. The traction and publicity self-balancing scooters are gaining through social media websites is increasing every day, and though vendors do not have a defined or limited marketing budget, it has resulted in the market witnessing limited spending in terms of marketing and advertising. The recent years have seen several instances of celebrities using self-balancing electric scooters and posting videos and photos on their profiles on social media networks. Consequently, vendors have started preferring celebrities for endorsing their products as it will help in increasing their product recognition among end users through social media websites.

Considered as a fun toy for entertainment in the recent years, this market forecast envisages the self-balancing scooters to have a number of applications across various industries in the coming years. Self-balancing electric scooters can assist police officers and security guards in patrolling areas of public gatherings and large industries easily and more efficiently than automobiles. Moreover, these low-cost alternatives to traditional gas-powered automobiles are easy to maintain and are easily portable. Such benefits will result in the application of these devices in several other sectors including tourism and postal departments. 

Geographical segmentation and analysis of the self-balancing scooter market

• Americas
• APAC
• EMEA

In this market study, analysts have estimated that by accounting for more than 41% of the total market share by 2020 the Americas would dominate the self-balancing scooter market during the forecast period. Factors such as the presence of a number of the vendors, the increase in disposable income of consumers and the availability of ample space to use self-balancing scooters will contribute to the market’s growth in this region.

Competitive landscape and key vendors

Established only two years ago, the self-balancing electric scooters market is currently dynamic. Though the presence of a number of vendors makes the market highly competitive, the expected introduction of new regulations from governments will eliminate a number of vendors. This will result in a sustainable market with only a handful of vendors that manufacture reliable products.

The leading vendors in the market are -

• CoolReall
• Esway (Shenzhen Ocam Electronic Technology)
• eVoy Technologies
• Freego
• Hangzhou Chic Intelligent Technology
• Hoverboard Vault
• HoverTech
• Inventist
• IO HAWK
• Kiwano
• Koogo Technology
• MonoRover
• Oxboard B.V
• PhunkeeTree
• The Powerboard
• Razor USA
• RioRand Advanced Technology
• Shenzhen Iezway Technology
• Skque Products
• Sky Walkers USA
• Smart Scooter
• Swagway Hoverboard
• Tech Drift
• Vecaro Lifestyle

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the self-balancing scooter market?
• What are the key market trends impacting the growth of the self-balancing scooter market?
• What are the challenges to market growth?
• Who are the key vendors in the self-balancing scooter market?
• What are the market opportunities and threats faced by the vendors in the self-balancing scooter market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the self-balancing scooter market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Electric three wheeler Market in APAC 2016-2020
• Global Hybrid Commercial Vehicle Market 2016-2020

A self-balancing scooter is a new type of mobility scooter that is also known as a self-balancing two-wheeled board, or self-balancing electric scooter, or a hoverboard. It is a portable, rechargeable battery-powered scooter that typically consists of two wheels arranged side-by-side and also consists of two small platforms between the wheels on which the rider stands. These devices do not levitate but run on two or one wheels. The potential for the product is high for tourism, theme parks, and large IT parks where there is an abundance of open space. PhunkeeDuck, Ninebot, Kiwano, and Iohawk are some of the key players in this market space.

The report, global self-balancing scooter market, is part of Technavio’s hardware and semiconductor research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as computing devices, displays, embedded systems, human machine interface, lighting, semiconductor equipment, and sensors. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.