Enjoy complimentary customisation on priority with our Enterprise License!
The global one wheel electric scooter market size is estimated to grow by USD 53.81 million, at a compound annual growth rate of 6.57% between 2023 and 2028. The market trends and analysis report provides a thorough analysis of key growth factors, including the high portability of one-wheel electric scooters compared to other electric vehicles and the robust dealership and supplier network distribution channels in the electric vehicle industry. However, the market faces challenges due to the lack of proper safety norms compared to other commuting options, which could impede its growth. Despite these challenges, the market is expected to continue expanding, driven by the convenience and portability offered by one-wheel electric scooters and the increasing focus on sustainable transportation solutions. This market research and growth report also includes key market drivers, trends, and challenges during the forecasted period.
To learn more about this market overview report, View Sample PDF
The market is driven by several factors, including the increasing demand for personal transportation solutions among millennials and urban commuters. The integration of advanced electric motor and battery technology enhances torque and self-balancing capabilities, leading to improved performance and efficiency in electric vehicles. However, challenges such as driving restrictions and accidents on footpaths pose obstacles to the widespread adoption of these green mobility solutions. Overcoming these challenges requires continuous innovation in software programs and gyroscopic balancing systems to ensure safety and reliability for riders. Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.
The high portability of one wheel electric scooters compared to other electric vehicles is notably driving the market. One wheel scooters, also referred to as electric unicycles, have gained traction as an innovative and compact solution for urban commuters seeking efficient and eco-friendly modes of transportation. In addition, one of the main reasons why people are choosing these scooters is because they are much more portable than other types of electric vehicles.
Moreover, in contrast to other types of scooters, such as two-wheel electric scooters and bicycles, one wheel scooters have a minimalist design. In addition, they have one wheel and a small frame, which makes it easier to move around, carry, and store. Therefore, this makes one wheel scooters perfect for navigating busy city streets and parking lots. Hence, such factors are driving the market during the forecast period.
The existence of strong dealership and supplier network distribution channels in the electric vehicle industry is an emerging trend in the market. In the global market, most of the market player's marketing strategy is based on distributor or dealer networks to trade their products. In addition, dealers and distributors build a personal relationship with the end consumer that creates loyal customers and ultimately increases sales. Furthermore, selling these scooters through distributors and retailers is an effective way to generate revenue and eliminate administrative and operations costs.
Moreover, most of the manufacturers are located in China and the major markets for them are in North America and Europe. In addition, entering these markets directly with additional offices and manufacturing units leads to additional capital expenditures and adds to working capital requirements. Hence, such factors are positively impacting the market which in turn drives the market growth during the forecast period.
The lack of proper safety norms as compared to other commuting options is a major challenge hindering the market. Personal commute solutions have been gaining traction in recent years due to the increasing urbanization and the changing ridership prospects of urban commuters. In addition, urban commuters are looking for compatible and affordable transport solutions along with efficient time-saving operations.
Moreover, these type of scooters are one of the most popular urban commute solutions that cater to the changing needs of the urban commute. However, this type of scooter needs skilled operators to operate it efficiently. In addition, due to the unique design of the one wheel electric scooter and the need for skilled operators, the chances of accidents are high, and the operator's safety is low. Hence, such factors are hindering the market during the forecast period.
Get a detailed analysis of drivers, trends, and challenges Request Free PDF Sample !
The offline segment is estimated to witness significant growth during the forecast period. The offline segment accounts for a significant portion of the market share due to the benefits of in-store experiences. In addition, brick-and-mortar stores offer test rides and expert recommendations, helping customers make informed decisions. Furthermore, offline sales channels, such as physical stores, dealers, and specialty retailers, have become an essential part of the global market. The offline segment was the largest segment and was valued at USD 80.74 million in 2018. Moreover, these channels allow consumers to experience the product first-hand, offering a real-world, interactive shopping experience. In addition, in-store displays and in-store test rides enable customers to evaluate the performance, features, and build quality of a single-wheeled electric scooter before making a purchase. For example, companies like Future Motion, one of the key companies of these type of scooters, have strategically partnered with various physical retailers and authorized dealerships. Furthermore, these partnerships enable consumers to visit dedicated showrooms or dealerships, fostering a direct connection between the brand and the potential buyer. Hence, such factors are fuelling the growth of this segment which in turn drives the market during the forecast period.
To gain further insights on the market contribution of various segments Request a market growth report PDF Sample
Based on the product, the market has been segmented into electric unicycle and electric one wheel hoverboard. The electric unicycle segment will account for the largest share of this segment.
North America is estimated to contribute 41% during the forecast period.
For more insights on the market share of various regions Request PDF Sample now!
Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. North America is one of the most prominent geographical market segments in the global market. In addition, the region's strong economy, cutting-edge technology, and growing focus on sustainable mobility solutions have led to a thriving market for these cutting-edge personal mobility devices. Moreover, one of the main reasons for the growth of the market in North America has to do with the growing interest in eco-friendly ways of commuting. In addition, as sustainability has become a top priority for both consumers and governments in countries like the US and Canada, there's a growing interest in electric vehicles that provide a cleaner and more environmentally friendly alternative to the conventional way of traveling. Furthermore, the compact design of the one wheel electric scooter and the fact that it's powered by electricity perfectly suit these preferences. Hence, such factors are driving the market growth in North America during the forecast period.
Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches to enhance their presence in the market.
Airwheel Holding Ltd: The company offers one wheel electric scooters such as Airwheel electric bike, which comes with bike assist, under the brand of Q series.
This market size analysis report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including Dongguan Begode Intelligent Technology Co. Ltd., E Ride Solutions, FUTURE MOTION INC., Green Tek Service and Marketing, HoverRobotix, Hype Wireless, INMOTION, King Song Intell Co. LTD., SpeedyFeet, SuperRide, and SWAGTRON
Qualitative and quantitative analysis of market growth and trends of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified. Furthermore, market growth and forecasting it is also quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in USD Million for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
You may also interested in below market reports:
The market is witnessing rapid growth, driven by various factors. With the increase in local commute requirements and the rise in fuel prices, electric micro-mobility solutions are becoming increasingly popular. Despite concerns about the price of batteries per KWH and uncomfortable riding experiences, new regulations & rules are encouraging the adoption of one-wheel electric scooters. The industry's focus on green mobility is leading to economic benefits by reducing carbon emissions and vehicular exhausts, thereby decreasing air pollution and particulate matter. Cycling lanes and charging stations are being expanded to support the growing demand for electric power in urban areas, further fueling the growth of the electric mobility industry. Also, electric kick scooters are seeing a prominent uprise in the overall electric scooters industry. Despite concerns about footpath and individual accidents, as well as low safety and uncomfortable riding experience, new regulations & rules are continuously being developed to improve safety standards. Manufacturers are focusing on continuous product development to enhance safety features and overall user experience. The increase in green mobility is leading to economic benefit, environmental benefit, and technological benefits, with one-wheel electric scooters leaving zero carbon footprints and having low impacts on the environment.
Further, these eco-friendly transport options are fuel-efficient vehicles with zero CO2 emissions, providing a sustainable solution for urban transportation needs along with the low-powered electric motorcycle growth. With rising urbanization and changing passenger perceptions, last-mile transportation problems are becoming increasingly evident. These issues are being addressed by the adoption of these scooters, which offer low impact on the environment and fuel-efficient vehicles for urban commuters. Utilizing gyroscopes, sensors, and accelerometers, these scooters provide efficient and safe transportation while navigating traffic congestion and reducing road accidents. Green energy initiatives in developed countries are promoting the use of electric transportation, including hoverboards and brands like F-wheel and Ninebot. With disposable income rising and a growing interest in recreational activities, one-wheel electric scooters are emerging as a popular choice for sustainable and enjoyable urban mobility solutions, supporting the vision of living sustainably.
Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2023 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.57% |
Market Growth 2024-2028 |
USD 53.81 million |
Market structure |
Concentrated |
YoY growth (%) |
5.89 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 41% |
Key consumer countries |
US, Canada, China, Germany, and Italy |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope, one-wheel electric scooters Industry Share |
Key companies profiled |
Airwheel Holding Ltd., Dongguan Begode Intelligent Technology Co. Ltd., E Ride Solutions, FUTURE MOTION INC., Green Tek Service and Marketing, HoverRobotix, Hype Wireless, INMOTION, King Song Intell Co. LTD., SpeedyFeet, SuperRide, and SWAGTRON |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the market forecast period, market share. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market size analysis report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.