Market Size of Self Balancing Scooter Market, Forecast Report 2016-2026

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Market Size of Self Balancing Scooter Market, Forecast Report 2016-2026
Self Balancing
Scooter Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2016– 2026
Future Market Insights
www.futuremarketinsights.com
[email protected]
Report
Description
Report Description
Self-balancing scooters or Hoverboard use gyroscope to determine balance of board, motors
keep speed according to the inclination of the person riding it. These scooters are designed to
look futuristic and an alternative to walking. Initially, self-balancing scooters did not perform in
market because of many limitations such as low range, improper functioning of electronics, and
high cost. Now after spending a lot in research & development and advertisement by
manufacturing companies, these scooters are becoming a profitable product. Many nation have
now removed ban over using these scooters in public areas. These scooters are majorly used in
shopping complexes, manufacturing facilities, sidewalks, parks, and various government
buildings. Self-balancing scooter market is still at primitive stage. Awareness regarding selfbalancing scooter is still a primary concern for the manufacturers. A lot of promotion techniques
are being used by companies such as promotion on social media, celebrity advertising, and free
rides to increase the awareness about self-balancing scooter.
Self-balancing scooter market: Market Dynamics
Self-balancing scooter look futuristic and are fun to drive. Moreover these scooters are less
expensive than any other mobility scooters available in market. Self-balancing scooters are being
promoted at office and college campuses because they are environment friendly, noise free and
operate on electricity. The trend of using modern and advanced electronic devices and
increasing dependency on mobility equipment is driving its demand in advanced economies.
These scooters are being used by police to petrol certain places like streets and airports.
Report
Description
Report Description
Manufacturers of self-balancing scooters are regularly improving its ergonomics, technology,
range, and adding various modern features such as wireless charging, Wi-Fi, and Bluetooth
which can connect it with user’s personal gadgets. Features like these are encouraging people to
buy these advanced products.
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There have been various reports of explosion and malfunctioning of Self-balancing scooters. As
the result of these reports, in Feb 2016, United States government declared these scooters as
unsafe for public use. Governments of various countries have different rules regarding use of
these scooters. These barriers are restraining its use and limiting its market to private properties.
Usually these scooters have 15- 30 km range, charging time and the unavailability of charging
stations is major problem. Despite of using various promotion techniques, awareness is still a
major problem restraining its market growth.
Self-balancing scooter market: Segmentation
Self-balancing scooter market can be segmented on the basis of product types, end use
industries and region.
Report
Description
Report Description
Based on product type
Single wheeled and double wheeled. Single wheeled scooter or self-balancing Unicycle are
comparatively new in market. Due to this Unicycle is manufactured by less number of
companies.
Based on end use industries
Personal use and Commercial use. Residential and college campus market comes under Personal
use, while Commercial use segment is further divided into office campus, manufacturing
facilities and government infrastructure such as airport and railways (usually used by police
during patrolling).
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Self-balancing scooter market: Regional outlook
Countries with high per capita income are encouraging markets for self-balancing scooters.
Western Europe and North America have highest demand for these scooters. Especially U.S. has
shown big demand for these scooters. China players are providing cheap scooters throughout
the world. This has made China a major manufacturer of both Unicycle and double wheeled
scooters. Self-balancing scooter market has limited signs of rise in African nations. Safety
regulations are still posing problem in many cities around the world.
Report
Description
Report Description
Self-balancing scooter market: Key players
The key players involved in the manufacturing of Self-balancing scooter include:
Ninebot Inc.
Inventist, Inc.
IPS Electric Unicycle Co.,Limited
Robstep GB
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Hangzhou Chic Intelligent Technology Co., Ltd.
ESWING TECH.
Airwheel
Shenzhen Counterbalance Technology Co., Ltd.
Esway
Solowheel
Segway, Inc.
IO Hawk
Oxboard B.V.
Freego Inc.
Evoy Technologies
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