Global Balancing Scooter Market Growth 2023-2029

Global Balancing Scooter Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Balancing Scooter Industry Forecast” looks at past sales and reviews total world Balancing Scooter sales in 2022, providing a comprehensive analysis by region and market sector of projected Balancing Scooter sales for 2023 through 2029. With Balancing Scooter sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Balancing Scooter industry.

This Insight Report provides a comprehensive analysis of the global Balancing Scooter landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Balancing Scooter portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Balancing Scooter market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Balancing Scooter and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Balancing Scooter.

The global Balancing Scooter market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

The opportunity anticipated to boost the self-balancing scooter market includes its increasing demand in college campuses owing to its stylish look and fun ride experience. Also, it is noise-free and operates on electricity, thus causing no pollution. Apart from being environment friendly, it incorporates advanced features including wireless charging and Bluetooth. Thus, the increasing inclination toward advanced electronic devices is expected to provide opportunities to the self-balancing scooter market in college campuses in the near future. Other factors responsible for the growth of this market is the increasing dependency on mobility equipment. In terms of geography, Europe is expected to be a highly attractive region contributing to the self-balancing scooter market owing to high disposable income of consumers and availability of sufficient area to use these scooters in the region.

This report presents a comprehensive overview, market shares, and growth opportunities of Balancing Scooter market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Single Wheeled
Double Wheeled

Segmentation by application
Personal Use
Commercial Use

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Ninebot
Inventist
IPS Electric Unicycle
Robstep
Hangzhou Chic Intelligent Technology
Solowheel
Segway
Oxboard
Freego

Key Questions Addressed in this Report

What is the 10-year outlook for the global Balancing Scooter market?

What factors are driving Balancing Scooter market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Balancing Scooter market opportunities vary by end market size?

How does Balancing Scooter break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.