[235 Pages Report] Increase in green mobility solutions, urbanization and requirements for local commute, and reduced batteries prices per KWH drive the global hoverboard scooter market growth. North America held the largest share in 2020, and is estimated to maintain its dominant share in terms of revenue by 2030. Manufacturing activities of hoverboard scooters have been stopped completely or partially with the lockdown measures in place.
Portland, OR, Oct. 18, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global hoverboard scooter market generated $781.2 million in 2020, and is projected to reach $1.24 billion by 2030, witnessing a CAGR of 5.1% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top investment pockets, regional landscape, major segments, value chain, and competitive scenario.
Rise in green mobility, increase in urbanization and local commute requirements, and decline in prices of batteries per KWH drive the growth of the global hoverboard scooter market. However, lower safety as compared to other commuting options and discomfort in riding for long route commutes hinder the market growth. Contrarily, changing outlook toward leisure & recreational activities and strengthening dealership and supplier network present new opportunities in the coming years.
Download Report (235 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/12622
Manufacturing facilities of hoverboard scooters have been closed down completely or partially due to the lockdown measures. Moreover, there were disruptions in the supply chain, shortage of workforce, and shortage of raw materials.
Stringent commute restrictions during the lockdown and weak financial performance of market players in earlier stages of the pandemic impacted the hoverboard scooter market negatively in 2020.
With social distancing regulations in place, there will be a requirement for personal commute solutions. This is expected to recover the demand for hoverboard scooters during the post-pandemic.
The report offers detailed segmentation of the global hoverboard scooter market based on type, application, sales channel, speed limit, and region.
Request for Customization at https://www.alliedmarketresearch.com/request-for-customization/12622
Based on type, the compact size segment contributed to the highest market share in 2020, accounting for nearly two-fifths of the total share, and is estimated to maintain its lead position throughout the forecast period. However, the mid-size segment is estimated to witness the highest CAGR of 5.7% from 2021 to 2030.
Based on application, the personal mobility device segment held the largest market share in 2020, contributing to more than two-thirds of the global hoverboard scooter market, and is estimated to continue its lead during the forecast period. Moreover, this segment is expected to manifest the largest CAGR of 5.6% from 2021 to 2030. The research also analyzes the business purposes segment.
Interested to Procure the Data? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/12622
Based on region, North America accounted for the largest share in 2020, holding more than one-third of the total share, and is projected to maintain its dominance in terms of revenue by 2030. However, Asia-Pacific is expected to portray the fastest CAGR of 6.4% during the forecast period.
List of companies profiled of the global hoverboard scooter market analyzed in the research include FUTURE MOTION INC, HETECHI LTD., Halo Board, INMOTION Technologies Co., Ltd, HoverRobotix, Shenzhen Gyroor Tech (China) Co., Ltd, Jetson Electric Bikes LLC, Tomoloo Technology Industrial Co., Ltd., SWAGTRON, and UBOARD INDIA LIMITED.
Schedule a FREE Consultation Call with Our Analysts to Find Solutions for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/12622
Similar Reports We Have on Automotive Industry:
One Wheel Electric Scooter Market by Product Type (Electric Unicycle, and Electric One wheel Hoverboard), Application (Off-road Activities, and Daily Commute), Sales Channel (Online Sales, and Offline Sales), and Speed Limit (Kmh) (20 Kmh - 30 Kmh, 30 Kmh - 50 Kmh, and More than 50 Kmh): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Electric Kick Scooter Market by Battery Type (Sealed Lead Acid (SLA), Lithium Ion (Li-Ion), and Others) and Voltage (Less than 25V, 25V to 50V, and More than 50V): Global Opportunity Analysis and Industry Forecast, 2021–2030.
Electric Scooter and Motorcycle Market by Vehicle Type (E-Scooter/Moped and E-Motorcycle), Product Type (Retro, Standing/Self-Balancing, and Folding), Battery (Sealed Lead Acid and Lithium-Ion), Distance Covered (below 75 miles, 75-100 Miles, and above 100 Miles), Technology (Plug-in and Battery), Voltage (36V, 48V, 60V, and 72V), and Vehicle Class (Economy and Luxury): Global Opportunity Analysis and Industry Forecast, 2021–2030.
Mobility Scooters Market by Type (Small (Less than 110 cm), Medium (110-150 cm), and Large (More than 150 cm)), Range (Less than 10 Miles, 10-20 Miles, and More Than 20 Miles), and Number of Wheels (Three Wheeler and Four Wheeler): Global Opportunity Analysis and Industry Forecast, 2021–2030.
Electric Bike Market by Product (Pedelecs, Speed Pedelecs, Throttle on Demand, and Scooter & Motorcycle), Drive Mechanism (Hub Motor, Mid-Drive, and Others), and Battery Type (Lead Acid, Lithium-Ion (Li-ion), and Others): Global Opportunity Analysis and Industry Forecast, 2020–2030
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free):
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Allied Market Research Blog: https://blog.alliedmarketresearch.com