Hoverboard Scooter Market Report 2025

The hoverboard scooter market size has grown steadily in recent years. It will grow from $8.55 billion in 2024 to $8.97 billion in 2025 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to viral popularity and cultural trend, influence of celebrity endorsements, rise of personal mobility devices, increase in urban commuting challenges, expansion of e-commerce and online retail.

The hoverboard scooter market size is expected to see strong growth in the next few years. It will grow to $11.19 billion in 2029 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to accessibility of manufacturing, social media marketing and user-generated content, competitive pricing and affordability, integration of advanced safety features, growth of the electric mobility market, adoption of hoverboards in recreational and sports activities, customization options for personalized hoverboard designs. Major trends in the forecast period include innovative design and engineering of hoverboards, technological advancements in battery technology, adoption of sustainable and eco-friendly materials, collaboration between hoverboard brands and tech companies, integration of smart technologies, integration of ai for improved stability and user experience, customization options for personalized hoverboard designs.

The growing trend of green mobility is expected to drive the expansion of the hoverboard scooter market in the future. Green mobility emphasizes the use of environmentally friendly and sustainable transportation options that have a lower environmental impact than traditional vehicles. Hoverboard scooters, which are battery-powered and emission-free, fit well within this framework. They provide a convenient and eco-friendly solution for short-distance commuting, particularly in urban settings. For example, in 2023, the International Energy Agency, a France-based autonomous intergovernmental organization, reported that global electric car sales reached nearly 14 million, a 35% increase from 2022. This surge brought the total number of electric vehicles (EVs) on the road to around 40 million. As a result, the rise in green mobility trends is propelling the growth of the hoverboard scooter market.

The surge in urbanization is expected to contribute to the growth of the hoverboard scooter market. Urbanization, defined as the increasing growth and expansion of cities often accompanied by population migration from rural to urban areas, sees hoverboard scooters playing a pivotal role. They provide a compact and efficient last-mile transportation solution, contributing to enhanced mobility and addressing challenges in congested urban environments. As of April 2022, the World Economic Forum reported that over 4.3 billion people, equivalent to 55% of the world's population, lived in urban settings, with projections indicating a rise to 80% by 2050. Hence, the upward trajectory of urbanization is a significant factor driving the hoverboard scooter market.

The anticipated growth in the hoverboard scooter market is expected to be propelled by increasing environmental concerns. Environmental concerns encompass adverse impacts of human activity on the environment, spanning issues such as deforestation, air pollution, and acid precipitation. Hoverboards stand out as one of the most environmentally friendly modes of commuting, as they generate no pollutants and require no fuel. This makes them a significant contributor to reducing an individual's carbon footprint. As of March 2023, data from the International Energy Agency indicated a 0.9% increase in global CO2 emissions from energy in 2022, reaching a record of over 36.8 gigatons. Additionally, in April 2023, information from Canada.ca, a Canadian government agency, reported a 1.8% increase in Canada's total greenhouse gas emissions from 659 megatons of carbon dioxide equivalent in 2020 to 670 megatons in 2021. Consequently, growing environmental concerns are a driving force behind the growth of the hoverboard scooter market.

Technological advancements emerge as a prominent trend gaining traction in the hoverboard scooter market. Key companies within the market are adopting innovative technologies to maintain their competitive positions. For example, in October 2022, Swagtron, a US-based electric rideable manufacturing company, introduced the Shuttle Zipboard, the second generation of hoverboards designed for kids and teens. This hoverboard combines elements of skateboarding, surfing, and snowboarding to provide an exhilarating riding experience. Equipped with self-balancing technology, the Shuttle Zipboard offers precise control for riders of all skill levels on various terrains. Noteworthy features include a patented LiFePo battery known for durability and safety, providing a range of up to 3-5 miles on a single charge. With its cutting-edge design and advanced features such as LED lights and a Bluetooth speaker, the Shuttle Zipboard delivers a unique and enjoyable riding experience for young riders.

Major companies in the hoverboard scooter market are intensifying efforts to introduce high-speed hoverboards for a competitive advantage. High-speed hoverboards are electric self-balancing scooters designed for increased velocity, often incorporating advanced motors and batteries. In October 2023, Shane Chen, a China-based inventor, introduced the innovative concept of SHANE, a parallel two-wheeled electric car. This concept vehicle, designed to comply with the laws of physics, offers a futuristic driving experience on urban and highway roads. Claimed to be the first-ever practical and efficient two-wheeled car concept combining high speed with energy efficiency, SHANE features large wheels to reduce rolling resistance, in-wheel regenerative shocks, and a shifting center of gravity for stability, making it as secure as a four-wheeled car.

Major companies operating in the hoverboard scooter market include Razor USA LLC, Segway Inc., Swagtron, GOTRAX, Hover-1, Jetson Electric Bikes, Epikgo, Halo Board, Skque, TOMOLOO, EPIKGO, CHO Power Sports, Xprit, Megawheels, Gyroor, Sisigad, StreetSaw, Lamborghini, Veeko, Levit8ion, Hoverheart, Felimoda, Hiboy, Hyper GOGO, EverCross, FLYING-ANT, Smart Balance, Longway, CXM Hoverboards, NHT.

North America was the largest region in the hoverboard scooter market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hoverboard scooter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the hoverboard scooter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

A hoverboard scooter, also referred to as a self-balancing scooter, is a portable and battery-powered personal transportation device with two wheels, allowing users to stand on it and move between different locations. It features a platform with a central pivot point where the rider stands and has two motorized wheels on either side.

Hoverboard scooters encompass various products, with one-wheel hoverboards and unicycles being the main types. A one-wheel hoverboard, also known as a self-balancing unicycle, is a single-wheeled personal transportation device equipped with self-balancing technology. These devices operate using different types of batteries, including lithium-ion, lead acid, and nickel-metal hydride. They may offer various connectivity options such as Bluetooth, Wi-Fi, or no connectivity at all. These products are available through diverse sales channels, including both online and offline platforms, and serve various applications, including personal mobility and business purposes.

The hoverboard scooter market research report is one of a series of new reports that provides hoverboard scooter market statistics, including hoverboard scooter industry global market size, regional shares, competitors with a hoverboard scooter market share, detailed hoverboard scooter market segments, market trends and opportunities, and any further data you may need to thrive in the hoverboard scooter industry. This hoverboard scooter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The hoverboard scooter market consists of sales of classic hoverboard scooters, off-road hoverboard scooters, and smart balance hoverboard scooters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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