USD 155.39 million
One Wheel Electric Scooter Market Size, Share, Growth Analysis, By Product Type(Unicycle, One Wheel Hoverboard), By Sales Channel(Online, Offline), By Region - Industry Forecast 2024-2031
Report ID:
SQSG25C2015 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|Tables:
61
|Figures:
75
One Wheel Electric Scooter Market Insights
Global One Wheel Electric Scooter Market size was valued at USD 155.39 million in 2019 and is poised to grow from USD 168.6 million in 2023 to USD 351.33 million by 2031, growing at a CAGR of 8.5% in the forecast period (2024-2031).
A one-wheel electric scooter is a single-wheeled personal transportation system that is powered mostly by electricity. Globally, millennials and members of generation Z largely employ this kind of personal transportation. Due to a shift in the perception of urban mobility, this type of transportation system is becoming more popular in metropolitan areas. An electric motor is used in a one-wheeled electric scooter to drive the wheel and generate the necessary torque to move. These self-balancing, one-wheeled electric scooters track all of the performance indices primarily using software programmes. These electric scooters are not subject to any particular motor rules and driving restrictions.
The market for one-wheel electric scooters is anticipated to grow due to factors including rising urbanisation and the need for local transportation, high portability compared to other personal electric vehicles, declining battery prices per KWH, and shifting attitudes toward leisure and recreational activities. Additionally, it is projected that a robust dealer and supplier network, ongoing product development, and competitive advantage will support the expansion of the worldwide one-wheel electric scooter market. But over the projected period, low safety compared to alternative commuting options, uncomfortable riding due to design structure, and new regulations and guidelines are anticipated to impede market growth.
US One Wheel Electric Scooter Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Unicycle
Fastest Growth
Unicycle
Growth Rate
8.5% CAGR
Global One Wheel Electric Scooter Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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One Wheel Electric Scooter Market Segmental Analysis
The global one wheel electric scooter market has been segmented based on product type, sales channel, and region. Based on product type, the One Wheel Electric Scooter Market is segmented into unicycle and one wheel hoverboard. Based on the sales channel, the One Wheel Electric Scooter Market is segmented into online and offline. Based on region, the one wheel electric scooter market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
One Wheel Electric Scooter Market Analysis by Sales Channel
The offline sales sector currently holds the biggest market share worldwide. Customers' preference for in-person purchases over internet buying may be to blame for the dominance. The consumer can access a vast variety of things with internet purchasing, though; everything is accessible with a single click. Shoppers can go shopping at any time of day. The internet store is open around-the-clock. Additionally, customers receive special discounts on products purchased online that are unavailable in stores. Therefore, it is predicted that the online sales category will have a higher CAGR and hold the highest share during the forecast period.
Global One Wheel Electric Scooter Market By Type, 2021 (%)
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One Wheel Electric Scooter Market Regional Insights
North America now retains the top spot in the industry, due to the rising popularity of hoverboards among kids and teenagers as a recreational activity and the rising acceptance of one-wheel electric scooters for personal mobility. The majority of one-wheel electric scooter manufacturers are based in the United States, which is why it leads this regional market.
During the projected period, the one-wheel electric scooter market is anticipated to grow at the highest CAGR and lead the world. The sector has been expanding steadily, propelled by rising middle-class disposable income and falling production costs as a result of commoditization. China is a major manufacturer of affordable hoverboards and unicycles and is anticipated to keep its position in the Asia Pacific market over the coming years. The market for hoverboards in China is anticipated to continue growing as more technologically advanced unicycles and hoverboards are manufactured. Additionally, a number of micro-mobility firms in India providing mobility solutions to deal with inadequate road infrastructure, congested roads, with growing air pollution
Global One Wheel Electric Scooter Market By Geography, 2021 - 2028
- Largest
- Fastest
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One Wheel Electric Scooter Market Dynamics
One Wheel Electric Scooter Market Driver
- In the last ten years, the mobility landscape has undergone tremendous change as conventional transportation methods are replaced by electrically powered vehicles that feature cutting-edge technology. To get the best possible solution for electric mobility, electric-driven mobility provides primarily three benefits, including economic gain, environmental benefit, and technology benefit. One-wheel electric scooters are a popular personal transportation option for metropolitan areas because they have zero carbon emissions and are reasonably priced. In the next years, it is predicted that rising environmental awareness and a growing preference for e-mobility would promote market growth for one-wheel electric scooters.
- In the age of urbanization, a personal commute solution is required to reach the desired destination in densely crowded cities. Due to crowded cities and limited transportation options, commuting from place of employment to place of living is the biggest obstacle. The main issue of the end-users in such situations is the portability of the mobility solution. In comparison to other personal transportation options, the one-wheel electric scooter's design solution allows for a high level of versatility. For simple handling and storage, these electric scooters may be folded and even carried by hand. The demand is anticipated to increase globally as a result of increasing end-users gravitating toward more portable solutions like one-wheel electric scooters.
One Wheel Electric Scooter Market Restraint
- Growing urbanization and a shift in commuters' expectations are driving the popularity of personal computing solutions. These urban commuters seek a transportation option that is both affordable and efficient in terms of both time and money. One of the top urban transportation options for shifting commuter needs is the one-wheel electric scooter. However, for efficient operation, one-wheel electric scooters require operators with adequate training. There are several risks of accidents and low operator safety due to the device design and the need for competent operators. Additionally, this device's operational safety is worse than that of other personal transportation options. The growth of one-wheel electric scooters is predicted to be hampered in the next years by low safety standards.
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One Wheel Electric Scooter Market Competitive Landscape
Many businesses are putting an emphasis on organic growth initiatives, including new launches, product approvals, and others like patents and events. Acquisitions and partnerships & collaborations were examples of inorganic growth tactics that were observed in the market. These actions have made it possible for market participants to increase their customer and revenue. With the growing demand for one wheel electric scooters in the worldwide industry, market players in the one wheel electric scooter market can expect attractive growth prospects in the future.
Top Players in the Global One Wheel Electric Scooter Market
- Future Motion Inc.
- InMotion Technologies, Inc.
- Shenzhen Rooder Technology Co., Ltd.
- Ninebot (Segway)
- Kiwano Electric Scooter
- Solowheel
- Razor USA LLC
- Airwheel
- IPS Electric Unicycle
- F-Wheel
- IPS Intelligent People Transporters
- Segway-Ninebot (Beijing) Co., Ltd.
- KingSong
- SBU V3 Self Balancing Unicycle
- Hovertrax
- Hoverboard
- Yvolution
- Swagtron
- GOTRAX
- TOMOLOO
One Wheel Electric Scooter Market Recent Development
- In January 2022, Yadea Group (China) accepted a newly built in-wheel motor from Nidec Corporation (Japan). For the first time, Nidec has created an in-wheel motor for electric motorcycles. The new in-wheel motor has an 18% higher low-speed torque and a 5% higher high-speed torque than existing motors in the same category.
- In September 2021, Hero Electric (India) increased the capacity of its new production facility in Ludhiana (India), by Q2 2022, the company has increased its production capacity from 1 lakh to over 5 lakh automobiles.
One Wheel Electric Scooter Key Market Trends
- Factors include growing urbanisation and the need for local transportation, high portability compared to other personal electric cars, declining battery prices per KWH, and shifting perspectives on leisure and recreational activities are predicted to drive the market for electric one-wheel scooters globally. Additionally, a powerful dealership and network of suppliers, ongoing product development, and competitive advantage are expected to support the expansion of the one-wheel electric scooter industry globally.
One Wheel Electric Scooter Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, by sales channel, offline dominated the global one wheel electric scooter market in 2021 and is anticipated to maintain its dominance throughout the forecast period. In 2021, North America dominated the global one wheel electric scooter market owing to the region's rising popularity and the rising acceptance of one-wheel electric scooters for personal mobility.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 155.39 million |
| Market size value in 2031 | USD 351.33 million |
| Growth Rate | 8.5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on One Wheel Electric Scooter Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on One Wheel Electric Scooter Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the One Wheel Electric Scooter Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the One Wheel Electric Scooter Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the One Wheel Electric Scooter Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the One Wheel Electric Scooter Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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