Global one wheel electric scooter market

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 News

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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).

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. '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'

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.

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.

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.

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Global one wheel electric scooter market

Report ID: SQSG25C2015

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