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

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.