PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567191
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567191
Hoverboard Market, By Product Type, By Battery Type, By Application, By Geography
The Global Hoverboard Market is estimated to be valued at USD 924.61 Bn in 2024 and is expected to reach USD 1,467.05 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 924.61 Bn |
| Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
| Forecast Period 2024 to 2031 CAGR: | 6.80% | 2031 Value Projection: | US$ 1,467.05 Bn |
The global hoverboard market has witnessed significant growth in the past few years owing to the rising popularity of electric personal mobility devices among young consumers for recreation as well as micromobility transportation solution. Hoverboards function on the principle of magnetic levitation and allow users to travel short distances through balanced weight distribution without any pedaling. Technological advances in lithium-ion batteries along with declining battery prices have enabled manufacturers to enhance the performance as well as travel range of hoverboards. Moreover, growing consumer inclination towards eco-friendly transportation is positively influencing the sales of electric hoverboards.
Market Dynamics:
The global hoverboard market growth is driven by rising consumer preference for personal electric vehicles, improving lifestyle, and increasing inclination towards outdoor recreational activities. However, high product and maintenance cost, safety issues associated with battery fires, and lack of necessary riding skills are some of the factors expected to restrain the market growth. Meanwhile, ongoing technological advancements in batteries, motors, and sensors coupled with development of smart hoverboards with advanced features provide huge opportunities for market expansion. Additionally, growing popularity of electric micromobility as an alternative to short-distance transportation fuelled by initiatives towards development of infrastructure is anticipated to present new growth avenues.
Key features of the study:
This report provides in-depth analysis of the global hoverboard market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global hoverboard market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Areema, CHIC Robotics, Hover-1 (DGL Group), Hoverboard (Cynova), InMotion, Jetson, Koowheel, Leray, Lime, Segway-Ninebot, Swagtron, TOMOLOO, VEVELINE, VeeBee, and Xiaomi
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global hoverboard market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global hoverboard market
Detailed Segmentation-
- By Product Type Insights (Revenue, USD Bn, 2019 - 2031)
- Self-Balancing Hoverboards
- Hover Scooters
- Hover Skates
- By Battery Type Insights (Revenue, USD Bn, 2019 - 2031)
- Lithium-Ion
- Lead-Acid
- Others (Nickel-Metal Hydride, Lithium-Polymer, etc.)
- By Application Insights (Revenue, USD Bn, 2019 - 2031)
- Personal/Recreational Use
- Commercial Use (Tourism, Rentals, etc.)
- Industrial/Warehouse Use
- By Regional Insights (Revenue, USD Bn 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Areema
- CHIC Robotics
- Hover-1 (DGL Group)
- Hoverboard (Cynova)
- InMotion
- Jetson
- Koowheel
- Leray
- Lime
- Segway-Ninebot
- Swagtron
- TOMOLOO
- VEVELINE
- VeeBee
- Xiaomi
Table of Contents
1. RESEARCH OBJECTIVES AND ASSUMPTIONS
- Research Objectives
- Assumptions
- Abbreviations
2. MARKET PURVIEW
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Hoverboard Market, By Product Type
- Global Hoverboard Market, By Battery Type
- Global Hoverboard Market, By Application
- Global Hoverboard Market, By Region
3. MARKET DYNAMICS, REGULATIONS, AND TRENDS ANALYSIS
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Global Hoverboard Market, By Product Type, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Self-Balancing Hoverboards
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Hover Scooters
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Hover Skates
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
5. Global Hoverboard Market, By Battery Type, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Lithium-Ion
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Lead-Acid
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others (Nickel-Metal Hydride, Lithium-Polymer, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
6. Global Hoverboard Market, By Application, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Personal/Recreational Use
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Commercial Use (Tourism, Rentals, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Industrial/Warehouse Use
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
7. Global Hoverboard Market, By Region, 2019 - 2031, Value (USD Bn)
- Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2020 - 2031, Value (USD Bn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Battery Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country 2019 - 2031, Value (USD Bn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Battery Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country 2019 - 2031, Value (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Battery Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country 2019 - 2031, Value (USD Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Battery Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country 2019 - 2031, Value (USD Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Battery Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country 2019 - 2031, Value (USD Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Battery Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country 2019 - 2031, Value (USD Bn)
- South Africa
- North Africa
- Central Africa
8. COMPETITIVE LANDSCAPE
- Areema
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- CHIC Robotics
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Hover-1 (DGL Group)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Hoverboard (Cynova)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- InMotion
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Jetson
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Koowheel
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Leray
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Lime
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Segway-Ninebot
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Swagtron
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- TOMOLOO
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- VEVELINE
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- VeeBee
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Xiaomi
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. References and Research Methodology
- References
- Research Methodology
- About us
