The global Hoverboard Scooters market was 600 million US$ in 2018 and is expected to 1510 million US$ by the end of 2025, growing at a CAGR of 12.2% between 2019 and 2025.
Los Angeles, CA -- (SBWIRE) -- 04/19/2019 -- A self-balancing scooter or self-balancing two-wheeled board, commonly referred to as a "hoverboard", is a type of portable, rechargeable battery-powered scooter. They typically consist of two wheels arranged side-by-side, with two small platforms between the wheels, on which the rider stands. The device is controlled by the rider's feet, standing on the built-in gyroscopic, sensored pads.
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US is the largest consuming market, which accounts for more than 80% market share in terms of sales in 2015..With the strict regulation, the US market fall a lot in 2016,but we believe the potential market in USA is still huge.
China is the global main manufacturer base, especially in Shenzhen and Zhejiang. Chic is the first manufacturer of a mature hoverboard product. In the long term, China will continue to be most competitive production base for the hoverboard scooter industry. More strict industry standard will help for a better competitive background. It's expected that UL certification will foster more connections between the distributors and small manufacturers.
Although sales of hoverboard scooter products bring a lot of opportunities, the study group recommends the new entrants who just have money but without quality management understanding and industry support not enter into the hoverboard scooters industry hastily.
This report studies the Hoverboard Scooters market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include:
Leray Two Wheel
By the product type, the market is primarily split into:
By the end users/application, this report covers the following segments:
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