The formation of trade alliance by Chinese hoverboard manufacturers is expected to be one of the major factors that will have a positive impact on the growth of the market.

City of Industry, CA -- (SBWire) -- 08/07/2018 --This study researches the size of Hoverboard Market, presents the global Hoverboard sales and revenue by companies, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025. This report focuses on the key data information of Hoverboard in key regions like North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, presents sales, revenue, market share, growth rate of Hoverboard for each region and countries in each region.

For top companies, this report investigates and analyzes the sales, revenue, market share and growth rate for the top players, key data from 2013 to 2018. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter's Five Forces Analysis. The hoverboard is a battery-operated, self-balancing device, which is mainly used for recreational activities and personal mobility. Hoverboard has made significant advancement after the first-generation hoverboards were released in 2014. The advanced features, such as Bluetooth connectivity, GPS system, integrating hoverboard with smartphones, etc. are being added in hoverboards.

In China, over 100 Chinese hoverboard manufacturers have introduced trade association called the Hoverboard Industry Alliance in 2017. The objective of this alliance is mainly to work with the organizations that set safety standards for hoverboard and patents in the US, China, and other countries. This will help hoverboard manufacturers to get assistance on UL certification on exporting hoverboards to the US that is required by most of the US retailers. Moreover, this alliance also communicates constantly with UL and CPSC to bring in and enforce safety standards. The formation of this alliance will offer guidance to the Chinese hoverboard manufacturers to meet the stringent safety norms and raise the sales of their products.

In 2018, the global Hoverboard market size was 1700 million US$ and is forecast to 2350 million US in 2025, growing at a CAGR of 4.2% from 2018. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Hoverboard.

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This report includes the following manufacturers; we can also add the other companies as you want.

Swagtron

Airwheel

Razor Hovertrax

IO HAWK

Megawheels

Market Segment by Product Type

Compact-Size

Mid-Size

Full-Size

Market Segment by Application

Recreational Activities

Personal Mobility Device

Business Purposes

The study objectives are:

To analyze and research the global Hoverboard status and future forecast, involving capacity, production, value, consumption, growth rate (CAGR), market share, historical and forecast.

To present the key Hoverboard manufacturers, capacity, production, revenue, market share, and recent development for key players.

To split the breakdown data by regions, type, companies and applications.

To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.

To identify significant trends, drivers, influence factors in global and regions.

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

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In this study, the years considered to estimate the market size of Hoverboard are as follows:

History Year: 2013-2018

Base Year: 2017

Estimated Year: 2018

Forecast Year 2018 to 2025

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