Hoverboard Scooters Market Leading Key Players Are Climbing High With CAGR of Between2019-2027

Seattle, WA -- (SBWire) -- 11/19/2019 --Hoverboard scooter refers to a self-balancing two wheeled board that operates on rechargeable battery. It consists of two wheels arranged side-by-side of a platform where rider can easily stand. The rider has to use feet to control the device and to move it in various directions. The scooter can be moved in four different directions using feet like forward, backward, left, and right.

Growing need for convenient and environment friendly mobility options is anticipated to propel market growth. People are getting aware of environmental benefits of using battery operated devices. Increasing use of hoverboards for personal mobility and recreational activities is expected to impel hoverboard scooter market growth. In addition, rising population of youngsters and their preference for battery-operated and self-balancing scooters is likely to boost product demand. Moreover, growing urbanization and rising disposable income will drive the market over the forecast period.

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Market Segmentation:

Market by Type:
6.5-inch wheels
8-inch wheels
10-inch wheels

Market by Application:
Teenagers
Adults

Based on product, the hoverboard scooters market can be categorized into 6.5 inch, 8 inch, and 10 inch. 6.5 inch segment is anticipated to hold highest market share over the forecast period.

On the basis of application, the market can be classified into recreational activities, business purposes, and personal mobility. Recreational activities segment is anticipated to hold highest market share over the forecast period. This is attributed to increasing involvement of people in recreational activities to find peace and relaxation.

Regional Analysis:

Regional segmentation includes North America, Asia Pacific, Europe, South America, and Middle East and Africa. Asia Pacific is anticipated to account for highest market share over the forecast period. This is attributed to China being the major manufacturer base for hoverboard scooters being used across the globe. Zhejiang and Shenzhen are the main eastern coastal province of China where hoverboards are manufactured in large number. In addition rising demand from other developing and developed countries such as Singapore, Australia, Japan, and Malaysia is expected to impel regional growth.

Key Players:

IO Hawk, Swagway, Phunkeeduck , Better Wheels, Razor Hovertrax, MonoRover, Powerboard, Skque, Leray Two Wheel, Cyboard, Chic Robotics, Street Saw, Jetson, Fiturbo

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