Self-Balancing Scooter Market is expected to worth USD 577.1 million by 2025, with a CAGR of 4.6% during 2019-2025
Published | 06 April 2019
According to BlueWeave
Consulting, the global Self-Balancing Scooter market is anticipated to worth
USD 577.1 million by 2025, with a CAGR of 4.6% during 2019-2025. The Global
Self-Balancing Scooter Market is expected to grow with a significant rate
during the forecast period, owing to its increasing demand in the commercial as
eco-friendly & lightweight, rechargeable batteries, and noise-free.
The demand for
Self-Balancing Scooter for its less expensive than any other mobility scooter
coupled with its ergonomics, technology, range, and adding various modern
features such as wireless charging, Wi-Fi, and Bluetooth in college premises
among millennial generations will boost the Self-Balancing Scooter market in
the upcoming year. Moreover, the major factor driving the market growth is the
growing use of Self-Balancing Scooter in public services like useful in
patrolling purposes by police in airports and streets because of its
environment-friendly, noise-free, and operates on electric vehicles.
Furthermore, the growing use
of a self-balancing scooter in parks, manufacturing facilities, shopping
complexes, government campuses across various countries in the world will
accelerate the growth of the Self-Balancing Scooter market. Additionally,
growing per capita incomes among consumers, coupled with a futuristic look and
are fun in the drive, will contribute to Self-Balancing Scooter market growth
during the forecast period. Furthermore, the increasing inclination toward
advanced electronic devices that have eco-friendly, lightweight, wireless
charging, and Bluetooth are major drivers for the growth of the global
Self-Balancing Scooter market in the forecast period.
Double
Wheeled product type of Self-Balancing Scooter market is projected to be the
leading segment of the overall market during the forecast period.
Based on Product type, the
Self-Balancing Scooter market segmented into Unicycle and double wheeled. The
double wheeled segment dominates the global Self-Balancing Scooter owing to
growing its application in the commercial sector, government offices, and
manufacturing facilities for its high performance, high flexibility, and lightweight.
Unicycle wheeled market will influence by its demand in the residential sector
and college premise for its features like faster speed and larger wheel size.
Commercial
Use segment is projected to lead the industry for utilizing the applications of
the Self-Balancing Scooter during the forecast period.
Based on the End-User
industry, the global Self-Balancing Scooter market segmented into Personal use
and Commercial use. By End-User Industry, Commercial Use will lead the market
owing to the growing adoption of Self-Balancing Scooter in shopping complexes,
manufacturing facilities, and government services for patrolling in various
segments. The residential sector will grow by the increment in disposable
income coupled with eco-friendly features and recharging features of the
self-Balancing scooter.
Europe
accounts for the lion’s share of the global Self-Balancing Scooter market
during the anticipated period.
Based on region, the
Self-Balancing Scooter market has been segmented into North America, Europe,
Asia Pacific, Middle East & Africa, and Latin America. Europe dominates the
world Self-Balancing Scooter market over the forecast period owing to high
industrialization coupled with increment in disposable incomes and growing need
of self-balancing scooter in the commercial sector. North America market will
propel by the presence of major companies coupled with high disposable incomes
and huge adoption of applications in the commercial and residential sectors.
Global
Self-Balancing Scooter Market Competitive Landscape
Companies such as Hangzhou
Chic Intelligent Technology Co., Ltd., Ninebot Inc., Shenzhen Counterbalance
Technology Co., Ltd., Inventist, Inc., Segway, Inc., Koogo Technology Inc.,
Freego Inc., Oxboard B.V., Robstep GB, IPS Electric Unicycle Co., Limited, Evoy
Technologies LLC, Razor USA LLC, Sky Walkers USA, RioRand Advanced Technology,
ESWING, Airwheel, Esway, Solowheel, Evoy Technologies, and Shenzhen Iezway
Technology are the key players for Manufacturing of Self-Balancing Scooter.
Browse Detailed Analysis
with TOC, “Global Self-Balancing Scooter
Market Size, by Product Type (unicycle and double wheeled), by End-Use Industry
(Personal use and Commercial use), by Region (North America, Europe, Asia
Pacific, Middle East & Africa and Latin America); Growth Potential, Trends
Analysis, Competitive Market Size and Forecast, 2019-2025”
At https://www.blueweaveconsulting.com/global-self-balancing-scooter-market-bwc19140
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