Consumer & Luxury Goods Market Research News

Hoverboard scooters market boosted by low cost of electric self balance board

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.

- Advertising -

The self balancing scooter or hoverboard is a self balancing personal transporter which has two motorised wheels connected to a pair of articulated pads on which the rider places his or her feet. The Hoverboard Scooters Market has applications in shopping complexes, sidewalks, and government buildings, and parks.

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The balance board scooter has become a profitable product. Many techniques are being employed to promote these scooters, such as social media, celebrity advertising, and free rides.

- Advertising -

Such promotions are advantageous for the Hoverboard Scooters Market.

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Scope & Regional Forecast of the Hoverboard Scooters Market :
The smart wheels hoverboard is being encouraged at colleges and offices, since they are pollution free and operate on electricity. The trend of using such devices is propelling the growth of the Hoverboard Scooters Market in the advanced economies.

The 2 wheel self balancing board is also being used by the police force to patrol areas like streets and airports.

The manufacturers of the electric self balance board are improving its technology, ergonomics, and range. Other features like wireless charging, Bluetooth, WiFi which can be connected to the person’s personal gadgets are being added.

The hoverboard smart balance scooter is of low cost and is easy to maintain compared to the traditional gas powered automobiles. This benefit will augment the growth of the Hoverboard Scooters Market.

Lack of awareness about the self balancing electric scooter board may inhibit the growth of the Hoverboard Scooters Market. Western Europe and North America have a great demand for the self balancing scooter.

China also provides cheap hoverboards across the globe.

Segmentations & Key Players Involved in the Hoverboard Scooters Market

The Hoverboard Scooters Market can be broken down into various segmentations on the basis of –

  • Type- 6.5-inch wheels, 8-inch wheels, and 10-inch wheels.
  • Application- Adults use
  • Region- North America (USA, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), and Latin America, Middle and Africa. 

Some of the key players involved in the Hoverboard Scooters Market are as follows:

  • IO Hawk
  • Swagway
  • Phunkeeduck
  • Imoto
  • Razor Hovertrax

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