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Balancing Scooter-Global Market Insights and Sales Trends 2025
Synopsis
Self-balancing scooters or Hoverboard use gyroscope to determine balance of board, motors keep speed according to the inclination of the person riding it. These scooters are designed to look futuristic and an alternative to walking. Initially, self-balancing scooters did not perform in market because of many limitations such as low range, improper functioning of electronics, and high cost. Now after spending a lot in research & development and advertisement by manufacturing companies, these scooters are becoming a profitable product.
The global Balancing Scooter market size is expected to reach US$ 663.3 million by 2029, growing at a CAGR of 4.2% from 2023 to 2029. The market is mainly driven by the significant applications of Balancing Scooter in various end use industries. The expanding demands from the Personal Use and Commercial Use, are propelling Balancing Scooter market. Single Wheeled, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Double Wheeled segment is estimated at % CAGR for the next seven-year period.
The opportunity anticipated to boost the self-balancing scooter market includes its increasing demand in college campuses owing to its stylish look and fun ride experience. Also, it is noise-free and operates on electricity, thus causing no pollution. Apart from being environment friendly, it incorporates advanced features including wireless charging and Bluetooth. Thus, the increasing inclination toward advanced electronic devices is expected to provide opportunities to the self-balancing scooter market in college campuses in the near future. Other factors responsible for the growth of this market is the increasing dependency on mobility equipment. In terms of geography, Europe is expected to be a highly attractive region contributing to the self-balancing scooter market owing to high disposable income of consumers and availability of sufficient area to use these scooters in the region.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Balancing Scooter, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Balancing Scooter market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Balancing Scooter market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Balancing Scooter sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Balancing Scooter covered in this report include Ninebot, Inventist, IPS Electric Unicycle, Robstep, Hangzhou Chic Intelligent Technology, Solowheel, Segway, Oxboard and Freego, etc.
The global Balancing Scooter market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Ninebot
Inventist
IPS Electric Unicycle
Robstep
Hangzhou Chic Intelligent Technology
Solowheel
Segway
Oxboard
Freego
Global Balancing Scooter market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Balancing Scooter market, Segment by Type:
Single Wheeled
Double Wheeled
Global Balancing Scooter market, by Application
Personal Use
Commercial Use
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Balancing Scooter manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Balancing Scooter in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Self-balancing scooters or Hoverboard use gyroscope to determine balance of board, motors keep speed according to the inclination of the person riding it. These scooters are designed to look futuristic and an alternative to walking. Initially, self-balancing scooters did not perform in market because of many limitations such as low range, improper functioning of electronics, and high cost. Now after spending a lot in research & development and advertisement by manufacturing companies, these scooters are becoming a profitable product.
The global Balancing Scooter market size is expected to reach US$ 663.3 million by 2029, growing at a CAGR of 4.2% from 2023 to 2029. The market is mainly driven by the significant applications of Balancing Scooter in various end use industries. The expanding demands from the Personal Use and Commercial Use, are propelling Balancing Scooter market. Single Wheeled, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Double Wheeled segment is estimated at % CAGR for the next seven-year period.
The opportunity anticipated to boost the self-balancing scooter market includes its increasing demand in college campuses owing to its stylish look and fun ride experience. Also, it is noise-free and operates on electricity, thus causing no pollution. Apart from being environment friendly, it incorporates advanced features including wireless charging and Bluetooth. Thus, the increasing inclination toward advanced electronic devices is expected to provide opportunities to the self-balancing scooter market in college campuses in the near future. Other factors responsible for the growth of this market is the increasing dependency on mobility equipment. In terms of geography, Europe is expected to be a highly attractive region contributing to the self-balancing scooter market owing to high disposable income of consumers and availability of sufficient area to use these scooters in the region.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Balancing Scooter, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Balancing Scooter market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Balancing Scooter market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Balancing Scooter sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Balancing Scooter covered in this report include Ninebot, Inventist, IPS Electric Unicycle, Robstep, Hangzhou Chic Intelligent Technology, Solowheel, Segway, Oxboard and Freego, etc.
The global Balancing Scooter market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Ninebot
Inventist
IPS Electric Unicycle
Robstep
Hangzhou Chic Intelligent Technology
Solowheel
Segway
Oxboard
Freego
Global Balancing Scooter market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Balancing Scooter market, Segment by Type:
Single Wheeled
Double Wheeled
Global Balancing Scooter market, by Application
Personal Use
Commercial Use
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Balancing Scooter manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Balancing Scooter in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Balancing Scooter Market Overview
1.1 Balancing Scooter Product Overview
1.2 Balancing Scooter Market Segment by Type
1.2.1 Single Wheeled
1.2.2 Double Wheeled
1.3 Global Balancing Scooter Market Size by Type
1.3.1 Global Balancing Scooter Market Size Overview by Type (2018-2029)
1.3.2 Global Balancing Scooter Historic Market Size Review by Type (2018-2023)
1.3.3 Global Balancing Scooter Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Balancing Scooter Sales Breakdown by Type (2018-2023)
1.4.2 Europe Balancing Scooter Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Balancing Scooter Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Balancing Scooter Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Balancing Scooter Sales Breakdown by Type (2018-2023)
2 Global Balancing Scooter Market Competition by Company
2.1 Global Top Players by Balancing Scooter Sales (2018-2023)
2.2 Global Top Players by Balancing Scooter Revenue (2018-2023)
2.3 Global Top Players by Balancing Scooter Price (2018-2023)
2.4 Global Top Manufacturers Balancing Scooter Manufacturing Base Distribution, Sales Area, Product Type
2.5 Balancing Scooter Market Competitive Situation and Trends
2.5.1 Balancing Scooter Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Balancing Scooter Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Balancing Scooter as of 2022)
2.7 Date of Key Manufacturers Enter into Balancing Scooter Market
2.8 Key Manufacturers Balancing Scooter Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Balancing Scooter Status and Outlook by Region
3.1 Global Balancing Scooter Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Balancing Scooter Historic Market Size by Region
3.2.1 Global Balancing Scooter Sales in Volume by Region (2018-2023)
3.2.2 Global Balancing Scooter Sales in Value by Region (2018-2023)
3.2.3 Global Balancing Scooter Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Balancing Scooter Forecasted Market Size by Region
3.3.1 Global Balancing Scooter Sales in Volume by Region (2024-2029)
3.3.2 Global Balancing Scooter Sales in Value by Region (2024-2029)
3.3.3 Global Balancing Scooter Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Balancing Scooter by Application
4.1 Balancing Scooter Market Segment by Application
4.1.1 Personal Use
4.1.2 Commercial Use
4.2 Global Balancing Scooter Market Size by Application
4.2.1 Global Balancing Scooter Market Size Overview by Application (2018-2029)
4.2.2 Global Balancing Scooter Historic Market Size Review by Application (2018-2023)
4.2.3 Global Balancing Scooter Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Balancing Scooter Sales Breakdown by Application (2018-2023)
4.3.2 Europe Balancing Scooter Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Balancing Scooter Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Balancing Scooter Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Balancing Scooter Sales Breakdown by Application (2018-2023)
5 North America Balancing Scooter by Country
5.1 North America Balancing Scooter Historic Market Size by Country
5.1.1 North America Balancing Scooter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Balancing Scooter Sales in Volume by Country (2018-2023)
5.1.3 North America Balancing Scooter Sales in Value by Country (2018-2023)
5.2 North America Balancing Scooter Forecasted Market Size by Country
5.2.1 North America Balancing Scooter Sales in Volume by Country (2024-2029)
5.2.2 North America Balancing Scooter Sales in Value by Country (2024-2029)
6 Europe Balancing Scooter by Country
6.1 Europe Balancing Scooter Historic Market Size by Country
6.1.1 Europe Balancing Scooter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Balancing Scooter Sales in Volume by Country (2018-2023)
6.1.3 Europe Balancing Scooter Sales in Value by Country (2018-2023)
6.2 Europe Balancing Scooter Forecasted Market Size by Country
6.2.1 Europe Balancing Scooter Sales in Volume by Country (2024-2029)
6.2.2 Europe Balancing Scooter Sales in Value by Country (2024-2029)
7 Asia-Pacific Balancing Scooter by Region
7.1 Asia-Pacific Balancing Scooter Historic Market Size by Region
7.1.1 Asia-Pacific Balancing Scooter Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Balancing Scooter Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Balancing Scooter Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Balancing Scooter Forecasted Market Size by Region
7.2.1 Asia-Pacific Balancing Scooter Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Balancing Scooter Sales in Value by Region (2024-2029)
8 Latin America Balancing Scooter by Country
8.1 Latin America Balancing Scooter Historic Market Size by Country
8.1.1 Latin America Balancing Scooter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Balancing Scooter Sales in Volume by Country (2018-2023)
8.1.3 Latin America Balancing Scooter Sales in Value by Country (2018-2023)
8.2 Latin America Balancing Scooter Forecasted Market Size by Country
8.2.1 Latin America Balancing Scooter Sales in Volume by Country (2024-2029)
8.2.2 Latin America Balancing Scooter Sales in Value by Country (2024-2029)
9 Middle East and Africa Balancing Scooter by Country
9.1 Middle East and Africa Balancing Scooter Historic Market Size by Country
9.1.1 Middle East and Africa Balancing Scooter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Balancing Scooter Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Balancing Scooter Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Balancing Scooter Forecasted Market Size by Country
9.2.1 Middle East and Africa Balancing Scooter Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Balancing Scooter Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Ninebot
10.1.1 Ninebot Company Information
10.1.2 Ninebot Introduction and Business Overview
10.1.3 Ninebot Balancing Scooter Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Ninebot Balancing Scooter Products Offered
10.1.5 Ninebot Recent Development
10.2 Inventist
10.2.1 Inventist Company Information
10.2.2 Inventist Introduction and Business Overview
10.2.3 Inventist Balancing Scooter Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Inventist Balancing Scooter Products Offered
10.2.5 Inventist Recent Development
10.3 IPS Electric Unicycle
10.3.1 IPS Electric Unicycle Company Information
10.3.2 IPS Electric Unicycle Introduction and Business Overview
10.3.3 IPS Electric Unicycle Balancing Scooter Sales, Revenue and Gross Margin (2018-2023)
10.3.4 IPS Electric Unicycle Balancing Scooter Products Offered
10.3.5 IPS Electric Unicycle Recent Development
10.4 Robstep
10.4.1 Robstep Company Information
10.4.2 Robstep Introduction and Business Overview
10.4.3 Robstep Balancing Scooter Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Robstep Balancing Scooter Products Offered
10.4.5 Robstep Recent Development
10.5 Hangzhou Chic Intelligent Technology
10.5.1 Hangzhou Chic Intelligent Technology Company Information
10.5.2 Hangzhou Chic Intelligent Technology Introduction and Business Overview
10.5.3 Hangzhou Chic Intelligent Technology Balancing Scooter Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Hangzhou Chic Intelligent Technology Balancing Scooter Products Offered
10.5.5 Hangzhou Chic Intelligent Technology Recent Development
10.6 Solowheel
10.6.1 Solowheel Company Information
10.6.2 Solowheel Introduction and Business Overview
10.6.3 Solowheel Balancing Scooter Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Solowheel Balancing Scooter Products Offered
10.6.5 Solowheel Recent Development
10.7 Segway
10.7.1 Segway Company Information
10.7.2 Segway Introduction and Business Overview
10.7.3 Segway Balancing Scooter Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Segway Balancing Scooter Products Offered
10.7.5 Segway Recent Development
10.8 Oxboard
10.8.1 Oxboard Company Information
10.8.2 Oxboard Introduction and Business Overview
10.8.3 Oxboard Balancing Scooter Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Oxboard Balancing Scooter Products Offered
10.8.5 Oxboard Recent Development
10.9 Freego
10.9.1 Freego Company Information
10.9.2 Freego Introduction and Business Overview
10.9.3 Freego Balancing Scooter Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Freego Balancing Scooter Products Offered
10.9.5 Freego Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Balancing Scooter Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Balancing Scooter Industrial Chain Analysis
11.4 Balancing Scooter Market Dynamics
11.4.1 Balancing Scooter Industry Trends
11.4.2 Balancing Scooter Market Drivers
11.4.3 Balancing Scooter Market Challenges
11.4.4 Balancing Scooter Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Balancing Scooter Distributors
12.3 Balancing Scooter Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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