Hoverboard Scooter Market Expands at 5.1% CAGR, Hitting $1,246.2 Million by 2030

According to a recent report published by Allied Market Research, titled, "Hoverboard Scooter Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, Application, Sales Channel and Speed Limit : Global Opportunity Analysis and Industry Forecast, 2021-2030".

The global hoverboard scooter market was valued at $781.2 million in 2020, and is projected to reach $1,246.2 million by 2030, registering a CAGR of 5.1%. North America was the highest revenue contributor, accounting for $274.2 million in 2020, and is estimated to reach $402.6 million by 2030, with a CAGR of 4.2%. Asia-Pacific is estimated to reach $295.5 million by 2030, at a significant CAGR of 6.4%.

𝐆𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 & 𝐓𝐎𝐂 : https://www.alliedmarketresearch.com/request-sample/A12257

Increase in adoption of electric mobility solution pertaining to its low carbon footprints, continual changes in urban commute outlook, and inclination of millennial and Z generation toward these mobility equipment are the key driving factors of the global hoverboard scooter market. Moreover, the online sales segment is anticipated to create lucrative growth opportunities for the hoverboard scooter market, owing to its changing consumer preference toward the buying patterns and growing internet penetration. In addition, hoverboard scooters with the speed limit of less than 15 Kmh is expected to garner highest share in 2020, due to its wide range of applications and enhanced consumers safety while riding experience.

North America dominated the global hoverboard scooter industry. The U.S. is expected to be a leader in the market during the forecast period. However, Asia-Pacific is expected to witness highest growth rate in the global market, owing to increase in requirement for urban commute solutions. The global hoverboard scooter market is a fairly fragmented market with several number of players. Majority of the market participants are strategically involved in product launch, product development, partnership, and expansion activities.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/hoverboard-scooter-market/purchase-options

The spread of the COVID-19 pandemic has negatively impacted the global hoverboard scooters market, owing to commute restrictions, and is expected to weaken the financial performance of the market players in 2020. It has impacted the overall economy, and market participants are formulating strategic cost-saving plans. The major risk factors of the hoverboard scooters market participants are supply chain execution, regulatory & policy changes, dependency on labor, working capital management, and liquidity & solvency management.

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲 :

By type, the mid-size segment is expected to register significant growth during the forecast period.

On the basis of sales channel, the online sales segment is projected to lead the global market in terms of market share by the end of the forecast period.

Depending on speed limit, the Less than 15 Kmh segment is projected to lead the global market, in terms of market share.

Region wise, North America dominated the global hoverboard scooter market in 2020 in terms of market share.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/A12257

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :

Future Motion Inc.,

Tomoloo Technology Industrial Co., Ltd.,

Halo Board,

HoverRobotix,

Uboard India Limited,

SWAGTRON,

Hetechi Ltd.,

Shenzhen Gyroor Tech (China) Co., Ltd.,

INMOTION Technologies Co., Ltd.,

Jetson Electric Bikes LLC

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :

Railway System Market
https://www.alliedmarketresearch.com/railway-system-market-A05987

Self-Driving Electric Vehicle Market
https://www.alliedmarketresearch.com/self-driving-electric-vehicle-market-A12266

Automotive Fintech Market
https://www.alliedmarketresearch.com/automotive-fintech-market

Asia-Pacific Marine HVAC Market
https://www.alliedmarketresearch.com/asia-pacific-marine-hvac-market-A74764

Cryogenic Liquid Transport Vehicle Market
https://www.alliedmarketresearch.com/cryogenic-liquid-transport-vehicle-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :

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𝐀𝐛𝐨𝐮𝐭 𝐮𝐬 :

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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