A self-balancing scooter, also known as a hoverboard, is a two-wheeled, battery-powered, personal transporter. It has two small platforms for the rider’s feet, which can be used to move the scooter in any direction. It is powered by a rechargeable battery and uses gyroscopic sensors to detect the rider’s body movements to control the speed and direction of the scooter.
Self-balancing scooters were first introduced in 2015 and have become a popular mode of personal transportation in many countries. They are commonly used by teenagers and young adults for recreation and commuting. They are becoming increasingly popular due to their convenience, portability, and low cost.
The growing demand for personal transportation, increasing disposable income, and technological advancements are some of the major factors driving the growth of the global self-balancing scooter market.
The global Self-balancing Scooter market was valued at US$ 499.3 million in 2022 and is anticipated to reach US$ 641.4 million by 2029, witnessing a CAGR of 3.6% during the forecast period 2023-2029. The influence of COVID-19 and the Netherlands-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Self-balancing Scooter Market available at: https://www.themarketreports.com/report/global-self-balancing-scooter-market-research-report
This report aims to provide a comprehensive presentation of the global market for Self-balancing Scooter, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Self-balancing Scooter.
The key players are Ninebot, Segway, Inventist, IPS, Robstep, INMOTION, i-ROBOT, OSDRICH, CHIC, Rijiang, ESWING, Airwheel, F-Wheel, Fosjoas, Wolfscooter, Freego, Freefeet Technology, Rooder, Yubu etc. Top 5 companies occupied about 63% market share.
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