LONDON–(BUSINESS WIRE)–The global hoverboard market size is expected to grow by USD 268.68 million during 2020-2024, progressing at a CAGR of 1% during the forecast period. Download Free Sample Report
The increasing popularity of online channels and the rise in number of Chinese manufacturers are among the major factors propelling market growth. However, factors such as the limitations and shortcomings of lithium-ion batteries are hampering market growth.
Vendors operating in the global hoverboard market have a strong presence at a country or regional level. However, as many vendors in the market are small and medium-sized players, the global presence is limited. Online sales mediums provide such vendors the opportunity to reach out to consumers across the world and widen the customer base. The presence of online distribution channels and platform providers, such as Walmart Inc. and Amazon.com Inc., is expected to boost the growth of online sales. Thus, the increasing popularity of online retailing is likely to boost the growth of the global hoverboard market.
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Global Hoverboard Market: Wheel Size Segmentation
Based on the wheel size segmentation analysis, the compact size segment is expected to witness lucrative growth during the forecast period. The key advantage of a compact size hoverboard is that the battery life is longer than its counterparts and on average can last for 4-5 hours on a single charge. Moreover, the implementation of favorable policies and regulatory frameworks for the use of hoverboards across different countries is anticipated to fuel market growth during the forecast period.
Global Hoverboard Market: Geographic Landscape
As per Technavio’s geographical segmentation analysis, North America is expected to experience significant growth during the forecast period. The growth of the hoverboard market in North America is attributed to several factors such as the growing online sale of hoverboards and the increasing production of low-cost hoverboards in the region.
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Companies Covered
- EPIKGO
- Fosjoas Technology Co. Ltd.
- Hangzhou Chic Intelligent Technology Co. Ltd.
- Inventist Inc.
- Jetson Electric Bikes LLC
- Lamboscooter
- Omni Hoverboards Inc.
- Razor USA LLC
- Segway Inc.
- SWAGTRON
What our reports offer:
- Market share assessments for the regional and country-level segments
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- Covers market data for 2019, 2020, till 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Hoverboard Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist hoverboard market growth during the next five years
- Estimation of the hoverboard market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the hoverboard market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of hoverboard market, vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Wheel Size
- Market segments
- Comparison by wheel size
- Compact size – Market size and forecast 2019-2024
- Mid-size – Market size and forecast 2019-2024
- Full-size – Market size and forecast 2019-2024
- Market opportunity by wheel size
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
- Industry risks
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- EPIKGO
- Fosjoas Technology Co. Ltd.
- Hangzhou Chic Intelligent Technology Co. Ltd.
- Inventist Inc.
- Jetson Electric Bikes LLC
- Lamboscooter
- Omni Hoverboards Inc.
- Razor USA LLC
- Segway Inc.
- SWAGTRON
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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