The latest research study “One Wheel Electric Scooter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global one wheel electric scooter market size reached a value of US$ 112.6 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 151.76 Million by 2027, exhibiting at a CAGR of 4.70% during 2022-2027.
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A one-wheel electric scooter is a self-balancing sport or recreational vehicle that is also used for personal commuting. It consists of a powerful hub motor with motorized wheels to get the required torque for motion and is powered through electrical energy. Electric scooters are incorporated with software applications to track the performance of the vehicle. They are mostly available in electric unicycle and one-wheel hoverboard variants. When compared to the traditionally-used vehicles, one-wheel electric scooters are highly cost-effective and environment-friendly. As such, they are extensively used for long-distance travel, daily commuting, off-road activities, etc., as they are faster and can move across long distances on a single charge.
COVID-19Impact on Market: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
One Wheel Electric Scooter Market Trends and Drivers:
The escalating demand for electric vehicles (EVs) among individuals is primarily driving the one-wheel electric scooter market. Besides this, the growing environmental consciousness and the shifting consumer preferences towards adopting green mobility solutions are further augmenting the market growth.
Apart from this, the elevating technological advancements, such as the integration of the Internet of Things (IoT) solutions to provide improved maneuverability and tracking of repair operations, are also catalyzing the global market. Moreover, the rising product utilization, especially among Millennials, for local commute requirements is acting as another significant growth-inducing factor.
Furthermore, the launch of favorable policies by government bodies to support the manufacturing and adoption of small EVs is expected to bolster the one-wheel electric scooter market in the coming years.
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|One Wheel Electric Scooter Market Report Scope|
|Market size value in 2021||US$ 112.6 Million|
|Market forecast in 2027||US$ 151.76 Million|
|Growth Rate||CAGR of 4.70% from 2022 to 2027|
|Base year for estimation||2021|
Global One Wheel Electric Scooter Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Airwheel Holding Limited, Dongguan Begode Intelligent Technology Co. Ltd., DYU & F-wheel, Future Motion Inc., Inmotion Technologies Co. Ltd., IPS Electric Unicycle, King Song Intell Co. Ltd., Ninebot Limited, SuperRide and Swagtron.
The report has segmented the market on the basis of region, product, speed limit, distribution channel and application.
Breakup by Product:
- Electric Unicycle
- Electric One Wheel Hoverboard
Breakup by Speed Limit:
- 20 Kmph – 30 Kmph
- 30 Kmph – 50 Kmph
- More than 50 Kmph
Market Breakup by Distribution Channel:
Breakup by Application:
- Off-road Activities
- Daily Commute
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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