Hoverboard Market -Global Drivers, Trends, and Forecast to 2021
Hoverboard is a means of personal transport that travels above the surface of ground and is ridden in a standing position. It is battery operated self-balancing device which the rider operates by standing on it and using their body weight to control the movement of hoverboard. They provide a better alternative to walking, biking, driving to school or work, recreational riding outside or inside the home, and for shopping inside the malls. The hoverboards are available with wide range of features that includes LED headlights, two speed setting, fast charging, superior steering, Bluetooth speakers, all-terrain wheels. Such features help to purchase a hoverboard compatible in accordance to the need of the operator. The hoverboards use lithium ion batteries and are consequently zero emission machines making an eco-friendly means of transport being available to the users.
The hoverboard provides with benefits such as ease of navigation, low maintenance cost, light framework, battery operated, which makes it suitable means for travelling especially in urban areas. Rising interest in battery operated self-balancing scooters, growing youth population and efficient energy consumption are the major drivers of global hoverboard market while lack of safety and drivers weight limitation are the major restraints to the industry.
Hoverboard market is divided in accordance to hoverboard type (wheel size), end-user vertical (B2B and B2C) and region. The key vendors in hoverboard market includes IO Hawk, Ninebot, Inventist, Phukeeduck, Imoto, Razor, Monorover, Skque, Hover Way, Jetson, Street Saw, Fiturbo, Space board, Vecaro, and Cyboard. Asia pacific has significant opportunities for growth due to increasing demand in China, Japan, Australia, Singapore, and Malaysia with growing demand in south America. China has emerged as leading manufacturer in hoverboard market.
The study covers and analyses the “Hoverboard market”. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.
1.1 Industry Overview
1.2 Industry Trends
1.3 PESTEL Analysis
2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3 Market Snapshot
3.1 Total Addressable Market (TAM)
3.2 Segmented Addressable Market (SAM)
3.3 SAM as a Segment of TAM
3.4 Related Markets
4 Market Outlook
4.4 Porter 5 (Five) Forces
5 Market Characteristics
5.1 Market Trends
5.2 Value Chain
5.3 Market Dynamics
5.4 DRO – Impact Analysis
5.5 Key Stakeholders
6 Type: Market Size and Analysis
6.2 6.5 inch
6.3 8 inch
6.4 10 inch
7 Applications: Market Size & Analysis
7.2 Recreational activities
7.3 Business purposes
7.4 Personal mobility devices
8 Regions: Market Size and Analysis
8.4 Asia Pacific
9 Competitive Analysis
9.2 IO Hawk
Includes other major vendors
10 Vendor Profiles*
10.1 IO Hawk
Includes other major vendors
11 Companies to Watch for #
12 Expert’s Views
* Vendor profiles will include: overview, business units, geographical revenue, recent developments, business focus, SWOT, and business strategy
# Companies to watch for will include small private players present in the market
Infoholic Research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:
- Data Collation (Primary & Secondary)
- In-house Estimation (Based on proprietary data bases and Models)
- Market Triangulation
Market related information is congregated from both primary and secondary sources.
Involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.
Include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.