08-May-2023 | Zion Market Research
The global one wheel electric scooter market size was valued at USD 168.6 Million in 2022 and is predicted to grow to around USD 323.8 Million by 2030 with a compound annual growth rate (CAGR) of roughly 8.5% between 2023 and 2030.
One-wheel electric scooter is a distinctive and cutting-edge form of personal transportation that provides a fun and effective means of getting around. It has just one wheel that is propelled by an electric motor and moved by the rider's body movements. The one wheel electric scooter is the best option for navigating through congested urban areas and getting to your destination quickly and easily because of its small size and agile handling. Since it is lightweight and portable, it is simple to transport and store when not in use. It also gives commuters and adventure seekers alike a fun and eco-friendly transportation option, making it a well-liked option.
The global one wheel electric scooter market is driven by a rapid surge in demand for efficient and environmentally friendly modes of transportation. One-wheel electric scooters are an appealing alternative for commuters and leisure riders alike due to the increase in urbanization and congestion in cities that has created a need for alternative modes of transportation.
These devices now have a variety of features thanks to technological advancements, including longer battery life, increased security, and improved performance. These factors create ample opportunities for the growth of the one wheel electric scooter industry. However, there are still issues like regulations, safety worries, and cost. Manufacturers can innovate and differentiate their products on the market while also reaching out to new demographics and markets. The one wheel electric scooter market is therefore anticipated to experience rapid growth in the upcoming years.
The global one wheel electric scooter market is segmented based on product type, application, sales channel, and region.
Based on product type, the global one wheel electric scooter market is segmented into electric unicycle and electric one-wheel hoverboards. The electric unicycle segment held the largest market share in 2022 and is further expected to grow rapidly during the forecast period. This is because of its unique design and its ability to move. With only one wheel, these gadgets offer a more minimized and lightweight choice for riders, making them simpler to move and store. Additionally, improvements in battery life, safety features, and overall performance have resulted from technological advancements, making them a more appealing option for a wider range of customers. The electric unicycle market is likely to continue growing as more people look for alternative modes of transportation.
Based on application, the global one wheel electric scooter industry is segmented into off-road activities and daily commutes. The off-road segment held the largest market share in 2022 and is further projected to grow rapidly during the forecast period.
Based on sales channel, the global market is segmented into online sales and offline sales. The offline sales segment is predicted to grow rapidly during the forecast period. As more consumers seek out the chance to test and buy these devices in person, the one wheel electric scooter market's offline sales segment is expanding. Due to their accessibility and convenience, online sales have become a common choice, but offline sales provide a more individualized and immersive shopping experience. Customers may want to try before they buy high-end or specialized products, in which case this is especially true. Additionally, offline sales give merchants a chance to promote their goods and raise brand recognition.
Based on region, the North American region held the dominating one wheel electric scooter market share in 2022 and is further predicted to grow exponentially during the forecast period. In North America, the one-wheel electric scooter market is expanding significantly as a result of the rising demand for alternate forms of transportation in urban settings. Consumers now have easier access to these devices thanks to the growth of e-commerce and online shopping, and technological advancements have enhanced their functionality and safety features.
One wheel electric scooters are a common choice for riders who are concerned about the environment because of the movement toward environmentally friendly transportation options. Numerous significant market participants, including emerging brands and well-established ones, are based in North America, which fuels innovation and competition. However, obstacles like rules and safety issues continue to prevent widespread adoption. Overall, changing consumer preferences are fueling the one-wheel electric scooter market's potential for growth in North America.
Browse the full “One Wheel Electric Scooter Market By Product Type (Electric Unicyle And Electric One Wheel Hoverboard), By Application (Off-Road Activities And Daily Commute), By Sales Channel (Online Sales And Offline Sales), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030.” Report at https://www.zionmarketresearch.com/report/one-wheel-electric-scooter-market
The global one-wheel electric scooter market is dominated by players such as:
By Product Type
By Sales Channel
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