One Wheel Electric Scooter Market - Global Industry Analysis

Global One Wheel Electric Scooter Market: Overview

A one-wheel electric scooter is a type of unicycle that is an electric vehicle comprised of gyroscopes, sensors, and accelerometers in combination with an electric motor to support a rider with balancing on a single-wheeled scooter. These types of vehicles are designed for the drivers that are capable of commanding the motors to balance the vehicle according to the driver’s moment. The one-wheel electric scooter is a personal vehicle that mainly runs on electric energy. Over the last decade, green energy initiatives have fueled the innovative ideas of pollution free vehicles. Currently, the use of a one-wheel electric scooter is limited to developed countries owing to the limitation of technologies and the cost of the product.

Report Scope:

Global One Wheel Electric Scooter Market: Growth Factors

The global one wheel electric scooter market is growing at a healthy rate. The factors that are contributing to the growth include the rising trend of electric vehicles, vehicle pollution concerns, rising popularity of self-balanced vehicles, emergence of long-life batteries, and growing technological advances in the vehicle motor industry. From the last decade, the shift towards environment-friendly vehicles is driving the growth of electric vehicles which in turn is boosting the demand for one-wheel electric scooters. Furthermore, one-wheel electric scooters providing better alternatives for personal transport which is again raising the demand for such types of vehicles. Technological advancement in the developed region and increasing disposable income are also fueling the growth of the global one wheel electric scooter market. On the other hand, the high price associated with the vehicle and restriction imposed by several governments to drive single wheel electric vehicles on roads owing to notable accident cases. However, the growing craze among the young generation and new product development is expected to provide better growth opportunities for the global one wheel electric scooter market over the forecast period.

Strict lockdowns imposed by several governments all over the world have resulted in a temporary shutdown of the manufacturing process. This has badly affected the production and the overall sale of one wheel electric scooters. The distribution network is also affected in the COVID 19 pandemic situation which is also contributing to the downfall of the global one wheel electric scooter market. However, the market is expected to get back on its track by the mid of the year 2021.

Global One Wheel Electric Scooter Market: Segmentation

The global one wheel electric scooter market is bifurcated based on application, speed limit, product type, sales channel, and region. Based on the application, the global one wheel electric scooter market is divided into daily commute and off-road activities. Based on the speed limit, the global market is classified into 20-30 kmh, 30-50 kmh, and more than 50 kmh. The product type segment is split into electric one wheel hoverboard and electric unicycle. Based on the sales channel, the global market is categorized into offline sales and online sales.

Global One Wheel Electric Scooter Market: Regional Analysis

North America is expected to dominate the global one wheel electric scooter market in terms of revenue over the forecast period. Major factors contributing to the growth of the market in this region include the presence of key market players, digital advancement, and the presence of a strong distributor network. Europe is expected to be on the second spot in the global one wheel electric scooter market in terms of market share. Major factor such as the growing emphasis on the use of electric vehicles is driving the growth of the market in this region. Asia Pacific is expected to be the most lucrative market over the forecast period. Factors that are causing rapid growth of the market in this region include growing disposable income, advancement in the electronic sector, and the increasing trend of electric vehicles.

Global One Wheel Electric Scooter Market: Competitive Players

Guangzhou Veteran Intelligent Technology Ltd., SWAGTRON, INMOTION Technologies Co., Ltd., IPS Electric Unicycle, Dongguan Begode Intelligent Technology Co. Ltd., FUTURE MOTION INC., Ninebot Limited, SuperRide, King Song Intell Co., LTD, and F-WHEEL are some of the major players in the global one wheel electric scooter market.

Global One Wheel Electric Scooter Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.