Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 152.15 Million | USD 507.41 Million | 12.8% | 2024 |
The global one wheel electric scooter market size was worth around USD 152.15 Million in 2024 and is predicted to grow to around USD 507.41 Million by 2034 with a compound annual growth rate (CAGR) of roughly 12.8% between 2025 and 2034. The report analyzes the global one wheel electric scooter market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the one wheel electric scooter industry.
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 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.
Increasing preference for green mobility drives the market growth
The mobility landscape has changed dramatically over the years as electrically powered vehicles with cutting-edge technology replaced traditional modes of transportation. Electric-driven mobility essentially offers three advantages, including economic, environmental, and technical, to achieve the finest option for electric transportation. Electric scooters with one wheel are a common form of personal transportation in cities since they leave no carbon impact and are more affordable than other options. Rising environmental awareness and a preference for e-mobility are predicted to support the expansion of the global one-wheel electric scooters market throughout the projected period.
Injuries due to hoverboards hinder the market growth
Long-distance commuting is not a frequent usage for hoverboards, which could restrict the one wheel electric scooter market expansion. They are not ideal for everyone and are also challenging to balance. Over 27,000 individuals have been injured by hoverboards globally, according to current figures. The most frequent injuries among them were fractures (40%) and contusions (17%), followed by strains and/or sprains (13%). Thus, this is expected to hamper the market expansion over the forecast period.
Strong dealership and supplier network creates immense opportunity for the market growth
To sell their goods and act as the local experts and faces for their brands, the majority of one wheel electric scooter industry participants rely on distributor or dealer networks. Customers are personally connected to dealers and distributors, encouraging repeat business and ultimately increasing sales. Selling one wheel electric scooters directly to end users can seem like a reasonable way to boost earnings while lowering administrative and operating expenses. Additionally, North America and Europe are their primary markets, and the majority of producers are headquartered in China.
Direct entry into these markets necessitates increased working capital requirements as well as office and production facility capital investments. A business can expand the market for its products while lowering operating and capital expenses and giving distributors ready-made products by establishing a network of distributors. Market participants including F-wheel, Ninebot, and other companies are growing their dealership networks to increase the reach of their products and operational efficiency. To acquire high revenue prospects and reduce capital expenses, market participants must build a powerful distribution network. Thus, these factors provide immense opportunity for market growth over the forecast period.
Stringent regulations pose a major challenge
The Onewheel self-balancing electric skateboards from Future Motion carry a danger of death and serious injury, according to the U.S. Consumer Product Safety Commission (CPSC). All Onewheel models, including the Onewheel, Onewheel+, Onewheel+ XR, Onewheel Pint, Onewheel Pint X, and Onewheel GT, are strongly discouraged by the CPSC. A serious injury or death to the rider could result from being ejected from the Onewheel devices, according to the CPSC's evaluation of those items.
Report Attributes | Report Details |
---|---|
Report Name | One Wheel Electric Scooter Market |
Market Size in 2024 | USD 152.15 Million |
Market Forecast in 2034 | USD 507.41 Million |
Growth Rate | CAGR of 12.8% |
Number of Pages | 190 |
Key Companies Covered | SWAGTRON, Inventist, Inc., SuperRide, Dongguan Begode Intelligent Technology Co., Ltd., FUTURE MOTION INC., Airwheel Holding Limited, Segway Inc., King Song Intell Co., LTD., INMOTION Technologies Co., Ltd., IPS Electric Unicycle, CHANGZHOU SMILO MOTORS CO., LTD, Ninebot Asia Pte Ltd., and others. |
Segments Covered | By Product Type, By Application, By Sales Channel, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global one wheel electric scooter industry is segmented based on product type, application, sales channel, and region.
Based on the product type, the global market is bifurcated into electric unicyle and electric one wheel hoverboards. The electric unicyle segment is expected to dominate the market over the forecast period. Due to their level of comfort, unicycles are the most frequently used means of personal transportation. A single charge allows for smooth transportation across the city for at least 10 kilometers. It provides great ease and is one of the most cost-effective ways for individuals to commute locally. Thus, this is expected to drive segment growth.
Based on the application, the global one wheel electric scooter industry is bifurcated into off-road activities and daily commutes. The offroad segment is expected to capture a significant market share over the forecast period. The segment growth is attributable to the growing recreational activities in regions like North America and Europe.
Based on the sales channel, the market is divided into online sales and offline sales. Offline sales are expected to dominate the market over the forecast period. The segment growth is owing to the customer's convenience to buy products personally rather than shopping from other sources. Besides, online sales are expected to grow at the highest CAGR owing to the increasing e-commerce business across the globe.
The One Wheel Electric Scooter market demonstrates varied growth across regions, with North America leading due to high consumer interest in personal mobility devices, strong disposable incomes, and a culture of adopting innovative transportation solutions. Europe follows closely, driven by increasing urbanization, environmental concerns, and supportive regulations promoting eco-friendly transport. The Asia-Pacific region is witnessing rapid growth fueled by dense urban populations, rising demand for last-mile connectivity, and expanding e-commerce logistics, particularly in countries like China and Japan. Meanwhile, Latin America and the Middle East & Africa are emerging markets, where growing urban infrastructure and the rising appeal of sustainable transport options are gradually boosting adoption, although market penetration remains lower compared to more developed regions.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the one wheel electric scooter market on a global and regional basis.
The global one wheel electric scooter market is dominated by players like:
The global one wheel electric scooter market is segmented as follows;
By Product Type
By Application
By Sales Channel
FrequentlyAsked Questions
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 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.
The global one wheel electric scooter market is expected to grow due to rising demand for eco-friendly personal transportation, urbanization, and advancements in battery technology.
According to a study, the global one wheel electric scooter market size was worth around USD 152.15 Million in 2024 and is expected to reach USD 507.41 Million by 2034.
The global one wheel electric scooter market is expected to grow at a CAGR of 12.8% during the forecast period.
North America is expected to dominate the one wheel electric scooter market over the forecast period.
Leading players in the global one wheel electric scooter market include SWAGTRON, Inventist, Inc., SuperRide, Dongguan Begode Intelligent Technology Co., Ltd., FUTURE MOTION INC., Airwheel Holding Limited, Segway Inc., King Song Intell Co., LTD., INMOTION Technologies Co., Ltd., IPS Electric Unicycle, CHANGZHOU SMILO MOTORS CO., LTD, Ninebot Asia Pte Ltd., among others.
The report explores crucial aspects of the one wheel electric scooter market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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