One Wheel Electric Scooter Market Bigger Than Expected Leave a comment

iCrowdNewswire   Feb 10, 2021  6:00 AM ET

One Wheel Electric Scooter Market by Product Type (Electric Unicycle, and Electric One wheel Hoverboard), Application (Off-road Activities, and Daily Commute), Sales Channel (Online Sales, and Offline Sales), and Speed Limit (Kmh) (20 Kmh – 30 Kmh, 30 Kmh – 50 Kmh, and More than 50 Kmh): Global Opportunity Analysis and Industry Forecast, 2020-2027  , a latest intelligence report added by Report Ocean, predicts the industry’s performance for the upcoming years to help stakeholders in making the right decisions that can potentially garner strong returns. Further, the document provides comprehensive analysis of the key industry trends as well as the opportunities that will ensure an upward growth trajectory in the coming years. It also focuses on developing strategies for challenges faced by the industry. Moreover, an exhaustive discussion of the latest updates including the impact of COVID-19 pandemic is furnished in the study. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region

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The global one wheel electric scooter market was valued at $110.2 million in 2019, and is projected to reach $146.7 million by 2027, registering a CAGR of 5.0%.

North America dominates the market in terms of revenue, followed by Europe, Asia Pacific, and LAMEA. U.S. led the global one wheel electric scooter market share in 2019, and is expected to grow at a significant rate during the forecast period due to increasing penetration of electric mobility solution, changing urban transportation activities, and rising requirement of portable urban commute solution across the country.

One wheel electric scooter is a personal commuter transportation system driven by one wheel and mainly gets power through electrical energy. One wheel electric scooters are self-balancing mode of transportation with portable design and cost-effective operations. These personal transportation systems are mainly used by millennial and generation Z across the globe. Such transportation system is gaining traction in the urban areas owing to changing outlook of the urban transportation. These types of electric scooters are not entered under specific motor rules and regulations for drive, but increasing number of footpath and individual accidents, these systems have limitations in some countries and are even banned in some countries.

Online sales is the new way of product distribution adopted by majority of the market participants by developing own or third party E-commerce platforms. Product development and expansion of the sales or manufacturing facilities for long-term business opportunities are the key strategies adopted by the participants in the global one wheel electric scooter market.

Increasing green mobility, high portability as compared to other personal electric vehicles, rising urbanization and local commute requirements, decline in price of batteries per KWH, and changing outlook of leisure & recreational activities are expected to drive the global one wheel electric scooter market. However, low safety as compared to other commuting options, uncomfortable riding experience due to design structure, and new regulations & rules are expected to restrain the growth of market during the forecast period. Moreover, Strong dealership and supplier network, Continuous product development gains competitive advantage are anticipated to supplement the global one wheel electric scooter market growth; thus, providing a better opportunity for the growth of the market in the near future.

Key Findings Of The Study

By product type, the electric unicycle segment is expected to register significant growth during the forecast period.

On the basis of application, the off-road activities segment is projected to lead the global one wheel electric scooter market in terms of market share.

By sales channel, the online sales segment is expected to register significant CAGR during the forecast period.

By region, North America dominated the market in 2019, and Europe is expected to surpass North America and hold leading market share by end of the forecast period.

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

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario

Market Behavior/ Level of Risk and Opportunity

End Industry Behavior/ Opportunity Assessment

Expected Industry Recovery Timeline

Business Impact Horizon

Opening of Economy by Q3 2020





Recovery – Opening of Economy extended till Q4 2020 / Q1 2021





Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in various segments and emerging territory.

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An overview of the regional landscape:

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc. 

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Key Questions Answered in The Report:

  • What will the Market growth rate?
  • What are the key factors driving the global Market?
  • Who are the key manufacturers in Market space?
  • What are the market opportunities and overview of the Market?
  • What are sales, revenue, and price analysis of top manufacturers of Market?
  • What are the Market opportunities and threats faced by the vendors in the global Market?
  • What are sales, revenue, and price analysis by types and applications of Market?

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Key Points Covered in One Wheel Electric Scooter Market Report:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the One Wheel Electric Scooter market

Chapter 2: Exclusive Summary – the basic information of the One Wheel Electric Scooter Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the One Wheel Electric Scooter

Chapter 4: Presenting the One Wheel Electric Scooter Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying market size by Type, End User and Region

Chapter 6: Evaluating the leading manufacturers of the One Wheel Electric Scooter market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries (2021-2026).

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, One Wheel Electric Scooter Market is a valuable source of guidance for individuals and companies in decision framework.

……..and view more in complete table of Contents

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Data Sources & Methodology:

The primary sources involves the industry experts including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.

In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company’s Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.

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