The global one wheel electric scooter market size reached a value of US$ 112.6 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 151.76 Million by 2027, exhibiting at a CAGR of 4.70% during 2022-2027.
A one-wheel electric scooter is a self-balancing sport or recreational vehicle that is also used for personal commuting. It consists of a powerful hub motor with motorized wheels to get the required torque for motion and is powered through electrical energy. Electric scooters are incorporated with software applications to track the performance of the vehicle. They are mostly available in electric unicycle and one-wheel hoverboard variants. When compared to the traditionally-used vehicles, one-wheel electric scooters are highly cost-effective and environment-friendly. As such, they are extensively used for long-distance travel, daily commuting, off-road activities, etc., as they are faster and can move across long distances on a single charge.
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One Wheel Electric Scooter Market Trends and Drivers:
The escalating demand for electric vehicles (EVs) among individuals is primarily driving the one-wheel electric scooter market. Besides this, the growing environmental consciousness and the shifting consumer preferences towards adopting green mobility solutions are further augmenting the market growth.
Apart from this, the elevating technological advancements, such as the integration of the Internet of Things (IoT) solutions to provide improved maneuverability and tracking of repair operations, are also catalyzing the global market. Moreover, the rising product utilization, especially among Millennials, for local commute requirements is acting as another significant growth-inducing factor.
Furthermore, the launch of favorable policies by government bodies to support the manufacturing and adoption of small EVs is expected to bolster the one-wheel electric scooter market in the coming years.
Global One Wheel Electric Scooter Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Airwheel Holding Limited, Dongguan Begode Intelligent Technology Co. Ltd., DYU & F-wheel, Future Motion Inc., Inmotion Technologies Co. Ltd., IPS Electric Unicycle, King Song Intell Co. Ltd., Ninebot Limited, SuperRide and Swagtron.
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The report has segmented the market on the basis of region, product, speed limit, distribution channel and application.
Breakup by Product:
- Electric Unicycle
- Electric One Wheel Hoverboard
Breakup by Speed Limit:
- 20 Kmph – 30 Kmph
- 30 Kmph – 50 Kmph
- More than 50 Kmph
Breakup by Distribution Channel:
Breakup by Application:
- Off-road Activities
- Daily Commute
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Global One Wheel Electric Scooter Market Overview (2022-2027)
|Market Size Value in 2021:||US$ 151.76 Million|
|Growth Rate:||CAGR of 4.70% from 2022 to 2027|
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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