Hoverboard Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2022

ROCKVILLE, US, 2018-May-21 — /EPR  Network/—   Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of Hoverboard Market. The study is titled as “Hoverboard Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of (). For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global hoverboard market.

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According to the recent study conducted by Fact.MR, the global hoverboard market will surpass a valuation of US$ 1,700 Mn. The demand for hoverboards has gained traction owing to its increasing affordability. Manufacturers are trying to make the product accessible to a wide pool of consumers, which has led to the availability of hoverboards at a lower-price range.  The rising trend of using new-age electronic devices and increasing reliance on mobility equipment is fueling the demand for hoverboard in developed markets.

Manufacturers of hoverboards are concentrating on enhancing technology, ergonomics, and range. Moreover, some of the latest hoverboards come with added features such as Bluetooth, Wi-Fi connectivity and wireless charging. Such features in hoverboard are luring more buyers. On the other hand, various instances of technological failure, and malfunctioning continues dampen the surging spirit of the global market for hoverboard. In many countries, government authorities have enforced strict safety regulation of hoverboard manufacturing. Low power capacity and extensive charging time remain few of the other technological limitation of the product.

APEJ’s Hoverboard Market to Remain More Lucrative than Markets in North America & Europe 

Asia-Pacific excluding Japan (APEJ) is to remain the most lucrative market for hoverboard in 2022, and the trend is anticipated to continue over the next couple of years. During the forecast period, the hoverboard market in APEJ is projected to expand at a strong CAGR of 6.2%.

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Double Wheeled will Remain the Most Sought-After Hoverboard Type

On the basis of product type, demand for double wheeled segment will continue to grow in 2017 and beyond. Presently, the segment accounts for more than two-third share of the market in terms of revenue. The double wheeled product type segment is expected to grow at around US$ 75.6 Mn annually over the course of the forecast period.

Competition Tracking

Razor USA, LLC, Ninebot Inc., HaloBoard, EPIKGO, Segway Inc., Skque Products, TOMOLOO Technology Industrial Co., Ltd., Megawheels, SURFUS, Genesis, Hangzhou Chic Intelligent Technology Co., Ltd., Shenzhen Rooder Technology Co., Ltd, Shenzhen JIALIKE Electronic Company Ltd., Airwheel Technology Holding ( USA ) Co., Ltd., Shenzhen Uwheel Technology Co., Ltd., are the key companies profiled in the Fact.MR’s report.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Sports Market Research Reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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