Hoverboard Market Intense Competition but High Growth & Extreme Valuation Hoverboard Market Report Analysis and Market Insights for Highly Profitable Investment Decision Hoverboard Market Estimates Showing Surprising Stability in key Business Segments

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Among regions, the market in Asia-Pacific excluding Japan (APEJ) is expected to present lucrative growth opportunities for players during the forecast period. China remain one of the largest producers of cost-effective electric vehicles including hoverboards. Manufacturing of single and double wheeled hoverboards is expected further escalate in China over the next few years. This, in turn, is projected to support the growth of the hoverboard market in the region over 2022.

Based on product type, demand for double wheeled hoverboads is expected to remain strong throughout the assessment period. Global sales of double wheeled hoveboard currently command for over 80% share of the market in terms of revenue. Superior design and more convenience of riding makes double wheeled hoverboads more preferred among consumers.

Competition Tracking

Some of prominent companies functioning in the global market for hoverboard include Ninebot Inc., Razor USA, LLC, EPIKGO, Skque Products, Megawheels, Genesis, Shenzhen Rooder Technology Co., Ltd., Airwheel Technology Holding ( USA ) Co., Ltd., HaloBoard, Segway Inc., TOMOLOO Technology Industrial Co., Ltd., SURFUS, Shenzhen Uwheel Technology Co., Ltd., Hangzhou Chic Intelligent Technology Co., Ltd., and Shenzhen JIALIKE Electronic Company Ltd

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Global Hoverboard Market – Key Insights

By wheel size, consumer preference for hoverboards with 6.5 inch wheel size will remain strong in 2017 and beyond. Currently, sale of hoverboards with 6.5 inch wheel sizes more one-third revenue share of the market. Over 1,070 Mn units of hoverboards with 6.5 inch wheel size is expected to be shipped globally towards the end of 2022.

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.

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