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Global Hoverboard Market 2017-2021

Global Hoverboard Market 2017-2021

About Hoverboard

The hoverboard is a battery-operated, self-balancing device, which is mainly used for recreational activities and personal mobility. Hoverboard has made significant advancement after the first-generation hoverboards were released in 2014. The advanced features, such as Bluetooth connectivity, GPS system, integrating hoverboard with smartphones, etc. are being added in hoverboards.

Technavio’s analysts forecast the global hoverboard market to grow at a CAGR of 4.26% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global hoverboard market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Hoverboard Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Swagtron
  • Airwheel
  • Razor Hovertrax
Other prominent vendors
  • Hoverboard Express
  • IO HAWK
  • Megawheels
  • MonoRover
Market driver
  • Growing R&D on supercapacitors to replace lithium-ion batteries
  • For a full, detailed list, view our report
Market challenge
  • Limitations and shortcomings of lithium-ion batteries
  • For a full, detailed list, view our report
Market trend
  • Integrating advanced features in hoverboard
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Hoverboard Market 2017-2021

Technavio recognizes the following companies as the key players in the global hoverboard market: Swagtron, Airwheel, and Razor Hovertrax.

Other Prominent Vendors in the market are: Hoverboard Express, IO HAWK, Megawheels, and MonoRover.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is integrating advanced features in hoverboard. Hoverboard manufacturers are offering advanced features in their hoverboards to make them more enticing to consumers. Currently, manufacturers are providing built-in GPS system for global tracking, a remote resembling to a car-key to turn it on and off, Bluetooth speakers, and an application to connect the hoverboard with smartphones.”

According to the report, one driver in the market is growing R&D on supercapacitors to replace lithium-ion batteries. The charge and discharge process in lithium-ion batteries is a slow process, and due to numerous charge and discharge cycles, even the chemical compounds inside the battery get degraded over time. This shortcoming of lithium-ion batteries has prompted researchers to look into alternative means of charging a battery. One such method is the use of supercapacitor, which uses a different storage mechanism. In the supercapacitor, energy is stored electrostatically on the surface of the material and does not involve chemical reactions.

Further, the report states that one challenge in the market is limitations and shortcomings of lithium-ion batteries. In December 2015, 12 instances were reported in the US, where lithium-ion batteries had resulted in the hoverboard catching fire. By July 2016, the number rose from 12 to 60, totaling a total property damage of more than $2 million. As a result, a lot of hoverboards have been recalled by the vendors due to faulty lithium-ion batteries, which were responsible for overheating of the hoverboard. The lithium-ion batteries are attractive to hoverboard manufacturers as they have a very high energy density, and thus, can store large amounts of energy in a small space.

Companies Mentioned

Swagtron, Airwheel, and Razor Hovertrax, Hoverboard Express, IO HAWK, Megawheels, and MonoRover.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Segmentation of global hoverboard market
    • Market size and forecast
      • Table Global hoverboard market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by wheel size
    • Global hoverboard market segmentation by wheel size
      • Table Segmentation of global hoverboard market by wheel size 2016
      • Table Segmentation of global hoverboard market by wheel size 2021
    • Global hoverboard market in compact size
      • Table Global hoverboard market in compact-size segment 2016-2021 ($ millions)
      • Table Global hoverboard market in compact-size segment by region 2016-2021 ($ millions)
    • Global hoverboard market in mid-size
      • Table Global hoverboard market in mid-size segment 2016-2021 ($ millions)
      • Table Global hoverboard market in mid-size segment by region 2016-2021 ($ millions)
    • Global hoverboard market in full-size
      • Table Global hoverboard market in full-size segment 2016-2021 ($ millions)
      • Table Global hoverboard market in full-size segment by region 2016-2021 ($ millions)
  • Geographical segmentation
    • Global hoverboard market by geography
      • Table Global hoverboard market by geography 2016 and 2021
    • Hoverboard market in Americas
      • Table Hoverboard market in Americas 2016-2021 ($ millions)
    • Hoverboard market in EMEA
      • Table Hoverboard market in EMEA 2016-2021 ($ millions)
    • Global hoverboard market in APAC
      • Table Hoverboard market in APAC 2016-2021 ($ millions)
  • Key leading countries
    • Table Key leading countries
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Table Key market trends
    • Integrating advanced features in hoverboard
    • Growing popularity of full-size hoverboards
    • Growing focus on preventing hoverboard from explosion
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Swagtron
      • Table Swagtron: Hoverboard product portfolio
      • Table Swagtron: Recent development
    • Airwheel
      • Table Airwheel: Product portfolio
      • Table Airwheel: Recent developments
    • Razor Hovertrax
      • Table Razor Hovertrax: Product portfolio
      • Table Razor Hovertrax: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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