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Global Self Balancing Scooter Market 2016-2020

About the Self-Balancing Scooter Market

Self-balancing scooters are two-wheeled boards with motors that can be used for commuting. They look similar to the popular self-balancing electric vehicle, called the Segway, but they come without a handle. The self-balancing scooter works on gyroscopic technology and can travel at an average speed 15 km/h. It contains lithium-ion batteries that can be charged fully within two to three hours and can be used to travel a distance of about 20 km with one full charge. Self-balancing scooters are easy to ride and are portable as they weigh approximately 10 kg. They offer an alternative to cars and bikes for short-distance commuting, saving on travel cost and time. As self-balancing scooters run on batteries, they are zero-carbon-emission vehicles.

Technavio’s analysts forecast the global self-balancing scooter market to generate revenues of USD 1.39 billion in sales during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global self-balancing scooter market for 2016-2020.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Self-Balancing Scooter Market 2016-2020, 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
  • Coolreall
  • CoolReall
  • Esway (Shenzhen Ocam Electronic Technology)
  • eVoy Technologies
  • Freego
  • Hangzhou Chic Intelligent Technology
  • HoverBoardVault
  • HoverTech
  • Inventist
  • IO Hawk
  • Kiwano
  • Koogo Technology
  • MonoRover
  • Oxboard
  • Phunkee Tree
  • Powerboard
  • Razor
  • RioRand
  • Shenzhen Iezway Technology
  • Skque Products
  • Sky Walker
  • Smart Scooter
  • Swagway
  • Tech Drift
  • Vecaro
Market driver
  • Alternative to expensive mobility scooters
  • For a full, detailed list, view our report
Market challenge
  • Low-quality batteries
  • For a full, detailed list, view our report
Market trend
  • Emergence of wireless charging of self-balancing scooters
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 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?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Self-Balancing Scooter Market 2016-2020

Technavio recognizes the following companies as the key players in the global self-balancing scooter market: CoolReall, Esway (Shenzhen Ocam Electronic Technology), eVoy Technologies, Freego, Hangzhou Chic Intelligent Technology, HoverBoardVault, HoverTech, Inventist, IO Hawk, Kiwano, Koogo Technology, MonoRover, Oxboard, Phunkee Tree, Powerboard, Razor, RioRand, Shenzhen Iezway Technology, Skque Products, Sky Walker, Smart Scooter, Swagway, Tech Drift, and Vecaro.

Commenting on the report, an analyst from Technavio’s team said: “One trend that is expected to have a big impact on the market is the emergence of wireless charging of self-balancing scooters. The emergence of wireless charging for self-balancing scooters will be a major benefit for consumers using self-balancing scooters for commuting. This addition to self-balancing scooters should be made available sooner than 2018. The technology for wireless chargers is already available, considering the fact that these devices have lithium-ion batteries similar to the ones used in smartphones and tablets. A number of wireless chargers for smartphones are available in the market, and we believe vendors will adopt this technology for their products too.”

According to the report, a key growth driver is that self-balancing scooters offer an alternative to mobility scooters. Self-balancing scooters are probably the least-expensive mobility scooters and have certain advantages and disadvantages compared to electric skateboards (products such as Zboard and Marbel Board) and self-balancing scooters with handlebars (products such as Ninebot and Segway).

Further, the report states that one challenge that could restrict market growth is low-quality batteries.



Companies Mentioned

CoolReall, Esway (Shenzhen Ocam Electronic Technology), eVoy Technologies, Freego, Hangzhou Chic Intelligent Technology, HoverBoardVault, HoverTech, Inventist, IO Hawk, Kiwano, Koogo Technology, MonoRover, Oxboard, Phunkee Tree, Powerboard, Razor, RioRand, Shenzhen Iezway Technology, Skque Products, Sky Walker, Smart Scooter, Swagway, Tech Drift, Vecaro.

  • Executive summary
    • Highlights
  • Scope of the report
    • Base year
    • Definitions
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Functioning of self-balancing scooters
    • Certifications
      • Table Important certifications for self-balancing scooter market
    • Enterprise application of self-balancing scooters
      • Table Benefits of self-balancing scooters for multiple scenarios
    • Market size and forecast
      • Table Market size and forecast by revenue 2015-2020 ($ billions)
      • Table Market size and forecast by unit shipment 2015-2020 (millions of units)
      • Table ASP of self-balancing scooters 2015-2020 ($)
    • Five forces model
      • Table Five forces model
  • Geographical segmentation
    • APAC
      • Table Geographical segmentation of self-balancing scooters 2015 and 2020
    • Americas
    • EMEA
  • Market drivers
    • Low spending on marketing
    • Alternative to expensive mobility scooters
    • Low entry barriers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Low-quality batteries
    • Lack of adherence to safety standards
    • Ban on self-balancing scooters
      • Table Bans imposed on self-balancing scooters at prominent countries/places
    • Restrictions imposed by major e-commerce platforms
    • Unfavorable aftersales support to consumers
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Vendors may establish an effective supply chain
    • Emergence of wireless charging of self-balancing scooters
    • Emergence of common charging stations
    • Increasing number of potential applications
      • Table Potential applications of self-balancing scooters
    • Increasing number of racing competitions for self-balancing scooters
  • Vendor landscape
    • Competitive landscape
    • Prominent vendors
      • Table Prominent vendors
    • Vendor comparison
      • Table Product specifications of prominent vendors
      • Table Vendor comparison matrix for products priced lower than $401
      • Table Ranking of vendors offering products priced lower than $401
      • Table Vendor comparison matrix for products priced between $401 and $500
      • Table Ranking of vendors offering products priced between $401 and $500
      • Table Vendor comparison matrix for products above $501
      • Table Ranking of vendors offering products priced above $501
  • Appendix
    • List of abbreviations
  • Explore Technavio

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