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:
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.
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.