Hoverboard Scooter Global Market Report 2025

A hoverboard scooter, also referred to as a self-balancing scooter, is a portable and battery-powered personal transportation device with two wheels, allowing users to stand on it and move between different locations. It features a platform with a central pivot point where the rider stands and has two motorized wheels on either side.

Hoverboard scooters encompass various products, with one-wheel hoverboards and unicycles being the main types. A one-wheel hoverboard, also known as a self-balancing unicycle, is a single-wheeled personal transportation device equipped with self-balancing technology. These devices operate using different types of batteries, including lithium-ion, lead acid, and nickel-metal hydride. They may offer various connectivity options such as Bluetooth, Wi-Fi, or no connectivity at all. These products are available through diverse sales channels, including both online and offline platforms, and serve various applications, including personal mobility and business purposes.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp rise in U.S. tariffs and ensuing trade tensions in spring 2025 are placing significant strain on the transport sector, especially in areas such as fleet maintenance and logistics. Increased duties on imported commercial vehicles, tires, and engine parts have driven up operating costs for trucking and freight firms, forcing them to either raise shipping rates or accept lower profit margins. Airlines and maritime operators are also under pressure, as tariffs on aircraft components and shipbuilding materials have pushed capital expenditures higher. Meanwhile, retaliatory tariffs in key export markets have weakened demand for U.S.-manufactured transportation equipment, further squeezing revenues. To cope, the industry is turning to fuel efficiency measures, alternative supply sources, and greater automation to manage rising costs while maintaining dependable service.

The hoverboard scooter market research report is one of a series of new reports from The Business Research Company that provides hoverboard scooter market statistics, including hoverboard scooter industry global market size, regional shares, competitors with a hoverboard scooter market share, detailed hoverboard scooter market segments, market trends and opportunities, and any further data you may need to thrive in the hoverboard scooter industry. This hoverboard scooter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The hoverboard scooter market size has grown steadily in recent years. It will grow from $8.55 billion in 2024 to $8.86 billion in 2025 at a compound annual growth rate (CAGR) of 3.6%. The growth in the historic period can be attributed to viral popularity and cultural trend, influence of celebrity endorsements, rise of personal mobility devices, increase in urban commuting challenges, expansion of e-commerce and online retail.

The hoverboard scooter market size is expected to see strong growth in the next few years. It will grow to $10.92 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to accessibility of manufacturing, social media marketing and user-generated content, competitive pricing and affordability, integration of advanced safety features, growth of the electric mobility market, adoption of hoverboards in recreational and sports activities, customization options for personalized hoverboard designs. Major trends in the forecast period include innovative design and engineering of hoverboards, technological advancements in battery technology, adoption of sustainable and eco-friendly materials, collaboration between hoverboard brands and tech companies, integration of smart technologies, integration of ai for improved stability and user experience, customization options for personalized hoverboard designs.

The forecast of 5.4% growth over the next five years reflects a modest reduction of 0.3% from the previous estimate for this market.This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through tariffs on lithium-ion battery modules, gyroscopic sensors, and motor controllers imported from China, which dominate the personal mobility scooter supply chain.The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

The growing trend of green mobility is expected to drive the expansion of the hoverboard scooter market in the future. Green mobility emphasizes the use of environmentally friendly and sustainable transportation options that have a lower environmental impact than traditional vehicles. Hoverboard scooters, which are battery-powered and emission-free, fit well within this framework. They provide a convenient and eco-friendly solution for short-distance commuting, particularly in urban settings. For example, in 2023, the International Energy Agency, a France-based autonomous intergovernmental organization, reported that global electric car sales reached nearly 14 million, a 35% increase from 2022. This surge brought the total number of electric vehicles (EVs) on the road to around 40 million. As a result, the rise in green mobility trends is propelling the growth of the hoverboard scooter market.

The surge in urbanization is expected to contribute to the growth of the hoverboard scooter market. Urbanization, defined as the increasing growth and expansion of cities often accompanied by population migration from rural to urban areas, sees hoverboard scooters playing a pivotal role. They provide a compact and efficient last-mile transportation solution, contributing to enhanced mobility and addressing challenges in congested urban environments. As of April 2022, the World Economic Forum reported that over 4.3 billion people, equivalent to 55% of the world's population, lived in urban settings, with projections indicating a rise to 80% by 2050. Hence, the upward trajectory of urbanization is a significant factor driving the hoverboard scooter market.

The anticipated growth in the hoverboard scooter market is expected to be propelled by increasing environmental concerns. Environmental concerns encompass adverse impacts of human activity on the environment, spanning issues such as deforestation, air pollution, and acid precipitation. Hoverboards stand out as one of the most environmentally friendly modes of commuting, as they generate no pollutants and require no fuel. This makes them a significant contributor to reducing an individual's carbon footprint. As of March 2023, data from the International Energy Agency indicated a 0.9% increase in global CO2 emissions from energy in 2022, reaching a record of over 36.8 gigatons. Additionally, in April 2023, information from Canada.ca, a Canadian government agency, reported a 1.8% increase in Canada's total greenhouse gas emissions from 659 megatons of carbon dioxide equivalent in 2020 to 670 megatons in 2021. Consequently, growing environmental concerns are a driving force behind the growth of the hoverboard scooter market.

Technological advancements emerge as a prominent trend gaining traction in the hoverboard scooter market. Key companies within the market are adopting innovative technologies to maintain their competitive positions. For example, in October 2022, Swagtron, a US-based electric rideable manufacturing company, introduced the Shuttle Zipboard, the second generation of hoverboards designed for kids and teens. This hoverboard combines elements of skateboarding, surfing, and snowboarding to provide an exhilarating riding experience. Equipped with self-balancing technology, the Shuttle Zipboard offers precise control for riders of all skill levels on various terrains. Noteworthy features include a patented LiFePo battery known for durability and safety, providing a range of up to 3-5 miles on a single charge. With its cutting-edge design and advanced features such as LED lights and a Bluetooth speaker, the Shuttle Zipboard delivers a unique and enjoyable riding experience for young riders.

Major companies in the hoverboard scooter market are intensifying efforts to introduce high-speed hoverboards for a competitive advantage. High-speed hoverboards are electric self-balancing scooters designed for increased velocity, often incorporating advanced motors and batteries. In October 2023, Shane Chen, a China-based inventor, introduced the innovative concept of SHANE, a parallel two-wheeled electric car. This concept vehicle, designed to comply with the laws of physics, offers a futuristic driving experience on urban and highway roads. Claimed to be the first-ever practical and efficient two-wheeled car concept combining high speed with energy efficiency, SHANE features large wheels to reduce rolling resistance, in-wheel regenerative shocks, and a shifting center of gravity for stability, making it as secure as a four-wheeled car.

Major companies operating in the hoverboard scooter market include Razor USA LLC, Segway Inc., Swagtron, GOTRAX, Hover-1, Jetson Electric Bikes, Epikgo, Halo Board, Skque, TOMOLOO, EPIKGO, CHO Power Sports, Xprit, Megawheels, Gyroor, Sisigad, StreetSaw, Lamborghini, Veeko, Levit8ion, Hoverheart, Felimoda, Hiboy, Hyper GOGO, EverCross, FLYING-ANT, Smart Balance, Longway, CXM Hoverboards, NHT

North America was the largest region in the hoverboard scooter market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hoverboard scooter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the hoverboard scooter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The hoverboard scooter market consists of sales of classic hoverboard scooters, off-road hoverboard scooters, and smart balance hoverboard scooters. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Hoverboard Scooter Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on hoverboard scooter market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for hoverboard scooter ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The hoverboard scooter market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

• Markets Covered:1) By Product Type: One Wheel Hoverboard; Unicycle
• 2) By Battery: Lithium-Ion; Lead Acid; Nickel-Metal Hydride
• 3) By Connectivity: Bluetooth; Wi-Fi; No Connectivity
• 4) By Sales Channel: Online; Offline
• 5) By Application: Personal Mobility Device; Business Purposes
• Subsegments:
• 1) By One Wheel Hoverboard: Self-Balancing One Wheel Hoverboards; Off-Road One Wheel Hoverboards; Lightweight One Wheel Hoverboards
• 2) By Unicycle: Electric Unicycles; Self-Balancing Unicycles; Performance Unicycles
• Companies Mentioned: Razor USA LLC; Segway Inc.; Swagtron; GOTRAX; Hover-1; Jetson Electric Bikes; Epikgo; Halo Board; Skque; TOMOLOO; EPIKGO; CHO Power Sports; Xprit; Megawheels; Gyroor; Sisigad; StreetSaw; Lamborghini; Veeko; Levit8ion; Hoverheart; Felimoda; Hiboy; Hyper GOGO; EverCross; FLYING-ANT; Smart Balance; Longway; CXM Hoverboards; NHT
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.