Global Self Balancing Scooters Market to Rise at CAGR of 3.63% Between 2019-2025, Predicts QY Research

Author: QYResearch  |   Published Date: 2019-08-07   |   Views: 171

Recently, QY Research published a research report titled “Global Self Balancing Scooters Market Research Report 2019”. This report is an in-depth analysis of the global self balancing scooters market. The report gives an insight about global market, evolving technologies, and new developments in various regional segments. The chapters are divided to explain the drivers, regional markets, segments, players and the existing competitive landscape. 

The revenue of global self balancing scooters market was at valued at US$452.3 mn in 2018 is expected to reach US$571.4 mn by the end of 2025, registering a rise of CAGR of 3.63% during 2019-2025.

Global Self Balancing Scooters Market: Drivers

There has been a substantial growth in self-balancing scooter market. Self-balancing scooters are equipped with balancing controls for safe acceleration, turning, speeding and others actions. The scooter is convenient to carry because of its light weight. It is ecofriendly and runs on rechargeable batteries. Its features such as Bluetooth and wireless charging have made it very attractive among the youth. 

Compared to electric scooters, self-balancing scooter is being preferred in the market because of its low maintenance cost and low power consumption. The increase in awareness about fuel consumption among different countries has led to a rise in sales of self balancing scooters. The scooters has also been used by security personnel for patrolling purposes. All of these factors are expected boost the demand for the self balancing scooters market in the coming years.

Global Self Balancing Scooters Market: Regional Outlook

 Europe among other regions is expected to occupy the major shares in the market, due to the availability of steady disposable income of consumers. Other regions such as North America, China, Asia Pacific and others are also expected to gain a significant share of the market as consumers are opting for eco-friendly vehicles.

Global Self Balancing Scooters Market: Segmentation Analysis 

The global self-balancing scooters market is segmented on the basis of as type and application. The type segment includes two- wheeled scooter and unicycle scooter. The application segment include transport use, leisure use, and commercial use. 

Global Self Balancing Scooters Market: Key Players

The leading manufacturing giants includes Segway-Ninebot, Aerlang, CHIC, INMOTION, Razor, Airwheel, Inventist, Swagtron, Gyroo, IPS, I-ROBOT, ESWING, and Fosjoas. 

Global Self Balancing Scooters Market: Competitive Landscape

Companies are developing new technologies with innovative features to deliver high quality product. They are also targeting higher revenues and preventing product recalls. Recently, CHIC launched its latest product in May in Eights China Poland Trade Fare. Their new product, the revolutionary PI03 hoverboard is based on Pi with optimized design. The handle hollow have hollow designs which are easy to carry. There are two variants in hoverboard, engine sound stimulator and bluetooth speaker are optional. Its new design and sleek look makes if different from others. 

Full Report Overview@ https://www.qyresearch.com/index/detail/1227495/global-self-balancing-scooters-market

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