The global one wheel electric scooter market size was worth around USD 168.6 Million in 2022 and is predicted to grow to around USD 323.8 Million by 2030 with a compound annual growth rate (CAGR) of roughly 8.5% between 2023 and 2030.
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➤ The market is experiencing development due to the growing popularity of green mobility.
The mobility landscape has undergone a significant transformation over the years as traditional modes of transportation were supplanted by electrically powered vehicles engineered with state-of-the-art technology. In order to attain the most optimal electric transportation option, electric-driven mobility essentially provides three advantages: economic, environmental, and technical. In urban areas, electric scooters with a single tire are a prevalent mode of personal transportation due to their affordability and lack of carbon emissions. The global one-wheel electric scooters market is expected to experience growth during the projected period due to the increasing popularity of e-mobility and the growing awareness of environmental issues.
➤ The market’s expansion is impeded by hoverboard-related injuries.
Hoverboards are not frequently utilized for long-distance commuting, which could potentially limit the growth of the one-wheel electric scooter market. They are not suitable for all individuals and are also difficult to maintain proper equilibrium. According to the most recent data, hoverboards have caused injuries to more than 27,000 individuals worldwide. The most prevalent injuries among them were fractures (40%) and contusions (17%), with strains and/or sprains following at 13%. Consequently, it is anticipated that this will impede the market’s expansion during the forecast period.
➤ Immense opportunities for market expansion are generated by a robust supplier and dealership network.
The majority of participants in the one-wheel electric scooter industry depend on distributor or dealer networks to sell their products and serve as the local experts and representatives of their brands. Dealers and distributors establish personal relationships with customers, which in turn fosters recurrent business and, as a result, boosts sales. It may appear to be a plausible approach to increase earnings while simultaneously reducing administrative and operating expenses by selling one-wheel electric scooters directly to end users.
➤ Stringent regulations present a significant obstacle.
According to the U.S. Consumer Product Safety Commission (CPSC), the Onewheel self-balancing electric skateboards from Future Motion pose a risk of severe injury and death. The CPSC strongly advises against the use of all Onewheel models, including the Onewheel, Onewheel+, Onewheel+ XR, Onewheel Pint, Onewheel Pint X, and Onewheel GT. The CPSC’s assessment of the Onewheel devices indicates that the rider may sustain a severe injury or fatality as a consequence of being ejected from the device.
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The Global One Wheel Electric Scooter Market is segmented based on product, application and region
Global One Wheel Electric Scooter Market: Product Segment Analysis
● Electric Unicyle
● Electric One Wheel Hoverboard
Global One Wheel Electric Scooter Market: Application Segment Analysis
● Off-road Activities
● Daily Commute
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The global One Wheel Electric Scooter market profiles key players such as:
● OneWheel
● Ryno Motors
● E-RIDERZ PTY LTD
● Airwheel Holding Limited
● Changzhou Smilo Motors Co. Ltd.
● Dongguan Begode Intelligent Technology Co. Ltd.
● Future Motion Inc.
● Inmotion Technologies Co. Ltd.
● Inventist Inc.
● IPS Electric Unicycle
● King Song Intell Co. Ltd.
● Ninebot Asia Pte Ltd.
● Segway Inc.
● SuperRide and Swagtron
???? Recent Developments:
• The CES Innovation Awards, an annual competition that takes place in January 2021, are a testament to the exceptional engineering and design of consumer technology devices. The most pressing challenges confronting the sector are addressed, global innovation is on display, and the direction of the IT sector is defined by the world’s largest brands. Cutting-edge technologies are also presented. Segway-Ninebot is delighted to proclaim the following four products as honorees in the Sustainability, Eco-Design, & Smart Energy category: the Segway eScooter T, Ninebot S Nano, Segway eMoped B, and Ninebot Gokart PRO.
➤ The market is anticipated to be dominated by North America during the forecast period.
The global one-wheel electric scooter market is anticipated to be dominated by North America during the forecast period. The region’s expansion is ascribed to the increasing prevalence of hoverboards among children and adolescents as a recreational activity, as well as the growing utilization of one-wheel electric vehicles for personal transportation. This regional market is dominated by the United States, as the majority of one-wheel electric scooter manufacturers are located there.
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