IMARC Group, a leading market research company, has recently releases report titled “One Wheel Electric Scooter Market Report by Product (Electric Unicycle, Electric One Wheel Hoverboard), Speed Limit (20 Kmph - 30 Kmph, 30 Kmph - 50 Kmph, More than 50 Kmph), Distribution Channel (Online, Offline), Application (Off-road Activities, Daily Commute), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the global one wheel electric scooter market share.

How Big is the One Wheel Electric Scooter Market ?

The global one wheel electric scooter market size reached US$ 131.6 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 191.4 Million by 2032, exhibiting a growth rate (CAGR) of 4.2% during 2024-2032.

Industry Overview of One Wheel Electric Scooter

A one-wheel electric scooter is a self-balancing sport or recreational vehicle that is also used for personal commuting. It consists of a powerful hub motor with motorized wheels to get the required torque for motion and is powered through electrical energy. Electric scooters are incorporated with software applications to track the performance of the vehicle. They are mostly available in electric unicycle and one-wheel hoverboard variants. When compared to the traditionally-used vehicles, one-wheel electric scooters are highly cost-effective and environment-friendly. As such, they are extensively used for long-distance travel, daily commuting, off-road activities, etc., as they are faster and can move across long distances on a single charge. 

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What are the Growth Prospects and Trends in the one wheel electric scooter Industry ? :

The escalating demand for electric vehicles (EVs) among individuals is primarily driving the one-wheel electric scooter market. Besides this, the growing environmental consciousness and the shifting consumer preferences towards adopting green mobility solutions are further augmenting the market growth.

Apart from this, the elevating technological advancements, such as the integration of the Internet of Things (IoT) solutions to provide improved maneuverability and tracking of repair operations, are also catalyzing the global market. Moreover, the rising product utilization, especially among Millennials, for local commute requirements is acting as another significant growth-inducing factor.

Furthermore, the launch of favorable policies by government bodies to support the manufacturing and adoption of small EVs is expected to bolster the one-wheel electric scooter market in the coming years.

Leading Companies Operating in the Global One Wheel Electric Scooter Industry:

• Airwheel Holding Limited
• Dongguan Begode Intelligent Technology Co. Ltd.
• DYU & F-wheel
• Future Motion Inc.
• Inmotion Technologies Co. Ltd.
• IPS Electric Unicycle
• King Song Intell Co. Ltd.
• Ninebot Limited
• SuperRide
• Swagtron

One Wheel Electric Scooter Market Report Segmentation:

Product Insights:

• Electric Unicycle
• Electric One Wheel Hoverboard

Speed Limit Insights:

• 20 Kmph - 30 Kmph
• 30 Kmph - 50 Kmph
• More than 50 Kmph

Distribution Channel Insights:

• Online
• Offline

Application Insights:

• Off-road Activities
• Daily Commute

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

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