Hoverboard Market Analysis

Product (Single-Wheeled, Double-Wheeled)

Single-wheeled segment is set to account for hoverboard market share of more than 58.1% by the end of 2036. The segment's tremendous growth rate is ascribed to its affordable price as compared to double-wheeled vehicles of several companies such as Honda, Suzuki, and Tesla, and its greater suitability for practically all surface types. Furthermore, gyroscopic sensors and other electronics are used in single-wheeled hoverboards to balance the rider on a single wheel, creating a unique riding experience. These hoverboards are popular among tech-savvy consumers who are constantly searching for the newest and most inventive devices.

Sales Channel (Online, Offline)

The online segment in hoverboard market size was surpassed USD 6.3 trillion in 2023, attributed to the growth of online shopping platforms as they have been accompanied by a rise in smartphone penetration and easy access to fast internet facilities in both developed and developing economies. These platforms offer customers numerous benefits, including increased convenience, a wide range of options, and competitive pricing. A recent report by Research Nester estimated that there were about 2.71 billion shoppers globally who prefer e-commerce platforms. Moreover, online shopping allows customers to access a vast selection of products with just a few clicks.

Our in-depth analysis of the global market includes the following segments: