Hoverboard Market Size

Hoverboard Market size was over USD 848.5 million in 2023 and is anticipated to exceed USD 1.8 billion by the end of 2036, witnessing over 6.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of hoverboard is estimated at USD 901.1 million.

A gradual shift toward sustainable mobility is driving the adoption of hoverboards. Consumers are becoming aware of the value of urban mobility systems that are sustainable, equitable, and accessible.   As per a June 2023 report by the Eno Center for Transportation, about two-thirds of U.S. states have preempted local governments to minimize the use of fuel-powered vehicles by regulating the local transportation network companies (TNCs). This is aimed at promoting shared vehicles and EVs. Electric-powered mobility solutions are cost-effective. In 2023, the European Parliament stated that about 61% of EU transport emissions are credited to passenger cars. Ongoing measures to promote the adoption of EVs are projected to create opportunities for the market during the forecast period.