Insights on the Global Hoverboard Market 2020-2024 | COVID-19 Analysis, Drivers, Restraints, Opportunities and Threats | Technavio

LONDON--(BUSINESS WIRE)--Jul 14, 2020--

The global hoverboard market size is expected to grow by USD 268.68 million during 2020-2024, progressing at a CAGR of 1% during the forecast period. Download Free Sample Report

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Technavio has announced its latest market research report titled Global Hoverboard Market 2020-2024 (Graphic: Business Wire)

The increasing popularity of online channels and the rise in number of Chinese manufacturers are among the major factors propelling market growth. However, factors such as the limitations and shortcomings of lithium-ion batteries are hampering market growth.

Vendors operating in the global hoverboard market have a strong presence at a country or regional level. However, as many vendors in the market are small and medium-sized players, the global presence is limited. Online sales mediums provide such vendors the opportunity to reach out to consumers across the world and widen the customer base. The presence of online distribution channels and platform providers, such as Walmart Inc. and Inc., is expected to boost the growth of online sales. Thus, the increasing popularity of online retailing is likely to boost the growth of the global hoverboard market.


Global Hoverboard Market: Wheel Size Segmentation

Based on the wheel size segmentation analysis, the compact size segment is expected to witness lucrative growth during the forecast period. The key advantage of a compact size hoverboard is that the battery life is longer than its counterparts and on average can last for 4-5 hours on a single charge. Moreover, the implementation of favorable policies and regulatory frameworks for the use of hoverboards across different countries is anticipated to fuel market growth during the forecast period.

Global Hoverboard Market: Geographic Landscape

As per Technavio's geographical segmentation analysis, North America is expected to experience significant growth during the forecast period. The growth of the hoverboard market in North America is attributed to several factors such as the growing online sale of hoverboards and the increasing production of low-cost hoverboards in the region.

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Companies Covered

  • Fosjoas Technology Co. Ltd.
  • Hangzhou Chic Intelligent Technology Co. Ltd.
  • Inventist Inc.
  • Jetson Electric Bikes LLC
  • Lamboscooter
  • Omni Hoverboards Inc.
  • Razor USA LLC
  • Segway Inc.

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, till 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Hoverboard Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist hoverboard market growth during the next five years
  • Estimation of the hoverboard market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the hoverboard market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of hoverboard market, vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Wheel Size

  • Market segments
  • Comparison by wheel size
  • Compact size - Market size and forecast 2019-2024
  • Mid-size - Market size and forecast 2019-2024
  • Full-size - Market size and forecast 2019-2024
  • Market opportunity by wheel size

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption
  • Industry risks

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Fosjoas Technology Co. Ltd.
  • Hangzhou Chic Intelligent Technology Co. Ltd.
  • Inventist Inc.
  • Jetson Electric Bikes LLC
  • Lamboscooter
  • Omni Hoverboards Inc.
  • Razor USA LLC
  • Segway Inc.


  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

For more information about this report

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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CONTACT: Technavio Research

Jesse Maida

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UK: +44 203 893 3200

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SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 07/14/2020 10:00 PM/DISC: 07/14/2020 10:00 PM

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