Hoverboard Scooters Market Report 2025 (Global Edition)

Global Hoverboard Scooters Market Report 2024 Market Size Split by Type (Compact Size, Mid-size, Full Size), by Application (Personal Mobility Device, Business Purposes), by Sales channel (Online Sale...

Hoverboard Scooters Market Report Description

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Hoverboard Scooters Market Insights Video

Competitive Landscape of the Hoverboard Scooters Market

The Hoverboard Scooters Market is highly competitive, with numerous players offering a diverse range of products targeting different consumer segments. Key market players include prominent brands such as Razor, Swagtron, Segway, and Gyroor, which have established themselves through technological innovation, quality standards, and brand recognition.

In October 2023, Shane Chen, the inventor of the original Hoverboard and founder of Inventist, a company based in Camas, Washington, introduced the innovative concept of a parallel two-wheeled electric car called SHANE. This outstanding vehicle, designed to comply with the laws of physics, offers a futuristic driving experience for drivers on both urban and highway roads. (Source: https://www.prnewswire.com/news-releases/hoverboard-inventor-introduces-a-revolutionary-parallel-two-wheeled-electric-car-invention-301958936.html) In October 2022, Swagtron, a U.S.-based industry leader in affordable electric and non-electric micromobility transportation devices, launched Shuttle Zipboard, the second generation of hoverboards designed for kids and teens. This innovative product combines elements of skateboarding, surfing, and snowboarding, offering a unique and thrilling riding experience that mimics the sensations of these popular board sports without the high costs and logistical challenges associated with traditional equipment. (Source: https://www.prweb.com/releases/swagtron-launches-the-world-s-first-shuttle-zipboard-that-takes-board-sports-to-a-whole-new-level-for-under-300-898527053.html)

Top Companies Market Share in Hoverboard Scooters Industry: (In no particular order of Rank)

• Tomoloo Technology Industrial Co.Ltd.
• Uboard India Limited
• Halo Board
• Jetson Electric Bikes LLC
• SWAGTRON
• HoverRobotix
• Shenzhen Gyroor Tech (China) Co.Ltd.
• Hetechi Ltd.
• Future Motion Inc.
• INMOTION Technologies Co. Ltd.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Hoverboard Scooters Market

Which Region Dominates the Hoverboard Scooters Market in 2024?

According to Cognitive Market Research, North America dominates the hoverboard scooters market due to a combination of factors, including high consumer demand for recreational and personal transportation devices, advanced technological infrastructure, and a strong presence of key manufacturers. The region's affluent population, particularly among younger demographics, drives significant sales, while the widespread adoption of innovative technology, such as self-balancing mechanisms and wireless connectivity, further boosts market growth.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is the fastest-growing region in the hoverboard scooters market due to rapid urbanization, rising disposable incomes, and an increasing demand for affordable, eco-friendly transportation options. The region's large population, particularly in countries like China and India, is embracing hoverboards as a convenient and fun mode of transport.

The current report Scope analyzes Hoverboard Scooters Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Hoverboard Scooters Market

According to Cognitive Market Research, the global Hoverboard Scooters market size was estimated at USD 8514.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 3405.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Hoverboard Scooters market with a market size of USD 2687.08 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. The U.S. market's increasing consumer interest in eco-friendly and innovative transportation solutions.
• The Canada Hoverboard Scooters market had a market share of USD 408.68 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. Canada’s increasing consumer interest in eco-friendly and innovative transportation solutions.
• The Mexico Hoverboard Scooters market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 309.92 million in 2024.

Europe Hoverboard Scooters Market

According to Cognitive Market Research, the global Hoverboard Scooters market size was estimated at USD 8514.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 2554.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.

• The United Kingdom Hoverboard Scooters market had a market share of USD 429.12 million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period. In the UK, Hoverboard Scooters sales witness an upswing due to the rising environmental awareness.
• The France Hoverboard Scooters market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 234.99 million in 2024.
• According to Cognitive Market Research, the German Hoverboard Scooters market size was valued at USD 505.74 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. In Germany, Hoverboard Scooters surged due to the rising environmental awareness.
• The Italy Hoverboard Scooters market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 219.67 million in 2024.
• The Russia Hoverboard Scooters market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 395.91 million in 2024.
• The Spain Hoverboard Scooters market is projected to witness growth at a CAGR of 3.1% during the forecast period with a market size of USD 209.45 million in 2024
• The Luxembourg Hoverboard Scooters market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 79.18 million in 2024.
• The Portugal Hoverboard Scooters market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 53.64 million in 2024.
• The Greece Hoverboard Scooters market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 30.65 million in 2024.
• The Rest of Europe's Hoverboard Scooters market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 395.91 million in 2024.

Asia Pacific Hoverboard Scooters Market

According to Cognitive Market Research, the global Hoverboard Scooters market size was estimated at USD 8514.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1958.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Hoverboard Scooters market size was valued at USD 881.22 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Hoverboard Scooters surged in China due to rapid urbanization and increasing adoption of alternative transportation methods.
• The Japan Hoverboard Scooters market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 270.24 million in 2024.
• The India Hoverboard Scooters market had a market share of USD 234.99 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. India's rapid urbanization and increasing adoption of alternative transportation methods.
• The South Korean Hoverboard Scooters market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 195.83 million in 2024.
• The Australian Hoverboard Scooters market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 101.83 million in 2024.
• The South East Asia Hoverboard Scooters market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 135.12 million in 2024.
• The Rest of Asia Pacific Hoverboard Scooters market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 139.04 million in 2024.

South America Hoverboard Scooters Market

According to Cognitive Market Research, the global Hoverboard Scooters market size was estimated at USD 8514.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 425.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Hoverboard Scooters market size was valued at USD 182.20 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Hoverboard Scooterss flourished in Brazil due to increasing urban mobility needs.
• Argentina's Hoverboard Scooters market had a market share of USD 71.52 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. Argentina's increasing urban mobility needs.
• Colombia Hoverboard Scooters market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 37.89 million in 2024.
• Peru Hoverboard Scooters market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 34.91 million in 2024.
• Chile Hoverboard Scooters market is projected to witness growth at a CAGR of 5.2%during the forecast period, with a market size of USD 30.65 million in 2024.
• The Rest of Latin America's Hoverboard Scooters market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 68.54 million in 2024.

Middle East and Africa Hoverboard Scooters Market

According to Cognitive Market Research, the global Hoverboard Scooters market size was estimated at USD 8514.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 170.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

• The GCC Countries Hoverboard Scooters market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 72.88 million in 2024. Hoverboard Scooters sales flourish due to the increasing urban development and a shift towards modern, eco-friendly transportation.
• The Egypt Hoverboard Scooters market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 17.88 million in 2024.
• The South Africa Hoverboard Scooters market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 26.90 million in 2024. Hoverboard Scooters sales flourished in South Africa due to increasing urban development and a shift towards modern, eco-friendly transportation.
• The Turkey Hoverboard Scooters market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 14.64 million in 2024.
• The Nigeria Hoverboard Scooters market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 17.88 million in 2024.
• The Rest of the MEA Hoverboard Scooters market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 20.09 million in 2024.

Hoverboard Scooters Market Analysis

Hoverboard Scooters Market Type Segment Analysis

According to Cognitive Market Research, Mid-size hoverboards are the dominant category in the hoverboard scooters market due to their ideal balance between portability and performance. These models typically offer a comfortable riding experience, with moderate speed and battery life that suits the needs of a broad range of users, including teenagers and adults. Their size makes them convenient for both leisure and short-distance commuting, while also being more stable than compact models.

The Compact-size hoverboards are the fastest-growing category in the market due to increasing demand for lightweight, portable, and affordable personal mobility solutions. These hoverboards appeal particularly to younger riders and urban commuters who prioritize ease of carrying and storing their hoverboards in small spaces like apartments or public transportation. As cities become more congested and people seek more convenient transportation options, the compact hoverboard's small size and portability drive its rapid growth in popularity.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Hoverboard Scooters Industry. Request a Free Sample PDF!

Hoverboard Scooters Market Application Segment Analysis

According to Cognitive Market Research, the dominant category in the hoverboard scooters market is the personal mobility device segment. Hoverboards are widely popular as a recreational tool for personal transportation, particularly among younger individuals and urban commuters looking for fun and efficient ways to navigate short distances. Their compact design, ease of use, and cost-effectiveness make them highly appealing for everyday users, further cementing their dominance in the market.

Hoverboards for business purposes represent the fastest-growing category in the market. Companies, particularly those in large-scale warehouses, logistics, and entertainment sectors, are adopting hoverboards as an efficient mode of transportation for employees within large premises. The demand for faster intra-office or facility mobility, along with the rising trend of using hoverboards for promotional and marketing events, has spurred rapid growth in this segment.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Hoverboard Scooters Sales channel Segment Analysis

Hoverboard Scooters Market Sales channel Segment Analysis

According to Cognitive Market Research, the dominant category in the hoverboard scooters market is online sales. E-commerce platforms offer a wide variety of hoverboards, providing customers with the convenience of comparing prices, models, and features from different sellers in one place. The popularity of online shopping is fueled by the ability to read reviews, access detailed product descriptions, and benefit from discounts or promotions.

Offline sales represent the fastest-growing category. The tactile experience of physically examining a hoverboard before purchasing, coupled with the advantage of getting immediate expert advice, attracts a growing number of consumers to brick-and-mortar stores. Many customers still prefer offline channels for trying out the product and ensuring it meets their expectations.

• Online Sales
• Offline Sales

Hoverboard Scooters Speed limit Segment Analysis

Hoverboard Scooters Market Speed limit Segment Analysis

According to Cognitive Market Research, the dominant category in the hoverboard scooters market is those with a speed limit of less than 15 km/h. These hoverboards are particularly popular due to their safety, ease of use, and accessibility for a broad audience, including beginners and younger riders. With a manageable speed, they are well-suited for urban mobility, offering a balance between performance and control. Many parents prefer this speed range for their children, which boosts demand in this category.

Hoverboards with a speed limit of more than 15 km/h represent the fastest-growing category. As experienced riders seek more performance-oriented models, demand is surging for higher-speed hoverboards. These models cater to thrill-seekers and users looking for faster commuting options in larger cities. The advancements in battery technology and stability features make higher-speed hoverboards safer and more attractive.

• Less than 15 Kmh
• More than 15 Kmh

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

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