- One wheel electric scooter is one of the type of personal transportation system driven by one wheel through electrical energy. These one wheel electric scooter is self-balancing and is mainly utilized by millennials and generation Z worldwide. Rapid expansion of urban areas, growing population, and the increasing outlook of urban transportation are the prime factor responsible for the growth of the one wheel electric scooter market all over the world.
MARKET SCOPE
The "Global One Wheel Electric Scooter Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the one wheel electric scooter market with detailed market segmentation by product type, speed limit, application, and geography. The report provides key statistics on the market status of the leading one wheel electric scooter market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type, the global one wheel electric scooter market is segmented into electric unicycle and electric one wheel hoverboard.
- On the basis of speed limit, the market is segmented into below 20 MPH, 20 - 30 MPH and more than 30 MPH.
- Based on application, the market is bifurcated into off-road activities and daily commute.
MARKET DYNAMICS
Drivers:
- Increasing traffic congestion in numerous metropolitan cities.
- Rising urbanization and increasing per capita disposable income to boost market growth of one wheel electric scooter.
Restraints:
- Unorganized retail sector in few developing countries of Asia Pacific region.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The one wheel electric scooter market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the one wheel electric scooter market in these regions.
IMPACT OF COVID-19 ON ONE WHEEL ELECTRIC SCOOTER MARKET
The outbreak of the COVID-19 has severely impacted the automotive, transportation and other related industries adversely. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption of global supply chain has left an adverse impact on the automotive industry. This pandemic restricted movement of people from one place to another. Also considering job losses or salary cuts, purchasing capacity of the consumer was also reduced. Restrictions of limited workforce at production site also affected the market from supply side. All the mentioned factors have impacted the one wheel electric scooter market negatively.
MARKET PLAYERS
The report covers key developments in the one wheel electric scooter market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from one wheel electric scooter market are anticipated to lucrative growth opportunities in the future with the rising demand for one wheel electric scooter in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the one wheel electric scooter market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Airwheel Holding Limited
- Dongguan Begode Intelligent Technology Co., Ltd.
- F-wheel
- INMOTION TECHNOLOGIES CO.,LTD.
- IPS Electric Unicycle Co., Limited
- King Song Intell Co., LTD
- Onewheel
- SEGWAY INC.
- SuperRide
- SWAGTRON