One Wheel Electric Scooter Market Projected to reach $146.7 million by 2027

The global one wheel electric scooter market was valued at $110.2 million in 2019, and is projected to reach $146.7 million by 2027, registering a CAGR of 5.0%.

North America was the highest revenue contributor, accounting for $38.7 million in 2019, and is estimated to reach $45.9 million by 2027, with a CAGR of 3.5%. Asia-Pacific is estimated to reach $34.8 million by 2027, at a significant CAGR of 6.6%. One wheel electric scooter is a personal commuter transportation system driven by one wheel and mainly get power through electrical energy. These personal transportation system is mainly used by millennial and generation Z across the globe. Such transportation system is gaining traction in the urban areas owing to changing outlook of the urban transportation. One wheel electric scooter comprises of electric motor to drive the wheel and get the required torque for motion. These one wheel electric scooters are self-balancing system mainly operates through software applications to track down all the performance index. These type of electric scooters are not entered under specific motor rules and regulations for drive, but increasing number of footpath and individual accidents, these systems are having limitations in some countries and even banned in some countries

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Major Market Players:
• INMOTION Technologies Co.Ltd.
• F-WHEEL
• Dongguan Begode Intelligent Technology Co. Ltd.
• Ninebot Limited
• Guangzhou Veteran Intelligent Technology Ltd.
• King Song Intell Co. LTD.
• FUTURE MOTION INC.
• SWAGTRON
• IPS Electric Unicycle
• SuperRide

The factors such as increasing green mobility, high portability as compare to other personal electric vehicles, rising urbanization and local commute requirements, Decline in price of batteries per KWH, changing outlook of leisure & recreational activities are expected to drive the global one wheel electric scooter market . However, low safety as compared to other commuting options, uncomfortable riding experience due to design structure, and new regulations & rules are expected to restrain the growth of market during the forecast period. Moreover, strong dealership and supplier network, continuous product development gains competitive advantage are anticipated to supplement the global one wheel electric scooter market growth; thus, providing a better opportunity for the growth of the market in the near future.

Mobility outlook across the globe is witnessing significant change from the past decade as traditional mobility medium is replaced with electrically driven solution equipped with advanced technologies. The electric driven mobility enables majorly three benefits includes economic benefit, environmental benefit, and technology benefit to attain the optimum solution of the electric mobility. One wheel electric scooter is trending personal commute solution mainly driven by electric motor, which ensures the zero carbon footprints and cost-effective solution in the urban areas. Increasing environmental concern and growing inclination toward e-mobility is estimated to support the growth of the one wheel electric scooter market in the upcoming years.

Key Market Segments
• By Application
o Off-road Activities
o DAILY COMMUTE
• By Product Type
o Electric Unicyle
o Electric one wheel Hoverboard
• By Sales Channel
o ONLINE SALES
o OFFLINE SALES
• BY SPEED LIMIT (KMH)
o 20 kmh – 30 kmh
o 30 kmh – 50 kmh
o More than 50 Kmh

In the recent years, urbanization is attaining the peak year on year, as majority of the population is shifting to the urban areas owing to the increasing work opportunities and rapid industrialization in the urban areas. In this era of urbanization, daily commute between the workplace and residence is the need for every individual passenger, which is associated with travel time. Moreover, urban passenger are more inclining to the technologically advanced commute solution along with its time effective commute option to avoid unnecessary long traffic jams along with green mobility. Owing to these above factors, urban passengers are more dependable on the technologically advanced commute solutions for the daily commute. The one wheel electric vehicle is one of the leading solution with high end technology along with its compact design. The one wheel electric scooter is one of the efficient and time effective commute system for these changing rider requirements. The growing usage of one wheel electric scooter for the daily commute in the urban areas and changing ridership outlook of the passengers are expected to spur the demand for one wheel electric scooter in the upcoming yeas.

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Key Benefits For Stakeholders
• This study presents the analytical depiction of the global one wheel electric scooter market analysis along with the current trends and future estimations to depict imminent investment pockets.
• The overall one wheel electric scooter market opportunity is determined by understanding profitable trends to gain a stronger foothold.
• The report presents information related to key drivers, restraints, and opportunities of the global one wheel electric scooter market with a detailed impact analysis.
• The current market is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
• Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.

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