- 3 July 2019 20:51
Hoverboard Market Trends and Forecast, 2018 - 2026
The hoverboard market will expand at an impressive CAGR of 6.1% over the forecast period (2018 - 2026).
Hoverboards are two-wheeled, electric, portable devices that are also commonly known as self-balancing scooters. Originally, the term hoverboard referred to a levitating device made popular by 1980’s film culture. Not quite the stuff of Back to the Future, hoverboards, as they have come to be known, are the latest craze in self-propelled mobility. Typically, these devices function like powered skateboards and consist of a platform for the rider, situated between two wheels and powered by large lithium-ion batteries.
How do hoverboards work?
One question pops up frequently about hoverboards: how do they work? Well, the rider is able to stay upright and be propelled forward with a little bit of practice. A hoverboard consists of the following:
Gyroscope: Adjusts the tilt of the hoverboard to maintain balance.
Microprocessors: These tiny processors regulate the power output to the wheels.
Battery: Stores the electrical power for your scooter. This is usually a high-watt lithium battery.
Motor: Provides the power to the wheels to keep the rider balanced and upright.
Market By Product:6.5 inch, 8 inch, 10 inch Market By Application: Recreational activities, Business purposes, Personal mobility, Others Market By Geography: North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)
Market Participants: Some of the players in the hoverboard market include Razor USA LLC, The White Chair Limited, Ninebot Limited, Hangzhou Chic Intelligent Technology Co., Ltd., Shenzhen Jialike Electronic Company Ltd., Wuyi Chuangxin Metal Tools Co., Ltd., Shenzhen Rooder Technology Co., Ltd., Inventist, Inc., Zhejiang Topso Technology Co., Ltd., Fosjoas Technology Co., Ltd., Airwheel Technology Holding (USA) Co., Ltd., Shenzhen Uwheel Technology Co., Ltd., Hoverboard Express, LLC, Shenzhen Freefeet Technology Co. Ltd., Swagway LLC, Phunkee Tree, Inc., PTX Performance Products USA, LLC, Soibatian Corporation d.b.a. IO HAWK, Zhengzhou F-wheel Industrial Co., Ltd. and Hama GmbH & Co KG
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