Hoverboards Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Single Wheel, Double Wheel, Others); Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, Others) and Geography
A hoverboard is a self-balancing and battery-powered device. It primarily serves as a mode of personal transportation. Few hoverboards, such as electric skateboards or electric scooters, are intended for high performance. This device is made up of two parallelly aligned wheels that are connected by a small electronic panel. When the user stands on the panel and moves his or her body weight, the hoverboard moves. Hoverboards are thought to be the next environmentally friendly transport that can turn travel into a comprehensive entertainment experience. Due to the increased desire for hi-tech and fuel-efficient automobiles among generation Z, this micro-mobility vehicle will soon become popular.
The factors projected to fuel market growth during the forecast period include the increased popularity of this product among children and the business sector. Most importantly, the hoverboard's low cost and light weight have increased its popularity. Hoverboards' branding is expected to improve over time when safer technologies and better design are implemented. One of the appealing qualities of hoverboards is that they are zero-emission machines, making them an environmentally friendly mode of transportation. This makes them a desirable product. Battery-related issues such as explosions and safety concerns, on the other hand, would limit market expansion.
The "Global Hoverboards Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the hoverboards market with detailed market segmentation by product and distribution channel. The global hoverboards market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hoverboards market players and offers key trends and opportunities in the market.
The hoverboards market is segmented into product, and distribution channel. By product, the hoverboards market is bifurcated into single wheel, double wheel and others. By distribution channel, the hoverboards market is bifurcated into supermarkets & hypermarkets, specialty stores, online retail, and others.
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the hoverboards market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The hoverboards 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 hoverboards market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. 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 hoverboards market in these regions.
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The report covers vital developments in the hoverboards 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 partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the hoverboards market are anticipated to lucrative growth opportunities in the future with the rising demand for hoverboards in the global market. Below mentioned is the list of few companies engaged in the hoverboards market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hoverboards market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
Razor USA LLC
EPIKGO, an Endliss Technology Inc. Company
MGA Entertainment, Inc.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.
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The List of Companies
2.Razor USA LLC
4.EPIKGO, an Endliss Technology Inc. Company
8.MGA Entertainment, Inc.