In recent years, the demand for hoverboards has surged to a certain degree due to growing enthusiasm about the gadget among the youth population. For many hoverboard riders, the gadget is a source of entertainment. Expert riders perform various hoverboard stunts as well as use them for engaging in recreational activities.
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In addition, quick acceptance of battery operated vehicles coupled with the urgency to develop innovative transportation modes is expected drive the popularity of hoverboards in the forthcoming years. If perfected, hoverboads are fun to ride and can be an alternative to walking. A futuristic look and the cutting-edge technology that powers the gadget continues to attract the tech savvy consumer class. The latest versions of hoverboards are far more efficient as compared to the initial models. Developers are actively focusing on making their use more practically possible and also trying to improve their functionalities. Higher investment on research & development and product promotion by manufacturing companies are expected to make a positive impact on the global hoverboard market. Fact.MR’s latest report projects that the global hoverboard market will expand at an impressive CAGR of 6.1% over the forecast period (2017-2022).
Hoverboard is a self-balancing, and battery operated gadget that is used for personal transportation. Some high performance hoverboards are even referred to as electric skateboards or electric scooters. The gadget typically has two wheels that are parallel to each other and connected by a small electronic panel. The user has to place his/her feet on the panel and maneuver the hoverboard using body weight.
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APEJ’s Hoverboard Market to Remain More Lucrative than Markets in North America & Europe
Asia-Pacific excluding Japan (APEJ) is to remain the most lucrative market for hoverboard in 2022, and the trend is anticipated to continue over the next couple of years. During the forecast period, the hoverboard market in APEJ is projected to expand at a strong CAGR of 6.2%.
Double Wheeled will Remain the Most Sought-After Hoverboard Type
On the basis of product type, demand for double wheeled segment will continue to grow in 2017 and beyond. Presently, the segment accounts for more than two-third share of the market in terms of revenue. The double wheeled product type segment is expected to grow at around US$ 75.6 Mn annually over the course of the forecast period.
Competition Tracking
Razor USA, LLC, Ninebot Inc., HaloBoard, EPIKGO, Segway Inc., Skque Products, TOMOLOO Technology Industrial Co., Ltd., Megawheels, SURFUS, Genesis, Hangzhou Chic Intelligent Technology Co., Ltd., Shenzhen Rooder Technology Co., Ltd, Shenzhen JIALIKE Electronic Company Ltd., Airwheel Technology Holding ( USA ) Co., Ltd., Shenzhen Uwheel Technology Co., Ltd., are the key companies profiled in the Fact.MR’s report.
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About Us
We are an insights-driven global market intelligence company with a unique purpose: enabling organizations make better decisions. We do this by creating an ecosystem where an eclectic cognitive collaboration between human imagination and data science leads to path breaking ideas.
Our vision is to foster a pervasive culture where critical business decisions are taken on the basis of facts rather than assumptions and perceptions.
Our mission is empowerment – empowerment of free-thought; empowerment of fact-based decisions; empowerment of decisive action.
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Get | Download Free Sample Copy @ https://www.factmr.com/connectus/sample?flag=S&rep_id=219
In addition, quick acceptance of battery operated vehicles coupled with the urgency to develop innovative transportation modes is expected drive the popularity of hoverboards in the forthcoming years. If perfected, hoverboads are fun to ride and can be an alternative to walking. A futuristic look and the cutting-edge technology that powers the gadget continues to attract the tech savvy consumer class. The latest versions of hoverboards are far more efficient as compared to the initial models. Developers are actively focusing on making their use more practically possible and also trying to improve their functionalities. Higher investment on research & development and product promotion by manufacturing companies are expected to make a positive impact on the global hoverboard market. Fact.MR’s latest report projects that the global hoverboard market will expand at an impressive CAGR of 6.1% over the forecast period (2017-2022).
Hoverboard is a self-balancing, and battery operated gadget that is used for personal transportation. Some high performance hoverboards are even referred to as electric skateboards or electric scooters. The gadget typically has two wheels that are parallel to each other and connected by a small electronic panel. The user has to place his/her feet on the panel and maneuver the hoverboard using body weight.
View Full Report@:- https://www.factmr.com/report/219/hoverboard-market
APEJ’s Hoverboard Market to Remain More Lucrative than Markets in North America & Europe
Asia-Pacific excluding Japan (APEJ) is to remain the most lucrative market for hoverboard in 2022, and the trend is anticipated to continue over the next couple of years. During the forecast period, the hoverboard market in APEJ is projected to expand at a strong CAGR of 6.2%.
Double Wheeled will Remain the Most Sought-After Hoverboard Type
On the basis of product type, demand for double wheeled segment will continue to grow in 2017 and beyond. Presently, the segment accounts for more than two-third share of the market in terms of revenue. The double wheeled product type segment is expected to grow at around US$ 75.6 Mn annually over the course of the forecast period.
Competition Tracking
Razor USA, LLC, Ninebot Inc., HaloBoard, EPIKGO, Segway Inc., Skque Products, TOMOLOO Technology Industrial Co., Ltd., Megawheels, SURFUS, Genesis, Hangzhou Chic Intelligent Technology Co., Ltd., Shenzhen Rooder Technology Co., Ltd, Shenzhen JIALIKE Electronic Company Ltd., Airwheel Technology Holding ( USA ) Co., Ltd., Shenzhen Uwheel Technology Co., Ltd., are the key companies profiled in the Fact.MR’s report.
Request for the Customization of the report: https://www.factmr.com/connectus/sample?flag=RC&rep_id=219
About Us
We are an insights-driven global market intelligence company with a unique purpose: enabling organizations make better decisions. We do this by creating an ecosystem where an eclectic cognitive collaboration between human imagination and data science leads to path breaking ideas.
Our vision is to foster a pervasive culture where critical business decisions are taken on the basis of facts rather than assumptions and perceptions.
Our mission is empowerment – empowerment of free-thought; empowerment of fact-based decisions; empowerment of decisive action.
For More Information Kindly Contact:
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Tel: +353-1-4434-232
Mail: sales@factmr.com
Read Blog: https://theheraldmedia.com/
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