Ease of using self-balancing scooters and their enhanced feasibility is expected to grow at a CAGR of 22.50% during the forecast period 2023 to 2032.

Market Research Future (MRFR) has published a cooked research report on the “Self Balancing Scooter Market” that contains information from 2018 to 2032. The Self Balancing Scooter Market is estimated to register a CAGR of 22.50% during the forecast period of 2023 to 2032.


MRFR recognizes the following companies as the key players in the global Self Balancing Scooter Market— Ninebot Inc., Inventist, Inc., IPS Electric Unicycle Co., Limited, Robstep GB, Hangzhou Chic Intelligent Technology Co., Ltd., ESWING TECH., Airwheel, Shenzhen Counterbalance Technology Co., Ltd., Esway, Solowheel, Segway, Inc., IO Hawk, Oxboard B.V., Freego Inc., Evoy Technologies, Koogo Technology Inc.


Market Highlights


The global Self Balancing Scooter Market is accounted to register a CAGR of 22.50% during the forecast period and is estimated to reach USD 10.56 billion by 2032.


Various sectors, including manufacturing and public facilities, benefit from diverse applications. The global increase in demand for sustainable transportation is met by self-balancing scooter variants that prioritize environmental friendliness and energy efficiency.


Browse In-depth Details [Table of Content, List of Figures, List of Tables] of  Self Balancing Scooter Market Technology


Segment Analysis


The global Self Balancing Scooter Market has been segmented based on the Product Type, and End Use industries.


Based on the Product Type, the market is segmented into single-wheeled and double-wheeled. The double-wheeled segment was attributed to holding the largest market share in 2022.  Double-wheeled self-balancing scooters excel in stability when contrasted with their single-wheeled counterparts. The side-by-side arrangement of two wheels enhances balance, offering a more user-friendly experience—particularly advantageous for individuals new to this transportation mode.


Based on the end-use industries, the Self Balancing Scooter Market has been segmented into Personal use and Commercial use. The commercial use segment was expected to hold the largest market share in 2022. Self-balancing scooters exhibit a well-suited design for optimizing indoor mobility, presenting significant value in commercial environments such as warehouses, manufacturing facilities, and expansive retail spaces. Their agility and ease of use facilitate swift and convenient movement, proving particularly advantageous for tasks such as inventory management and order fulfillment within these operational settings.


Regional Analysis


The global Self Balancing Scooter Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of the US and Canada. The Europe Self Balancing Scooter Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Self Balancing Scooter Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Self Balancing Scooter Market comprises of Middle East, Africa, and Latin America.


The largest market share for the Self Balancing Scooter Market was maintained by the North American regional sector. The burgeoning demand for personal mobility solutions, particularly in urban centers, is a key driver fueling the expansion of the Self-Balancing Scooter Market. Notably, the 2022 Bipartisan Infrastructure Law in the United States outlines a substantial annual allocation of $1.44 billion to the Transportation Alternatives Set-Aside. This fund is earmarked for supporting state and local projects related to pedestrian and bicycle infrastructure, signaling a nearly twofold increase from the $850 million annual investment recorded between 2018 and 2020. This regulatory support aligns with the broader consumer trend, where individuals are actively seeking convenient and environmentally friendly alternatives for their short-distance commuting needs.


Moreover, the Europe market has been persistently growing over the forecast period. Self-balancing scooters are experiencing increased traction in popular European tourist destinations, serving as an entertaining and environmentally conscious mode of city exploration. Notably, EU tourism records a remarkable 1.2 billion nights in the first half of 2023. Domestic guest nights surpass pre-pandemic levels by 3.6%, while international guest nights are steadily recovering, albeit remaining 2.0% below the levels observed in the first half of 2019. This surge in demand for personal mobility devices aligns with the evolving preferences of tourists who seek distinctive and sustainable experiences during their travels.


Numerous nations in the Asia Pacific region are undergoing significant urbanization, resulting in heightened demand for streamlined and efficient personal transportation solutions. Urbanization remains a prominent megatrend in the Asia-Pacific area, with more than 2.2 billion people, constituting 54% of the global urban population, residing in Asia. Projections indicate that by 2050, the urban population in Asia is poised to surge by 50%, equating to an additional 1.2 billion people. In this landscape, self-balancing scooters emerge as a compact and agile solution catering to the need for efficient short-distance travel.


Furthermore, the rest of the world's Self Balancing Scooter Market is divided into the Middle East, Africa, and Latin America. In regions like the Middle East and Latin America, popular tourist destinations may see increased usage of self-balancing scooters. Tourists often seek convenient and novel ways to explore attractions, and self-balancing scooters can provide an exciting and eco-friendly option.


Key Findings of the Study



  • The global Self Balancing Scooter Market is expected to reach USD 10.56 billion by 2032, at a CAGR of 22.50% during the forecast period.

  • The Asia-Pacific region accounted for the fastest-growing global market because Popular tourist destinations in the Asia-Pacific may see increased usage of self-balancing scooters as a convenient and fun way for tourists to explore local attractions.

  • Based on product type, the double-wheeled segment was attributed to holding the largest market in 2022, with an approximate market share of 55–60%.

  • Ninebot Inc., Inventist, Inc., IPS Electric Unicycle Co., Limited, Robstep GB, Hangzhou Chic Intelligent Technology Co., Ltd., ESWING TECH., Airwheel, Shenzhen Counterbalance Technology Co., Ltd., Esway, Solowheel, Segway, Inc., IO Hawk, Oxboard B.V., Freego Inc., Evoy Technologies, Koogo Technology Inc

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Pages 128
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