Hoverboard Market, By Product Type (Self-Balancing Hoverboards, Hover Scooters, and Hover Skates), By Battery Type (Lithium-Ion, Lead-Acid, and Others), By Application (Personal/Recreational Use, Commercial Use, and Industrial/Warehouse Use), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Aug 2024

Code : CMI7334

Pages :140

Formats :

Excel and PDF

Industry : Industrial Automation and Machinery

Market Concentration and Competitive Landscape

Hoverboard Market Concentration By Players

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Advances Usher in an Improved Riding Experience

As with any emerging product category, safety has been a top priority for hoverboard manufacturers. Early models were sometimes prone to overheating or breaking, understandably creating hesitation among potential buyers. Today's devices reflect meaningful improvements thanks to continuous innovation. State-of-the-art lithium-ion battery technologies provide far greater reliability and lifespan between charges compared to initial hoverboard power sources. Rigorous testing and certification standards have also enhanced overall sturdiness, lowering the risk of accidents.

Riders now benefit from advanced balancing sensors and gyroscope mechanisms for smooth, precise control even at higher speeds. App-enabled features further upgrade the experience, allowing customization of settings as well as remote monitoring of battery levels and diagnostic data. Over-the-air updates also push new functionality and enhancements directly to devices. Water resistance on select models opens the door to fun excursions along paths and trails regardless of conditions. All told, technological refinements have made hoverboards a safer and more capable way to cruise around personally.

For instance, In January 2020, Segway-Ninebot, a global leader in the fields of intelligent short-distance transportation and service robotics, unveiled a new lineup of game-changing transportation products at CES 2020. Among these innovations was the Ninebot KickScooter T60, a revolutionary "roboscooter" designed with a reverse trike chassis. The T60 inherits the sturdy body, powerful drivetrain, excellent maneuverability, long-lasting range, and wireless charging capability from the shared scooter business model, but is tailored for consumers. The T60 aims to bring electric kickscooters to the next level by offering a better riding experience, improved portability, sleek and sturdy design, and smart capacity.

Key Players Insights