HOVERBOARD MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In January 2024, Segway, a global leader in micromobility and robotics technology and a subsidiary of Ninebot, Inc., a Beijing-based transportation robotics startup, announced the launch of its new Ninebot S2 Self-Balancing Scooter following its CES 2024 lineup announcements. This second-generation model, now available for pre-sale, offers enhanced customization options such as RGB wheel lights and taillights, an adjustable control bar height, and a built-in Bluetooth speaker. Notably, the Ninebot S2 is priced $150 lower than its predecessor, making it an attractive option for those seeking a personalized and feature-rich self-balancing scooter experience.
• In October 2023, Shane Chen, the inventor of the original Hoverboard and founder of Inventist, a company based in Camas, Washington, introduced the innovative concept of a parallel two-wheeled electric car called SHANE. This outstanding vehicle, designed to comply with the laws of physics, offers a futuristic driving experience for drivers on both urban and highway roads. Chen, a prolific inventor with 76 patents to his name, including the Hovertrax scooter, Solowheel, Orbitwheels, Powerwing, and Aquaskipper, aims to revolutionize mobility with this unique two-wheeled car concept.
• In October 2022, Swagtron, a U.S.-based industry leader in affordable electric and non-electric micromobility transportation devices, launched Shuttle Zipboard, the second generation of hoverboards designed for kids and teens. This innovative product combines elements of skateboarding, surfing, and snowboarding, offering a unique and thrilling riding experience that mimics the sensations of these popular board sports without the high costs and logistical challenges associated with traditional equipment.
• In January 2020, Segway, Inc., a pioneering company in personal transportation technology founded by Dean Kamen and known for its innovative two-wheeled self-balancing devices, and Ninebot, Inc., a Beijing-based transportation robotics startup that acquired Segway in 2015, launched a new e-self-balancing scooter or hoverboard. This product development features automatic speed adjustment, ensuring optimal speed and reducing the risk of accidents, thereby enhancing user safety and experience.