Hoverboard Market is Driven by Growing Popularity of Leisure and Sports Activities

The Global Hoverboard Market is estimated to be valued at US$ 924.61 Billion in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period 2024-2031.
The hoverboard market has experienced rapid growth due to the advent of self-balancing scooters equipped with gyroscopic or sensor technology. Hoverboards have two wheels placed side-by-side and a platform for standing mounted on top. They can be remotely controlled or used intuitively through shifting body weight like a skateboard or Segway. The devices allow for easier mobility over short distances within indoor and outdoor environments. The growing popularity of leisure and sports activities among urban people has boosted the demand for alternative commute options like hoverboards.
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