Hoverboard Market Poised to Achieve High Growth Due to Increasing Popularity among Teenagers
The hoverboard market has witnessed significant growth in the past few years owing to its fun and convenient features. Hoverboards are self-balancing scooters that have become popular among teenagers and young adults. They do not require balancing to ride and can attain speeds of up to 10 mph. Made with lightweight materials like aluminum alloy, hoverboards provide mobility without breaking a sweat. They offer environment-friendly transportation as compared to gasoline vehicles. The growing inclination towards eco-friendly personal transportation modes and improving battery technologies are expected to further propel the demand for hoverboards.
The Global Hoverboard Market is estimated to be valued at USD 924.61 Bn in 2024 and is expected to reach USD 1,467.05 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031.
Key Takeaways
Key players operating in the hoverboard market include Areema, CHIC Roboti
The hoverboard market has witnessed significant growth in the past few years owing to its fun and convenient features. Hoverboards are self-balancing scooters that have become popular among teenagers and young adults. They do not require balancing to ride and can attain speeds of up to 10 mph. Made with lightweight materials like aluminum alloy, hoverboards provide mobility without breaking a sweat. They offer environment-friendly transportation as compared to gasoline vehicles. The growing inclination towards eco-friendly personal transportation modes and improving battery technologies are expected to further propel the demand for hoverboards.
The Global Hoverboard Market is estimated to be valued at USD 924.61 Bn in 2024 and is expected to reach USD 1,467.05 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031.
Key Takeaways
Key players operating in the hoverboard market include Areema, CHIC Roboti
3 months ago
