One Wheel Electric Scooter Market By Product Type (One Wheel Hoverboard, Unicycle), By Application (Daily Commute, Off-road Activities), By Sales Channel (Offline Sales, Online Sales), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032

One Wheel Electric Scooter Market accounted for USD 162.6 Million in 2022 and is estimated to be USD 359.8 Million by 2032 and is anticipated to register a CAGR of 8.6%.

One wheel electric scooter is a form of unicycle powered by an electric motor which is comprised of sensors, gyroscopes and accelerometers. One wheel electric scooter are convenient, safe and easy to use. Rapidly growth in urbanization and need of local commute has driven market growth. Presence of major players and growing strategic acquisitions of is likely to propel One Wheel Electric Scooter market growth.

One Wheel Electric Scooter Market Size:

One Wheel Electric Scooter Market Drivers and Restrains:

Increased Green Mobility to fuel market growth

Increased green mobility across globe has become a leading factor in market growth. Rapidly growing population coupled with increased use of vehicles has resulted in severe air pollution causing wide range of health issues especially in an individual living in urban areas. Government initiative in reducing greenhouse gas emission across globe has fueled the market growth. One wheel electric scooter are eco-friendly with no use of fuel is likely to propel market growth.

For instance, in June 2023, according to (THE TIMES OF INDIA), green mobility has become a need of hour in India due to rapidly growing population and increased number of vehicles. Green Mobility is the use of eco-friendly transportation technologies such as hybrid vehicles, electric vehicles and alternative fuels like hydrogen and biofuels. Adoption of these technologies can help in reducing greenhouse gas emission, air pollution in India. Further, the launch of ‘Faster Adoption and Manufacturing of Electric Vehicles’ (FAME) scheme to promote adoption of electric vehicles is expected to power the demand for One Wheel Electric Scooter market growth.

Restrains:

However, uncomfortable riding experience and low safety as compared to other electric vehicles has restrained the demand for One Wheel Electric Scooter market growth.

• One Wheel Electric Scooter Market Segmentation:

One Wheel Electric Scooter Market is segmented based on Product Type, Application, Sales Channel and Region.

• Product Type Insight

On the basis of Product Type, One Wheel Electric Scooter Market is segmented into One Wheel Hoverboard, Unicycle. Unicycle product type segment is expected to dominate the target market growth as they are mostly preferred by consumers due to its level of comfort.

• Application Insights

On the basis of Application, One Wheel Electric Scooter Market is segmented into Daily Commute, Off-road Activities.

• Sales Channel Insights

On the basis of Sales Channel, One Wheel Electric Scooter Market is segmented into Offline Sales, Online Sales. Offline Sales channel is expected to dominate the target market growth due to growing customer preference towards buying product personally.

• One Wheel Electric Scooter Market Regional Insights:

On region the One Wheel Electric Scooter Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

• North America market is estimated to witness a significantly high revenue share over the forecast period. High disposable income and rising adoption of one-wheel electric scooters as personal vehicle has boost the market growth in region.
• Asia Pacific market is estimated to witness a fastest revenue share over the forecast period. Rapidly growing urban population, increased green mobility coupled with rising production of electric vehicles especially in Japan and China has powered the market growth in region.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032.

• Changzhou Smilo Motors Co., Ltd.
• Airwheel Holding Limited
• Future Motion Inc.
• IPS Electric Unicycle
• Inmotion Technologies Co., Ltd.
• Dongguan Begode Intelligent Technology Co. Ltd.
• SuperRide
• King Song Intell Co., Ltd.
• Ninebot Limited
• Swagtron

The New Launched Product News,

• In September 2023, INMOTION launched a new latest innovative ‘Electric Unicycle Adventure’. The new launched unicycle is designed with rugged design, cutting-edge technology, and with unparalleled performance for off-road adventures.
•  In 2023, King Song showcased up at 2023 Hong Kong Global Sources Electronic Show with an impressive lineup of 2023 best electric unicycles, electric scooters, and e-bikes. The event has opened up a doors to electric vehicle enthusiasts and foreigners to showcase the China’s technological prowess in Electric Vehicle industry.

Strategic Acquisitions and Partnership News,

• In August 2022, Zeus Scooters an Irish start-up company acquired Zwings a UK-based scooter sharing company. Zwings provides e-bike, e-scooter rental options for almost 80,000 customers across cities, towns, and universities in UK.