Hoverboard Market | Leading Segments, Trends, Drivers and Challenges
Market Recovery and Growth Projections 2021-2025

The hoverboard market is expected to grow by $ 402.93 mn, accelerating at a CAGR of almost 1.63% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.

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Hoverboard Market: Market Segments and Growth Forecasts

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

• Market is segmented Market Landscape (Compact size, Mid-size, and Full-size) and Geography (North America, APAC, Europe, South America, and MEA).
• The North America region emerged as the leading segment in recent years. 35% of the market growth will originate from North America during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Hoverboard Market size.

Hoverboard Market: Top Trends, Drivers, Challenges to drive Market Recovery

Our report helps market players to discover the various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will provide clients with all the information they would require for designing a growth strategy for their business.

• A key market driver for the Hoverboard Market will be growing r&d on supercapacitors to replace lithium-ion batteries.
• Rise in number of Chinese manufacturers will be instrumental in driving the market growth during the forecast period.
• Limitations and shortcomings of lithium-ion batteries is a hurdle that needs to be crossed on the path to success.

Hoverboard Market: Vendor Analysis

• The market is fragmented.
• The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
• EPIKGO, Fosjoas Technology Co. Ltd., Hangzhou Chic Intelligent Technology Co. Ltd., Inventist Inc., Jetson Electric Bikes LLC, Lamboscooter, Omni Hoverboards Inc., Razor USA LLC, Segway Inc., and SWAGTRON are some of the major market participants.

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The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of 1.63%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 402.93 mn through 2021-2025.
    
3. What is a key factor driving this market?
   Growing R&D on supercapacitors to replace lithium-ion batteries will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   North America, APAC, Europe, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   35% growth will originate from North America
    
6. Who are the leading market vendors?
   The leading vendors in this market are EPIKGO, Fosjoas Technology Co. Ltd., Hangzhou Chic Intelligent Technology Co. Ltd., Inventist Inc., Jetson Electric Bikes LLC, Lamboscooter, Omni Hoverboards Inc., Razor USA LLC, Segway Inc., and SWAGTRON
    
7. What are the market segments covered in this report?
   The market is segmented by Market Landscape (Compact size, Mid-size, and Full-size) and Geography (North America, APAC, Europe, South America, and MEA)