Industry Background:
A self-balancing Scooter is a couple of wheeled fueled vehicle that adjusts both rider and itself based on the driver's inclining activity. The in-assembled sensors measure the rate and pitching point and impart signs to the engine to drive as needs be, along these lines adjusting the bike. These bikes contain lithium-particle batteries and can be completely energized within three hours. They can without much of a stretch cover separation up to 10-15 km with one full charge. Besides, remote chargers like the one utilized for cell phones are required to be dispatched in the impending time frame, in this manner supporting their development further. The rise in the number of manufacturers across the globe is one of the major factors of growth.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Hangzhou Chic Intelligent Technology Co., Ltd. (China), Ninebot Inc. (China), Shenzhen Counterbalance Technology Co., Ltd. (China), Inventist, Inc. (United States), Segway, Inc. (United States), Freego High-Tech (New Zealand) and Shenzhen iezway technology co. ltd (China) |
This growth is primarily driven by Growing inclination toward advanced electronic devices.
Globally, a noticeable market trend is evident Increasing online sales channel Major Vendors, such as Hangzhou Chic Intelligent Technology Co., Ltd. (China), Ninebot Inc. (China), Shenzhen Counterbalance Technology Co., Ltd. (China), Inventist, Inc. (United States), Segway, Inc. (United States), Freego High-Tech (New Zealand) and Shenzhen iezway technology co. ltd (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations.
Key Developments in the Market:
In Jan 2023, Engineering and Tech start-up Liger Mobility has unveiled the world’s first self-balancing electric scooters – the Liger X and Liger X+. While self-balancing technology isn’t new to the two-wheeler space developments in the technology have been focused on the motorcycle space with brands having previously showcased prototypes of the same.
In Jan 2023Liger Mobility, a Mumbai-based start-up, has announced its plans to showcase India’s first self-balancing electric scooter at the Auto Expo 2023. The biannual event, which skipped a year in 2022, will kick off this week in Greater Noida, UP.
Influencing Trend:
Increasing online sales channel
Market Growth Drivers:
Growing inclination toward advanced electronic devices
Challenges:
Key competition between the manufacturers
Restraints:
High cost associated with the Self-balancing Scooter
Opportunities:
The rise in the investment in research and development as well as advertising and marketing strategies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Self-balancing Scooter Market
- Analysis about New Entrants in Self-balancing Scooter Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Self-balancing Scooter Study Sheds Light on
The Self-balancing Scooter Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Self-balancing Scooter industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Self-balancing Scooter industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.