One Wheel Electric Scooter Market Size, Share & Industry Analysis, By Product Type (Unicycle, One Wheel Hoverboard), By Sales Channel (Online Sales, Offline Sales), By Speed Limit (Less than 25 Kmph, More than 25 Kmph) And Regional Forecast, 2024-2032

A one-wheel electric scooter is a personal commuter transportation system driven by one wheel and mainly gets power through electrical energy. This personal transportation system is used primarily by millennials and generation Z across the globe. Such a transportation system is gaining traction in the urban areas owing to changing the outlook of urban transportation. One wheel electric scooter comprises an electric motor to drive the wheel and get the required torque for motion. These one-wheel electric scooters are self-balancing systems that mainly operate through software applications to track down all the performance indexes. These electric scooters are not entered under specific motor rules and regulations for drive. Still, the increasing number of footpaths and accidents have limited the one-wheel electric scooter in some countries and even banned in some countries.

The factors such as increasing green mobility, high portability compared to other personal electric vehicles, rising urbanization and local commute requirements, Decline in price of batteries per KWH, changing the outlook of leisure & recreational activities are expected to drive the global one wheel electric scooter market. Moreover, a strong dealership and supplier network, continuous product development, and competitive advantage are anticipated to supplement the growth of the global one-wheel electric scooter. However, low safety compared to other commuting options, uncomfortable riding experience due to design structure, and new regulations & rules are expected to restrain the market growth during the forecast period.

Market Segmentation:

The One Wheel Electric Scooter market is segmented by Product Type (Unicycle, One Wheel Hoverboard), By Sales Channel (Online Sales, Offline Sales), By Speed Limit (Less than 25 Kmph, More than 25 Kmph), and by Geography.

By Product Type, the One Wheel Electric Scooter market is classified as Unicycle and One Wheel Hoverboard. Unicycle currently holds the largest market share and is expected to maintain the same with steady growth. Unicycles are the most preferred modes of personal commute amongst the two due to their level of comfort.  A single charge provides a seamless movement for a range of a minimum of 10 km across the city. It offers complete convenience, and it is one of the most economical means of personal commute for short-distance travel. Hence due to these factors, it is anticipated that the unicycle segment will exhibit the highest CAGR during the forecast period. Increasing industrial application of hoverboards for easy and smooth functioning of the production process is expected to drive the growth of the global market significantly. However, it has many limitations, such as many cheap hoverboards caught fire due to the bad quality of Lithium batteries used. The UL2272 certification is a current standard for hoverboard safety in the US market, and many hoverboards aren't UL2272 certified. Hence these factors restrain the growth of the one-wheel hoverboard segment.

By Sales Channels, the market is segmented into Online Sales and Offline Sales. Currently, the offline sales segment accounts for the largest share in the global market. The dominance can be attributed to customers' convenience to buy products personally rather than shopping online. However, with online shopping, the user has access to a wide range of products; everything is just a click away. Consumers can shop at any time of the day. The online shopping store is at service 24/7. Also, consumers get exclusive deals on online products, which are not available at stores. Hence the online sales segment is anticipated to exhibit higher CAGR and hold the largest share during the forecast period.

By Speed Limit, the market is segmented into less than 25 kmph and more than 25 kmph. Due to a lack of regulations and standardization, technological developments in one-wheel electric scooters were slow. Hence currently, the less than 25 kmph segment holds a significant market share. However, upcoming one-wheel electric scooters are equipped with LEDs for safe travel at night, a higher wattage battery featuring fast charging to last up to 100 kms in one charge, and much safer balancing motors. Hence though currently, the less than 25 kmph segment holds the largest market share, the more than 25 kmph segment is anticipated to have the largest market share and exhibit a higher CAGR during the forecast period.

Key Players:

Major players operating in the global One Wheel Electric Scooter market are Inmotion Technologies Co., Ltd., F-wheel, Dongguan Begode Intelligent Technology Co. Ltd., Ninebot Limited, Guangzhou Veteran Intelligent Technology Ltd., King Song Intell Co., LTD., Future Motion INC., Swagtron, IPS, and Electric Unicycle, SuperRide. are among others.

Key Insights

• New Advancements in One Wheel Electric Scooter Market


• Number of Products, Key Countries, 2021


• New Product Launches, Key Players

Regional Analysis:

Geographically, the One Wheel Electric Scooter market is segmented into North America, Europe, Asia Pacific, and the rest of the world.

North America holds the most prominent position in the market owing to the increasing adoption of one-wheel electric scooters for personal mobility and the growing popularity of hoverboards among children and youth as a recreational activity. The United States ranks first in this regional market due to most of the one-wheel electric scooter manufacturers.

The Asia-pacific region is expected to exhibit the highest CAGR and lead the market during the forecast period in the one-wheel electric scooter market. The sector has been witnessing steady growth, driven by higher spending power among the middle-income class and declining production costs, which resulted from commoditization. China is a significant producer of cost-effective hoverboards and unicycles and is expected to retain its position in the Asia Pacific market over the forecast period. Increasing manufacturing of technologically advanced unicycles and hoverboards is expected to further fuel the growth of the hoverboards market in China. Also, various micro-mobility startups in India are emerging with mobility solutions to address poor road infrastructure, congested roadways, and rising air pollution.

Europe is expected to emerge as the fastest-growing region in the forthcoming years. The growing one-wheel electric scooter industry, growing e-commerce market, and increasing technology adoption in the personal commuting methods in Europe will offer immense growth opportunities. Growing investments and acquisitions in micro-mobility startups, increasing focus on a convenient, economical, and eco-friendly commute and rising sharing economy adoption will significantly influence this region's one-wheel electric scooter market growth.

The rest of the world consists of Latin America, the Middle Eastern, and the African region. The middle eastern region is expected to contribute significantly to the growth of the one-wheel electric scooter market. This can be attributed to the early adoption of advanced technologies in the micro-mobility sector, which have sensed opportunities for the same.

Segmentation