Hoverboard is a means of personal transport that travels above the surface of ground and is ridden in a standing position. It is battery operated self-balancing device which the rider operates by standing on it and using their body weight to control the movement of hoverboard. They provide a better alternative to walking, biking, driving to school or work, recreational riding outside or inside the home, and for shopping inside the malls. The hoverboards are available with wide range of features that includes LED headlights, two speed setting, fast charging, superior steering, Bluetooth speakers, all-terrain wheels. Such features help to purchase a hoverboard compatible in accordance to the need of the operator. The hoverboards use lithium ion batteries and are consequently zero emission machines making an eco-friendly means of transport being available to the users.

The hoverboard provides with benefits such as ease of navigation, low maintenance cost, light framework, battery operated, which makes it suitable means for travelling especially in urban areas. Rising interest in battery operated self-balancing scooters, growing youth population and efficient energy consumption are the major drivers of global hoverboard market while lack of safety and drivers weight limitation are the major restraints to the industry.

Hoverboard market is divided in accordance to hoverboard type (wheel size), end-user vertical (B2B and B2C) and region. The key vendors in hoverboard market includes IO Hawk, Ninebot, Inventist, Phukeeduck, Imoto, Razor, Monorover, Skque, Hover Way, Jetson, Street Saw, Fiturbo, Space board, Vecaro, and Cyboard. Asia pacific has significant opportunities for growth due to increasing demand in China, Japan, Australia, Singapore, and Malaysia with growing demand in south America. China has emerged as leading manufacturer in hoverboard market.

The study covers and analyses the “Hoverboard market”. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.