What is the global market size of One Wheel Electric Scooter Market?

Global One Wheel Electric Scooter Market size was valued at USD 112.6 billion in 2021, and it is expected to reach a value of USD 162.43 billion by 2028, at a CAGR of 4.7% over the forecast period (2022-2028). Read More

One Wheel Electric Scooter Market Size

One Wheel Electric Scooter Market Insights

One Wheel Electric Scooter Market size was valued at USD 168.6 Million in 2023 and is poised to grow from USD 182.93 Million in 2024 to USD 381.19 Million by 2032, growing at a CAGR of 8.5% during the forecast period (2025-2032).

A one-wheel electric scooter is a single-wheeled personal transportation system that is powered mostly by electricity. Globally, millennials and members of generation Z largely employ this kind of personal transportation. Due to a shift in the perception of urban mobility, this type of transportation system is becoming more popular in metropolitan areas. An electric motor is used in a one-wheeled electric scooter to drive the wheel and generate the necessary torque to move. These self-balancing, one-wheeled electric scooters track all of the performance indices primarily using software programmes. These electric scooters are not subject to any particular motor rules and driving restrictions.

The market for one-wheel electric scooters is anticipated to grow due to factors including rising urbanisation and the need for local transportation, high portability compared to other personal electric vehicles, declining battery prices per KWH, and shifting attitudes toward leisure and recreational activities. Additionally, it is projected that a robust dealer and supplier network, ongoing product development, and competitive advantage will support the expansion of the worldwide one-wheel electric scooter market. But over the projected period, low safety compared to alternative commuting options, uncomfortable riding due to design structure, and new regulations and guidelines are anticipated to impede market growth.

US One Wheel Electric Scooter Market is poised to grow at a sustainable CAGR for the next forecast year.

FAQs

Many businesses are putting an emphasis on organic growth initiatives, including new launches, product approvals, and others like patents and events. Acquisitions and partnerships & collaborations were examples of inorganic growth tactics that were observed in the market. These actions have made it possible for market participants to increase their customer and revenue. With the growing demand for one wheel electric scooters in the worldwide industry, market players in the one wheel electric scooter market can expect attractive growth prospects in the future. 'Future Motion Inc. (USA) ', 'InMotion Technologies Co., Ltd. (China) ', 'Ninebot (Segway) (China) ', 'Airwheel Holding Limited (China) ', 'IPS Electric Unicycle (USA) ', 'KingSong Intell Co., Ltd. (China) ', 'SuperRide (USA) ', 'Swagtron (USA) ', 'Shenzhen Rooder Technology Co., Ltd. (China) ', 'Kiwano Electric Scooter (USA) ', 'Solowheel (USA) ', 'Razor USA LLC (USA) ', 'F-Wheel (China) ', 'IPS Intelligent People Transporters (USA) ', 'Segway-Ninebot (Beijing) Co., Ltd. (China) ', 'SBU V3 Self Balancing Unicycle (USA) ', 'Hovertrax (USA) ', 'Hoverboard (USA) ', 'Yvolution (USA) ', 'GOTRAX (USA) '

In the last ten years, the mobility landscape has undergone tremendous change as conventional transportation methods are replaced by electrically powered vehicles that feature cutting-edge technology. To get the best possible solution for electric mobility, electric-driven mobility provides primarily three benefits, including economic gain, environmental benefit, and technology benefit. One-wheel electric scooters are a popular personal transportation option for metropolitan areas because they have zero carbon emissions and are reasonably priced. In the next years, it is predicted that rising environmental awareness and a growing preference for e-mobility would promote market growth for one-wheel electric scooters.

Factors include growing urbanisation and the need for local transportation, high portability compared to other personal electric cars, declining battery prices per KWH, and shifting perspectives on leisure and recreational activities are predicted to drive the market for electric one-wheel scooters globally. Additionally, a powerful dealership and network of suppliers, ongoing product development, and competitive advantage are expected to support the expansion of the one-wheel electric scooter industry globally.

North America now retains the top spot in the industry, due to the rising popularity of hoverboards among kids and teenagers as a recreational activity and the rising acceptance of one-wheel electric scooters for personal mobility. The majority of one-wheel electric scooter manufacturers are based in the United States, which is why it leads this regional market.