Self-balancing scooters also known as Hover boards are defined as a two wheel powered vehicle, capable of balancing both the rider and itself on the basis of inclination of rider. Commonly these scooters are battery powered capability of working for longer period of time. These scooters are available in several models to suit specific models. Some of the most common models commercially available in the market includes Police models, Cross Terrain Models, Commuter models, and sports arenas models.
Low price in comparison to fuel powered scooters and small size of the scooters are primarily increasing customer attraction towards adoption of such scooters. However, increase in the number of accidents related to explosion and malfunctioning of scooters, these scooters are prohibited for public use in several countries. Stringent regulation regarding use of these vehicles in several places is primarily restraining the growth of the market.
The objectives of this report are as follows:
- To provide overview of the global Self-Balancing Scooter market - To analyze and forecast the global Self-Balancing Scooter market on the basis of product type, end-use and size. - To provide market size and forecast till 2025 for overall Self-Balancing Scooter market with respect to five major regions, namely; North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM), which are later sub-segmented across respective major countries. - To evaluate market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. - To provide exhaustive PEST analysis for all five regions. - To profiles key Self-Balancing Scooter players influencing the market along with their SWOT analysis and market strategies.
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