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Hoverboard Market Size and Forecast, by Product (Single-Wheeled, Double-Wheeled); Sales Channel, Size, Application - Growth Trends, Key Players, Regional Analysis 2026-2035

  • Report ID: 6289
  • Published Date: Sep 17, 2025
  • Report Format: PDF, PPT

Hoverboard Market Outlook:

Hoverboard Market size was valued at USD 2.1 billion in 2025 and is expected to reach USD 3.83 billion by 2035, registering around 6.2% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of hoverboard is evaluated at USD 2.22 billion.

Hoverboard Market Size
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A gradual shift toward sustainable mobility is driving the adoption of hoverboards. Consumers are becoming aware of the value of urban mobility systems that are sustainable, equitable, and accessible.   As per a June 2023 report by the Eno Center for Transportation, about two-thirds of U.S. states have preempted local governments to minimize the use of fuel-powered vehicles by regulating the local transportation network companies (TNCs). This is aimed at promoting shared vehicles and EVs. Electric-powered mobility solutions are cost-effective. In 2023, the European Parliament stated that about 61% of EU transport emissions are credited to passenger cars. Ongoing measures to promote the adoption of EVs are projected to create opportunities for the market during the forecast period.

Key Hoverboard Market Insights Summary:

  • Regional Highlights:

    • The Europe hoverboard market achieves a 38% share by 2035, driven by demand for eco-friendly solutions and increasing adoption of electric vehicles.
    • The North America market will capture a 26% share by 2035, driven by growth in commercial spaces and increasing urbanization boosting hoverboard adoption.

  • Segment Insights:

    • The single-wheeled segment in the hoverboard market is anticipated to achieve a 58.10% share by 2035, fueled by affordability and better surface adaptability.
    • Online segment in the hoverboard market is expected to secure the majority share by the forecast year 2035, driven by smartphone penetration and convenient online platforms.

  • Key Growth Trends:

    • Need for the local commute
    • Demand for green mobility 

  • Major Challenges:

    • Rising safety concerns
    • Not suitable for long-distance

  • Key Players: Swagtron, Ninebot Inc., HaloBoard, Segway Inc., TOMOLOO Technology Industrial Co. Ltd., SURFUS, Hangzhou Chic Intelligent Technology Co., Shenzhen Rooder Technology Co. Ltd., JIALIKE Electronic Company Ltd.

Global Hoverboard Market Forecast and Regional Outlook:

  • Market Size & Growth Projections:

    • 2025 Market Size: USD 2.1 billion
    • 2026 Market Size: USD 2.22 billion
    • Projected Market Size: USD 3.83 billion by 2035
    • Growth Forecasts: 6.2% CAGR (2026-2035)

  • Key Regional Dynamics:

    • Largest Region: Europe (38% Share by 2035)
    • Fastest Growing Region: Asia Pacific
    • Dominating Countries: China, United States, Japan, Germany, United Kingdom
    • Emerging Countries: China, India, Japan, South Korea, Brazil

    • Last updated on : 17 September, 2025

Growth Drivers

  • Need for the local commute - The adoption of hoverboards and electric scooters is driven by their use for leisure and transportation. Ongoing developments in hoverboard technologies including Magnetic Field Architecture (MFA) are anticipated to improve their effectiveness, safety, and accessibility for a wider audience. According to a report by the World Resources Institute 2023, electric vehicles showed lucrative sales due to their reduced cost. Globally about 10% of such electric vehicles were sold in 2022, which were 10 times the sales between 2017 and 2021. Hoverboards are increasingly becoming an efficient and convenient local mode of commuting.

  • Demand for green mobility - Transportation accounts more than one fifth of the global CO2 emissions. The World Economic Forum 2022 estimated that traveling contributes about 20% of overall greenhouse gas emissions, which necessitates the implementation of green transportation worldwide. Additionally, this has implored the use of economical and sustainable modes of transportation. Hoverboards are electric-driven and ensure zero-carbon footprints. Thus, the growing adoption of green mobility alternatives is fostering the electric vehicle expansion.

Challenges

  • Rising safety concerns - Professionals with the necessary training are needed to operate hoverboards effectively. Consequently, one of the main factors impeding the hoverboard market share is the lack of qualified professionals. Due to its unusual design, there is a higher chance of accidents, which raises public safety concerns.

  • Not suitable for long-distance - Hoverboards lack the appropriate safety features that come with riding a four-wheeler which can lead to injuries such as fractures, strains, contusions, and sprains. This increases the health risks associated with hoverboard scooters.

Hoverboard Market Size and Forecast:

Report Attribute Details

Base Year

2025

Forecast Period

2026-2035

CAGR

6.2%

Base Year Market Size (2025)

USD 2.1 billion

Forecast Year Market Size (2035)

USD 3.83 billion

Regional Scope

  • North America (U.S. and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC, North Africa, South Africa, Rest of the Middle East and Africa)
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Hoverboard Market Segmentation:

Product Segment Analysis

Single-wheeled segment is set to account for hoverboard market share of more than 58.1% by the end of 2035. The segment's tremendous growth rate is ascribed to its affordable price as compared to double-wheeled vehicles of several companies such as Honda, Suzuki, and Tesla, and its greater suitability for practically all surface types. Furthermore, gyroscopic sensors and other electronics are used in single-wheeled hoverboards to balance the rider on a single wheel, creating a unique riding experience. These hoverboards are popular among tech-savvy consumers who are constantly searching for the newest and most inventive devices.

Sales Channel Segment Analysis

The online segment is poised to dominate majority hoverboard market share by 2035, attributed to the growth of online shopping platforms as they have been accompanied by a rise in smartphone penetration and easy access to fast internet facilities in both developed and developing economies. These platforms offer customers numerous benefits, including increased convenience, a wide range of options, and competitive pricing. A recent report by Research Nester estimated that there were about 2.71 billion shoppers globally who prefer e-commerce platforms. Moreover, online shopping allows customers to access a vast selection of products with just a few clicks.

Our in-depth analysis of the global market includes the following segments:

          Product
  • Single-Wheeled
  • Double-Wheeled

          Sales Channel
  • Online
  • Offline

          Size
  • Compact
  • Mid
  • Full

          Application
  • Recreational Activities
  • Business Purposes
  • Personal Mobility
Vishnu Nair
Vishnu Nair
Head - Global Business Development

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Hoverboard Market Regional Analysis:

Europe Market Insights

Europe industry is anticipated to hold largest revenue share of 38% by 2035. The region’s substantial growth is led by the demand for eco-friendly solutions boosted by their rising awareness about sustainability. European Environment Agency in 2024 reported that electric vehicles such as electric cars in Europe increased at a growth rate of 23% in 2023 as compared to previous years. There is a high demand for efficient and convenient commuting alternatives in Germany, as the European Cyclist Federation 2022, stated that most Germans would prefer public transport and bicycles to commute over their cars. According to estimates, about 60% of Germany’s greenhouse gas emissions were credited to the transportation sector.

There is a high usage of technologically advanced products in the UK, as a report- Trend Deck 2021 published by the UK government, estimated that the number of IoT devices crossed 150 million compared to 13 million between 2006 and 2024. Additionally, autonomous technologies and electric vehicles accounted for approximately 8% of UK exports in 2023, as stated by International Trade Administrations.

North America Market Insights

By 2035, North America hoverboard market is estimated to capture over 26% revenue share. It will account for the second position owing to the slated growth in commercial spaces which will increase the adoption of hoverboard usage. U.S. Energy Information Administration in 2020 estimated that the commercial buildings and commercial square footage increased by 6% and 11% respectively compared to the last survey in 2012.

In the United States, there has been an increase in urbanization. Hoverboards are gaining popularity among urban commuters as a simple and convenient means of transportation for short distances, particularly in cities that are getting more crowded. World Bank published a report stating that by 2045 the global urban population will increase by 1.5 times and will surpass 6.0 billion.

There is an increasing disposable income in Canada which surge the market in the coming years. According to IBIS World 2024, the per capita disposable income showed a growth rate of 6.9% in 2020 attributed to the direct payments from the Canadian government to citizens.

Hoverboard Market Share
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Hoverboard Market Players:

    Some of the top hoverboard companies are focusing on important market strategies such as mergers and acquisitions, as well as improving existing products and innovating new product development. They also focus on developing novel products to fulfill the demands of the ever-competitive market.  Some of the key players include:

    • Inmotion Technologies Co. Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Swagtron
    • Ninebot Inc.
    • HaloBoard
    • Segway Inc.
    • TOMOLOO Technology Industrial Co. Ltd.
    • SURFUS
    • Hangzhou Chic Intelligent Technology Co.
    • Shenzhen Rooder Technology Co. Ltd.
    • JIALIKE Electronic Company Ltd.

Recent Developments

  • In July 2023, Inmotion Technologies Co. Ltd. announced the release of its new V12 high-torque electric unicycle. The riding experience and safety have been completely redesigned by INMOTION and this is estimated to strengthen the company’s market position.
  • In October 2022, Swagtron launched SWAGTRON ZipBoard Shuttle Z88, their second generation of hoverboards, created especially for kids and teenagers. These hoverboards combine the style and provide an experience of snowboarding, skateboarding, and surfing.

 

  • Report ID: 6289
  • Published Date: Sep 17, 2025
  • Report Format: PDF, PPT
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Frequently Asked Questions (FAQ)

In the year 2026, the industry size of hoverboard is evaluated at USD 2.22 billion.

The global hoverboard market size exceeded USD 2.1 billion in 2025 and is set to register a CAGR of over 6.2%, exceeding USD 3.83 billion revenue by 2035.

The Europe hoverboard market achieves a 38% share by 2035, driven by demand for eco-friendly solutions and increasing adoption of electric vehicles.

Key players in the market include Swagtron, Ninebot Inc., HaloBoard, Segway Inc., TOMOLOO Technology Industrial Co. Ltd., SURFUS, Hangzhou Chic Intelligent Technology Co., Shenzhen Rooder Technology Co. Ltd., JIALIKE Electronic Company Ltd.

Hoverboard Market Report Scope

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