This statistic shows the market value of the hoverboard market worldwide from 2017 to 2021. In 2017, the global market value of hoverboards was estimated to be worth approximately 2.77 billion U.S. dollars.

According to Cognitive Market Research, the global Hoverboard Scooters market size will be USD 8514.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 3405.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2554.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1958.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 425.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 170.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
The dominant category in the hoverboard scooters market is those with a speed limit of less than 15 km/h. These hoverboards are particularly popular due to their safety, ease of use, and accessibility for a broad audience, including beginners and younger riders

Market Dynamics of Hoverboard Scooters Market

Key Drivers for Hoverboard Scooters Market

Increasing Demand for Sustainable Urban Mobility Solutions to Boost Market Growth

One of the primary drivers in the Hoverboard Scooters Market is the growing need for sustainable urban mobility solutions. As urban areas become more congested, there is an increasing focus on reducing carbon emissions and promoting eco-friendly transportation options. Hoverboard scooters, being electrically powered, offer an energy-efficient alternative to conventional vehicles for short-distance travel. Consumers, especially in urban regions, are adopting these devices as a way to mitigate traffic issues and reduce their carbon footprint. The rise of micro-mobility trends, where consumers seek compact and flexible transportation modes, has further bolstered the demand for hoverboards. For instance, June 2023, Luna Systems and Segway-Ninebot provided secure shared micro-mobility solutions by integrating Luna's highly accurate algorithmic solutions throughout Segway's platforms. Luna's Computer Vision technology tackles issues like e-scooter vendors colliding with people and people riding on sidewalks

Rising Popularity Among Younger Demographics and Recreational Use to Drive Market Growth

Another significant market driver is the growing popularity of hoverboard scooters among younger consumers for recreational purposes. Hoverboards have gained immense traction as trendy personal mobility devices, particularly among teens and young adults who see them as both a leisure activity and a practical commuting tool. The incorporation of features like Bluetooth speakers and customizable lighting has enhanced their appeal, turning them into lifestyle products. Additionally, social media and influencer marketing have played a crucial role in promoting hoverboards, making them a must-have gadget in the youth market, thus driving overall sales.

Restraint Factor for the Hoverboard Scooters Market

Safety Concerns and Regulatory Challenges, will Limit Market Growth

One of the key restraints impacting the Hoverboard Scooters Market is the persistent safety concerns and regulatory challenges. Hoverboards have been associated with several incidents, such as battery explosions and falls, leading to injuries. These safety risks have prompted stringent regulations and even outright bans in certain regions. The lack of standardized safety protocols and certifications adds to the complexity, limiting the growth potential of the market. Additionally, consumer skepticism due to past safety controversies continues to affect hoverboard adoption, as buyers prioritize secure and reliable transportation options.

Impact of Covid-19 on the Hoverboard Scooters Market

The COVID-19 pandemic had a mixed impact on the Hoverboard Scooters Market. Initially, the market experienced a slowdown due to disruptions in manufacturing, supply chain bottlenecks, and restrictions on movement. Many factories temporarily shut down, causing del...

The global hoverboard market, valued at approximately $500 million in 2025, is projected to experience steady growth, driven by increasing consumer demand for eco-friendly personal transportation and technological advancements leading to enhanced safety features and improved battery life. The market's Compound Annual Growth Rate (CAGR) of 1.63% from 2025 to 2033 indicates a gradual but consistent expansion. Key growth drivers include rising disposable incomes in developing economies, increased adoption by younger demographics, and the integration of smart features like Bluetooth connectivity and mobile app controls. However, safety concerns surrounding accidents and regulatory hurdles in certain regions pose significant restraints to market growth. The market segmentation reveals a strong preference for electric hoverboards over other types, particularly for recreational applications. Leading companies like Segway, Razor, and SWAGTRON are employing competitive strategies focused on product innovation, strategic partnerships, and aggressive marketing campaigns to capture market share. These strategies emphasize consumer engagement through social media and influencer marketing. Regional analysis shows North America and Europe maintaining significant market dominance due to high consumer awareness and established distribution networks, while the Asia-Pacific region is poised for considerable growth in the coming years fueled by expanding middle classes and rising urbanization. The competitive landscape is characterized by a mix of established players and emerging innovative companies. While established brands leverage their brand recognition and extensive distribution networks, newer entrants often focus on niche markets with unique product features or cost-effective pricing strategies. The development of advanced safety features such as improved gyroscopic stabilization systems and enhanced braking mechanisms will play a crucial role in alleviating safety concerns and driving future market growth. Furthermore, ongoing innovations in battery technology, including faster charging times and extended range, are expected to enhance consumer satisfaction and further bolster market expansion. Overall, the hoverboard market's trajectory suggests a steady, albeit modest, growth trajectory driven by ongoing technological advancements and evolving consumer preferences. The market's success will hinge on addressing safety concerns and capitalizing on the growing demand for sustainable personal transportation solutions.

For all micromobility devices in the United States from 2017 to 2022, the majority of recorded accidents took place on a street or highway, with a share of 30 percent. 18 percent of accidents took place at home, and a combined 10 percent of accidents occurred in a place of recreation or sports, or on some other public property. Finally, for 42 percent of accidents there was no recorded place of occurrence.

For E-Scooters and E-Bikes specifically, most accidents occurred on a street or highway with 41 and 55 percent, respectively. On the other hand, most hoverboard accidents with a recorded location occurred at home, with 37 percent.

The global balancing scooter market, encompassing self-balancing scooters and hoverboards, is experiencing robust growth, driven by increasing consumer demand for eco-friendly personal transportation and technological advancements leading to improved features and safety. The market, while mature in some segments, continues to expand due to factors such as decreasing production costs, the integration of smart features (like Bluetooth connectivity and mobile app control), and the rising popularity of these scooters for recreational purposes and short-distance commutes in urban areas. Key players are focusing on product innovation, expanding distribution channels, and targeting niche markets to maintain competitive advantage. While regulatory hurdles and safety concerns related to battery technology present challenges, the overall market outlook remains positive, fueled by the growing adoption of micro-mobility solutions globally. Segment-wise, the market is largely divided by scooter type (e.g., two-wheeled, single-wheeled) and application (e.g., personal use, rentals, last-mile delivery). The two-wheeled segment currently dominates, given its stability and accessibility. However, the single-wheeled segment is expected to show stronger growth due to technological improvements and increasing appeal amongst younger demographics. Geographically, Asia Pacific, particularly China, currently holds a significant market share due to substantial manufacturing and strong domestic demand. However, North America and Europe are witnessing significant growth driven by increasing consumer disposable income and urban mobility challenges. The forecast period (2025-2033) suggests continued expansion, although the rate of growth may moderate as the market matures. Companies are investing in research and development to create more advanced and durable products with enhanced safety features to cater to the growing market demand and address existing concerns.

The Hoverboard Balancing Scooter market has witnessed remarkable growth over the past few years, driven by an increasing interest in personal mobility solutions among consumers. Hoverboards, widely popular as self-balancing scooters, provide an innovative and fun way for individuals to navigate urban environments or

The Hoverboard Scooter Market is projected to grow at 5.7% CAGR, reaching $11.19 Billion by 2029. Where is the industry heading next? Get the sample report now!

From 2017 to 2022, more males were admitted to the emergency departments in the United States due to micromobility crashes than females, with 59 and 41 percent respectively. For e-scooter and e-bike injuries , more males were admitted to the emergency department, respectively making up 65 and 76 percent of all those admitted. However, more women were admitted to the emergency department for hoverboard accidents, with 55 percent of cases, while men accounted for only 45 percent for accidents involving that device.