One-Wheel Electric Scooter Market: Valued at $130.2 Million in 2019, Projected to Reach $355.5 Million by 2031 with a CAGR of 8.3%

According to a new report published by Allied Market Research, titled, "One Wheel Electric Scooter Market," The one wheel electric scooter market was valued at $130.2 million in 2019, and is estimated to reach $355.5 million by 2031, growing at a CAGR of 8.3% from 2022 to 2031.

𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐬- https://www.alliedmarketresearch.com/one-wheel-electric-scooter-market-A08744

North America dominates the market in terms of revenue, followed by Europe, Asia Pacific, and LAMEA. U.S. led the global one wheel electric scooter market share in 2019, and is expected to grow at a significant rate during the forecast period due to increasing penetration of electric mobility solution, changing urban transportation activities, and rising requirement of portable urban commute solution across the country.

One wheel electric scooter is a personal commuter transportation system driven by one wheel and mainly gets power through electrical energy. One wheel electric scooters are self-balancing mode of transportation with portable design and cost-effective operations. These personal transportation systems are mainly used by millennial and generation Z across the globe. Such transportation system is gaining traction in the urban areas owing to changing outlook of the urban transportation. These types of electric scooters are not entered under specific motor rules and regulations for drive, but increasing number of footpath and individual accidents, these systems have limitations in some countries and are even banned in some countries.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 - https://www.alliedmarketresearch.com/request-sample/A08744

Moreover, leisure and recreational activities have been gaining traction in recent years across the globe as every individual is focusing toward the positive lifestyle for stress management. These recreational activities are gaining momentum and are expected to gain traction in the upcoming years. One wheel electric scooter is widely used for recreational purposes across the globe. The changing public lifestyle and growing health concern are anticipated to support the growth of recreation activities in the recent years. The increase in recreational activities is expected to in turn support the growth of one wheel electric scooter in the near future. Freestyle unicycles are used for tricks and stunt riding. The wheels are smaller for better maneuverability. A cruiser unicycle is a hybrid of a commuter unicycle and a mountain unicycle that has gained popularity in recent years. The increasing adoption of unicycles in various activities such as off-road unicycling, and mountain unicycling is expected to propel the growth of the one wheel electric scooter market

Online sales channel is gaining traction in the global market as e-commerce is becoming a popular sales channel amongst end users. To cater to the changing consumer buying behavior, market players are developing their own e-commerce platforms or providing products through third party e-commerce platforms. Moreover, market players need to analyze the country's regulations and rules regarding driving one wheel electric scooters on roads or footpaths. Product development and expansion of the sales or manufacturing facilities for long-term business opportunities are the key strategies adopted by the participants in the global one wheel electric scooter market.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 - https://www.alliedmarketresearch.com/one-wheel-electric-scooter-market/purchase-options

Moreover, Continual R&D and improvements in battery technology have helped improve the storage capacity and reduce the overall cost of batteries, such as lithium-ion batteries, making them a popular choice for mobile, low-cost devices such as one wheel scooters, hover boards & other means of mobility. In addition, ongoing development of technological advanced battery technologies, such as graphene batteries, solid-state electrolyte batteries, and zinc-manganese oxide batteries, help improve the range of electric vehicles, reduce overall weight, charging time as well as lower the carbon footprints, which is expected to offer lucrative growth opportunities for affordable one wheel electric scooter market.

The one wheel electric scooter rentals companies are expanding at a significant pace. Increasing number of startups are interested in building a successful one wheel electric scooter rental platform with unique offers. Electric scooter enthusiasts and travelers are the main target groups for such one wheel electric scooter rental startups. Electric unicycles are expensive and require riders to put in efforts to learn to ride for their own safety. The cost of owning a one wheel electric scooter such as unicycles, hover boards, and others is high. Therefore, the concept of renting a bike and riding has become popular. The expansion of electric scooter rental companies offers potential opportunities for the growth of the market.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.alliedmarketresearch.com/purchase-enquiry/A08744

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘
By product type, the electric unicycle segment is expected to register significant growth during the forecast period.
On the basis of application, the off-road activities segment is projected to lead the global market in terms of market share.
By sales channel, the online sales segment is expected to register significant CAGR during the forecast period.
By region, Asia-Pacific is expected to register significant CAGR during the forecast period.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :
Airwheel Holding Limited, Changzhou Smilo Motors Co., Ltd., Dongguan Begode Intelligent Technology Co., Ltd., Future Motion Inc., Inmotion Technologies Co., Ltd., Inventist, Inc., IPS Electric Unicycle, King Song Intell Co., Ltd., Ninebot Asia Pte Ltd., Segway Inc., SuperRide, and Swagtron.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :
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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.