One Wheel Electric Scooter Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The market value of the one-wheel electric scooter market is valued at 335.8 million in 2022, and a CAGR of 8.7% is expected during the forecast period. It is a personal commuter transportation system that is driven on one wheel. It mainly gets power through electrical energy. This personal transportation system is mainly used by Gen Z and millennials across the globe.

The increasing inclination of people to reduce pollution is driving the growth of the market. Such a transportation system is gaining popularity worldwide due to increasing urbanization and industrialization. CNG and electric vehicles have substituted the old vehicles drastically around the globe.

Impact of Covid-19

COVID-19 brought a significant slowdown in the market due to the shift in priorities among the people. Due to supply chain disruptions and physical distancing worldwide, the market had to face a slowdown. After things started to normalize, there was an inclination towards reducing air pollution, so the trend of one-wheel scooter market in urban areas was felt considerably. There was an increase in personal mobility solutions, boosting demand for electric scooters. Supply chain disruptions and economic uncertainties affected production and sales and caused some challenges for the industry. The pandemic accelerated the shift towards individual transportation options. Potentially benefiting the market.

Growth Drivers

·         Urbanization and last mile transportation

·         Environmental Concerns

·         Technological Advancements

·         Popularity of personal mobility devices

·         Innovations and Customization

·         Rise in alternative transportation solutions

As cities grow, the need for efficient, compact, and eco-friendly modes of transportation for short distances increases. A one-wheel electric scooter fits this niche perfectly, offering a convenient solution for the last mile of a commute. With growing awareness of environmental issues, people are opting for greener modes of transportation. Electric scooters, being emission-free, align with this trend, attracting environmentally conscious consumers. Continuous advancements in battery technology and electric motor efficiency have improved the performance and range of one-wheel electric scooter market.

This has boosted their appeal by providing better speed, longer battery life, and enhanced safety features. The increasing popularity of personal mobility devices has contributed to the demand for one-wheel electric scooter market. Consumers are embracing compact, portable, and fun-to-ride vehicles for recreational purposes. Manufacturers are continuously innovating and introducing new features, such as smart phone integration, improved stability control, and customizable options. These innovations attract consumers looking for unique features in products.

The greenhouse effect and increasing carbon monoxide are the biggest threats to our atmosphere. To reduce the effect of air pollution, these vehicles are increasingly working in a positive direction. Technological advancements have increased the popularity of these vehicles, which are speedy and accurate. The on-road capabilities of these vehicles have increased the demand for them worldwide.

Segmentation

 Performance and Features

·         Speed

·         Range

·         Terrain Adaptability

·         Off road capabilities

User Demographics

·         Commuters

·         Adventure Enthusiasts

·         Tech Savvy Individuals

Price Range

·         Low

·         Medium

·         High

Design and Style

·         Sleek Urban Design

·         Rugged Off-road appearance

Brand Focus

·         Special Features

·         Technology

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Europe

·         Middle East and Africa

One Wheel Electric Scooter Market Application Segmentation

On the basis of application, the one-wheel electric scooter market is segmented into off-road activities and daily commutes. Off-road activities are the most lucrative segment. The mobility outlook across the globe is witnessing significant change over the past decade as traditional mobility mediums are replaced with electrically driven solutions.

Electrically driven mobility assures economic, environmental, and technological benefits to attain the optimal solution. Recognized as a cost-effective solution in urban areas, the electric scooter manufacturing process requires minimal energy to manufacture due to the smaller number of parts available and mass production required. Adoption of eco-friendly transports reduces the number of vehicles on the roads. Increasing awareness towards attaining green mobility is expected to drive the growth.

One Wheel Electric Scooter Market Product Type Segmentation

On the basis of product type, the one-wheel electric scooter market is bifurcated into an electric unicycle and an electric one-wheel hoverboard. The electric unicycle is the leading segment and is expected to dominate the market during the forecast period. China is one of the most leading segments in the world, with the maximum production of one-wheel scooters.

China is concerned about air pollution and thus exports the vehicle to the United States and India. By sales channel as well, online sales are expected to dominate the market during the forecast period. One-wheel electric scooters are increasingly demanding. It has become the ultimate solution to last-mile transportation problems. These vehicles are budget-friendly, economical, and have the best performance.

Regional Outlook

On the basis of the regions, the one-wheel electric scooter market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. The one-wheel electric scooter market in the Asia-Pacific region has been steadily growing due to increasing interest in personal electric vehicles. Factors like urbanization, environmental concerns, and a push towards sustainable transportation have contributed to its popularity. Several brands have been gaining traction, with diverse options available.

Due to the surge in needs for eco-friendly and alternative modes of transport, North America has seen significant growth. Brands like Future Motion’s one-wheel have gained popularity, appealing to urban commuters and outdoors enthusiasts. Increasing demand for recreational sports has driven the growth of the market significantly. As more people seek convenient and fun ways to navigate cities or explore off-road terrain, Increasing awareness towards attaining green mobility is driving market growth. China, Japan, and India are the biggest markets. Increasing emphasis on making the environment pollution-free is the demand of time.

In Europe due to increasing disposable income, and rising awareness about creating pollution free atmosphere, the countries like Germany, France, Italy, Spain, and England has emphasized on one-wheel electric scooter market. The market in Europe offers diverse options. Increasing interest in recreational sports have driven the growth in the market significantly. Presence of many a key players in these regions have boosted the growth in the market. Middle East and Africa, and Latin America is witnessing the moderate growth due to poor industrial infrastructure.

Key Players

·         Onewheel

·         Inmotion

·         KingSong

·         Gotway

·         Segway

·         Ninebot

·         Airwheel Holding Limited

·         Future motion INC

·         IPS Electric Unicycle

·         Other Players