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Global Hoverboard Market By Type,
By Application, By Region, Competition
Forecast & Opportunities, 2021
M a r k e t I n t e l l i g e n c e . C o n s u l t i n g
Ta b l e o f C o n t e n t s
2
© TechSci Research
S. No. Contents
1. Product Overview
2. Research Methodology
3. Analyst View
4. Global Hoverboard Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value & Volume
4.2. Market Share & Forecast
4.2.1. By Company
4.2.2. By Region
4.2.3. By Type (6.5 Inch, 8 Inch and 10 Inch)
4.2.4. By Application
4.3. Market Attractive Index (By Region)
4.4. Market Attractive Index (By Hoverboard Type)
5. Global 6.5 Inch Hoverboard Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Application
5.2.2. By Region
6 Global 8 Inch Hoverboard Market Outlook
6.1. Market Size & Forecast
Ta b l e o f C o n t e n t s
3
© TechSci Research
S. No. Contents
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Application
6.2.2. By Region
7. Global 10 Inch Hoverboard Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Application
7.2.2. By Region
8. Asia-Pacific Hoverboard Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Country
8.2.2. By Type
8.2.3. Market Attractive Index (By Country)
8.2.4. Market Attractive Index (By Type)
8.3. Asia-Pacific Country Analysis
8.3.1. China Hoverboard Market Outlook
8.3.1.1 By Value & Volume
8.3.2. Japan Hoverboard Market Outlook
Ta b l e o f C o n t e n t s
4
© TechSci Research
S. No. Contents
8.3.2.1. By Value & Volume
8.3.3. Australia Hoverboard Market Outlook
8.3.3.1 By Value & Volume
8.3.4. Singapore Hoverboard Market Outlook
8.3.4.1 By Value & Volume
8.3.5. Malaysia Hoverboard Market Outlook
8.3.5.1 By Value & Volume
9. North-America Hoverboard Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By Country
9.2.3. Market Attractive Index (By Country)
9.2.4. Market Attractive Index (By Type)
9.3. North America Country Analysis
9.3.1. United States Hoverboard Market Outlook
9.3.1.1 By Value & Volume
9.3.2. Canada Hoverboard Market Outlook
9.3.2.1. By Value & Volume
9.3.3. Mexico Hoverboard Market Outlook
9.3.3.1. By Value & Volume
Ta b l e o f C o n t e n t s
5
© TechSci Research
S. No. Contents
10. Europe Hoverboard Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Country
10.2.2. By Type
10.2.3. Market Attractive Index (By Country)
10.2.4. Market Attractive Index (By Type)
10.3. Europe Country Analysis
10.3.1. United Kingdom Hoverboard Market Outlook
10.3.1.1. By Value & Volume
10.3.2. Germany Hoverboard Market Outlook
10.3.2.1. By Value & Volume
10.3.3. France Hoverboard Market Outlook
10.3.3.1. By Value & Volume
10.3.4. Italy Hoverboard Market Outlook
10.3.4.1. By Value & Volume
10.3.5. Spain Hoverboard Market Outlook
10.3.5.1. By Value & Volume
Ta b l e o f C o n t e n t s
6
© TechSci Research
S. No. Contents
11. South America Hoverboard Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value & Volume
11.2. Market Share & Forecast
11.2.1. By Country
11.2.2. By Type
11.2.3. Market Attractive Index (By Country)
11.2.4. Market Attractive Index (By Type)
11.3. South America Country Analysis
11.3.1. Brazil Hoverboard Market Outlook
11.3.1.1. By Value & Volume
11.3.2. Argentina Hoverboard Market Outlook
11.3.2.1. By Value & Volume
11.3.3. Colombia Hoverboard Market Outlook
11.3.3.1. By Value & Volume
12. Rest of World (ROW) Hoverboard Market Outlook
12.1. Market Size & Forecast
12.1.1. By Value & Volume
12.2. Market Share & Forecast
12.2.1. By Country
Ta b l e o f C o n t e n t s
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© TechSci Research
S. No. Contents
12.2.2. By Type
12.2.3. Market Attractive Index (By Country)
12.2.4. Market Attractive Index (By Type)
12.3. Rest of World (ROW) Country Analysis
12.3.1. Saudi Arabia Hoverboard Market Outlook
12.3.1.1. By Value & Volume
12.3.2. United Arab Emirates Hoverboard Market Outlook
12.3.2.1. By Value & Volume
12.3.3. Russia Hoverboard Market Outlook
12.3.3.1. By Value & Volume
12.3.4. Turkey Hoverboard Market Outlook
12.3.4.1. By Value & Volume
13. Market Dynamics
13.1. Drivers
13.2. Challenges
14. Market Trends and Developments
14.1. Dominance of Chinese Hoverboards
14.2. Low Spending on Advertising
14.3. Widening End User Applications
14.4. Expanding Supply Chain Network
Ta b l e o f C o n t e n t s
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© TechSci Research
S. No. Contents
14.5. Addition of Supplement Features
14.6. Increasing Online Sales
14.7. Tie-Ups with Consumer Electronic Companies
14.8. Introduction of Custom Models
14.9. Growing Popularity of 10 Inch Hoverboards
14.10. Declining Prices of Hoverboards
15. Policy & Regulatory Landscape
16. Competitive Landscape
16.1. Razor USA, LLC
16.2. Ninebot Limited
16.3. The White Chair Limited
16.4. Shenzhen Jialike Electronic Company Ltd.
16.5. Hangzhou Chic Intelligent Technology Co., Ltd.
16.6. Shenzhen Rooder Technology Co., Ltd.
16.7. Wuyi Chuangxin Metal Tools Co., Ltd.
16.8. Zhejiang Topso Technology Co., Ltd.
16.9. Inventist, Inc.
16.10. Airwheel Technology Holding (USA) Co., Ltd.
16.11. Fosjoas Technology Co., Ltd.
16.12. Hoverboard Express, LLC
16.13. Shenzhen Uwheel Technology Co., Ltd.
16.14. Swagway LLC
Ta b l e o f C o n t e n t s
9
© TechSci Research
S. No. Contents
16.15. Shenzhen Freefeet Technology Co. Ltd.
16.16. PTX Performance Products USA, LLC
16.17. Phunkee Tree, Inc.
16.18. Zhengzhou F-wheel Industrial Co., Ltd.
16.19. Soibatian Corporation d.b.a. IO HAWK
16.20. Hama GmbH & Co KG
17. Strategic Recommendation
18. Competitive Landscape
P r o d u c t O v e r v i e w
Vehicle Segment Sub-Segment Customer Segment
Hoverboard / Self-
Balancing Scooter
Recreational Activities
Individuals
Business Purposes
Personal Mobility Device (PMD)
Others
Hoverboard is a battery operated, two-wheeled self-balancing device used for
personal transportation. It is also referred to as a self-balancing electric scooter, or
electric skateboard, or hands-free Segway (traditional Segway's with handles are
not included in this definition). The rider or operator stands on a platform with both
feet and uses their body weight to control the movement of hoverboard.
Classification According to Application
Product Definition
Vehicle Segment Sub-Segment Customer Segment
Hoverboard / Self-
Balancing Scooter
6.5 Inch Hoverboard
Individuals8 Inch Hoverboard
10 Inch Hoverboard
Classification According to Type
10
© TechSci Research
11
© TechSci Research
R e s e a r c h M e t h o d o l o g y
A
C
B
Primary
Research
Company
Analysis
Desk
Research
 Identifying Key Opinion
Leaders
 Questionnaire Design
 In-depth Interviews
 Market Participants
 Key Strengths

 Recent
Developments
 Market Changing
Aspects/Dynamics
 Government
Policies
 Final Conclusion
 LinkedIn
 TechSci Internal
database
 Factiva
 Hoovers
Paid Sources
 Company Website
 Company Annual
Reports
 White Paper Study
 Financial Reports
 Investor
Presentations
 Regulatory Body,
 Associations, etc.
Secondary
Research
Primary
Research
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
•In-depth secondary research was used to
determine top players in global hoverboard
market, overall market size and to identify top
hoverboard manufactures.
Market Profiling
•In order to conduct interviews with the KOLs,
TechSci Research formulated a detailed
questionnaire.
Formulating Questionnaire
•List of industry players (manufacturers),
distributors, retailers, and industry specialists
was developed.
Developing list of respondents
•TechSci Research conducted interviews with
industry experts, industry players, for data
collection and verification.
Data Collection
•Data obtained as a result of primary and
secondary research was validated through
rigorous triangulation.
Data Validation
•The data was scrutinized using MS-Excel and
statistical tools such as Time Series analysis etc.
to obtain qualitative and quantitative insights
about the global hoverboard market.
Data Analysis
12
© TechSci Research
R e s e a r c h M e t h o d o l o g y
Baseline Methodology:
For the study, TechSci Research has gathered information through primary research surveys with leading
hoverboard companies operating across the globe, and subsequently verified information from major
dealers/distributors of hoverboards. We also put through an exhaustive search of credible paid databases such as
Business Week, Factiva, Hoovers, etc., including our internal database. Our team of analysts has then prudently
evaluated all the collected information and presented the same in chronological order to depict a meaningful and
clear picture of global hoverboard market.
While compiling the data, we have also cross checked all the collected information from multiple sources and data
warehouses, so as to present the most accurate and precise information of the concerned industry. We use
innovative business model that focuses on improving productivity, which ensuring creation of high-quality reports.
The reports are prepared with in-depth primary research, followed by exhaustive secondary research.
Sampling Technique:
While conducting the study, TechSci Research followed the stratified random sampling technique to shortlist the
KOLs (Key Opinion Leaders) in various hoverboard manufacturing companies across the globe. KOLs based out of
prominent hoverboard companies in the specific countries were interviewed to identify the size of the global
hoverboard market.
Sample Size:
KOL No. of Respondents
Mid to Senior Management / Sales Managers etc.:
Hoverboard Companies - Globally
20
Dealers/Distributors/Retailers 20
Experts from Industry/Associations 10
Total 50
13
© TechSci Research
R e s e a r c h M e t h o d o l o g y
Market Size Calculation Technique:
Primary Research
For the preparation of global hoverboard report, bottom up model has been used, which has been later cross
validated by using top down approach. TechSci Research interviewed Senior Managers and Regional Managers of
the prominent hoverboard companies using Delphi technique for calculating the market size of the global
hoverboard market. Respondents were also asked about the current and the future growth rates, market share
by hoverboard type as well as by applications, across various categories of the hoverboards. All the information
gathered was carefully analyzed. Data points which exhibited high deviations from the majority estimates were
eliminated as outliers and the remaining refined data points were put together to arrive at the value and volume
data.
Primary Research – Companies/Dealers/Distributors Interviewed
S. No. Companies/Dealers/Distributor Names
1. Airwheel Technology Holding (USA) Co., Ltd.
2. Ninebot Limited
3 The White Chair Limited
4. Shenzhen Jialike Electronic Co., Ltd.
5. Soibatian Corporation
6. Zhengzhou F-wheel Industrial Co., Ltd
7. Hangzhou Chic Intelligent Technology
8. Hama GmbH
9. Inventist Inc.
14
© TechSci Research
R e s e a r c h M e t h o d o l o g y
Secondary Research
We put through an exhaustive search of credible paid databases such as Factiva, Hoovers, etc., in addition to our
internal database. Further analyses of credible publications, white papers, company’s annual reports, investor
presentations, news articles, etc. were also analysed to cross validate the end findings derived from primary
research.
Few Sources of Secondary Research
Forecasting Technique:
The team developed forecast on the basis of Econometric and judgemental analysis in addition to statistical
techniques such as averaging, and geometric mean. During primary research interviews, respondents were asked
about the current and the future growth rates, market share by hoverboard type as well as by application type,
across various categories of the hoverboards. In order to forecast the global hoverboard market, following forecast
techniques were used such as:
• Moving Average
• Time Series Analysis
• Econometric and Judgmental Analysis
S. No. Secondary Sources
1. Australian Competition & Consumer Commission
2. Crown Prosecution Services, United Kingdom
3. Consumer Product Safety Commission, United States
4. University of California
5. United States International Trade Commission
6. Underwriters Laboratory
I n d u s t r y B r i e f
15
Hoverboard Market to Surpass $1.8 Bn by 2021
Expanding youth population, coupled with increasing adoption of hoverboards for personal mobility and
recreational activities set to propel sales of hoverboards till 2021
According to TechSci Research report, “Global Hoverboard Market By Type, By Application, By Region,
Competition Forecast & Opportunities, 2015-2021”, global hoverboard market is projected to surpass $1.8
billion by 2021, on account of rising demand for hoverboards from several countries in European, Asia-Pacific
and Americas. Moreover, about 30% of Chinese population, 31% of the United States population, 22% of
German population, 30% of French population, and 38% of Brazilian population fall in the age group of 0-25
years, thus expanding youth population across the globe is further anticipated to fuel demand for hoverboards
during the forecast period.
Hoverboards can be segmented on the basis of wheels used into 6, 8 and 10.5 inch hoverboards, out of which
6.5 inch hoverboard dominated global hoverboards market in 2015, and same trend is further anticipated to
continue during the forecast period, on account of its low price and easy availability. Moreover, Asia-Pacific
region accounted for largest share in global hoverboard market in 2015, and the region is forecast to dominate
during the forecast period as well, on account of huge markets for hoverboards in countries such as China,
Japan, Australia, Singapore, Malaysia, coupled with China emerging as one of the most prominent
manufacturer for hoverboards.
“Global hoverboard market is expected attract a number of consumer from various countries in European,
North American, Asia-Pacific region in coming years, owing to shifting consumer interest towards use of
hoverboards as personal mobility devices. Moreover, declining average selling price of hoverboards are further
expected to fuel demand for hoverboards across the globe during the forecast period.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management consulting firm.
100 90 80 70 60 50 40
1000
900
800
700
600
500
400
2015 2016E 2017F 2018F 2019F 2020F 2021F
Value (USD Million) Volume (Thousand Units)
S a m p l e D a t a - S n a p s h o t
16
© TechSci Research
Global Hoverboard Market Size, By Value (USD Million), By
Volume (Thousand Units), 2015-2021F
Source:XXXXX
Note: These are dummy figures; please purchase our report for actual data
Global Hoverboard Market Share, By Region, 2015-2021F
10% 10% 10% 10% 10% 10% 10%
20% 20% 20% 20% 20% 20% 20%
15% 15% 15% 15% 15% 15% 15%
25% 25% 25% 25% 25% 25% 25%
30% 30% 30% 30% 30% 30% 30%
2015 2016E 2017F 2018F 2019F 2020F 2021F
Asia-Pacific North America Europe
Rest of World* South America
Global Hoverboard Market Attractiveness
Index, By Region, By Volume, 2015
0.00%
0.20%
0.40%
0.60%
0.80%
1.00%
1.20%
0.00 1.00 2.00 3.00 4.00 5.00 6.00
South
America
Asia-
Pacific
North
America
Europe
Rest of
World
10% 10% 10% 10% 10% 10% 10%
30% 30% 30% 30% 30% 30% 30%
60% 60% 60% 60% 60% 60% 60%
2015 2016E 2017F 2018F 2019F 2020F 2021F
6.5 Inch 10 Inch 8 Inch
Global Hoverboard Market Share, By Type,
By Volume 2015-2021F
Asia-Pacific Hoverboard Market Attractiveness
Index, By Type, By Volume, 2015
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
3.50%
0.00 1.00 2.00 3.00 4.00
8 inch Wheel
Size
6.5 inch
Wheel Size
10 inch
Wheel Size
Global 8 Inch Hoverboard Market Share,
By Region, By Volume, 2015-2021F
10% 10% 10% 10% 10% 10% 10%
20% 20% 20% 20% 20% 20% 20%
30% 30% 30% 30% 30% 30% 30%
15% 15% 15% 15% 15% 15% 15%
25% 25% 25% 25% 25% 25% 25%
2015 2016E 2017F 2018F 2019F 2020F 2021F
Asia-Pacific North America Europe Rest of World* South America
R e p o r t O r d e r i n g
To View Sample OR Purchase Report
Report Price
Report Name: Global Hoverboard Market By Type, By Application,
By Region, Competition Forecast & Opportunities, 2021
License Type Price
Electronic Access - Single User License $4000
CD-ROM Mail Delivery $4500
Hard Copy Mail Delivery $5000
Electronic Access - Multi-User License $10000
17
A b o u t U s & D i s c l a i m e r
18
© TechSci Research
TechSci Research – North America
708 Third Avenue, Manhattan,
New York, United States
Tel: +1- 646- 360- 1656
Email: sales@techsciresearch.com
www.techsciresearch.com
About Us:
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides
market research reports in a number of areas to organizations. The company uses innovative business models that focus on improved
productivity, and also ensures the creation of high-quality reports. The proprietary forecasting models use various analyses of both
industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional
and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich
evaluation of the opportunities available in the market.
Related Reports:
• Global Autonomous Car Technology Market Forecast and Opportunities, 2035 – ADAS, Semi-
Autonomous, Fully-Autonomous
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Type Competition Forecast and Opportunities, 2011 - 2021
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Partial List of Clients:
Disclaimer:
The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that
it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources
including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any
information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it
has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change
without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of
the same for purpose other than internal will require prior approval of TechSci Research.
TechSci Research – Europe
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Peterborough,
United Kingdom
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Global Hoverboard Market Forecast 2021 - brochure

  • 1. Global Hoverboard Market By Type, By Application, By Region, Competition Forecast & Opportunities, 2021 M a r k e t I n t e l l i g e n c e . C o n s u l t i n g
  • 2. Ta b l e o f C o n t e n t s 2 © TechSci Research S. No. Contents 1. Product Overview 2. Research Methodology 3. Analyst View 4. Global Hoverboard Market Outlook 4.1. Market Size & Forecast 4.1.1. By Value & Volume 4.2. Market Share & Forecast 4.2.1. By Company 4.2.2. By Region 4.2.3. By Type (6.5 Inch, 8 Inch and 10 Inch) 4.2.4. By Application 4.3. Market Attractive Index (By Region) 4.4. Market Attractive Index (By Hoverboard Type) 5. Global 6.5 Inch Hoverboard Market Outlook 5.1. Market Size & Forecast 5.1.1. By Value & Volume 5.2. Market Share & Forecast 5.2.1. By Application 5.2.2. By Region 6 Global 8 Inch Hoverboard Market Outlook 6.1. Market Size & Forecast
  • 3. Ta b l e o f C o n t e n t s 3 © TechSci Research S. No. Contents 6.1.1. By Value & Volume 6.2. Market Share & Forecast 6.2.1. By Application 6.2.2. By Region 7. Global 10 Inch Hoverboard Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value & Volume 7.2. Market Share & Forecast 7.2.1. By Application 7.2.2. By Region 8. Asia-Pacific Hoverboard Market Outlook 8.1. Market Size & Forecast 8.1.1. By Value & Volume 8.2. Market Share & Forecast 8.2.1. By Country 8.2.2. By Type 8.2.3. Market Attractive Index (By Country) 8.2.4. Market Attractive Index (By Type) 8.3. Asia-Pacific Country Analysis 8.3.1. China Hoverboard Market Outlook 8.3.1.1 By Value & Volume 8.3.2. Japan Hoverboard Market Outlook
  • 4. Ta b l e o f C o n t e n t s 4 © TechSci Research S. No. Contents 8.3.2.1. By Value & Volume 8.3.3. Australia Hoverboard Market Outlook 8.3.3.1 By Value & Volume 8.3.4. Singapore Hoverboard Market Outlook 8.3.4.1 By Value & Volume 8.3.5. Malaysia Hoverboard Market Outlook 8.3.5.1 By Value & Volume 9. North-America Hoverboard Market Outlook 9.1. Market Size & Forecast 9.1.1. By Value & Volume 9.2. Market Share & Forecast 9.2.1. By Type 9.2.2. By Country 9.2.3. Market Attractive Index (By Country) 9.2.4. Market Attractive Index (By Type) 9.3. North America Country Analysis 9.3.1. United States Hoverboard Market Outlook 9.3.1.1 By Value & Volume 9.3.2. Canada Hoverboard Market Outlook 9.3.2.1. By Value & Volume 9.3.3. Mexico Hoverboard Market Outlook 9.3.3.1. By Value & Volume
  • 5. Ta b l e o f C o n t e n t s 5 © TechSci Research S. No. Contents 10. Europe Hoverboard Market Outlook 10.1. Market Size & Forecast 10.1.1. By Value & Volume 10.2. Market Share & Forecast 10.2.1. By Country 10.2.2. By Type 10.2.3. Market Attractive Index (By Country) 10.2.4. Market Attractive Index (By Type) 10.3. Europe Country Analysis 10.3.1. United Kingdom Hoverboard Market Outlook 10.3.1.1. By Value & Volume 10.3.2. Germany Hoverboard Market Outlook 10.3.2.1. By Value & Volume 10.3.3. France Hoverboard Market Outlook 10.3.3.1. By Value & Volume 10.3.4. Italy Hoverboard Market Outlook 10.3.4.1. By Value & Volume 10.3.5. Spain Hoverboard Market Outlook 10.3.5.1. By Value & Volume
  • 6. Ta b l e o f C o n t e n t s 6 © TechSci Research S. No. Contents 11. South America Hoverboard Market Outlook 11.1. Market Size & Forecast 11.1.1. By Value & Volume 11.2. Market Share & Forecast 11.2.1. By Country 11.2.2. By Type 11.2.3. Market Attractive Index (By Country) 11.2.4. Market Attractive Index (By Type) 11.3. South America Country Analysis 11.3.1. Brazil Hoverboard Market Outlook 11.3.1.1. By Value & Volume 11.3.2. Argentina Hoverboard Market Outlook 11.3.2.1. By Value & Volume 11.3.3. Colombia Hoverboard Market Outlook 11.3.3.1. By Value & Volume 12. Rest of World (ROW) Hoverboard Market Outlook 12.1. Market Size & Forecast 12.1.1. By Value & Volume 12.2. Market Share & Forecast 12.2.1. By Country
  • 7. Ta b l e o f C o n t e n t s 7 © TechSci Research S. No. Contents 12.2.2. By Type 12.2.3. Market Attractive Index (By Country) 12.2.4. Market Attractive Index (By Type) 12.3. Rest of World (ROW) Country Analysis 12.3.1. Saudi Arabia Hoverboard Market Outlook 12.3.1.1. By Value & Volume 12.3.2. United Arab Emirates Hoverboard Market Outlook 12.3.2.1. By Value & Volume 12.3.3. Russia Hoverboard Market Outlook 12.3.3.1. By Value & Volume 12.3.4. Turkey Hoverboard Market Outlook 12.3.4.1. By Value & Volume 13. Market Dynamics 13.1. Drivers 13.2. Challenges 14. Market Trends and Developments 14.1. Dominance of Chinese Hoverboards 14.2. Low Spending on Advertising 14.3. Widening End User Applications 14.4. Expanding Supply Chain Network
  • 8. Ta b l e o f C o n t e n t s 8 © TechSci Research S. No. Contents 14.5. Addition of Supplement Features 14.6. Increasing Online Sales 14.7. Tie-Ups with Consumer Electronic Companies 14.8. Introduction of Custom Models 14.9. Growing Popularity of 10 Inch Hoverboards 14.10. Declining Prices of Hoverboards 15. Policy & Regulatory Landscape 16. Competitive Landscape 16.1. Razor USA, LLC 16.2. Ninebot Limited 16.3. The White Chair Limited 16.4. Shenzhen Jialike Electronic Company Ltd. 16.5. Hangzhou Chic Intelligent Technology Co., Ltd. 16.6. Shenzhen Rooder Technology Co., Ltd. 16.7. Wuyi Chuangxin Metal Tools Co., Ltd. 16.8. Zhejiang Topso Technology Co., Ltd. 16.9. Inventist, Inc. 16.10. Airwheel Technology Holding (USA) Co., Ltd. 16.11. Fosjoas Technology Co., Ltd. 16.12. Hoverboard Express, LLC 16.13. Shenzhen Uwheel Technology Co., Ltd. 16.14. Swagway LLC
  • 9. Ta b l e o f C o n t e n t s 9 © TechSci Research S. No. Contents 16.15. Shenzhen Freefeet Technology Co. Ltd. 16.16. PTX Performance Products USA, LLC 16.17. Phunkee Tree, Inc. 16.18. Zhengzhou F-wheel Industrial Co., Ltd. 16.19. Soibatian Corporation d.b.a. IO HAWK 16.20. Hama GmbH & Co KG 17. Strategic Recommendation 18. Competitive Landscape
  • 10. P r o d u c t O v e r v i e w Vehicle Segment Sub-Segment Customer Segment Hoverboard / Self- Balancing Scooter Recreational Activities Individuals Business Purposes Personal Mobility Device (PMD) Others Hoverboard is a battery operated, two-wheeled self-balancing device used for personal transportation. It is also referred to as a self-balancing electric scooter, or electric skateboard, or hands-free Segway (traditional Segway's with handles are not included in this definition). The rider or operator stands on a platform with both feet and uses their body weight to control the movement of hoverboard. Classification According to Application Product Definition Vehicle Segment Sub-Segment Customer Segment Hoverboard / Self- Balancing Scooter 6.5 Inch Hoverboard Individuals8 Inch Hoverboard 10 Inch Hoverboard Classification According to Type 10 © TechSci Research
  • 11. 11 © TechSci Research R e s e a r c h M e t h o d o l o g y A C B Primary Research Company Analysis Desk Research  Identifying Key Opinion Leaders  Questionnaire Design  In-depth Interviews  Market Participants  Key Strengths   Recent Developments  Market Changing Aspects/Dynamics  Government Policies  Final Conclusion  LinkedIn  TechSci Internal database  Factiva  Hoovers Paid Sources  Company Website  Company Annual Reports  White Paper Study  Financial Reports  Investor Presentations  Regulatory Body,  Associations, etc. Secondary Research Primary Research Data Collection Data Filter & Analysis Research & Intelligence Actionable Insights Business Solution •In-depth secondary research was used to determine top players in global hoverboard market, overall market size and to identify top hoverboard manufactures. Market Profiling •In order to conduct interviews with the KOLs, TechSci Research formulated a detailed questionnaire. Formulating Questionnaire •List of industry players (manufacturers), distributors, retailers, and industry specialists was developed. Developing list of respondents •TechSci Research conducted interviews with industry experts, industry players, for data collection and verification. Data Collection •Data obtained as a result of primary and secondary research was validated through rigorous triangulation. Data Validation •The data was scrutinized using MS-Excel and statistical tools such as Time Series analysis etc. to obtain qualitative and quantitative insights about the global hoverboard market. Data Analysis
  • 12. 12 © TechSci Research R e s e a r c h M e t h o d o l o g y Baseline Methodology: For the study, TechSci Research has gathered information through primary research surveys with leading hoverboard companies operating across the globe, and subsequently verified information from major dealers/distributors of hoverboards. We also put through an exhaustive search of credible paid databases such as Business Week, Factiva, Hoovers, etc., including our internal database. Our team of analysts has then prudently evaluated all the collected information and presented the same in chronological order to depict a meaningful and clear picture of global hoverboard market. While compiling the data, we have also cross checked all the collected information from multiple sources and data warehouses, so as to present the most accurate and precise information of the concerned industry. We use innovative business model that focuses on improving productivity, which ensuring creation of high-quality reports. The reports are prepared with in-depth primary research, followed by exhaustive secondary research. Sampling Technique: While conducting the study, TechSci Research followed the stratified random sampling technique to shortlist the KOLs (Key Opinion Leaders) in various hoverboard manufacturing companies across the globe. KOLs based out of prominent hoverboard companies in the specific countries were interviewed to identify the size of the global hoverboard market. Sample Size: KOL No. of Respondents Mid to Senior Management / Sales Managers etc.: Hoverboard Companies - Globally 20 Dealers/Distributors/Retailers 20 Experts from Industry/Associations 10 Total 50
  • 13. 13 © TechSci Research R e s e a r c h M e t h o d o l o g y Market Size Calculation Technique: Primary Research For the preparation of global hoverboard report, bottom up model has been used, which has been later cross validated by using top down approach. TechSci Research interviewed Senior Managers and Regional Managers of the prominent hoverboard companies using Delphi technique for calculating the market size of the global hoverboard market. Respondents were also asked about the current and the future growth rates, market share by hoverboard type as well as by applications, across various categories of the hoverboards. All the information gathered was carefully analyzed. Data points which exhibited high deviations from the majority estimates were eliminated as outliers and the remaining refined data points were put together to arrive at the value and volume data. Primary Research – Companies/Dealers/Distributors Interviewed S. No. Companies/Dealers/Distributor Names 1. Airwheel Technology Holding (USA) Co., Ltd. 2. Ninebot Limited 3 The White Chair Limited 4. Shenzhen Jialike Electronic Co., Ltd. 5. Soibatian Corporation 6. Zhengzhou F-wheel Industrial Co., Ltd 7. Hangzhou Chic Intelligent Technology 8. Hama GmbH 9. Inventist Inc.
  • 14. 14 © TechSci Research R e s e a r c h M e t h o d o l o g y Secondary Research We put through an exhaustive search of credible paid databases such as Factiva, Hoovers, etc., in addition to our internal database. Further analyses of credible publications, white papers, company’s annual reports, investor presentations, news articles, etc. were also analysed to cross validate the end findings derived from primary research. Few Sources of Secondary Research Forecasting Technique: The team developed forecast on the basis of Econometric and judgemental analysis in addition to statistical techniques such as averaging, and geometric mean. During primary research interviews, respondents were asked about the current and the future growth rates, market share by hoverboard type as well as by application type, across various categories of the hoverboards. In order to forecast the global hoverboard market, following forecast techniques were used such as: • Moving Average • Time Series Analysis • Econometric and Judgmental Analysis S. No. Secondary Sources 1. Australian Competition & Consumer Commission 2. Crown Prosecution Services, United Kingdom 3. Consumer Product Safety Commission, United States 4. University of California 5. United States International Trade Commission 6. Underwriters Laboratory
  • 15. I n d u s t r y B r i e f 15 Hoverboard Market to Surpass $1.8 Bn by 2021 Expanding youth population, coupled with increasing adoption of hoverboards for personal mobility and recreational activities set to propel sales of hoverboards till 2021 According to TechSci Research report, “Global Hoverboard Market By Type, By Application, By Region, Competition Forecast & Opportunities, 2015-2021”, global hoverboard market is projected to surpass $1.8 billion by 2021, on account of rising demand for hoverboards from several countries in European, Asia-Pacific and Americas. Moreover, about 30% of Chinese population, 31% of the United States population, 22% of German population, 30% of French population, and 38% of Brazilian population fall in the age group of 0-25 years, thus expanding youth population across the globe is further anticipated to fuel demand for hoverboards during the forecast period. Hoverboards can be segmented on the basis of wheels used into 6, 8 and 10.5 inch hoverboards, out of which 6.5 inch hoverboard dominated global hoverboards market in 2015, and same trend is further anticipated to continue during the forecast period, on account of its low price and easy availability. Moreover, Asia-Pacific region accounted for largest share in global hoverboard market in 2015, and the region is forecast to dominate during the forecast period as well, on account of huge markets for hoverboards in countries such as China, Japan, Australia, Singapore, Malaysia, coupled with China emerging as one of the most prominent manufacturer for hoverboards. “Global hoverboard market is expected attract a number of consumer from various countries in European, North American, Asia-Pacific region in coming years, owing to shifting consumer interest towards use of hoverboards as personal mobility devices. Moreover, declining average selling price of hoverboards are further expected to fuel demand for hoverboards across the globe during the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
  • 16. 100 90 80 70 60 50 40 1000 900 800 700 600 500 400 2015 2016E 2017F 2018F 2019F 2020F 2021F Value (USD Million) Volume (Thousand Units) S a m p l e D a t a - S n a p s h o t 16 © TechSci Research Global Hoverboard Market Size, By Value (USD Million), By Volume (Thousand Units), 2015-2021F Source:XXXXX Note: These are dummy figures; please purchase our report for actual data Global Hoverboard Market Share, By Region, 2015-2021F 10% 10% 10% 10% 10% 10% 10% 20% 20% 20% 20% 20% 20% 20% 15% 15% 15% 15% 15% 15% 15% 25% 25% 25% 25% 25% 25% 25% 30% 30% 30% 30% 30% 30% 30% 2015 2016E 2017F 2018F 2019F 2020F 2021F Asia-Pacific North America Europe Rest of World* South America Global Hoverboard Market Attractiveness Index, By Region, By Volume, 2015 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 0.00 1.00 2.00 3.00 4.00 5.00 6.00 South America Asia- Pacific North America Europe Rest of World 10% 10% 10% 10% 10% 10% 10% 30% 30% 30% 30% 30% 30% 30% 60% 60% 60% 60% 60% 60% 60% 2015 2016E 2017F 2018F 2019F 2020F 2021F 6.5 Inch 10 Inch 8 Inch Global Hoverboard Market Share, By Type, By Volume 2015-2021F Asia-Pacific Hoverboard Market Attractiveness Index, By Type, By Volume, 2015 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 0.00 1.00 2.00 3.00 4.00 8 inch Wheel Size 6.5 inch Wheel Size 10 inch Wheel Size Global 8 Inch Hoverboard Market Share, By Region, By Volume, 2015-2021F 10% 10% 10% 10% 10% 10% 10% 20% 20% 20% 20% 20% 20% 20% 30% 30% 30% 30% 30% 30% 30% 15% 15% 15% 15% 15% 15% 15% 25% 25% 25% 25% 25% 25% 25% 2015 2016E 2017F 2018F 2019F 2020F 2021F Asia-Pacific North America Europe Rest of World* South America
  • 17. R e p o r t O r d e r i n g To View Sample OR Purchase Report Report Price Report Name: Global Hoverboard Market By Type, By Application, By Region, Competition Forecast & Opportunities, 2021 License Type Price Electronic Access - Single User License $4000 CD-ROM Mail Delivery $4500 Hard Copy Mail Delivery $5000 Electronic Access - Multi-User License $10000 17
  • 18. A b o u t U s & D i s c l a i m e r 18 © TechSci Research TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com About Us: TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on improved productivity, and also ensures the creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports: • Global Autonomous Car Technology Market Forecast and Opportunities, 2035 – ADAS, Semi- Autonomous, Fully-Autonomous • US Automotive Brake Pads, Shoes and Linings Market, By Vehicle Type, By Demand Category, By Brake Type Competition Forecast and Opportunities, 2011 - 2021 • China Tyre Market Forecast and Opportunities, 2020 • Global Automotive Battery Market Forecast and Opportunities, 2019 Partial List of Clients: Disclaimer: The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research. TechSci Research – Europe 54, Oldbrook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector -57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com