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.
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https://www.techsciresearch.com/report/global-hoverboard-market-by-hoverboard-type-wheel-size-6-5-inch-8-inch-and-10-inch-by-region-north-america-south-america-europe-asia-pacific-and-rest-of-the-world-competition-forecast-opportunities-2021/752.html
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.
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“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.
“Global Hoverboard Market By Type, By Application,
By Region, Competition Forecast & Opportunities, 2015-2021” has analysed potential of
global hoverboards market, and provides statistics and information on market
sizes, shares and trends. The report would suffice in providing intending
clients with cutting-edge market intelligence, to help them in taking sound
investment decisions. Besides, the report also identifies and analyses emerging
trends along with essential drivers and key challenges faced by global
hoverboards market.
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