Hoverboard Market Size & Share Analysis - Growth Trends And Forecast (2024 - 2031)

By Type;

Single Wheel and Double Wheel

By Wheel Size;

6.5 Inches, 8 Inches and 10 Inches & Above

By Application;

Recreational, Personal Mobility, Commercial and Others

By Distribution Channel;

Online and Offline

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn321743317 Published Date: December, 2025 Updated Date: February, 2026

Hoverboard Market Overview

Hoverboard Market (USD Million)

Hoverboard Market was valued at USD 955.29 million in the year 2024. The size of this market is expected to increase to USD 1,455.49 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.2%.


Hoverboard Market

*Market size in USD million

CAGR 6.2 %


Study Period2026 - 2032
Base Year2025
CAGR (%)6.2 %
Market Size (2025)USD 955.29 Million
Market Size (2032)USD 1,455.49 Million
Market ConcentrationMedium
Report Pages363
955.29
2025
1,455.49
2032

Major Players

  • Razor USA LLC
  • The White Chair Limited
  • Ninebot Limited
  • Hangzhou Chic Intelligent Technology Co., Ltd.
  • Shenzhen Jialike Electronic Company Ltd.
  • Wuyi Chuangxin Metal Tools Co. Ltd.
  • Shenzhen Rooder Technology Co., Ltd.
*Competitors List Not Exhaustive

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Hoverboard Market

Fragmented - Highly competitive market without dominant players


Hoverboard Market is rapidly evolving as consumers adopt these devices for urban commuting and entertainment purposes. With demand rising by about 30%, hoverboards are becoming an attractive solution for short-distance travel. Their compact structure, energy efficiency, and modern appeal contribute to their growing popularity.

Key Drivers Accelerating Growth
Sustainability trends are reshaping demand, as nearly 40% of buyers choose hoverboards for their eco-friendly features. Additionally, the growing enthusiasm among younger users, who view hoverboards as both recreational devices and practical commuting tools, adds momentum to market expansion.

Advancements Enhancing Market Appeal
New technologies such as smart sensors, Bluetooth integration, and enhanced battery systems have boosted hoverboard performance and safety. Roughly 45% of new launches incorporate intelligent features that deliver stability, durability, and interactive experiences, elevating their value beyond traditional personal mobility.

Strategies Supporting Expansion
Industry players are prioritizing collaborations, product innovations, and customized models to capture a larger consumer base. Over 35% of companies are investing in partnerships and technology-driven upgrades, ensuring hoverboards stay competitive in the lifestyle and mobility markets.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. \Market Snapshot, By Wheel Size
    3. Market Snapshot, By Application
    4. Market Snapshot, By Distribution Channel
    5. Market Snapshot, By Region
  4. Hoverboard Market Forces
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing popularity among youth
        2. Rise in eco-friendly commuting solutions
        3. Expansion of online retail channels
        4. Adoption in commercial spaces
      2. Restraints
        1. Issues with product quality & reliability
        2. Risk of accidents & injuries
        3. Lack of standardized safety guidelines
      3. Opportunities
        1. Focus on sustainable & eco-friendly features
        2. Integration of smart technology & IoT
        3. Expansion of rental & sharing services
        4. Customization & personalization trends
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Hoverboard Market, By Type, 2021 - 2031 (USD Million)
      1. Single-Wheel
      2. Double-Wheel
    2. Hoverboard Market, By Wheel Size, 2021 - 2031 (USD Million)
      1. 6.5 Inches
      2. 8 Inches
      3. 10 Inches & Above
    3. Hoverboard Market, By Application, 2021 - 2031 (USD Million)
      1. Recreational
      2. Personal Mobility
      3. Commercial
      4. Others
    4. Hoverboard Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Online
      2. Offline
    5. Hoverboard Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. Segway-Ninebot
      2. Razor USA LLC
      3. Swagtron
      4. Hover-1
      5. HaloBoard
      6. TOMOLOO Technology Industrial Co. Ltd.
      7. Airwheel Technology Co. Ltd.
      8. Gyroor Technology Co. Ltd.
      9. Jetson Electric Bikes LLC
      10. EPIKGO
      11. Skque Products
      12. Megawheels
      13. Nilox
      14. XtremepowerUS
      15. Chic Robotics Co. Ltd.
  7. Analyst Views
  8. Future Outlook of the Market