Hoverboard Scooter Market Report 2026

The hoverboard scooter market size has grown steadily in recent years. It will grow from $8.86 billion in 2025 to $9.29 billion in 2026 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to urban mobility challenges, early self balancing technology adoption, popularity among youth consumers, declining battery costs, expansion of online retail channels.

The hoverboard scooter market size is expected to see strong growth in the next few years. It will grow to $11.67 billion in 2030 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to micro mobility adoption growth, advancements in lithium battery safety, smart connectivity integration, rising recreational mobility demand, expansion into emerging markets. Major trends in the forecast period include rising demand for personal micro mobility, compact and lightweight device designs, improved battery safety features, growth of connected hoverboards, increasing youth and recreational usage.

The growing trend of green mobility is expected to drive the growth of the hoverboard scooter market going forward. Green mobility refers to the use of environmentally friendly and sustainable transportation methods that have a lower environmental impact compared to traditional vehicles. Hoverboard scooters, being battery-powered and emission-free, align with the principles of green mobility, offering a convenient and eco-conscious solution for short-distance commuting, particularly in urban areas. For instance, in 2023, according to the International Energy Agency, a France-based intergovernmental organization, global electric car sales reached nearly 14 million, marking a 35% increase from 2022. This surge brought the total number of electric vehicles (EVs) on the road to approximately 40 million. Therefore, the rising trend of green mobility is boosting the hoverboard scooter market.

The increasing rate of urbanization is also expected to propel the growth of the hoverboard scooter market. Urbanization refers to the expansion and growth of cities, often accompanied by migration from rural to urban areas. Hoverboard scooters support urbanization by providing compact and efficient last-mile transportation, enhancing mobility, and addressing challenges posed by congested city environments. For instance, in December 2024, Our World in Data, a UK-based non-profit organization, reported that by 2050, the global population is projected to reach approximately 9.8 billion, with nearly 7 billion living in urban areas. Therefore, rising urbanization is driving the hoverboard scooter market.

Major companies in the hoverboard scooter market are intensifying efforts to introduce high-speed hoverboards for a competitive advantage. High-speed hoverboards are electric self-balancing scooters designed for increased velocity, often incorporating advanced motors and batteries. In October 2023, Shane Chen, a China-based inventor, introduced the innovative concept of SHANE, a parallel two-wheeled electric car. This concept vehicle, designed to comply with the laws of physics, offers a futuristic driving experience on urban and highway roads. Claimed to be the first-ever practical and efficient two-wheeled car concept combining high speed with energy efficiency, SHANE features large wheels to reduce rolling resistance, in-wheel regenerative shocks, and a shifting center of gravity for stability, making it as secure as a four-wheeled car.

Major companies operating in the hoverboard scooter market report include Razor USA LLC, Segway Inc., Swagtron, GOTRAX, Hover-1, Jetson Electric Bikes, Epikgo, Halo Board, Skque, TOMOLOO, EPIKGO, CHO Power Sports, Xprit, Megawheels, Gyroor, Sisigad, StreetSaw, Veeko, Levit8ion, Hoverheart, Felimoda, Hiboy, Hyper GOGO, EverCross, FLYING-ANT, Smart Balance, Longway, CXM Hoverboards, NHT.

North America was the largest region in the hoverboard scooter market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hoverboard scooter market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the hoverboard scooter market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The hoverboard scooter market consists of sales of classic hoverboard scooters, off-road hoverboard scooters, and smart balance hoverboard scooters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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