Global Self-balancing Scooter Market 2016-2020

Overview of the global self-balancing scooter market

Technavio’s market research analysts have estimated that the global self-balancing scooter market will post an impressive revenue of over USD 1 billion by 2020. The traction and publicity self-balancing scooters are gaining through social media websites is increasing every day, and though vendors do not have a defined or limited marketing budget, it has resulted in the market witnessing limited spending in terms of marketing and advertising. The recent years have seen several instances of celebrities using self-balancing electric scooters and posting videos and photos on their profiles on social media networks. Consequently, vendors have started preferring celebrities for endorsing their products as it will help in increasing their product recognition among end users through social media websites.

Considered as a fun toy for entertainment in the recent years, this market forecast envisages the self-balancing scooters to have a number of applications across various industries in the coming years. Self-balancing electric scooters can assist police officers and security guards in patrolling areas of public gatherings and large industries easily and more efficiently than automobiles. Moreover, these low-cost alternatives to traditional gas-powered automobiles are easy to maintain and are easily portable. Such benefits will result in the application of these devices in several other sectors including tourism and postal departments. 

Geographical segmentation and analysis of the self-balancing scooter market

• Americas
• APAC
• EMEA