March 2025
Senior Research Analyst
Reviewed By
The self-balancing scooter market size is projected to reach USD 19.95 billion by 2034, expanding from USD 3.2 billion in 2025, at an annual growth rate of 22.54% during the forecast period from 2025 to 2034.
The self-balancing scooter market is a crucial sector of the automotive and transportation industry. This industry deals in production and distribution of hoverboard across the globe. There are different types of self-balancing scooters available in the market consisting of single-wheeled scooters and double-wheeled scooters. These scooters use a wide range of sensors and algorithms for detect the rider’s weight shift and maintaining balance. It comes with various benefits such as cost-effectiveness, removable battery, eco-friendliness and some others. The self-balancing scooter are used for personal uses and commercial uses. The rapid urbanization in different parts of the world has increased the demand for eco-friendly transportation, thereby propelling the industrial expansion. This market is expected to rise significantly with the growth of the e-mobility services industry around the globe.
In January 2023, Vikas Poddar, the founder of Liger Mobilities announced that, ““Liger uses AI algorithms to dynamically shift the Center of Gravity of the vehicle in order to ensure that the vehicle stays balanced. The AutoBalancing processor collects over 9,000 data points per second from the vehicle, which are processed using our proprietary AI algorithms which ensure that the vehicle stays balanced when AutoBalancing is activated.”
The self-balancing scooter market is a rapidly developing industry with the presence of numerous dominant players. Some of the prominent companies in this industry comprises of Ola, Ninebot Inc., Inventist, Inc., IPS Electric Unicycle Co., Limited, Robstep GB, Hangzhou Chic Intelligent Technology Co., Ltd and some others. These companies are engaged in developing advanced scooters and adopting numerous strategies to hold a dominant position in this industry.
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March 2025
March 2025
March 2025
March 2025
Dr. Arjun Patel is a distinguished expert in the automotive industry, holding advanced degrees in Automotive Engineering and Mechanical Engineering. His expertise spans automotive market dynamics, technological advancements, and sustainable practices. Dr. Patel excels in conducting in depth research and analysis on market trends, consumer preferences, and the economic implications within the automotive sector. He is renowned for his insightful publications on topics such as electric vehicles, autonomous driving technologies, and the evolution of sustainable transportation solutions. Dr. Patels research contributions have significantly advanced understanding in the field, earning him recognition as a leading authority in automotive research and analysis.
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