Self-Balancing Scooter Market Consumer Behavior, Demand and Forecast

Self-Balancing Scooter Market Investment Opportunities & Competitive Benchmarking

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.

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Introduction

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.

• According to the Worldometer, around 89% of the people of Netherlands live in urban areas and 11% lives in rural areas.

Highlights of the Self-Balancing Scooter Market

• North America held the highest share of the self-balancing scooter market due to the rapid urbanization in U.S and Canada along with government initiatives to curb emission levels.
• Asia Pacific is projected to grow with the highest CAGR due to the technological developments in China, Japan, South Korea and some others coupled with rise in number of startups dealing in self-balancing scooters in this region.
• The double-wheeled segment dominated the market due to the rising consumer preference towards double-wheeled scooters due to its rideability and balancing capability.
• The commercial segment led the market due to the growing emphasis on e-mobility services as well as its growing demand from resorts, amusement parks and others.

Self-Balancing Scooters: Partnerships and Fundings

• In November 2024, Livewire partnered with Kymco. This partnership is done to launch an electric maxi-scooter in India during the first quarter of 2026.
• In March 2024, Voi announced to raise around US$ 25 million. This funding will be used for developing electric scooters for the European market.
• In October 2023, Emobi announced partnership with Musashi and Honda. This partnership is aimed at developing an electric scooter for enhancing last-mile delivery and bike taxi.
• In January 2023, Liger Mobility made an announcement to raise around US$ 50 million. This investment will be used for manufacturing self-balancing scooters for the people of India.

Industry Leader Announcement

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.”

Competitive Landscape

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.

• According to the annual report of Ola, the revenue of automotive segment in 2023 was Rs 2116 crores in 2023 that increased to Rs 2858 crores in 2024.

Market Segmentation

By Product Type

• Single-wheeled
• Double-wheeled

By End Use

• Personal use
• Commercial use

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa