The latest report by IMARC Group, titled “One Wheel Electric Scooter Market Report by Product (Electric Unicycle, Electric One Wheel Hoverboard), Speed Limit (20 Kmph - 30 Kmph, 30 Kmph - 50 Kmph, More than 50 Kmph), Distribution Channel (Online, Offline), Application (Off-road Activities, Daily Commute), and Region 2025-2033,” finds that the global one wheel electric scooter market reached a value of USD 137 Million in 2024. One wheel electric scooters are self-balancing recreational vehicles that are used for personal commuting. They are driven by one wheel and obtain their power through electricity. They consist of an electric motor to drive the wheel, producing the required torque for motion. One wheel electric scooters mainly operate through software applications to track all performance indexes. These vehicles are increasingly utilized by the millennials and generation Z across the globe as they offer a faster pace and allow long-distance movement on a single charge. In addition to this, they occupy minimal road space and are emission-free and convenient for solo travelers.
Global One Wheel Electric Scooter Market Trends:
The market is primarily driven by the increasing demand for green mobility alternatives and the need for higher portability than personal electric vehicles. Due to this, one-wheel electric scooters are preferred over four-wheelers and three-wheelers to avoid traffic jams and avail convenient parking. Additionally, with the rising environmental consciousness and the need for lowering their carbon footprints, consumers are shifting toward electric vehicles for local as well as long-distance commutes. Besides this, the declining prices of batteries per KWH are also propelling the demand for one-wheel electric scooters. Moreover, key players are integrating electric scooters with the Internet of Things (IoT) solutions to enhance maneuverability and easy tracking of repair solutions. Furthermore, the continuous introduction of strong dealerships and supplier networks is creating a positive outlook for the market. Looking forward, the market value is expected to reach USD 196 Million by 2033, exhibiting a CAGR of 4% during 2025-2033.
Market Summary:
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