Executive Summary
The Electric Skateboard Scooters Market research report provides key insights into the current market conditions and future trends of the industry. The market is expected to grow at a CAGR of % during the forecasted period, driven by the increasing demand for eco-friendly and convenient modes of transportation.
One of the key trends in the Electric Skateboard Scooters market is the growing popularity of electric scooters as a sustainable and efficient mode of transportation in urban areas. The rise of electric skateboard scooters as a last-mile solution for commuters has led to an increase in market demand.
In terms of geographical spread, North America (NA), Asia Pacific (APAC), Europe, USA, and China are some of the key regions driving the growth of the Electric Skateboard Scooters market. North America and Europe are witnessing significant adoption of electric skateboard scooters due to the growing focus on reducing carbon emissions and improving urban mobility. In Asia Pacific, countries like China are leading the market with a higher rate of adoption and government initiatives promoting electric vehicles.
Overall, the Electric Skateboard Scooters market is expected to witness substantial growth in the coming years, driven by the increasing adoption of electric vehicles, growing urbanization, and changing consumer preferences towards sustainable mobility solutions. As more people look for convenient and eco-friendly transportation options, the market for electric skateboard scooters is expected to continue to expand at a rapid pace.
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Market Segmentation:
This Electric Skateboard Scooters Market is further classified into Overview, Deployment, Application, and Region.
In terms of Components, Electric Skateboard Scooters Market is segmented into:
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The Electric Skateboard Scooters Market Analysis by types is segmented into:
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The Electric Skateboard Scooters Market Industry Research by Application is segmented into:
In terms of Region, the Electric Skateboard Scooters Market Players available by Region are:
North America:
Europe:
Asia-Pacific:
Latin America:
Middle East & Africa:
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Key Drivers and Barriers in the Electric Skateboard Scooters Market
Key drivers in the Electric Skateboard Scooters market include increasing awareness about environmentally friendly transportation options, growing adoption of electric vehicles, and technological advancements improving performance and functionality. Barriers to the market include high cost of electric skateboards, limited battery life, and concerns about safety and regulations.
Challenges faced in the market include competition from traditional skateboards and bicycles, lack of infrastructure to support electric skateboard use, and restrictions on where electric skateboards can be ridden. Additionally, issues such as limited range and charging infrastructure can hinder the widespread adoption of electric skateboards.
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Competitive Landscape
Evolve Skateboards is a prominent player in the competitive electric skateboard scooters market. The company was founded in 2009 in Australia and has since grown to become a global leader in the industry. Evolve Skateboards offers a range of high-quality electric skateboards designed for both beginners and experienced riders. The company is known for its innovative designs, durable construction, and high-performance motors.
Inboard is another key player in the electric skateboard scooters market. Founded in 2014 in the United States, Inboard specializes in creating cutting-edge electric skateboards that are both stylish and functional. The company's products are popular among riders looking for a sleek and efficient mode of transportation.
Boosted Boards is a well-known name in the electric skateboard industry. Established in 2012 in the United States, Boosted Boards has gained a reputation for producing top-of-the-line electric skateboards that offer unmatched performance and durability. The company's products are favored by commuters and thrill-seekers alike.
As for market growth and size, the electric skateboard scooters market has been experiencing steady growth in recent years. The increasing demand for eco-friendly and convenient modes of transportation has driven the market expansion. According to reports, the global electric skateboard market size was valued at around $2 billion in 2020 and is expected to reach close to $5 billion by 2027.
In terms of sales revenue, companies like Boosted Boards, Inboard, and Evolve Skateboards have reported significant revenue figures in recent years. Boosted Boards, for example, generated sales revenue of over $100 million in 2020, while Inboard reported a revenue of around $50 million. Evolve Skateboards also registered impressive sales numbers, with revenue reaching over $70 million in the same year.
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