According to the recent study conducted by Fact.MR, the global hoverboard market will surpass a valuation of US$ 1,700 Mn. The demand for hoverboards has gained traction owing to its increasing affordability. Manufacturers are trying to make the product accessible to a wide pool of consumers, which has led to the availability of hoverboards at a lower-price range. The rising trend of using new-age electronic devices and increasing reliance on mobility equipment is fueling the demand for hoverboard in developed markets.
Manufacturers of hoverboards are concentrating on enhancing technology, ergonomics, and range. Moreover, some of the latest hoverboards come with added features such as Bluetooth, Wi-Fi connectivity and wireless charging. Such features in hoverboard are luring more buyers. On the other hand, various instances of technological failure, and malfunctioning continues dampen the surging spirit of the global market for hoverboard. In many countries, government authorities have enforced strict safety regulation of hoverboard manufacturing. Low power capacity and extensive charging time remain few of the other technological limitation of the product.
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- Razor USA
- Ninebot Inc.
- Segway Inc.
- Skque Products
- TOMOLOO Technology Industrial Co., Ltd.
- Hangzhou Chic Intelligent Technology Co. Ltd.
- Shenzhen Rooder Technology Co., Ltd
- Shenzhen JIALIKE Electronic Company Ltd.
- Airwheel Technology Holding ( USA ) Co., Ltd.
- Shenzhen Uwheel Technology Co., Ltd.
are the key companies profiled in the Fact.MR’s report.