India Self Balancing Scooter Market to Post 18% GACR to 2022, States 6Wresearch in Its Report Published at MarketPublishers.com
14 Jul 2016 • by Natalie Aster
LONDON – Though remaining in its nascency, the Indian self balancing scooter market holds huge growth potential. The market demand mainly originates from Tier-I cities. The industry is mainly dominated by overseas players, however, is witnessing severe competition from low-cost players from China. In India, self balancing scooters are generally present in such types as hoverboard, electric unicycle (EUC) and handle bar self balancing board.
India’s self balancing scooter market is anticipated to register 18% CAGR through to 2022. By form factor, hoverboard captured the lion’s portion of revenues in the total market, wherein Ninebot took the lead with respect to market share, with Airwheel following after, among others.
Hoverboard dominates the country’s self balancing scooter market due to its cost-friendliness and ease of availability over e-commerce sites. In addition, personal mobility application obtained the largest revenue share owing to surging usage for commuting and recreational purposes in living areas, amusement parks and educational establishments.
Insightful research report “India Self Balancing Scooter Market” elaborated by 6Wresearch covers the market on a national level.
The study offers an analysis of the restraints and drivers of the Indian self balancing scooter market; historical and forecasted market size and revenue for the global self balancing scooter market; and historical and forecast market revenue trends for India’s self balancing scooter market; historical and forecast market size and volume trends for the country’s self balancing scooter market. It provides market volume and revenue projections and estimations by form factor and market revenue trends plus forecasts by application area. The research publication sheds light on the current market trends, offers a detailed industry life cycle and value chain analysis, provides granular Porter’s five forces analysis, analyses the industry players’ market revenue share, and provides competitive benchmarking by applications. It includes extensive company profiles and key strategic recommendations.
Companies discussed are: Ninebot Inc., Changzhou Airwheel Technologies, Freego India, Macway International, Uboard India and IO India.
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