The report forecasts the global self-balancing scooter market to generate revenues of USD 1.39 billion in sales during the period 2016-2020.
Commenting on the report, an analyst from the research team said: One trend that is expected to have a big impact on the market is the emergence of wireless charging of self-balancing scooters. The emergence of wireless charging for self-balancing scooters will be a major benefit for consumers using self-balancing scooters for commuting. This addition to self-balancing scooters should be made available sooner than 2018. The technology for wireless chargers is already available, considering the fact that these devices have lithium-ion batteries similar to the ones used in smartphones and tablets. A number of wireless chargers for smartphones are available in the market, and we believe vendors will adopt this technology for their products too.
According to the report, a key growth driver is that self-balancing scooters offer an alternative to mobility scooters. Self-balancing scooters are probably the least-expensive mobility scooters and have certain advantages and disadvantages compared to electric skateboards (products such as Zboard and Marbel Board) and self-balancing scooters with handlebars (products such as Ninebot and Segway).