Hoverboard Market To Reach $2.35 Billion By 2030 | CAGR 6.6%

Hoverboard Market Growth & Trends 

The global hoverboard market size is expected to reach USD 2.35 billion by 2030 and is expected to grow at a CAGR of 6.6% from 2025 to 2030, according to a new report by Grand View Research, Inc. One of the primary drivers of this growth is the increasing demand for personal transportation solutions. As urban areas become more congested, many individuals are seeking compact and efficient modes of transport for short distances. Hoverboards offer a convenient and eco-friendly alternative, appealing to commuters, students, and urban dwellers alike. Their compact size allows for easy navigation through crowded streets, making them an attractive option for those looking to avoid traffic congestion.

Technological advancements also play a significant role in boosting the hoverboard market. Innovations such as improved battery life, enhanced safety features, and smart functionalities-such as Bluetooth connectivity and app integration have made hoverboards more appealing to consumers. These features not only enhance user experience but also promote the hoverboard as a fun and engaging mode of transportation, particularly among younger generations.

In addition, rising disposable incomes are contributing to the market's expansion. As consumers have more financial flexibility, they are increasingly willing to invest in personal mobility devices that offer both practicality and enjoyment. This trend is particularly evident in regions such as Asia Pacific, where economic growth has led to a surge in demand for recreational and commuting devices. The growing emphasis on sustainability is another factor driving the popularity of hoverboards. With an increasing awareness of environmental issues, many consumers are opting for electric-powered transportation options that produce zero emissions. Hoverboards align well with this green mobility trend, making them an attractive choice for eco-conscious consumers.

Moreover, the rise of e-commerce has made hoverboards more accessible than ever. Online platforms allow consumers to easily compare products and prices, increasing awareness and interest in various hoverboard models. This accessibility is especially appealing to tech-savvy younger generations who prefer shopping online.

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Hoverboard Market Report Highlights

• Double wheel accounted for a share of 67.13% of the global revenue in 2024. Double-wheel hoverboards are better equipped to handle a range of surfaces, from smooth indoor flooring to rough outdoor terrains such as gravel or grass. This versatility makes them appealing to users who want a multi-functional device for both recreation and commuting.

• Commercial hoverboard is expected to grow at a CAGR of 6.7% from 2025 to 2030. With the increasing focus on sustainable and convenient transportation, some businesses are integrating hoverboards into commercial personal transport services. This trend is particularly evident in urban areas, where electric scooters, hoverboards, and other micro-mobility solutions are being used by delivery services and short-distance transport providers.

• 8 inches hoverboard is expected to grow at a CAGR of 7.2% from 2025 to 2030. With a larger wheel size than 6.5-inch models, 8-inch hoverboards are becoming more popular for short-distance urban commuting. They provide a smoother ride on city streets and can better handle cracks, bumps, and minor obstacles, making them an attractive option for commuters who want a convenient and portable mode of transportation.

• Offline accounted for a market share of 62.82% of the global revenue in 2024. Offline retailers offer the advantage of immediate access to products. Consumers can purchase a hoverboard and take it home the same day, eliminating wait times associated with online orders and shipping. This immediacy is especially appealing to customers looking to enjoy their new purchase right away.

• Asia Pacific is expected to grow at a CAGR of 7.3% from 2025 to 2030. The Asia Pacific region is known for its rapid adoption of technology, particularly among younger consumers. The hoverboard, equipped with features such as GPS tracking, built-in chargers, and digital locks, appeals to tech-savvy travelers who value convenience and connectivity while on the go.

Hoverboard Market Segmentation

Grand View Research has segmented the global hoverboard market on the basis of type, wheel size, application, distribution channel, and region:

Hoverboard Type Outlook (Revenue, USD Million, 2018 - 2030)

• Single Wheel

• Double Wheel

Hoverboard Wheel Size Outlook (Revenue, USD Million, 2018 - 2030)

• 6.5 Inches

• 8 Inches

• 10 Inches and Above

Hoverboard Application Outlook (Revenue, USD Million, 2018 - 2030)

• Recreational

• Personal Mobility

• Commercial

• Others

Hoverboard Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Online

• Offline

Hoverboard Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • France

  • Germany

  • Spain

  • Italy

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia & New Zealand

• Central & South America

  • Brazil

• Middle East & Africa

  • South Africa

List of Key Players in the Hoverboard Market

• Ninebot Inc.

• HaloBoard

• Segway Inc.

• TOMOLOO Technology Industrial Co. Ltd.

• SURFUS

• Hangzhou Chic Intelligent Technology Co.

• Shenzhen Rooder Technology Co. Ltd.

• JIALIKE Electronic Company Ltd.

• Airwheel Technology Co. Ltd.

• Razor USA LLC