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(USGovernment-News.Com, October 26, 2023 ) The total global market for the “Self Balancing Scooter Market” was valued at USD 1700 Mn in 2022 and is expected to grow at a CAGR of 7.9 percent over the forecast period to reach USD 2901 Mn by 2029.
Self Balancing Scooter Market Report Scope and Research Methodology
The Self Balancing Scooter Market report presents a qualitative and quantitative analysis of market size, price, demand, mergers and acquisitions, supply chain, investment, other key aspects, and predictions. The Bottom approach is used to estimate the market size and swot analysis was used to analyze the industry’s weaknesses and strengths.
The market growth is depend on the Growing popularity of premium self-balancing scooters and increasing adoption of self-balancing scooters for commercial purposes as well as rising focus on safety. Self-balancing scooters are becoming increasingly popular as a convenient and affordable mode of transportation for short distances.
Self Balancing Scooter Market Regional Insights
Asia Pacific held the largest market share in 2022 and is expected to continue with its growth over the forecast period. Regional growth is influenced by the rising disposable incomes in developing countries in Asia Pacific, such as China and India as well as growing urbanization and government support. North America is another major market for self-balancing scooters. The United States is the largest market in North America.
Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:
Electric Kick Scooter Market - The market size was valued at USD 996.02 Mn. in 2022 and is expected to grow by 23 % from 2022 to 2029.
One Wheel Electric Scooter Market - The market size was valued at USD 4.3 Billion in 2022 and is expected to reach USD 10.69 Billion by 2029 at a CAGR of 13.9 percent.
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