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Electric Unicycle Market by Type (Below 500W, 500-1000W, and Above 1000W), and Application (Adults and Children): Global Opportunity Analysis and Industry Forecast, 2020–2027

A09118
Pages: NA
Dec 2020 | 14 Views
 
Author(s) : NA
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Electric Unicycle Market Outlook – 2027 

In past few years, the use of personal transport products and its integration with electricity is transforming the automotive industry. Similarly, electric unicycles are picking up the steam across the globe. An electric unicycle consists of single wheel. Self-balancing in electric unicycle is achieved with the help of gyroscope and accelerometer. The electric unicycle is composed of electric motor, rechargeable battery, motherboard with a driver and gyroscope. Moreover, the electric unicycle is driven with the help of electric motor rather than the human interaction. The versatility to drive on any surface and its compact size is anticipated to grow the market.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

  Type, Application

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa

  Companies covered

Gotway, InMotion, KingSong, Hoverclub, Ninebot, Swagtron, Solowheel, Airwheel, MonoRover, and IPS.

 

COVID-19 scenario analysis: 

  • The novel coronavirus is possessing a burgeoning threat on economies. Besides the shutdown of industries has impacted in revenue generation and recession.
  • However, due to the impact of COVID-19 and the implication of strict physical distancing norms will anticipate considerable decrease in use of public transport.
  • Also, with economic activity slowing down, impacting buying power of consumers, demand will shift towards lower priced or smaller vehicles in personal mobility space
  • This shift will gravitate consumers to procure electric unicycle market for commuting in certain countries.

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

The fast convenient and personal mobility option offered by electric unicycle is driving the market growth. Additionally, the electric unicycles are portable, compact and lightweight which can be fitted in backpacks attracts a lot of consumers. Moreover, electric unicycle being inexpensive and environment-friendly is propelling the market. Besides, the electric unicycle reduces the stress on hands by leaving your hand free while driving, unlike a scooter. However, the expensive battery replacement cost could hamper the market growth. Furthermore, rising demand from youth could proliferate the market growth.

The electric unicycle market trends are as follows:

Technological developments to nurture the market growth

With rising congested space in urban areas, the demand for electric unicycle has increased significantly. Moreover, electric unicycle manufacturers are heavily investing in R&D. In 2015, Ford has patented self-propelled unicycle engageable with vehicle. According to the patent, the car wheel could be turned into electric unicycle. Ford notes a jack system could be implemented into the car’s design to allow easy access to the wheel. Additionally, Ford would be providing anti-theft features to protect the vehicle left on ground with three-wheels.

Rise in unicycling culture

The growing trend for unicycling has witnessed a large adoption in various activities like off-roading unicycling, mountain unicycling, sports unicycling etc. Moreover, the basketball unicycling and hockey unicycling culture has raised significantly in recent years. Besides, many consumers even prefer electric unicycle for daily commuting. 

Key segments covered:

Segments

Sub-segments

  Type

  • Below 500W
  • 500-1000W
  • Above 1000W

  Application

  • Adults
  • Children

 

Key benefits of the report:

  • This study presents the analytical depiction of the electric unicycle industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the electric unicycle market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the electric unicycle market research report:

  • What are the leading market players active in the Electric unicycle market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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