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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.
COVID-19 scenario 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:
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.
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 benefits of the report:
Questions answered in the electric unicycle market research report:
Key Market Segments
Key Market Players