Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Portable Personal Vehicle Market Size is Expected to Grow from USD 12.45 Billion in 2023 to USD 56.32 Billion by 2033, Growing at a CAGR of 16.29% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Portable Personal Vehicle Market Size, Share, and COVID-19 Impact Analysis, By Type (Electric Scooters, Electric Skateboards, Hoverboards, Foldable Bicycles, Others), By Battery Type (Lithium-ion, Lead Acid, Nickel Metal Hydride, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, And Africa), Analysis And Forecast 2023 - 2033
The international portable personal vehicle market refers to the marketplace that focuses on the fabrication and distribution of portable assets of micromobility vehicles in lightweight transportation solutions designed for individual use. These vehicles encompass electric scooters, hoverboards, foldable bicycles, and electric skateboards. This market emphasizes providing sustainability, efficient, and convenient mobility alternatives for metropolitan commuters and recreational users. This market is driven by development in battery technology, rapid urbanization, and the growing need for sustainable transportation solutions. Moreover, the rising business of recreational activities and extreme sports events boost its revenues significantly. Beyond that, this market growth propelling due to the government supportive role related to their infrastructure development. However, market acquisition faces several obstacles, like high upfront costs and lack of adherence among consumers related to safety guidelines.
The electric skateboards segment held a significant share of the global portable personal vehicle market in 2023 and is anticipated to grow at a rapid pace over the forecast period.
On the basis of the type, the global portable personal vehicle market is divided into electric scooters, electric skateboards, hoverboards, foldable bicycles, and others. Among these, the electric skateboards segment held a significant share of the global portable personal vehicle market in 2023 and is anticipated to grow at a rapid pace over the forecast period. This is because popularity of recreational activities and extreme sports. Moreover, development in the automotive sector with sophisticated technical support expands the segment revenue.
The lithium-ion segment accounted for the largest share of the global portable personal vehicle market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
On the basis of battery type, the global portable personal vehicle market is categorized into lithium-ion, lead acid, nickel metal hydride, and others. Among these, the lithium-ion segment accounted for the largest share of the global portable personal vehicle market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is due to its high energy capacity, durability, and lightweight settings with optimum safety concerns for operators.
North America is anticipated to hold the largest share of the global portable personal vehicle market over the forecast period.
North America is expected to hold the greatest share of the global portable personal vehicle market over the forecast period. The regional market growth is increasing due to the increasing acceptance of vehicle ownership for recreational purposes, and rising disposable income which encourages consumers to purchase such micromobility assets along with well-defined infrastructure. Beyond that, the strong government support for sustainable modules and the robust automotive sector with sophisticated technical support boost the regional market. Countries like the USA, and Canada are at the forefront of regional market dominance.
Europe is projected to grow at the fastest CAGR growth of the global portable personal vehicle market over the forecast period. The market expansion across the region is further accelerated due to the sophisticated technology integration having the robust automotive sector and further supported by the federal authorities committed to sustainable development. Moreover, countries like France, Germany, and the Netherlands are the major contributors to regional market revenue.
Company profiling
Major vendors in the global portable personal vehicle market are Segway Inc., Xiaomi Corporation, Ninebot Limited, Boosted USA, Razor USA LLC, Yamaha Motor Co., Ltd., Honda Motor Co., Ltd., Gogoro Inc., Inokim Electric Scooter, Evolve Skateboards, Unagi Scooters, Bird Rides, Inc., Lime (Neutron Holdings, Inc.), Swagtron, Jetson Electric Bikes, Glion Dolly, Kaabo Electric Scooters, Dualtron Electric Scooters, Mercane Wheels, Apollo Scooters and others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global portable personal vehicle market based on the below-mentioned segments:
Global Portable Personal Vehicle Market, By Type
Global Portable Personal Vehicle Market, By Battery Type
Global Portable Personal Vehicle Market, By Regional
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