NEW YORK, October 18, 2016 /PRNewswire/ --
Expanding youth population, coupled with increasing adoption of hoverboards for personal mobility and recreational activities set to propel sales of hoverboards till 2021
According to TechSci Research report, "Global Hoverboard Market By Type, By Application, By Region, Competition Forecast & Opportunities, 2015-2021", global hoverboard market is projected to surpass $1.8 billion by 2021, on account of rising demand for hoverboards from several countries in European, Asia-Pacific and Americas. Moreover, about 30% of Chinese population, 31% of the United States population, 22% of German population, 30% of French population, and 38% of Brazilian population fall in the age group of 0-25 years, thus expanding youth population across the globe is further anticipated to fuel demand for hoverboards during the forecast period.
Browse 89 Figures spread through 222 Pages and an in-depth TOC on "Global Hoverboard Market"
Hoverboards can be segmented on the basis of wheels used into 6, 8 and 10.5 inch hoverboards, out of which 6.5 inch hoverboard dominated global hoverboards market in 2015, and same trend is further anticipated to continue during the forecast period, on account of its low price and easy availability. Moreover, Asia-Pacific region accounted for largest share in global hoverboard market in 2015, and the region is forecast to dominate during the forecast period as well, on account of huge markets for hoverboards in countries such as China, Japan, Australia, Singapore, Malaysia, coupled with China emerging as one of the most prominent manufacturer for hoverboards.
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"Global hoverboard market is expected attract a number of consumer from various countries in European, North American, Asia-Pacific region in coming years, owing to shifting consumer interest towards use of hoverboards as personal mobility devices. Moreover, declining average selling price of hoverboards are further expected to fuel demand for hoverboards across the globe during the forecast period.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"Global Hoverboard Market By Type, By Application, By Region, Competition Forecast & Opportunities, 2015-2021" has analysed potential of global hoverboards market, and provides statistics and information on market sizes, shares and trends. The report would suffice in providing intending clients with cutting-edge market intelligence, to help them in taking sound investment decisions. Besides, the report also identifies and analyses emerging trends along with essential drivers and key challenges faced by global hoverboards market.
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