Automotive Intelligent Lighting Systems Market: Asia Pacific

Automotive Intelligent Lighting Systems Market: Asia Pacific


According to the report published by Allied Market Research, the global hoverboard scooter market generated US$781.2 million in 2020 and is expected to reach US$1.24 billion by 2030, growing at a CAGR of 5.1% from 2021 by 2030. The report provides a detailed analysis of changing market trends, top investment bags, regional landscape, key segments, value chain, and competitive scenario.

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The rise of green mobility, the increase in urbanization and local commuting requirements, and the drop in battery prices per kWh are driving the growth of the global hoverboard scooter market. However, lower safety compared to other commuting options and inconvenience when driving long distances are hampering the market growth. In contrast, new opportunities will open up in the coming years as a result of changing attitudes towards leisure and recreational activities and the strengthening of the dealer and supplier network.

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Covid-19 scenario:

Production facilities for hoverboard scooters have been partially or completely closed due to the lockdown measures. Added to this were disruptions in the supply chain, labor shortages and scarcity of raw materials.
Strict commuting restrictions during the lockdown and poor financial performance by market participants in earlier stages of the pandemic negatively impacted the hoverboard scooter market in 2020.
With social distancing regulations in place, there will be a need for personal commuting solutions. This is expected to rebound demand for hoverboard scooters during the post-pandemic era.
The report provides detailed segmentation of the global Hoverboard Scooter market by type, application, distribution channel, speed limit, and region.

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