The article cited AMA's Global Hoverboards Market Study explored substantial growth with CAGR of 7.51%. According the report, Inclination of consumers towards the electronic devices is one of the primary growth factors for the market. Rising usage of hoverboards for recreational activities are increasing the market growth. The hoverboards are gaining the popularity across the world. In addition, the young population is inclining towards the self-balancing bikes is fueling the market growth. is also expected to contribute significantly to the Hoverboards market. Overall, Teenagers Use applications of Hoverboards, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Swagtron (United States), Airwheel (China), Razor Hovertrax (United States), HaloBoard (United States), Segway Inc. (United States), Genesis (United States) and Hangzhou Chic Intelligent Technology Co., Ltd. (China) may see astonishing sales in this Market and certainly improve revenue growth.

The End Users, such as Teenagers, is boosting the Hoverboards market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Distribution Channel, such as Online, is boosting the Hoverboards market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Hoverboards market identified that the demand is rising in many different parts of the world as "Increasing disposable income in developing economies such as India and China ". Furthermore, some recent industry insights like "In October 2023, Shane Chen, inventor of the original Hoverboard, today introduced his latest invention, SHANE: a first-of-its-kind parallel two-wheeled electric car concept that embraces the laws of physics to create a futuristic driving experience for motorists, today. SHANE is the first two-wheeled car concept to be practical and efficient for everyday urban and highway use." is constantly making the industry dynamic. One of the challenges that industry facing is "Fluctuation in the prices of raw materials"

The report provides an in-depth analysis and forecast about the industry covering the following key features:

• Detailed Overview of Hoverboards market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Hoverboards market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the Hoverboards market tight?
• Which application/end-user category or Product Type [Compact-size, Mid-size and Full-size] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Hoverboards market and other related sub-markets covered in the study.

o Key & emerging players in the Hoverboards market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Hoverboards market size is calculated using market estimation process, the Hoverboards market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Hoverboards market size has been validated using both top-down and bottom-up approaches.