Global Electric Skateboard Motors Market Introduction
An electrical skateboard is a wheeled board with a motor a battery and an electronic circuit mounted on a traditional board. The speed of an electric skateboard motor can be controlled by a hand-held remote, throttle or weight sensor. The battery used in an electrical skateboard motor can be either replaceable or chargeable, which makes charging an easy task. Usually, microprocessor-controlled motors, such as hub motors or wheel motors, are used as electric skateboard motors. This helps drive the wheels of skateboards and provides effective control over the speed & direction of electric skateboard motors.
Electric skateboard motors reduce the efforts required to ride the skateboard by allowing batteries to power the skateboard wheels, which makes them attractive among sports enthusiasts across the globe. The compact size and ease of usage of electric skateboard motors makes them a preferred choice for transportation. An electric skateboard motor is faster than the conventional skateboard, which creates a thrill within people when it is used for adventure or sports purposes. All these factors are responsible for increasing the global market for electric skateboard motors, which is expected to grow at significant CAGR in the near future.
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Global Electric Skateboard Motors Market Dynamics
Electric Skateboard Motors Market Drivers:
One of the major factors driving the global electric skateboard motors market is the increasing popularity of sports and the growing attractiveness of recreational activities in the global market. Electric skateboard motors are faster than conventional skateboards and provide better control over them, which makes them a popular choice for skating sports in regions such as Australia, the U.S. and Europe, among others. In addition, the usage of electric skateboard motors has made them popular among all the age groups across the globe.
Electric skateboard motors are gaining considerable importance as private transport due to small size and easy control. Moreover, the high speed of electric skateboards saves time, which is a prominent factor driving the demand for electric skateboard motors in the global market. Use of electrical skateboards in the field of recreation and sports by consumers is expected to aid the global electrical skateboard motors market in a significant manner.
Electric Skateboard Motors Market Trends
Advancement in technology can be a prominent factor driving the global electric skateboard motors market as it has resulted in the development of innovative and advanced-featured electrical skateboards that use Artificial Intelligence (AI). Skateboards with connected features, such as Bluetooth, Wi-Fi and Infrared connections, are also gaining momentum in the global as well as regional markets for electric skateboard motors.
The usage of artificial intelligence in electric skateboard motors will lead to greater control over speed along with accurate handling for riders in less time and with more efficiency. Continuous innovations in technology is creating more attractiveness for the electric skateboard motors market.
Moreover, increase in inclination towards controlling environment pollution and government norms for reducing the usage of petroleum transportation & related products has been boosting the demand for eco-friendly transportation modes. This is driving the demand for electric skateboards which will in turn fuel the overall growth of the global electric skateboard motors market over the forthcoming years.
However, high cost due to the usage of advanced technology in electric skateboard motors is likely to restrain the electrical skateboard motors market. The availability of conventional skateboards at cheaper prices as compared to electric skateboards is also likely to negatively impact the global electric skateboard motors market.
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Global Electric Skateboard Motors Market Segmentation
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Global Electric Skateboard Motors Market Regional Outlook
Increase in awareness about skateboard sports regions such as North America and Europe is expected to boost the electric skateboard motors market in the near future. The rising attractiveness of electric skateboards in developing regions such as Asia pacific will create prominent demand for electric skateboards, which is expected to fuel the growth of the global electric skateboard motors market. Furthermore, the growth of the automation industry in Asia pacific, Europe and North America is expected to support the growth of the electric skateboard motors market over the forecast period.
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Global Electric Skateboard Motors Market Participants
Examples of some of the market participants identified across the value chain of the global electric skateboard motors market are:
- Mellow Boards USA
- Focus Technology Co., Ltd.
- Media Data Systems Pte Ltd
- Hangzhou MCMC technology co., Ltd.
- QS MOTORS
- NSK EUROPE LTD
- ABB Group
- Schneider Electric
- Toshiba Corporation
- Maytech Electronics Co., Ltd.,