Hoverboards changing electric mobility trends by 2022
MARKET INTRODUCTION
A hoverboard is a self-balancing and battery-powered device. It primarily serves as a mode of personal transportation. Few hoverboards, such as electric skateboards or electric scooters, are intended for high performance. This device is made up of two parallelly aligned wheels that are connected by a small electronic panel. When the user stands on the panel and moves his or her body weight, the hoverboard moves. Hoverboards are thought to be the next environmentally friendly transport that can turn travel into a comprehensive entertainment experience. Due to the increased desire for hi-tech and fuel-efficient automobiles among generation Z, this micro-mobility vehicle will soon become popular. ✔ 𝑮𝒆𝒕 𝑺𝒂𝒎𝒑𝒍𝒆 𝒘𝒊𝒕𝒉 𝑻𝑶𝑪 @
MARKET DYNAMICS
The factors projected to fuel market growth during the forecast period include the increased popularity of this product among children and the business sector. Most importantly, the hoverboard's low cost and light weight have increased its popularity. Hoverboards' branding is expected to improve over time when safer technologies and better design are implemented. One of the appealing qualities of hoverboards is that they are zero-emission machines, making them an environmentally friendly mode of transportation. This makes them a desirable product. Battery-related issues such as explosions and safety concerns, on the other hand, would limit market expansion.
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