This are points which lead to failure of segway ...🧐🧐🧐

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Following points lead to failure of segway....


1. High Price and Niche Market: The Segway Personal Transporter (PT) was priced relatively high, limiting its appeal to a niche market segment. Its cost made it unaffordable for the average consumer, leading to limited sales.


2. Misjudged Market Demand: Segway's creators overestimated the mass-market appeal of the device. They initially believed it would revolutionize personal transportation for the general public, but the product didn't fulfill this expectation due to its high price and specific functionality.


3. Regulatory Issues and Safety Concerns: Segways faced regulatory hurdles in many areas. Concerns about safety, especially in pedestrian-dense urban environments, led to restrictions or bans in certain locations. These restrictions limited the potential use cases for Segways.


4. Perception and Image: Segways were often seen as novelty items rather than practical modes of transportation. This perception, along with the device's bulky appearance, hindered its broader adoption.


5. Competitive Pressure: The market saw the emergence of alternative personal mobility options, such as electric scooters, electric bicycles, and other innovative transportation solutions. These alternatives offered more convenience, lower prices, and easier adoption, thereby overshadowing the Segway PT.


6. Marketing and Branding Challenges: Segway struggled with marketing its product effectively. The company faced challenges in communicating the practical benefits of the device to potential consumers, resulting in a lack of widespread adoption.


7. Company Setbacks: Segway also faced internal challenges, including changes in ownership and financial difficulties, which impacted its ability to invest in R&D, marketing, and further product development.


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