Mobility Scooter Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Mobility Scooters Market
The mobility scooters market size was valued at USD 1.30 billion in 2019, and the market is now projected to grow from USD 1.30 billion in 2019 to USD 1.85 billion by 2027, exhibiting a CAGR of 6.9% during the forecast period of 2023-2030.
The COVID-19 pandemic has negatively impacted the mobility scooters market growth, including assistive gadgets used by the disabled and elderly populace. Many nations across the globe imposed entire lockdown measures to interrupt the chain of ailment unfolding. However, this has resulted in the disruption of the supply chain that involves a slowdown in the manufacturing system, halted distribution of products, a ban on import and export of gadgets, etc. This has finally led to the reduced income extent of the mobility gadgets, inclusive of mobility scooters, leading to decreased sales generation in the year 2020..
The percentage of the elderly populace throughout the globe is growing at a rapid price. With the developing age, the geriatric populace is extra at risk of mobility issues, which is anticipated to propel the increase in mobility scooters market share at some stage in the forecast duration. The increasing disabled populace is probable to enhance the number of humans requiring those scooters throughout the globe. According to the U.S. Census Bureau report of 2017, 40% of American adults aged 65 and older are reported to have a mobility disability, at the same time as having hassle with walking or standing.
Additionally, mobility scooters are relatively advanced disability assistance merchandise which has been a hit in providing independence to sufferers with compromised mobility. Similar to powered wheelchairs, assistive mobility scooters are both battery-powered or electrically powered. There has been vast development in the functions of the product, consisting of the inclusion of virtual fitness monitoring add-ons, including USB ports and incorporated tablets. Additionally, developers are focusing on growing the product with the capacity to attach numerous apps and cell telephones to permit smooth use.
Comprehensive Analysis of the Mobility scooters Market
The medical mobility scooter marketplace is segmented based totally on wheels and stop-users. The four-wheels section held the most important marketplace proportion in 2019, driven by way of growing adoption among older adults, rising affordability, and the advantages of higher balance and rugged overall performance on roads and rough terrains, making them best for longer distances. By giving up users, the personal use phase dominated due to the growing incidence of mobility disabilities among the elderly and developing focus on the advantages of scooters designed for private mobility, that is predicted to pressure a sizeable boom on this segment all through the forecast period.
North America’s marketplace stood at USD 562.3 million in 2019 and is expected to preserve the very best function in the global marketplace during the forecast duration. This is attributable to the projects taken through the government to guide the accessibility of high-stop mobility merchandise among humans that require assistive mobility useful resource gadget. Moreover, the growing number of the old population and a robust footprint of key players are expected to reinforce the market boom in the place.
The top players in the market play a crucial role in the industry, assuring industrial prospectus growth and setting market standards. These players include Invacare Corporation (U.S.), Excel Mobility (Van Os Medical B.V.) (Netherlands), Pride Mobility Products Corp. (U.S.), Medical Depot, Inc. (U.S.), Golden Technologies (U.S.), Afikim Electric Vehicles (Israel), Amigo Mobility International (U.S.) and Others these market players provide a level-playing competitive landscape.
In October 2020, The Government in England announced a new accessibility scheme through which scooter-friendly stations are being developed to permit mobility scooter customers in South Yorkshire to tour to and from 10 stations throughout the Northern Rail community.
Segmentation Table
Global Mobility scooters Market Scope
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Growth Rate CAGR of 6.9% from 2024-2032
Historical Period 2019-2022
Unit Value (USD Billion)
Segmentation By wheels, End-User, and Region
By wheels
3 Wheels
4 Wheels
Others
By End-User
Personal use
Institutional Use
By Region
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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