Mobility Scooters Market Forecasts to 2028 – Global Analysis by Type (Large (more than 150 cm), Medium (110-150 cm), Small (less than 110 cm)), Range (Less than 10 miles, 10-20 miles, More than 20 miles), Number Of Wheels (Three Wheeler, Four Wheeler), Distribution channel (Online, Offline), Application, End User and By GeographyAccording to Stratistics MRC, the Global Mobility Scooters Market is accounted for $1.678billion in 2022 and is expected to reach $2.8billion by 2028 growing at a CAGR of 8.9% during the forecast period. Mobility scooters are motorcycle-like devices that are powered by electricity and serve as an accessory or mobility assist for power wheelchairs. They are electrically driven, multi-featured vehicles that enable people with restricted mobility and independence to navigate both indoors and outside. Mobility scooters, which come in three-wheel and four-wheel models, are mostly used by the elderly population who struggle with strength and balance. There are two types of mobility scooters: front-wheel drive and rear-wheel drive.
According to the World Health Organization (WHO), worldwide estimates show that 9.6% of men and 18.0% of women aged over 60 years have symptomatic osteoarthritis, which is a form of rheumatic disease. Around 80% of those with osteoarthritis have limitations in movement and around 25% cannot perform daily activities.
Market Dynamics:
Driver:
Rising Awareness for Advanced Mobility Devices
Globally, the percentage of the population that is over 65 is growing quickly. The senior population is increasingly susceptible to mobility issues as they age, which is expected to fuel market expansion throughout the forecast period. The number of persons needing these scooters worldwide is projected to increase due to the growing number of disabled people. Congenital illnesses, accidents, orthopaedic impairments, or neuromuscular problems are only a few of the causes of mobility disability. In the upcoming years, it's anticipated that the sales of mobility scooters will increase due to the rapidly expanding technological innovation in scooter designs and the release of many mobility goods, including powered scooters, by large corporations.
Restraint:
High Product Cost to Hinder Market Growth
Mobility scooters provide a variety of mobility solutions that give disabled individuals freedom, flexibility, and excellent transportation options. These gadgets are pricey because they rely on electricity or batteries to function. Additionally, because the battery costs as much as the mobility scooter itself, expensive after-market expenditures are necessary. The high price of the products renders them expensive for the populace living in economically underdeveloped nations where spending on lifestyle-easing goods is low and reimbursement practises are subpar.
Opportunity:
Increase in Investments by Governments
Modern consumers are aware of the rising pollution levels brought on by automobiles and their effects on the environment. Therefore, the demand for mobility scooters is being driven by the global increase in awareness regarding the use of battery-powered vehicles. Governments and environmentalists are promoting the benefits of electric vehicles, such as mobility scooters with three and four wheels. The sales of traditional cars, which release dangerous pollutants into the atmosphere, have plummeted as a result. Due to government backing in many developing nations, mobility scooters are becoming more and more popular, which has opened up several potential for companies in the global mobility scooter market.
Threat:
Lack of standardization of EV charging
The electric vehicles battery supply does not have any alternate option for charging. A significant barrier to the expansion of the worldwide market for mobility scooters is the lack of charging stations in the majority of cities. Additionally, erratic infrastructure and range anxiety can cause issues for electric vehicles and endanger the safety of the driver. Additionally, underdeveloped nations require less infrastructure assistance for the use of electric vehicles. Since many residents of rural areas lack access to designated charging stations, it is more difficult to charge an electric mobility scooter at home.
Covid-19 Impact
By affecting the vast majority of businesses worldwide, the coronavirus pandemic has caused disruption in supply chain management and logistics distribution. Forced lockdowns have caused production to stop and manufacturing activities to cease, which has hurt the mobility scooter market internationally. By switching to electronic vehicles, market participants in the mobility scooter market are recouping their losses and re-establishing their businesses. Due to a drop in vehicle manufacturing, the COVID-19 pandemic has had a detrimental impact on the automobile sector and the mobility scooter market. However, mobility scooter producers are concentrating on boosting manufacturing of cutting-edge scooters to draw customers from all over the world.
The four wheeler segment is expected to be the largest during the forecast period
The market for mobility scooters has been segmented into three wheel, four wheel, and other categories based on the number of wheels. In terms of volume and revenue, the four-wheel segment dominated the market for mobility scooters worldwide. The demand for four wheel mobility scooters is rising among consumers all over the world since they are more comfortable than three wheel mobility scooters. In terms of revenue, the three-wheel segment also retained a substantial market share. During the period of the prediction, it is anticipated to grow.
The healthcare payers segment is expected to have the highest CAGR during the forecast period
According to end users, the personal use segment of mobility scooters experienced a large increase in CAGR. This is mostly caused by the ageing population's increasing prevalence of mobility impairments, which will likely accelerate the segment's rise significantly in the coming years. During the projection period, the segment growth is projected to be driven by the quick increase in awareness of the benefits of using scooters specifically made for personal use to restore mobility. Many lightweight scooters are available, including the Travel Scoot, the lightest electric mobility scooter in the world, which is utilised by the older population to travel large distances and make daily lifting simpler.
Region with highest share:
During the forecast period, North America is anticipated to have a sizably lucrative market share. Globally, North America is the top producer of mobility scooters. Major efforts made by governments in North America to support mobility products, particularly scooters, are likely to fuel the market for these devices there. In North America, the baby boomer effect, sophisticated reimbursement practises, and high technological awareness are some additional significant factors that are advantageous. as a result of growing knowledge and increasing discretionary income.
Region with highest CAGR:
Due to the growing number of older persons, the travel mobility scooter market worldwide is predicted to develop at a high CAGR in Asia Pacific. Due to the rising use of scooters as assistance devices among people with lower extremity illnesses and the rapidly expanding senior patient population, Asia-Pacific is predicted to rise quickly throughout the forecast period.
Key players in the market
Some of the key players profiled in the Mobility Scooters Market include Afikim Electric Vehicles, Excel Mobility, Amigo Mobility International Inc., Sunrise Medical, WHILL, Inc., Quingo, Merits Co. Ltd., Pride Mobility Products, Invacare Corporation, Golden Technologies Inc., EV Rider LLC., Hoveround Corp., KYMCO, TGA Mobility, Electric Mobility Euro, Roma Medica, Vermeiren, Drive Medical Design and Manufacturing, Van Os Medical.
Key Developments:
October 2018: Pride Mobility Products Corp. and Quantum Rehab hosted Disability Mentoring Day. The company offered an opportunity to 18 students with disabilities using scooters as an assistive mobility device to be mentored by career professionals in various fields during Disability Mentoring Day (DMD) 2018. Through this, the students using mobility scooters were able to tour and explore their learning in careers in research and development, sales, technical service, and production.
In 2017, Sunrise Medical, one of the major key players has introduced the QM-7 electric wheelchair that is among its premier line of adult power wheelchairs with additional features such as SpiderTrac 2.0 suspension, advanced seating system that supports complex seating and positioning needs.
Type Covered:
• Large (more than 150 cm)
• Medium (110-150 cm)
• Small (less than 110 cm)
Range Covered:
• Less than 10 miles
• 10-20 miles
• More than 20 miles
Number Of Wheels Covered:
• Three Wheeler
• Four Wheeler
Distribution channel Covered:
• Online
• Offline
Application Covered:
• In-House
• Outdoor
• Off-Road
End User Covered:
• Personal Use
• Institutional Use
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook