Mobility Scooters Market
Number of pages: 100 | Report Format: PDF | Published date: January 20, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
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Report Attribute |
Details |
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Market Size Value in 2021 |
US$ 1.28 billion |
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Revenue Forecast in 2030 |
US$ 2.31 billion |
|
CAGR |
6.78% |
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Base Year for Estimation |
2021 |
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Forecast Period |
2022-2030 |
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Historical Year |
2020 |
|
Segments Covered |
Type, Wheel, Battery range, Application, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, and the Rest of the World (RoW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global mobility scooters market was valued at US$ 1.28 billion in 2021 and is expected to register a revenue CAGR of 6.78% to reach US$ 2.31 billion by 2030.
Mobility Scooters Market Fundamental
Mobility scooters are electric vehicles typically used in conjunction with power wheelchairs. A mobility scooter includes a seat over, three, four, or five wheels, a flat space for the feet, and handlebars up front that can be used to guide all steerable wheels.
As a mobility scooter greatly reduces the manual strength issues of an unpowered wheelchair, its tiller steering system still calls for an upright posture, strong shoulders and hands, and some upper-body mobility and strength. In comparison to power wheelchairs, mobility scooters are typically more affordable, simpler to operate over uneven terrain, and more adaptable. These scooters are designed for those who struggle to walk or move around due to a medical condition; however, they do not necessarily require a power wheelchair. Although less prevalent, non-motorized mobility scooters are designed for the 60% of wheelchair users who can at least partially use their legs. These scooters are intended for use in patients with leg problems due to various ailments, such as spinal and neurological conditions.
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Mobility Scooters Market Dynamics
A rise in the adoption of automation in mobility vehicles and advancements in technology are driving revenue growth in the mobility scooters market. Moreover, increase in mobility issues across developed and developing countries owing to varied factors, such as rising elderly population, increasing prevalence of orthopedic conditions, and rising cases of accidents, are expected to propel revenue growth in the global market during the forecast period.
Demand for mobility scooters is expected to increase during the forecast period due to rise in the prevalence of Parkinson's disease and rheumatoid arthritis. Moreover, rise in cases of weakened neurological system among older people and injuries are expected to boost the number of surgical procedures performed across the globe. This, in turn, is projected to help in the revenue expansion of the global mobility scooters market.
Assistive mobility scooters are in high demand in rehabilitation programs, as they help sedentary, disabled individuals gradually regain their body balance and improve their day-to-day lives. The market revenue is expected to increase at a higher CAGR in the next few years due to technical advancements, improving disposable incomes, and rising trend of product leasing. Additionally, increase in the availability of various subsidy programs, access to credit, and financing options are promoting rapid expansion of mobility scooters market.
Manufacturers of mobility scooters are focusing on improvement in quality of their products to make them more functional and user-friendly. For instance, several companies are offering products that can be operated with the help of tablets or smartphones, providing consumers with more freedom and convenience while moving around. Moreover, awareness regarding various benefits provided to specially-abled individuals is increasing across developed and developing countries owing to rise in initiatives by government authorities from these countries. Since mobility scooters provide a practical means of transportation for people with disabilities, demand for this technology is rising across the globe.
However, several challenges limit market revenue growth in rural areas, such as low awareness and a lack of production and manufacturing infrastructure. Also, players in the mobility scooters market are experiencing issues in charging due to absence of charging outlets in the majority of places. Therefore, organizations are concentrating on enhancing the charging infrastructure in major cities.
Mobility Scooters Market Ecosystem
The global mobility scooters market has been analyzed from three perspectives: type, wheel, battery range, application, and region.
Mobility Scooters Market by Type
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Based on the type, the global mobility scooters market is segmented into small (less than 110 cm), medium (110-150 cm), and large (more than 150 cm).
The medium (110-150 cm) segment accounts for the largest revenue share of the global mobility scooters market. This is attributed to a higher stability of this scooter type than the small ones. Medium-sized scooters are the greatest choice for travelers since they are larger and more ergonomic than the smaller ones, provide excellent access, even in confined situations, and are simply mobile (folding and easy to disassemble). The selection of an ideal mobility scooter depends on a few aspects, such as weight, driving surface, accessibility, and independence. Unlike the smaller ones, patients inclined toward selecting a moderate weight and length of the scooter in this instance.
Mobility Scooters Market by Wheel
Based on the wheel, the global mobility scooters market is segmented into two-wheeler, three-wheelers, four-wheelers, and others.
The four-wheeler segment leads the global mobility scooters market in terms of revenue share. This can be attributed to rise in the demand for scooters as they are sturdier than three-wheeler scooters. Generally, three-wheeler scooters can fall when scaling bumps, facing inclines, or turning quickly due to a single wheel in the front. Four wheels provide the mobility scooters greater stability on rocky or uneven terrain. The four-wheel scooter is thoughtfully constructed considering the rider’s utmost comfort while operating. The scooter rides more steadily and comfortably since it can absorb bumps better due to its even number of wheels—two at the front and two at the back. Hence, added safety is provided with four-wheel scooters. Moreover, using a steady four-wheel scooter would make it much safer for an individual to maneuver platforms and ramps. Four-wheel scooters may readily accept extra features, such as oxygen carriers, due to their stability.
Mobility Scooters Market by Battery Range
Based on the battery range, the global mobility scooters market is segmented as less than 10 miles, 10-20 miles, and more than 20 miles.
The 10–20 miles segment accounts for the largest revenue share of the global market. This large revenue share of the segment is attributed to advantages of the mobility scooter with a battery range of 10-20 miles, such as its cost-effective nature and easy rechargeability for daily usage.
Mobility Scooters Market by Application
Based on the application, the global mobility scooters market is segmented into indoor, outdoor, and off-road.
The outdoor segment accounts for the largest revenue share of the global market. The segment's revenue growth is ascribed to rise in the usage of mobility scooters by older people to travel long distances and simplify daily lifting. Mobility scooters have gained popularity as mobility aid due to their improved form and image as well as a decline in stigma on the usage of these scooters.
Mobility Scooters Market by Region
Depending on the region, the global mobility scooters market is segmented into North America, Europe, Asia Pacific, and the Rest of the world (RoW).
North America dominates the global mobility scooters market in terms of revenue share. This is attributed to the large production of these scooters in North America. Increase in the efforts by government authorities in developed countries from North America to support mobility products, specifically scooters, is projected to fuel the market revenue growth in the region. The availability of state-of-the-art medical facilities and established reimbursement policies are the key factors driving revenue growth in the North America market. Furthermore, high prevalence of target disorders, such as arthritis, Parkinson's disease, and other chronic disorders, is expected to fuel the market revenue growth during the forecast period.
Mobility Scooters Market Competitive Landscape
The most prominent companies operating in the global mobility scooters market are:
Mobility Scooters Market Strategic Developments
A mobility scooter is a movement assistance device with a design resembling a motorcycle. These scooters are intended for individuals with trouble walking or getting around; however, they do not necessarily need a power wheelchair. Additionally, these scooters are useful for those who must use a powerchair for short-distance travel or lengthy standing, as well as those who are unable to drive a car owing to a medical condition.
The aging population, prevailing chronic neurological disease and injuries, rising prevalence of Parkinson's disease and rheumatoid arthritis, and technological advancements are the key factors driving the global mobility scooters market revenue growth.
Afikim Electric Vehicles, Amigo Mobility International Inc., Drive Medical Design and Manufacturing EV Rider LLC., and Excel Mobility are among the prominent market players.
Low awareness and lack of production and manufacturing infrastructure in rural areas are some of the challenges that limit revenue growth of the mobility scooters market.
The global mobility scooters market is expected to register a revenue CAGR of 6.78% during the forecast period.
*Insights on financial performance are subject to the availability of information in the public domain