The global mobility scooters market was valued at more than $1 billion in 2020. It is forecast that the market will grow at a CAGR of more than 6% during the forecast period from 2021-2027.
An electric mobility scooter is a mobility aid used as an auxiliary to a power wheelchair with a similar configuration to a motorcycle. Vehicles with multiple features, such as electric propulsion provide indoor and outdoor mobility to people with limited mobility & independence. Several different types of mobility scooters, including three and four-wheelers, are available to meet the needs of elderly people with impaired strength and balance. Front-wheel drive mobility scooters and rear-wheel drive mobility scooters are available. Scooters with front-wheel drive are smaller and are primarily used indoors, whereas scooters with rear-wheel drive are also used indoors and outdoors.
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Factors Impacting the Global Mobility Scooters Market
- Rider weight capacity is higher on rear-wheeled scooters than front-wheeled scooters. In the coming years, mobility scooters will have a significant growth rate and will serve as a cost-effective alternative to wheelchairs.
- Globally, the market for electric mobility scooters is growing due to factors such as an inclination toward using them as an environmentally friendly and efficient solution, increasing numbers of senior citizens, and increased awareness for advancements in mobility.
- During the forecast period, barriers to market growth include the lack of standardization for EV charging and the high cost of batteries.
- The widespread availability of credit & financing options during the forecast period as well as rising R&D investments provide lucrative growth opportunities for the market.
Impact of Covid-19 on the Global Mobility Scooters Market
- World health, humanitarian, and economic challenges have been unprecedented since Covid-19.
- Automobile and mobility are among the most hard-hit sectors on the business front. Many consumers are unable to purchase new vehicles due to lockdown measures and other restrictions, similar to those seen in countries where Covid-19 first spread.
- Despite the rapid spread of the disease, new and old vehicle demand has decreased significantly due to a downturn in demand.
- After the pandemic, industry experts expect greater reliance on personal mobility and a sustained increase in the demand for electric vehicles.
- Coronavirus containment measures such as lockdowns and shelters-at-home orders are effective. Financial hardship has also resulted from them. It is no longer unusual to work from home, cancel trips, and even forego outings to restaurants and grocery stores, which has triggered a steep decline in ridership and revenue for lightweight vehicles, such as bicycles, e-scooters, and mopeds.
Regional Analysis of the Global Mobility Scooters Market
Mobility scooters account for a significant percentage of the global market in the United States and European countries, notably the U.K. Several factors contribute to the dominance of the market in North America, including government policies and the high demand for mobility scooters. Another key factor that drives market growth is the baby boomer effect, sophisticated reimbursement policies, and heightened awareness about the device. Due to increased awareness and rising disposable income, Europe held the second-largest share of the global mobility scooter market after North America. A higher growth rate for the Asia Pacific is expected due to its massive untapped population as well as increased awareness of health care among patients.
Key Market in Players in the Global Mobility Scooters Market
Among the leading players in the market for mobility scooters are:
- Pride Mobility Products
- Amigo Mobility International Inc.
- Afikim Electric Vehicle
- EV Rider LLC.
- Hoveround Corp.
- Merits Co. Ltd.
- Quingo
- Golden Technologies Inc.
- Drive Medical Design and Manufacturing
- Sunrise Medical
Segment Analysis of the Global Mobility Scooter Market
Mobility scooters were segmented into three different categories in this report: Type, Range, and a number of wheels.
Segmentation based on Type
- Small (Less than 110 cm)
- Medium (110-150 cm)
- Large (More than 150 cm)
Segmentation based on Range
- Less than 10 Miles
- 10-20 Miles
- More than 20 Miles
Segmentation based on Number of Wheels
- Three Wheeler
- Four Wheeler
Table of Content
Chapter 1: Global Mobility Scooters Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Mobility Scooters market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Mobility Scooters Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Mobility Scooters market Size Forecast (2023-2032).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Mobility Scooters market revenues on a global, regional, and country level, projecting trends until 2032. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Mobility Scooters market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Mobility Scooters market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Mobility Scooters business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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