Mobility Scooters Market size was valued at US$ 1.83 Bn. in 2021 and the total revenue is expected to grow at 6.5% through 2022 to 2029, Mobility Scooters Market is reaching nearly US$ 3.03 Bn. by 2029.
Mobility Scooters Market OverviewMobility scooters are electric-powered mobility aids that are comparable to motorcycles and can be used as an alternative or auxiliary to a power wheelchair. They are multi-featured, electrically propelled vehicles that allow people with restricted mobility and independence to navigate both indoors and outside. Mobility scooters come in three or four wheeled versions and are primarily used by older people who have lost their strength and balance. Front-wheel drive and rear-wheel drive mobility scooters are both available. Front-wheel drive scooters are smaller and used mostly indoors, but rear-wheel drive scooters are used both outside and indoors. To know about the Research Methodology :- Request Free Sample Report
Mobility Scooters Market Dynamics:Factors such as a preference for electric mobility scooters as an environmentally clean and effective option, an increase in the % age of older individuals, and expanding awareness for innovative mobility gadgets all contribute to the market's global expansion. Issues such as the lack of EV charging standardisation and the high cost of batteries may limit the market's growth throughout the forecast period. Increasing R&D investments for improved battery technology, as well as increased credit and financing choices, give profitable potential for market expansion over the forecast period. Continuously rising global fuel emissions have been one of governments' and environmentalists' top worries in recent years. This boosts demand for electric driven mobility scooters around the world, contributing to the market's growth. Furthermore, technological breakthroughs in the field of smart mobility have opened up several potential for the global mobility scooters market to grow. Firms in the mobility scooter sector have created and produced a variety of mobility scooters for usage in various industries, consequently augmenting the market's growth. The geriatric population is becoming more prone to mobility issues as they age, which is expected to drive market growth over the forecast period. The world's growing disabled population is predicted to grow the number of persons who require these scooters. According to a 2019 U.S. Census Bureau estimate, 40 % of Americans aged 65 and older have mobility disabilities, meaning they have difficulty walking or standing. Congenital abnormalities, accidents, orthopaedic impairments, and neuromuscular problems are all possible causes of mobility disability. Mobility scooter sales are predicted to grow in the future years, thanks to rapidly expanding technological innovation in scooter designs and the release of many mobility goods, such as powered scooters, by significant corporations. There is no alternate source of charging for electric vehicles' batteries. The lack of charging stations in most places is a major stumbling block to the global mobility scooter market's growth. In addition, inconsistencies in infrastructure and range anxiety can be a concern for electric vehicles, putting passengers in risk. The development of supportive infrastructure for electric vehicles is weaker in developing countries. Charging such vehicles in rural locations is a significant problem because many individuals don't have access to a dedicated charging station, making charging an electric mobility scooter at home problematic. Because the technology is not yet mature, electric car sales are exceedingly low in comparison to other vehicle sales outside of China.
Mobility Scooters Market Segment Analysis:Based on no of Wheel, the market is sub-segmented into 3-wheeler, 4-wheeler and 5-wheeler. 4 Wheel, one of the segments, is expected to grow at a 5.6 % CAGR during the forecast period. Following an early assessment of the pandemic's business ramifications and the resulting economic crisis, the 3 Wheel segment's growth is revised to a revised 6.9% CAGR for the following seven years. Based on Distribution Channel, market is sub-segmented into online and offline. Online segment is estimated to hold the xx% market share as growing the popularity of e-commerce, usage of smartphones, and use of the internet. Online retailing provides more discounts and wider options to purchase, the online platform becomes popular owing to that it provides the delivery to the doorstep by order of products. Because of this difference in service, it is widely accepted that internet vendors may sell mobility scooters at significantly reduced pricing. Retailers aren't confident in their ability to communicate this difference in service to customers, and as a result, some customers are feeling insecure. According to anecdotal evidence, some customers appear to be visiting merchants for evaluation and assistance on acceptable models before purchasing them online.
Global Mobility Scooters Market Regional Analysis:In the year 2021, the Mobility Scooters market in the United States is expected to be worth US$ 398.7 million. China, the world's second largest economy, is expected to reach a projected market size of US$ 389 million by 2029, representing a 5.5 % CAGR from 2022 to 2029. Japan and Canada are two more important geographic markets, with forecasted growth rates of 5.5 % and 4.7 %, respectively, from 2022 to 2029. Germany is expected to expand at a CAGR of around 4.9 % in Europe. Because of government policies and increasing demand for mobility scooters, North America dominates the market. Other major aspects benefiting the market in North America include the baby boomer effect, sophisticated reimbursement procedures, and high awareness of the technology. Due to increased knowledge and rising disposable income, Europe accounted for the second highest proportion of the global mobility scooters market, trailing only North America. However, due to a large untapped population and increased patient awareness of health care, Asia Pacific is predicted to develop at a faster rate. The objective of the report is to present a comprehensive analysis of the global Mobility Scooters Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Mobility Scooters Market dynamics, structure by analyzing the market segments and project the global Mobility Scooters Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Mobility Scooters Market make the report investor’s guide.
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Global Mobility Scooters Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 1.83 Bn. Forecast Period 2022 to 2029 CAGR: 6.5 % Market Size in 2029: US $ 3.03 Bn. Segments Covered: by Type • Boot scooters • Mid-type scooters • Road scooters by No of Wheel • 3-wheeler • 4-wheeler • 5-wheeler by Distribution Channel • Online • Offline
Mobility Scooters Market, by Region• North America • Europe • Asia Pacific • Middle East and Africa • South America
Mobility Scooters Market Key Players• Quingo • Invacare • Drive medical • Afikim Electric Vehicles • Amigo Mobility International • Golden Technologies • Hoveround • KYMCO • Merits Health Products • Sunrise Medical • TGA Mobility • Pride Mobility Products • Electric Mobility Euro • Van Os Medical • Roma Medical • Vermeiren
Frequently Asked Questions:1) What was the market size of Global Mobility Scooters Market in 2021? Ans - Global Global Mobility Scooters Market was worth US$ 1.83 Bn. 2021. 2) What is the market segment of the Mobility Scooters Market? Ans -The market segments are based on Type, Number of wheel and distribution channel. 3) What is the forecast period considered for Global Mobility Scooters Market? Ans -The forecast period for Global Mobility Scooters Market is 2022 to 2029. 4) What is the market size of Global Mobility Scooters Market markets in 20297? Ans – Global Mobility Scooters Market is estimated as worth US$ 3.03 Bn. 5) Which region is dominated in Global Mobility Scooters Market? Ans -In 2021, North America region dominated the Global Mobility Scooters Market.
1. Global Mobility Scooters Market : Research Methodology 2. Global Mobility Scooters Market : Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Mobility Scooters Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Mobility Scooters Market : Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-17.6 Impact 4. Global Mobility Scooters Market Segmentation 4.1. Global Mobility Scooters Market ,by Type (2021-2029) • Boot scooters • Mid-type scooters • Road scooters 4.2. Global Mobility Scooters Market ,No of Wheel (2021-2029) • 3-wheeler • 4-wheeler • 5-wheeler 4.3. Global Mobility Scooters Market ,Distribution channel (2021-2029) • Online • Offline 5. North America Mobility Scooters Market (2021-2029) 5.1. North America Mobility Scooters Market ,by Type (2021-2029) • Boot scooters • Mid-type scooters • Road scooters 5.2. North America Mobility Scooters Market ,No of Wheel (2021-2029) • 3-wheeler • 4-wheeler • 5-wheeler 5.3. North America Mobility Scooters Market ,Distribution channel (2021-2029) • Online • Offline 5.4. North America Mobility Scooters Market , by Country (2021-2029) • US • Canada • Mexico 6. European Mobility Scooters Market (2021-2029) 6.1. European Mobility Scooters Market ,by Type (2021-2029) 6.2. European Mobility Scooters Market , No of Wheel (2021-2029) 6.3. European Mobility Scooters Market ,Distribution channel (2021-2029) 6.4. European Mobility Scooters Market , by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Mobility Scooters Market (2021-2029) 7.1. Asia Pacific Mobility Scooters Market ,by Type (2021-2029) 7.2. Asia Pacific Mobility Scooters Market , No of Wheel (2021-2029) 7.3. Asia Pacific Mobility Scooters Market ,Distribution channel (2021-2029) 7.4. Asia Pacific Mobility Scooters Market , by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Mobility Scooters Market (2021-2029) 8.1. Middle East and Africa Mobility Scooters Market ,by Type (2021-2029) 8.2. Middle East and Africa Mobility Scooters Market , No of Wheel (2021-2029) 8.3. Middle East and Africa Mobility Scooters Market ,Distribution channel (2021-2029) 8.4. Middle East and Africa Mobility Scooters Market , by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Mobility Scooters Market (2021-2029) 9.1. Latin America Mobility Scooters Market ,by Type (2021-2029) 9.2. Latin America Mobility Scooters Market , No of Wheel (2021-2029) 9.3. Latin America Mobility Scooters Market ,Distribution channel (2021-2029) 9.4. Latin America Mobility Scooters Market , by Country (2021-2029) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Quingo 10.1.1. Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Invacare 10.3. Drive medical 10.4. Afikim Electric Vehicles 10.5. Amigo Mobility International 10.6. Golden Technologies 10.7. Hoveround 10.8. KYMCO 10.9. Merits Health Products 10.10. Sunrise Medical 10.11. TGA Mobility 10.12. Pride Mobility Products 10.13. Electric Mobility Euro 10.14. Van Os Medical 10.15. Roma Medical 10.16. Vermeiren