"Designing Growth Strategies is in our DNA"
The global mobility scooter market size was USD 1.21 billion in 2018 and is projected to reach USD 2.13 billion by 2026, exhibiting a CAGR of 7.3% during the forecast period.
Mobility scooters, also known as electric mobility scooters, are multi-featured mobility aid equipment that are battery-powered, offering individuals with limited mobility the freedom and independence to move outdoors and indoors. The electrically powered mobility scooters are available in 3-wheel or 4-wheel layouts. These power scooters are majorly required by the elderly population with impaired strength and balance. The dramatic rise in the aging population worldwide is likely to boost the mobility scooters demand during the forecast period. According to the World Health Organization (WHO), by 2050, the aged population of 60 years and above is expected to reach 2 billion from 900 million in the year 2017. Growing technological advancements and the gradual rise in the number of mobility scooters manufacturers are likely to boost the medical mobility scooters market growth during the forecast period.
Request a sample to learn more about this report.
“Growing Aging Population and Rise in Healthcare Awareness to Drive the Market”
The proportion of the aged population across the globe is rising at a rapid rate. With aging, the geriatric population gets more prone to mobility disorders which are anticipated to propel the mobility scooter market growth during the forecast period.
Increasing disabled population is likely to boost the number of the people needing mobility scooters during the forecast period. According to a U.S. Census Bureau report of 2017, 40% of American adults aged 65 and older reported to have mobility disability, having trouble with walking or standing.
Mobility impairment may be caused by a number of factors such as congenital disorder, accidents, and maybe the result of orthopedic impairments or neuromuscular disorders.
Rapidly growing technological innovations in mobility scooters and the introduction of many products such as powered mobility scooters by many companies are expected to expand the sales of mobility scooters during the forthcoming years.
“Rise in Affordability to Boost the Sales of 4 Wheel Segment in Mobility Scooter Market”
Based on wheels, the market segments include 3 Wheels, 4 Wheels, and others. Among them, the 4-wheels segment held the largest market share in the year 2018. Growing usage of 4-wheel powered scooters among elderly people, increasing spending capacity and thereby affordability, and rising awareness about the advantages of using them are likely to boost the growth of the segment during the forecast period. The 4-wheel mobility scooters offer higher stability, are more rugged, and are of excellent choice for use on roads and rough terrain, making it the preferred choice for traveling a longer distance.
To know how our report can help streamline your business, Speak to Analyst
The 3- wheel segment is highly suitable for light outdoor usage, has good maneuverability, and are more comfortable than compact model scooters. The growing number of players engaged in 3-wheel mobility scooters are likely to fuel the segment growth during the forecast period.
“Personal Users Segment to Dominate Throughout the Forecast Period in the Market”
Based on end-user, the market has been categorized into personal users and institutional users. Among them, the individual user segment captured a significant share of medical mobility scooters. This is mainly due to the rising prevalence of mobility disabilities among the geriatric population, which in the future is likely to boost the growth of the segment at a significant rate. Rapid growth in awareness about the advantages of using scooters to regain mobility specifically designed for personal use is likely to propel the segment growth during the forecast period, according to the mobility scooter market research report. There is a large number of lightweight mobility scooters such as the TravelScoot, which is the world’s lightest electric mobility scooter used by many elders to travel long distances and making it easier to lift around several times a day. Such advancements are likely to boost the usage of mobility scooters for personal use. Moreover, with growing economies of many developing nations, the purchasing power of the mobility scooters for personal use is likely to be increased during the forecast period, further augmenting the growth of the segment.
The institutional user segment is projected to witness remarkable growth during the forecast period owing to the growing preference of battery-operated mobility scooters over manual wheelchairs among medical care providers in elderly care centers.
Geographically, the mobility scooter segments include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among them, North America dominated the mobility scooter market share during the forecast period. Initiatives taken by governments in the region in increasing accessibility to mobility scooters among people in need to access assistive mobility aid equipment is likely to fuel the market demand during the forecast period. Moreover, the rise in the aging population and a strong footprint of key players are anticipated to boost the market growth in North America.
North America Mobility Scooter Market Size, 2018 (USD Million)
To get more information on the regional analysis of this market, Request a sample
Europe is anticipated to hold the second-largest market share owing to a rise in the usage of mobility scooters. According to the report by ClinMed International Library, an estimated 300,000-350,000 mobility scooters were used in the U.K in 2017. The report further states that this is expected to rise in number with the growing aging population, further boosting the mobility scooter market size of UK during the forecast period.
Asia-Pacific is likely to witness fast-paced growth during the forecast period majorly due to the growing adoption of mobility scooters as an assistive device among the population with lower extremities conditions and the rapidly growing geriatric patient population.
Latin America and Middle East & Africa are likely to experience slow growth in the market owing to the lower adoption of the mobility scooters and limited product offerings by the key players in the region.
“Strong Product Offerings by Key Players to Propel the Mobility Scooter Industry Growth”
Van Os Medical B.V., Pride Mobility Products Corp., Medical Depot, Inc., Golden Technologies, and Invacare Corporation are the leading players in the global market with a strong brand presence combined with a wide range of product offerings. These players are likely to continue their dominance in the mobility devices area and generate strong sales during the forecast period owing to the development of highly advanced mobility scooters.
Other players involved in the distribution and manufacturing of mobility scooters with a considerable market share include Afikim Electric Vehicles, Amigo Mobility International, and others.
To gain extensive insights into the market, Request for Customization
The mobility scooter market report provides detailed information regarding various insights into the market. Some of them are growth drivers, restraints, competitive landscape, regional analysis, and challenges. It further offers an analytical depiction of the mobility scooters market trends and estimations to illustrate the forthcoming investment pockets. The market is quantitatively analyzed from 2015 to 2026 to provide the financial competency of the market. The information gathered in the report has been taken from several primary and secondary sources.
Value (USD Million)
As per Fortune Business Insights study, the market is predicted to reach USD 2.13 billion by 2026.
In 2018, the market was valued at USD 1.21 billion.
The market is projected to grow at a CAGR of 7.3% during the forecast period (2019-2026).
The 4 wheel is the leading segment in the market by wheels.
Growing aging population and increasing adoption of advanced mobility scooters are the key factors driving the growth of the market.
Invacare Corporation, Ottobock, Sunrise Medical Limited, Pride Mobility Products Corp., and Permobil are the top players in the mobility scooters market.
North America is expected to hold the highest share in the market.
Personal use segments in the end-user category are expected to drive the adoption of the market.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry