Global Mobility Scooter Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

"Global Mobility Scooter Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global mobility scooter market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. Global mobility scooter market report has been segmented on the basis of type, number of wheels, application, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Introduction:

Mobility scooters are electrically operated vehicles, which acting as a substitute of traditionally used mobility aids such as walkers and wheelchairs. Mobility scooters are primarily battery powered and available in 3-wheel or 4-wheel layouts and considered as a power-operated bicycle. In most cases driver’s license is not required to operate mobility scooters, nor should be registered, plated, or insured.

Dynamics:

Increasing prevalence of mobility problems, rise in disposable income, and high capital spending on personal care and leisure items, are some of the factors expected to drive growth of the global market over the forecast period. In recent times, such scooters are widely substituting the traditionally used mobility aids for elder population and people with disabilities or medical conditions. Shifting trends towards usage of e-vehicles owing to environmental benefits is also anticipated to drive the mobility scooter market growth in terms of revenue and volume during the forecast period. However, high cost of the electric mobility scooters and maintenance cost of the scooter may hamper demand for mobility scooters and restrains growth of the global mobility scooter market.

Regional Analysis:

Geographically, North America accounts for the highest share to the global market and expected to maintain its dominance over the forecast period. US government support in the form of subsidies and funding is benefiting the sales of mobility scooters. For instance, the Patient Protection and Affordable Care Act, 2010 and The Older Americans Act of 1965 in the US, and the DTCC in Canada encourage the purchase of mobility scooters which propel demand for mobility scooter during the forecast period. Furthermore, Asia Pacific is expected to contribute significant share to the global mobility scooter market in the forecast period. According to review report of United Nation, 2017, Asia Pacific region displayed a rapid demographic aging. Whereas, Latin America and Middle East & Africa are expected to register moderate growth in terms of revenue in the global market over the forecast period.

According to the World Health Organization (WHO), the global geriatric population is anticipated to rise from 7% in 2000 to 16% in 2050. Aging and age-related illnesses significantly affect personal mobility. Around 80% of those with osteoarthritis have limitations in movement and around 25% cannot perform daily activities. These factors expected to fuel growth of the mobility scooter market across the globe over the forecast period. In addition, favorable reimbursement policies and the effort toward reducing patient expenditures in north America, supports adoption of mobility scooters. For Instance, various government initiatives undertaken for increasing accessibility of mobility devices. In recent time, World Health Organization (WHO) has introduced priority Assistive Products List (APL) for improving access to high quality and affordable assistive devices thereby supporting various initiatives such as Global Co-operation Assistive Technology (GATE).

Global Mobility Scooter Market Segmentation:

By Type

• Boot Scooters
• Mid-type Scooters
• Road Scooters

By Number of wheels:

• 3-wheeler
• 4-wheeler
• 5-wheeler

By Application:

• Residential
• Commercial

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa