Mobility Scooters Market Statistics 2030 -
The global mobility scooters market was valued at $1.72 billion in 2020, and is projected to reach $3.21 billion by 2030, registering a CAGR of 6.5% from 2021 to 2030.
Mobility scooters are electric propelled, mobility aid equivalent or auxiliary to a power wheelchair configured similar to a motorcycle. They are multi-featured vehicles that are electrically powered and at the same time offer individuals with limited mobility & independence to move indoor and outdoor. Mobility scooters are available in three wheeler or four wheeler and are majorly required by elderly population with impaired strength and balance. Mobility scooters are available in two forms, front-wheel drive and rear-wheel drive. Front-wheel drive scooters are smaller and are primarily used indoors, whereas the rear-wheel drive scooters are used both outdoors and indoors. The rider weight capacity of a rear-wheel drive scooter is higher than the front-wheel drive scooter. Mobility scooters act as an alternative to wheelchairs and the market is expected to have a significant growth rate during the forecast period.
Factors, such as inclination toward the use of electric mobility scooters as an eco-friendly & efficient solution, increased percent of senior citizens, and rising awareness for advanced mobility devices, supplement the growth of the market across the globe. Moreover, factors, such as lack of standardization of EV charging and high cost of battery, hamper the growth of the market during the forecast period. However, growing R&D investments for enhanced battery technologies and greater availability of credit & financing options provide lucrative opportunities for the growth of the market during the forecast period.
The global mobility scooter market report has been segmented into type, range, number of wheels, and region. By type, the market is divided into small (less than 110 cm), medium (110-150 cm), and large (more than 150 cm). By range, it is classified into less than 10 miles, 10-20 miles, and more than 20 miles. By number of wheels, it is bifurcated into three wheeler and four wheeler. By region, the market has been studied across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the global mobility scooter market include Afikim Electric Vehicles, Amigo Mobility International Inc., Drive Medical Design and Manufacturing, EV Rider LLC., Golden Technologies Inc., Hoveround Corp., Merits Co. Ltd., Pride Mobility Products, Quingo, and Sunrise Medical.
Inclination toward the use of electric mobility scooters as an eco-friendly & efficient solution
Continuously growing global fuel emission has been one of the foremost concerns for governments and environmentalists from the past few years. This bolsters the demand for electric propelled mobility scooters across the globe, thereby supplementing the growth of the market. Furthermore, technological advancements toward offering smart mobility have created numerous opportunities for the growth of global mobility scooters market across the globe. In addition, companies operating across the mobility scooter industry have developed and introduced numerous mobility scooters to be used in different industries, thereby supplementing the growth of the market.
By Type
Large (More than 150 cm) is projected as the most lucrative segments
Rising awareness for advanced mobility devices
The proportion of aged population across the globe is rising at a rapid rate. With the growing age, the geriatric population is more prone to mobility disorders, which is anticipated to propel the market growth during the forecast period. The increasing disabled population is expected to boost the number of people requiring these scooters across the globe. According to the U.S. Census Bureau report of 2018, 40% of American adults aged 65 and older are reported to have mobility disability while having trouble with walking or standing. Mobility impairment may be caused by a number of factors such as congenital disorder, accidents, and orthopedic impairments, or neuromuscular disorders. The rapidly growing technological innovation in scooter designs and the introduction of several mobility products, such as powered scooters, by major companies are expected to expand the sales of mobility scooters in the forthcoming years.
By Range
Less than 10 miles is projected as the most lucrative segments
Lack of standardization of EV charging
The electric vehicles battery source does not have any alternative source for charging. Shortage of charging points in most of the cities is a major challenging factor for growth of the global mobility scooters market. Furthermore, inconsistent infrastructure and range anxiety can create a problem for electric vehicles and can put the traveler at risk. Moreover, the implementation of supportive infrastructure required for electric vehicles in developing countries is less. Charging such vehicles in rural areas is a bigger issue where many people don’t have a dedicated charging spot, which makes it difficult to charge an electric mobility scooter at home. Furthermore, as the technology is not matured enough, apart from China, the sales of electric vehicles are extremely less as compared to other vehicle sale.
By Number Of Wheels
Four wheeler is projected as the most lucrative segments
Growing R&D investments for enhanced battery technologies
Continual R&D and improvements in battery technology have helped improve the storage capacity and reduce the overall cost of batteries, such as lithium-ion batteries, making them a popular choice for mobile, low-cost devices such as electric kick scooters. In addition, ongoing development of technological advanced battery technologies, such as graphene batteries, solid-state electrolyte batteries, and zinc-manganese oxide batteries, helps to improve the range of electric vehicles, reduce overall weight, charging time as well as lower the carbon footprints, which is expected to offer lucrative growth opportunities for affordable mobility scooter market. For instance, March 2021, a Spain-based company Grabat developed graphene batteries, which can be charged to full in just a few minutes and can charge and discharge 33 times faster than lithium ion. Moreover, the slow charging time required for electric mobility scooters is one of the major concerns among the users. To address this concern, manufacturers are investing heavily on R&D to improve the charging time and range of these vehicles. For instance, in 2020, Japanese company Power Plan Plus announced the development of a carbon battery that gets charged 20 times faster than other batteries. Thus, the growing R&D investments and technological advancement for enhanced batteries are offering growth opportunities for the market.
By Region
Asia-Pacific would exhibit the highest CAGR of 9.5% during 2021-2030.
COVID-19 IMPACT ANALYSIS
- COVID-19 has presented the world with an unprecedented economic, humanitarian, and healthcare challenge.
- On the business side, the automotive and mobility sectors are among the hardest hit. Following the pattern witnessed in countries where COVID-19 spread earlier, lockdown measures and other restrictions have limited travel and left many consumers unable or unwilling to purchase vehicles.
- Rapid spread of the disease has led to a significant impact on the global automotive industry, with a downturn in demand for new and old vehicles.
- Industry experts believe that post the pandemic, last-mile conveyance will shift toward personal mobility and the electric vehicle industry will register a suitable growth rate.
- While lockdown measures and shelter-at-home orders are helping contain the coronavirus. They have also brought severe financial hardship. Amid a new reality of working from home, canceling trips, and even forgoing outings to restaurants and grocery stores, the mobility industry encompassing a range of lightweight vehicles, such as bicycles, e-scooters, and mopeds, is facing devastating declines in ridership and revenue.
Key Benefits For Stakeholders
- This study presents analytical depiction of the global mobility scooters market analysis along with current trends and future estimations to depict imminent investment pockets.
- The overall mobility scooters market opportunity is determined by understanding profitable trends to gain a stronger foothold.
- The report presents information related to the key drivers, restraints, and opportunities of the global mobility scooters market with a detailed impact analysis.
- The current mobility scooters market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Key Market Segments
By Type
- Small (Less than 110 cm)
- Medium (110-150 cm)
- Large (More than 150 cm)
By Range
- Less than 10 Miles
- 10-20 Miles
- More than 20 Miles
By Number of Wheels
- Three Wheeler
- Four Wheeler
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY PLAYERS
- Afikim Electric Vehicles
- Amigo Mobility International Inc.
- Drive Medical Design and Manufacturing
- EV Rider LLC.
- Golden Technologies Inc.
- Hoveround Corp.
- Merits Co. Ltd.
- Pride Mobility Products
- Quingo
- Sunrise Medical
Mobility Scooters Market Report Highlights
| Aspects | Details |
 By TYPE |
|
 By RANGE |
|
 By NUMBER OF WHEELS |
|
 By Region |
|
 Key Market Players | Hoveround Corporation, Pride Mobility Products Corp., Sunrise Medical, Merits Health Products, Inc., Golden Technologies, Amigo Mobility International Inc., EV RIDER LLC, Afikim Electric Vehicles, Drive DeVilbiss Healthcare, Quingo |
Analyst Review
The mobility scooters market is supplemented by numerous developments carried out by the top mobility scooter manufacturers, which led to the growth of the market. Moreover, the increased count of senior citizens followed by increased application of mobility scooters in different industries provides lucrative opportunities for the growth of the market during the forecast period.
Inclination toward the use of electric mobility scooters as an eco-friendly & efficient solution as well as rising awareness for advanced mobility devices has also proved to be a supplementing factor for the growth of mobility scooter market. Moreover, growing R&D investments for enhanced battery technologies and greater availability of credit & financing options are also expected to provide opportunities for the growth of the market during the forecast period.
Factors, such as inclination toward the use of electric mobility scooters as an eco-friendly & efficient solution, increased percent of senior citizens, and rising awareness for advanced mobility devices, supplement the growth of the market across the globe. Moreover, factors, such as lack of standardization of EV charging and high cost of battery, hamper the growth of the market during the forecast period. However, growing R&D investments for enhanced battery technologies and greater availability of credit & financing options provide lucrative opportunities for the growth of the market during the forecast period.
Among the analyzed regions, North America is the highest revenue contributor, followed by Europe, Asia-Pacific, and LAMEA. On the basis of forecast analysis, Asia-Pacific expected is to maintain its lead during the forecast period, owing to increased production and sales of mobility scoters followed by the need for efficient aftermarket services.
The global mobility scooters market was valued at $1.72 billion in 2020, and is projected to reach $3.20 billion by 2030, registering a CAGR of 6.5%.
Post Covid shows a suitable growth in the mobility scooter market due to the demand for personal mobility vehicles among individuals.
The sample for global mobility scooters market report can be obtained on demand from the AMR website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.
Introduction of lonmg range mobility scooters are the upcoming trends in mobility scooter industry
Numerous models offered by different companies offer fastest mobility scooter models.
The company profiles of the top market players of mobility scooters market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the mobility scooters market.
Asia-Pacific is and will provide more business opportunities for mobility scooter in future
By range sis the most influencing segment in the global market
UK, Germany, China, Japan are the key matured markets growing in the mobility scooters industry
Continuous product development followed by the introduction of advanced mobility scooters are the known and unknown adjacencies impacting the mobility scooter market
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