Executive Summary

The global mobility scooters market is expected to grow significantly in the coming years due to the rising prevalence of chronic diseases that affect mobility and the growing aging population. The market is highly competitive, with several key players dominating the market. North America is the largest market for mobility scooters, followed by Europe and the Asia-Pacific region.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Key Market Insights

• The global mobility scooters market is expected to grow at a CAGR of 7.2% from 2021 to 2028.
• North America is the largest market for mobility scooters, followed by Europe and the Asia-Pacific region.
• The rising prevalence of chronic diseases that affect mobility, such as arthritis and multiple sclerosis, is driving the demand for mobility scooters.
• The growing aging population is also contributing to the growth of the market, as older individuals are more likely to experience mobility impairments.
• Technological advancements in mobility scooters, such as the development of lighter and more compact models, are also driving the growth of the market.

Market Drivers

The following are the key drivers of the mobility scooters market:

• Rising prevalence of chronic diseases: The increasing prevalence of chronic diseases that affect mobility, such as arthritis, multiple sclerosis, and Parkinson’s disease, is driving the demand for mobility scooters. These devices enable individuals with mobility impairments to move around more easily and independently, improving their quality of life.
• Growing aging population: The global population is aging rapidly, with the number of individuals aged 65 years and above expected to double by 2050. Older individuals are more likely to experience mobility impairments, driving the demand for mobility scooters.
• Technological advancements: Technological advancements in mobility scooters, such as the development of lighter and more compact models, are driving the growth of the market. These devices are becoming more user-friendly and easier to operate, which is attracting more consumers.

Market Restraints

The following are the key restraints of the mobility scooters market:

• High cost: Mobility scooters can be expensive, with some models costing thousands of dollars. This high cost can be a barrier to entry for many consumers, particularly those with limited financial resources.
• Lack of awareness: Many individuals with mobility impairments are not aware of the availability of mobility scooters and their benefits. This lack of awareness can limit the growth of the market.
• Safety concerns: There have been concerns about the safety of mobility scooters, particularly regarding their use on public roads and sidewalks. This has led to increased regulations and restrictions, which could limit the growth of the market.

Market Opportunities

The following are the key opportunities in the mobility scooters market:

• Emerging markets: The mobility scooters market is still relatively underdeveloped in many emerging markets. As these markets continue to grow and develop, there is an opportunity for increased demand for mobility scooters.
• Online sales: The rise of e-commerce and online sales presents an opportunity for mobility scooter manufacturers to reach a broader audience and increase sales. Online sales also provide a convenient and efficient way for consumers to purchase mobility scooters.
• Customization: There is an opportunity for manufacturers to offer customized mobility scooters that meet the specific needs of individual consumers. This can include features such as adjustable seats, storage compartments, and specialized controls.

Market Dynamics

The mobility scooters market is highly competitive, with several key players dominating the market. The market is expected to continue to grow as the global population ages and the prevalence of chronic diseases that affect mobility increases. However, the market also faces challenges such as high costs and safety concerns.

Regional Analysis

North America is the largest market for mobility scooters, followed by Europe and the Asia-Pacific region. This is due to the high prevalence of chronic diseases and aging populations in these regions. The Asia-Pacific region is expected to grow at the fastest rate due to the increasing prevalence of chronic diseases and growing middle-class population.

Competitive Landscape

Leading Companies in the Mobility Scooters Market:

1. Pride Mobility Products Corp.
2. Invacare Corporation
3. Drive DeVilbiss Healthcare
4. Sunrise Medical (US) LLC
5. KYMCO Healthcare UK Ltd.
6. Electric Mobility Euro Ltd.
7. Golden Technologies
8. Quingo
9. TGA Mobility
10. Roma Medical Aids Ltd.

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Segmentation

The mobility scooters market can be segmented based on the following:

• Type: 3-wheel scooters, 4-wheel scooters, and others
• End-user: Home care settings, hospitals, and others
• Geography: North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Category-wise Insights

• Based on type, the 4-wheel scooters segment is expected to dominate the market due to its stability and increased maneuverability.
• Based on end-user, the home care settings segment is expected to dominate the market due to the growing number of individuals with mobility impairments who are receiving care at home.

Key Benefits for Industry Participants and Stakeholders

The following are the key benefits for industry participants and stakeholders:

• Increased demand for mobility scooters due to the growing aging population and prevalence of chronic diseases.
• Opportunities to expand into emerging markets and increase online sales.
• Opportunities to offer customized mobility scooters that meet the specific needs of individual consumers.

SWOT Analysis

The following is a SWOT analysis of the mobility scooters market:

Strengths:

• Growing aging population and prevalence of chronic diseases driving demand for mobility scooters.
• Technological advancements in mobility scooters increasing user-friendliness and attractiveness to consumers.

Weaknesses:

• High cost of mobility scooters can be a barrier to entry for many consumers.
• Lack of awareness about the availability and benefits of mobility scooters.

Opportunities:

• Emerging markets provide an opportunity for increased demand for mobility scooters.
• Online sales and customization offer opportunities to reach a broader audience and meet the specific needs of individual consumers.

Threats:

• Safety concerns regarding the use of mobility scooters on public roads and sidewalks could lead to increased regulations and restrictions.
• Competition from other mobility devices, such as electric wheelchairs and walkers.

Market Key Trends

The following are the key trends in the mobility scooters market:

• Technological advancements in mobility scooters, such as the development of smart controls and GPS tracking, are increasing the attractiveness of mobility scooters to consumers.
• Lighter and more compact mobility scooters are becoming more popular, as they are easier to navigate through tight spaces and transport.
• Increasing focus on sustainability and eco-friendliness is driving the development of electric mobility scooters that are powered by renewable energy sources.

Covid-19 Impact

The Covid-19 pandemic has had a significant impact on the mobility scooters market. The pandemic has led to increased awareness about the importance of mobility devices for individuals with mobility impairments, particularly as many individuals with these conditions are at a higher risk of severe illness from Covid-19.

The pandemic has also led to disruptions in supply chains and manufacturing operations, which have impacted the production and availability of mobility scooters. However, the increased demand for mobility devices has also presented opportunities for manufacturers to increase sales and expand their customer base.

Key Industry Developments

The following are the key industry developments in the mobility scooters market:

• Pride Mobility Products Corp introduced the Jazzy Zero Turn, a compact mobility scooter designed for indoor and outdoor use.
• Invacare Corporation launched the TDX SP2 Power Wheelchair with LiNX Technology, which features advanced controls and personalized seating options.
• Drive DeVilbiss Healthcare acquired the mobility scooter division of the ActiveCare Medical group, expanding its product portfolio and customer base.

Analyst Suggestions

The following are the suggestions for analysts in the mobility scooters market:

• Monitor the evolving regulatory environment regarding the use of mobility scooters on public roads and sidewalks.
• Keep track of technological advancements and changing consumer preferences to identify potential opportunities for growth.
• Monitor emerging markets for potential opportunities for expansion.

Future Outlook

The mobility scooters market is expected to continue to grow in the coming years, driven by the rising prevalence of chronic diseases that affect mobility and the growing aging population. The market is also expected to benefit from increasing technological advancements and customization options.

However, the market also faces challenges such as high costs and safety concerns. As a result, manufacturers and stakeholders in the market will need to continue to monitor the evolving regulatory environment and changing consumer preferences to identify potential opportunities for growth.

Conclusion

The mobility scooters market is a growing industry that provides valuable assistance to individuals with mobility impairments. The market is expected to continue to grow in the coming years due to the rising prevalence of chronic diseases and the growing aging population.

The market is highly competitive, with several key players dominating the market. However, opportunities exist for manufacturers to expand their customer base and increase sales by focusing on emerging markets, online sales, and customization options.

As the market continues to evolve, manufacturers and stakeholders will need to stay informed about the changing regulatory environment, technological advancements, and emerging trends to remain competitive and identify potential opportunities for growth.