Global Portable Mobility Scooters Market Price 2024, Forecast To 2033
12 Nov, 2024
The portable mobility scooters market is set to increase from $4.55 billion in 2023 to $5.12 billion in 2024 at a CAGR of 12.4%, driven by an aging population, rising disability rates, healthcare awareness, expanded distribution, and customizable options. The portable mobility scooters market is expected to grow to $8.22 billion by 2028, at a CAGR of 12.6%. Factors driving this growth include government and private insurance programs, expanding product portfolios, inclusive design focus, growing e-commerce, and rental service expansions. Trends include intuitive control systems, voice recognition technology, augmented reality features, social media connectivity, and collision detection systems.
Major Driver In The Portable Mobility Scooters Market
Rising pollution levels are projected to drive growth in the portable mobility scooter market. Pollution stems from industrial activities and urbanization, leading to the need for eco-friendly transport options. Portable mobility scooters reduce reliance on cars, thereby lowering vehicle emissions and congestion. In June 2024, the Environmental Protection Agency noted that transportation accounted for 28% of total U.S. greenhouse gas emissions in 2022. Thus, increasing pollution levels are propelling the portable mobility scooter market, with market size expected to reach USD 2,310.52 million in 2028, up from USD 1,612.89 million in 2023 and USD 1,872.03 million in 2024.
Request A Free Sample Of The Portable Mobility Scooters Market ReportPortable Mobility Scooters Market Competitive Landscape
Invacare Corporation, Sunrise Medical LLC, Drive DeVilbiss Healthcare Inc., Pride Mobility Products Corporation, Medserv Equipment Corporation, Hoveround Corporation, Roma Medical Ltd., Merits Health Products Inc., TGA Mobility Ltd., Golden Technologies Inc., Zip’r Mobility LLC, Van Os Medical B.V., Luggie Scooters LLC, Afikim Electric Vehicles Ltd., HeartWay USA Inc., Di Blasi Industries Inc., eFOLDi Ltd., Marc's Mobility LLC, SupaScoota International Pty Ltd., Tzora Active Systems Ltd
Key Portable Mobility Scooters Market Trend
Companies in the portable mobility scooter market are expanding their offerings to include compact motorcycles, portable and lightweight devices designed for urban commuting. These motorcycles feature a foldable design for easy storage and convenience. In September 2023, Honda Motors Co. Ltd. launched the Moto Compacto, a foldable electric scooter designed for customizable urban mobility. The scooter has a 490-watt motor, a top speed of 15 mph, and a range of up to 12 miles, with a range of accessories for personalization, complementing Honda’s upcoming electric vehicles.
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Global Portable Mobility Scooters Market Segmentation
The portable mobility scooters market covered in this report is segmented –
1) By Type: Boot Scooters, Mid-Size Scooters, Road Scooters
2) By Distribution Channel: Original Equipment Manufacturer (OEM), E-Commerce, Other Distribution Channels
3) By Application: Commercial, Residential
By Geography:The regions covered in the portable mobility scooters market report areAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the portable mobility scooters market in 2023.
The Portable Mobility Scooters Global Market Report 2024 furnishes information about the global portable mobility scooters market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.