The global Mobility Scooter market gathered revenue around USD 2.9 billion in 2021 and market is set to grow USD 5.7 billion by the end of 2030 and is estimated to expand at a modest CAGR of 10.4% during the prediction period 2022 to 2030.
The coronavirus pandemic has caused disruption in supply chain management and logistics distribution by affecting majority of businesses across the globe. Due to forced lockdown, shutdown of production and manufacturing activities have hampered the mobility scooter market across the globe. Market players operating in the mobility scooter market are recovering from the losses and re-establishing their businesses by shifting toward electronic vehicles. The automotive industry and mobility scooter market have been negatively affected by the COVID-19 pandemic, owing to decreased production of vehicles. Strict restrictions on travel has impacted the purchase of mobility scooters. However, with relaxations in restrictions on movement, mobility scooter manufacturers are focusing on increasing production of innovative scooters to attract consumers across the globe.
Report Scope of the Mobility Scooter Market
Report Coverage |
Details |
Market Size |
US$ 5.7 Billion by 2030 |
Growth Rate |
CAGR of 10.4% from 2022 to 2030 |
Fastest Growing Market |
Asia Pacific |
Base Year |
2021 |
Forecast Period |
2022 to 2030 |
Segments Covered |
Type, Application, Number of Wheels, Battery Range, End-user and Region, |
Companies Mentioned |
Afikim Electric Vehicles, Amigo Mobility International Inc., Drive Medical Design and Manufacturing EV Rider LLC. , Excel Mobility, Golden Technologies Inc., Hoveround Corp., Invacare Corporation, Medical Depot, Inc., Merits Co. Ltd., Pride Mobility Products, Quingo, Sunrise Medical, WHILL, Inc. |
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Increase in Investments by Governments to Provide Eco-friendly Mobility Scooters
Consumers nowadays are aware about the rising pollution level due to vehicles and its impact on the environment. Thus, increasing consciousness about using battery-powered vehicles across the globe is driving the demand for mobility scooters. Governments and environmentalists are promoting the advantages of electric vehicles such as 3-wheeler and 4-wheeler mobility scooters. This has decreased the sales of conventional vehicles, which emits the harmful gases into the air. The growing popularity of mobility scooters due to funding provided by governments in many developing countries has created numerous opportunities for players in the global mobility scooter market. Increasing initiatives and policies to provide cost-effective mobility scooters for consumers is also fuelling the growth of the market.
Advancements in Battery Technology to Fuel Market Growth
One of the major factors driving the global market is technological advancements in batteries. Major manufacturers are developing innovative batteries for use in electronic vehicles such as mobility scooters. Cost-effective lithium-ion batteries and zinc-manganese oxide batteries help improve the overall performance of mobility scooters. Online research & development activities in the battery technology help manufacturers generate value-grab opportunities. These batteries improve the range of mobility scooters by reducing their overall weight. It requires less time for charging the electric vehicle; this factor is expected to boost growth opportunities in the mobility scooter market. In addition, consumers are adopting smart mobility scooters due to their high efficiency.
Drivers of Mobility Scooter Market
Rise in disability population across the globe increases the demand for such type of scooters across the globe. Major government initiatives, including Affordable Care Act in the U.S., offer subsidy on mobility scooters for patients, which is likely to boost the mobility scooter market.
Enactment of stringent emission norms across the globe and an increase in environment protection awareness across the globe are estimated to propel the demand for electric mobility scooter. Major two-wheeler manufacturers offer various schemes and discounts on two-wheelers, which are likely to increase the sales of two-wheeler and propel the mobility scooter market. Growing consumer trend of adopting mobility services is likely to fuel the demand for mobility scooters, which, in turn, is anticipated to boost the market across the globe.
Challenges for Mobility Scooter Market
Wide spread of the pandemic across the globe led to a sharp decline in mobility scooter production and delivery across the globe due to a full or partial shutdown of manufacturing and distribution facilities. Disruptions in logistics distribution in almost all countries continued in the second half of the year and, in some cases, additional lockdowns were announced. The COVID-19 pandemic has caused a majority of businesses across the globe to crumble, owing to forced shutdown of production and manufacturing activities, which has hampered major manufacturing companies across the globe.
The mobility scooter does not have any alternative source for charging. Shortage of charging points in most cities is a major a factor restraining the global mobility scooters market.
Market Contributors Focus on Challenges to Create Revenue Opportunities
Difficulty in charging due to unavailability of charging stations in many countries is the major factor hampering the mobility scooter market growth. These battery-powered vehicles do not have any alternative source of charging. Market players are focusing on improving the charging infrastructure in big cities to overcome this problem. Little awareness and unavailability of production and manufacturing infrastructure for mobility scooters in rural areas are some factors restraining market growth. In addition, inconsistent infrastructure and range anxiety are also creating challenges for mobility scooter market players.
Mobility Scooter Market Segmentation
The global mobility scooter market has been segmented based on type, application, number of wheels, battery range, end-user, and region
Based on number of wheels, the global mobility scooter market has been divided into three wheel, four wheel, and others. The four wheel segment dominated the global mobility scooter market, in terms of volume and revenue, in 2020. Four wheel mobility scooters are more comfortable as compared to three wheel mobility scooter; therefore, the demand for four wheel mobility scooters is increasing among consumers across the globe. The three wheel segment also held a significant market share, in terms of revenue, in 2020. It is projected to expand during the forecast period.
Based on battery range, the 10-20 miles segment held a major share of the global market, in terms of revenue, in 2020. Rising consumer trend of travelling by mobility scooters that have good power range is likely to increase the demand for mobility scooter across the globe.
Mobility Scooter Market: Regional Analysis
Based on region, the global mobility scooter market has been segregated into North America, Asia Pacific, Europe, South America, and Middle East & Africa
North America and Europe are projected to be highly lucrative markets during the forecast period. North America is a leading manufacturer of mobility scooter across the globe. Major initiatives taken by governments across the North America to support mobility products, including mobility scooter, are likely to propel mobility scooter market across the region. Europe also accounted for a notable share of the global market, in terms of revenue, in 2020. The market in the region is projected to expand during the forecast period. The U.K. is one of the leading mobility scooter manufacturing countries across Europe.
Some of the prominent players in the Mobility Scooter Market include:
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Key Points Covered in Mobility Scooter Market Study: