Mobility Scooters Market Size, Status, Global Demand and Growth Opportunities 2022-Quingo, Invacare, Drive medical, Pride Mobility Products

The MarketInsightsReports has added a new statistical data to its repository titled as, Mobility Scooters Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on recent developments and technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. This market report is a detailed study on the growth, investment opportunities, market statistics, growing competition analysis, major key players, industry facts, important figures, sales, prices, revenues, gross margins, market shares, business strategies, top regions, demand, and developments.

the global market for Mobility Scooters estimated at US$ 1.4 Billion in the year 2020, is projected to reach a revised size of US$ 2 Billion by 2027, growing at a CAGR of 5.9% over the analysis period 2020-2027.

Top Companies in the Mobility Scooters Market- Quingo, Invacare, Drive medical, Pride Mobility Products, Electric Mobility, Afikim Electric Vehicles, Amigo Mobility International, Golden Technologies, Hoveround, KYMCO, Merits Health, Sunrise Medical, TGA Mobility and other.

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Market overview
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.

Changing consumer's preference towards opting advanced mobility service has accelerated the growth of mobility scooters. Initially this type of scooters were used only to cater to the demands of physically challenged people.

The rising number of the aging population worldwide is likely to boost the mobility scooters' demand during the forecast period. According to the World Health Organization (WHO), the aging population of 60 years and above is expected to reach 2 billion by 2050. The growing technological advancements and the gradual rise in the number of scooter manufacturers are likely to boost the market growth during the forecast period. However, with the passing years, the demand for this kind of eco-friendly battery-driven scooters are gaining traction across various verticals. As the world is moving towards adopting sustainable mobility services, mobility scooters may have the potential to be a game changer for the industry.

Industry news
• October 2020: The Government in England announced a new accessibility scheme through which scooter friendly stations are being developed to enable mobility scooter users in South Yorkshire to travel to and from 10 stations across the Northern Rail network.

October 2019: A pilot project was launched on the World Day of the Elderly by the Government of Malta, where the elderly people with mobility problems can commute around Valletta with the help of electric scooters.
October 2018: Pride Mobility Products Corp. and Quantum Rehab hosted Disability Mentoring Day. The company offered an opportunity to 18 students with disabilities using scooters as an assistive mobility device to be mentored by career professionals in various fields during Disability Mentoring Day (DMD) 2018. Through this, the students using mobility scooters were able to tour and explore their learning in careers in research and development, sales, technical service, and production.

Global Mobility Scooters Market Split by Product Type and Applications:

3-wheeler

4-wheeler

5-wheele

Regional Analysis
North America market stood at USD 562.3 million in 2019 and is expected to hold the highest position in the global market during the forecast period. This is attributable to the initiatives taken by the government to support the accessibility of high-end mobility products among people that require assistive mobility aid equipment. Moreover, the increasing number of the aging population and a strong footprint of key players are anticipated to boost the market growth in the region.

Europe is anticipated to hold the second-largest market share owing to the growing adoption of scooters. According to the report by ClinMed International Library, around 300,000-350,000 mobility scooters were used in the U.K in 2017. The report further states that this is expected to rise in number with the growing number of aging people in several countries of Europe that is likely to favor market growth.

Asia-Pacific is likely to experience a fast-paced growth during the forecast period majorly due to the growing adoption of scooters as an assistive device among the population with lower extremities conditions and the rapidly growing geriatric patient population.

The market in Latin America is expected to grow considerably with the increasing economic condition, the growing prevalence of mobility diseases, and the high penetration of the products in the region.

The Middle East & Africa is likely to experience comparatively slow growth owing to the lower adoption of the mobility scooters and limited product offerings by key players in the region.

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Major Points Covered in Table of Contents:

- Overview of Mobility Scooters Market
- Global Market Status and Forecast by Regions
- Global Market Status and Forecast by Types
- Global Market Status and Forecast by Downstream Industry
- Market Driving Factor Analysis
- Market Competition Status by Major Manufacturers
- Major Manufacturers Introduction and Market Data
- Upstream and Downstream Market Analysis
- Cost and Gross Margin Analysis
- Marketing Status Analysis
- Market Report Conclusion
- Research Methodology and Reference

Finally, the Mobility Scooters Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principal locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Mobility Scooters Industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation

We additionally offer customization on reports based on customer necessity:

1-Country-level analysis for any 5 countries of your choice.

2-Competitive analysis of any 5 key market players.

3-40 analyst hours to cover any other data points.

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