The US is expected to remain the largest market share holder in global mobility scooter market till 2021

The global mobility scooters market expected to reach $2.40 billion by 2021, growing at a CAGR of 4.74%. The key market drivers that are going to boost the market has been identified by Beige Market Intelligence.

A recent report released by Beige Market Intelligence on “Global Mobility Scooter Market- Strategic Assessment and Forecast Till 2021” gives an in- depth analysis of the world wide mobility scooter market. The report covers the product segments and analysis of the market size per each segment such as mobility scooter by design type Boot Scooters, Mid-size Scooters, Road Scooters mobility scooter by wheel type. The report has outlined the major driving factors of the mobility scooter market.

Mobility Scooter Market in the US

The US is estimated to have the largest market share (41.4%) in the global personal mobility devices market in 2015. This market is expected to dominate the market during the forecast period. The US market is forecast to witness a surge in demand for mobility scooters due to the increased interest of elderly population towards independent living, which excludes the need for a second person and also on account of the presence of an advanced reimbursement framework working towards lessening the expenditures of patients.

As estimated by the WHO, more than 110 million people over 15 years of age are experiencing vital functional difficulties. According to the US Census Bureau, the geriatric population of the US is expected to reach around 84 million by 2050. Also, the presence of leading manufacturers in the region further contributes to the growth of the market in the region.

Aging baby boomers is to drive mobility scooters sales in the US. The number of US population in the age group of 65 and over is expected to grow double by 2050, and the 65-and-older age group’s proportion of the total population is expected to increase. The mobility scooter industry has already started to take off as the inevitable wave of Baby Boomers begins to expand. As the market for mobility scooters starts to grow, new competitors come into the picture, thus driving companies not only to innovate but also reduce their prices to stay competitive.

The mobility scooters market in the US is expected to grow at a CAGR of 4.9%. – Says analyst at Beige Market Intelligence.

The report also features the market size and mobility scooter market growth in UK, APAC, Rest Of Europe and Rest Of the World.

See Report Highlights

http://www.beigemarketintelligence.com/reports/research-report-consumer-and-retail-market/mobility-scooter-market-research-report/

For Information, mailto: contactus@beigemarketintelligence.com

This market research report on mobility scooter profiles the major companies in the market and also provides a competitive landscape of key players. The major players in the market include Drive Medical, Electric Mobility, Golden Technologies, Pride Mobility, Sunrise Medical, and Quingo . Some of the other prominent vendors featured in the report include Amigo Mobility International, Invacare, Afikim Electric Vehicles, Van Os Medical, Hoveround Corporation, Roma Medical, Merits Health Products, Kymco, TGA Mobility, and Vermeiren International. The Market players are adopting sustainability strategies such as mergers & acquisitions, strategic collaborations, and expansion of product portfolios to accentuate market growth.

About Beige Market Intelligence

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This release was published on openPR.