Growing Number of the Elderly Facilitating Greater Production in Global Mobility Scooter Market

Mobility aid for individuals is rapidly becoming a serious demand in several regions, especially in developed economies. Transparency Market Research reveals the intrinsic and indigenous details on one of the common mobility devices, in “Mobility Scooter Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.” Generally created for individual use, mobility scooters are intended to provide easier forms of indoor and short distance travel for consumers that are otherwise unable to walk comfortably. Mobility scooters work on rechargeable batteries and come with either five or three wheels.

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The key factor promoting the greater use of mobility scooters in the world at the moment is the growing number of the elderly. The global geriatric population is creating a huge demand for multiple markets, including the global mobility scooter market. This demographic is most likely to include people with disabilities and health complications that bar them from walking comfortably or even at all. Additionally, outside the elderly population, the number of patients suffering from accident based injuries, spinal problems, and genetic disorders is steadily increasing, augmenting the demand for mobility scooters.

Other factors working in the favor of the global mobility scooter market include multiple government initiatives, including the Affordable Care Act available to U.S. citizens. Private entities are also participating in the global mobility scooter market by pushing heavy investments and donations towards manufacturers for either production boosts or for research and development efforts. Design concepts are also improving at a rapid rate, increasing the aesthetic appeal of mobility scooters and reducing the social stigma associated to using them. However, the global mobility scooter market is currently being restricted by the growing number of scooters available second-hand or even refurbished. Additionally, emerging economies do not consider mobility scooters enough of a priority to afford and install high-costing manufacturing facilities in their regions, restricting the overall reach of players in the market.

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Geographically speaking, the global mobility scooter market is currently in a positive swing across developed nations, where investments into this market are higher and so are the number of people demanding mobility scooters. Both North America and Europe hold a very high volume of the global elderly population, the leading demographic demanding for mobility scooters. At the same time, globally prominent players can look forward to opportunities in Asia Pacific, where the growing demand as well as improvements in manufacturing policies and infrastructure can allow them to set shop within its key countries.

Current leaders in the global mobility scooter market include Invacare, Drive Medical Design and Manufacturing, Golden Technologies Inc., Afikim Electric Vehicles., Sunrise Medical, Hoveround Corp., Van Os Medical, Pride Mobility Products, Amigo Mobility International Inc., Electric Mobility, and Quingo.

Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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