Personal Mobility Devices Market Insights 2025-2034: Growth Forecast and Strategic Priorities

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Personal Mobility Devices Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for personal mobility devices has experienced robust growth in the past few years. The market size which is projected to hit $11.74 billion in 2024, is expected to escalate to $12.57 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.1%. Driving factors behind this significant growth in the historic years encompass urban overcrowding, skyrocketing fuel costs, enhanced bicycle infrastructure, expansion of e-commerce delivery services, and heightened awareness regarding the environment.

Personal Mobility Devices Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the market for personal mobility devices is forecasted to witness robust growth, reaching $16.8 billion by 2029, with a compound annual growth rate (CAGR) of 7.5%. This projected growth during the forecast period is largely due to factors such as the surge of micromobility services, responsive city planning policies, escalated need for environment-friendly transportation, escalating health and fitness movement, and a rise in the application of interchangeable batteries. In the same forecast period, the market is expected to be shaped by increasing preference for subscription-based PMD models, the infusion of Internet of Things (IoT) features, emphasis on communication between vehicle and infrastructure, improved safety features and regulations, and the flourishing of foldable and portable designs.

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What Are the Drivers Transforming the Personal Mobility Devices Market?
The growing occurrence of disabilities is predicted to boost the personal mobility devices market's expansion in the future. The term "disabilities" encompasses long-term physical, mental, intellectual, or sensory impairments that, in conjunction with various obstacles, may prevent an individual from fully engaging in society on the same level as others. The surge in disability rates is predominantly due to the aging population, as conditions associated with age such as arthritis, vision problems, and dementia become increasingly prevalent with longer life spans. Personal mobility devices like wheelchairs and scooters are crucial for those with disabilities, promoting autonomy, enhancing accessibility to everyday activities, and encouraging more involvement in social and professional environments. For example, a report released in June 2023 by the Department for Work and Pensions, a government department based in the UK, revealed that in 2021/2022, there was an increase of 610,000 (4.4%) in individuals reporting long-term health conditions, an escalation of 730,000 (8.8%) in those identified as disabled, and a rise of 410,000 (12.3%) in those severely constrained by their disability. As a result, the escalating occurrence of disabilities is fuelling the growth of the personal mobility devices market.

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Which Fast-Growing Trends Are Poised to Disrupt the Personal Mobility Devices Market?
In the personal mobility devices market, leading corporations are striving to innovate by creating products that fuse modern technology with movement assistance for extensive applications. They aim to revolutionize personal mobility, focusing on hands-free personal mobility devices - these motorized, self-balancing innovations allow users to move around without using their hands, typically using body movements for personal, short-distance travel. For example, in February 2024, the Japan-based automotive manufacturing giant, Honda Motor Co., Ltd., expressed intention to launch the UNI-ONE. This hands-free personal mobility gizmo is specifically designed to increase user interaction and mobility, harnessing advanced self-balancing technologies and intuitive controls. The UNI-ONE sports a flexible seat height that enables eye-level communication with both standing and seated individuals, promoting more natural social exchanges. Moreover, it incorporates Honda's Omni Traction Drive Systems for efficient, user-controlled movement in multiple directions based on the user's body posture. This not only ensures fluid mobility but also caters to users with diverse mobility requirements.

Which Segments in the Personal Mobility Devices Market Offer the Most Profit Potential?
The personal mobility devices market covered in this report is segmented -

1) By Product Type: Walking Aids, Handbikes, Mobility Scooters, Medical Beds, Stair-lifts, Power Add On Products, Wheelchairs, Other Product Types
2) By Distribution Channel: Wholesalers Or Distributors, Online Retailers, Multi-Brand Stores, Specialty Stores
3) By End User: Hospital And Clinics, Ambulatory Surgical Centers, Urgent Care Centers, Homecare Setting, Other End Users

Subsegments:
1) By Walking Aids: Canes, Crutches, Walkers, Rollators
2) By Handbikes: Manual Handbikes, Electric Handbikes, Hybrid Handbikes
3) By Mobility Scooters: 3-Wheel Scooters, 4-Wheel Scooters, Foldable Or Portable Scooters, Heavy-Duty Scooters
4) By Medical Beds: Manual Beds, Semi-Electric Beds, Fully Electric Beds, Bariatric Beds
5) By Stair-Lifts: Straight Stair-Lifts, Curved Stair-Lifts, Outdoor Stair-Lifts, Platform Stair-Lifts
6) By Power Add On Products: Power Assist Wheels, Power Drive Units, Motorized Attachments
7) By Wheelchairs: Manual Wheelchairs, Power Wheelchairs, Transport Wheelchairs, Sports Wheelchairs
8) By Other Product Types: Patient Lifts, Transfer Aids, Standing Frames, Mobility Accessories

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Which Firms Dominate the Personal Mobility Devices Market by Market Share and Revenue in 2025?
Major companies operating in the personal mobility devices market are Medline Industries Inc., Stryker Corporation, Hill Rom Holdings Inc., Ottobock, Arjo AB, Invacare Holdings Corporation, NOVA Medical Products, Permobil, Sunrise Medical LLC, DRIVE MEDICAL GMBH & CO. KG, Performance Health Supply Inc., Pride Mobility Products Corp., Carex Health Brands Inc., Compass Health Brands, GF Health Products Inc., Handicare Group, Golden Technologies, Falcon Mobility Singapore, Rehabilitation Manufacturing Services Limited (RMS), Karman Healthcare, Triride srl, Eurovema Mobility AB, Rollz International.

Which Regions Offer the Highest Growth Potential in the Personal Mobility Devices Market?
North America was the largest region in the personal mobility devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the personal mobility devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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