Home > Automotive > Mobility > Two and Three Wheelers > mobility scooters market
Get a free sample of Mobility Scooters Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Mobility Scooters Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Mobility Scooters Market size was valued at USD 2.1 billion in 2023 and is estimated to register a CAGR of over 5% between 2024 and 2032. The growing aging population across the world is driving growth in the market. As people age, they are more prone to have mobility difficulties related to arthritis, osteoporosis, or overall weakness, making it harder for them to move around.
Mobility scooters are ideal for seniors who wish to be active and independent. They enable patients to perform errands, visit friends & relatives, or simply get outside for some fresh air, which can benefit their overall health. Many seniors nowadays are more financially stable than prior generations, which allows them to spend more money on products that improve their quality of life, such as mobility scooters, in turn, driving the mobility scooters market.
Report Attribute | Details |
---|---|
Base Year: | 2023 |
Mobility Scooters Market Size in 2023: | USD 2.1 Billion |
Forecast Period: | 2024 - 2032 |
Forecast Period 2023 - 2032 CAGR: | 5 |
2023 Value Projection: | USD 3.4 Billion |
Historical Data for: | 2021 - 2023 |
No of Pages: | 260 |
Tables, Charts & Figures: | 400 |
Segments Covered: | Class, Technology, Application, Capacity, End Use |
Growth Drivers: |
|
Pitfalls Challenges: |
|
A Eurostat report on "Ageing Europe - statistics on population developments" published in November 2023 highlights significant trends in the aging population of the EU. By 2050, the EU-27 is projected to have close to half a million centenarians, with women outnumbering men at older ages, especially among those aged 85 years or above.
The rising environmental awareness among consumers is fueling the adoption of mobility scooters. Consumers are increasingly preferring eco-friendly products across a wide range of sectors. Mobility scooter manufacturers leverage the trend by stressing the environmental benefits of their electric versions. This might include using recycled materials in manufacturing, prioritizing energy efficiency, or providing longer battery life to minimize charge frequency. Electric mobility scooters produce zero tailpipe emissions, unlike gasoline-powered vehicles. This aligns with the growing consumer concern about air pollution and climate change.
Electric mobility scooters are ideal for short-distance transport in metropolitan settings. Traffic congestion and air pollution are serious challenges in cities, and electric scooters provide a handy and ecologically sustainable mode of transportation. This makes them appealing to ecologically aware consumers living in metropolitan areas.
The high cost of mobility scooters is a major challenge for the market, potentially slowing down its growth. The cost of these scooters can range from a few thousand dollars to USD 10,000 or more. This may be a considerable financial burden for many people, particularly those with fixed incomes or low resources. This hefty expense may compel individuals who use mobility scooters to choose between their basic requirements and their mobility freedom. Owing to the hefty expense, some people may delay or forego purchasing a mobility scooter entirely. They may attempt to manage with various mobility devices, which may be less successful or safe, or they may rely on others for transportation, limiting their freedom.
The mobility scooter industry has witnessed significant technological advancements. Advancements in battery technology are resulting in lighter, more powerful batteries with greater ranges. This enables users to go longer on a single charge, improving their freedom and reach. Furthermore, technologies, such as autonomous obstacle avoidance, self-parking, and increased illumination, are making scooters safer and easier to use. Advanced technologies are enhancing the comfort and use of mobility scooters, enabling features such as adjustable seats, ergonomic controls, touchscreens for quicker operation, and smartphone connectivity for increased convenience. These qualities make scooters a more appealing alternative for people of all ages and abilities.
For instance, in February 2024, AVVENIRE unveiled the TECTUS EV as a futuristic all-terrain mobility scooter, offering cutting-edge features and capabilities for versatile and comfortable transportation. This innovative electric mobility scooter is designed to provide users with a seamless and enjoyable riding experience, combining advanced technology, all-weather performance, and a range of up to 100 miles per charge. The TECTUS EV has a fully enclosed design, dual motors for tackling various terrains, and features including wireless charging, GPS, climate control, and autonomous driving capabilities.
Based on class, the market is divided into class 1, class 2, and class 3. The class 3 segment is set to exceed USD 2 billion by 2032. Class 3 models have higher maximum speeds than Class 1 and Class 2 scooters, generally reaching 8 mph (13 km/h). This enables users to go longer distances and traverse uneven terrain or inclines more efficiently. This broad range makes these scooters ideal for running errands, attending appointments, or simply enjoying outdoor activities.
Class 3 scooters are intended for outdoor usage and frequently have additional safety equipment such as headlights, taillights, turn signals, and rearview mirrors. These characteristics increase visibility in low-light circumstances and make users more noticeable to pedestrians and cars, lowering the danger of an accident. Owing to their bigger dimensions and faster speeds, Class 3 scooters offer greater stability and longevity. They often feature longer wheelbases and stronger frames to tackle rough terrain and give a smoother ride.
Based on technology, the mobility scooters market is categorized into electric and manual. The electric segment held a major market share of around 90% in 2023. Electric scooters are often less expensive to operate than gas-powered versions. Electricity incurs lower costs than gasoline, and electric motors have fewer maintenance needs compared to gasoline engines. This results in considerable cost reductions for users over time.
Also, electric scooters are much quieter. This can be a major benefit for users who live in quiet neighbourhoods or who do not want to disturb others with noise. Electric motors are generally more efficient than gasoline engines and waste less energy. This translates into a longer range on a single charge and lower overall energy consumption. Many governments provide incentives for Electric Vehicles (EVs), such as electric mobility scooters, in the form of tax reductions, refunds, or subsidies, making electric scooters more affordable to customers and speeding up their adoption.
North America dominated the global mobility scooters market with a share of over 37% in 2023. North America's population is rapidly aging, with a large proportion reaching retirement age. This population is more likely to have mobility issues, raising the need for mobility scooters. North American countries, notably the U.S., have significant healthcare spending. This permits a higher proportion of the population to buy mobility scooters compared to other regions with inadequate healthcare expenditures.
In addition to this, North America is a technological innovation hub, and the region's manufacturers are leading the way in manufacturing new mobility scooters with better features, performance, and user experience. All these factors combined are boosting the market across North America.
Invacare Corporation and Pride Mobility Products Corp. hold a significant market share of over 32% in the mobility scooters industry. Pride Mobility Products Corp. provides mobility scooter customization and personalization choices, enabling customers to select from a range of colors, seating configurations, accessories, and additional features to customize the scooters according to their specific mobility needs and personal preferences.
Invacare Corporation aims to enhance collaborations with healthcare providers, rehabilitation facilities, and durable medical equipment suppliers to offer mobility scooters for individuals with mobility challenges, utilizing healthcare referrals and prescriptions to increase adoption.
Major companies operating in the mobility scooters industry are:
Market, By Class
Market, By Technology
Market, By Application
Market, By Capacity
Market, By End Use
The above information is provided for the following regions and countries: