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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.
The class 3 segment is estimated to exceed USD 2 billion by 2032, due to their outdoor usage and presence of safety equipment, such as headlights, taillights, turn signals, and rearview mirrors.
The market size of mobility scooters recorded USD 2.1 billion in 2023 and is set to witness 5% CAGR from 2024 to 2032, owing to the growing aging population across the world.
North America market accounted for over 37% revenue share in 2023, on account of the growing demand from the aging populace.
Afikim Electric Vehicles, Amigo Mobility International, Inc., Drive DeVilbiss Healthcare Ltd, Golden Technologies, Invacare Corporation, KYMCO Healthcare, Merits Health Products Co., Ltd., Pride Mobility Products Corp., Sunrise Medical Limited, TGA Mobility are some of the major mobility scooters companies worldwide.