Mobility Scooters Market Size

Mobility Scooters Market Size

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.

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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.
 

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.