Mobility
Scooter Market – Report Highlights
The
Worldwide Mobility Scooter market research report covers the present scenario
and the growth prospects of the Worldwide Mobility Scooter Market for the
period 2015 – 2021. The report provides in-depth analysis of the market size
and growth of the Worldwide Mobility Scooter market. This report also provides
the detailed information and data analysis of the Worldwide Mobility scooter
market about the leading market segments based on design and geographies.
Mobility
Scooter by Design Type/Size
1)
Boot Scooters
2)
Mid-size Scooters
3)
Road Scooters
Mobility
Scooter by Wheels
1)
3-Wheeled
2)
4-Wheeled
3)
5-wheeled
Mobility
Scooter by Geography Segmentation
1)
APAC
2)
Europe
3)
Americas
4)
ROW
Further,
a detailed mapping of the region wise regulations and associated legalities
governing the usage of the mobility scooter is provided in the report. The
report also provides market share and profiles of the key vendors operating in
the Worldwide Mobility Scooter Market and further shows a detailed competitive
landscape of key players.
Mobility
Scooter – Market Size and Dynamics
The
Worldwide Mobility Scooter Market to reach approx. US $2.4 billion by 2021 and
the market to grow at a CAGR of 3.08 % during the forecast period. The mobility
scooters are turning out to be an ideal alternative to wheelchairs or crutches,
which prove to be burdensome for those who require mobility aid. The global
personal mobility market is undergoing a dramatic shift on account of a rapid
increase in adoption of cost-efficient and technology-based products and also
supportive government grants that enable the elderly and disable population to
be more independent. The use of mobility scooters can help improve the
self-perceived quality of life of aging population but can also have long-term
detrimental effects by increasing cardiovascular risks.
The
Worldwide Mobility Scooter Market has been segmented by design type /size, and
geography. The US and Western Europe mainly the UK, constitute almost 70% of
the market both in terms of users and revenues. North America is the largest
consumer of the personal mobility devices market in 2015. Increasing elderly
population and rising demand for assistive devices, along with the presence of
a sophisticated reimbursement framework working towards reducing the
expenditures of patients are major factors attributing to the region’s
significant market share. Europe accounted for over 35% of the revenue share in
the personal mobility devices market in 2015 and was the second largest
consumer of mobility scooter in the forecasted period with Britain being the
mobility scooter capital of Europe. APAC is expected to grow at the fastest
CAGR during the forecast period. The presence of untapped opportunities in the
emerging markets of India and China and continually improving healthcare
infrastructure in these markets are some of the key attributes accounting for the
conclusion as mentioned earlier.
Mobility
Scooter – Trends, Drivers, and Challenges
This
market research report on mobility scooter provides an overview of the factors
driving and restraining the growth of the Worldwide Mobility Scooter market.
The report also outlines the key trends emerging in the market that will
contribute to the growth of the market during the forecast period. Some of the
factors driving the growth of the mobility scooter market include advancement
of technology in the healthcare sector, rising geriatric population and
increasing incidences of knee disorders and disabilities in mobility. Also, the
high adoption rate of these mobility aids and also the growing awareness of the
types of equipment available and the presence of supportive government
initiatives in this field contribute to the growth of the market.
Some
of the impending challenges confronting the Mobility Scooter Market include the
lack of public infrastructure in many countries and also misuse of mobility
scooter by able-bodied people. The mobility scooters are intended for elderly,
and disabled people use but there is an increasing use of these devices by the
able-bodied population as cost- effective means due to government schemes and
lead to increased obesity levels and accidents. Also, there has been a marked
change in the way people use them on account of their easier availability in
second-hand market. Also, the lack of coherence on the regulations governing
the classification of mobility scooters and the use of powered wheelchairs acts
as a growth deterrent for the market..
One
of the trend, which we expect to be imminent in the Mobility scooter market is
that the market shall definitely grow in terms of its reach on account of an
increased emphasis of governments and private bodies to provide affordable
healthcare services. Further, the usage pattern of the mobility scooter is
undergoing a dramatic shift on account of substantial growth in the second-hand
market, online sales and retail advertising. The mobility scooter has become an
increasingly popular personal mobility choice with a rise in number of variants
and improved designs, coupled with a change in perception governing the usage
of these devices. Although there is a wide variation in regulatory approaches
in different jurisdictions, there has been an enhanced recognition for these
devices on account of their benefits outweighing the risks associated to users
and pedestrians. The report further provides a commentary on the Porter’s five
forces analysis along with a description of each of the forces and its impact
on the market.
Mobility
Scooter – Key Vendors and Market Share
This
market research report on mobility scooter profiles the major companies in the
market and also provides a competitive landscape of key players. The major
players in the market include Drive Medical, Electric Mobility, Golden
Technologies, Pride Mobility, Sunrise Medical, and Quingo . Some of the other
prominent vendors featured in the report include Amigo Mobility International,
Invacare, Afikim Electric Vehicles, Van Os Medical, Hoveround Corporation, Roma
Medical, Merits Health Products, Kymco, TGA Mobility, and Vermeiren
International. The Market players are adopting sustainability strategies such
as mergers & acquisitions, strategic collaborations, and expansion of
product portfolios to accentuate market growth.
Spanning over 130 pages “Global
Mobility Scooter Market - Strategic Assessment and Forecast Till 2021” report
covers Executive Summary, Research Methodology, Report Coverage, Key
Definitions and Assumptions, Market Landscape, Product Characteristics, Price
Environment, Key Market Trends, Key Market Drivers, Key Market Restraints,
Global Mobility Scooter Market, Segmentation of Mobility scooters by Design
Type/Size, Sub-categorization Based on Wheel Type, Geographical Segmentation,
Competitive Landscape, Key Vendor Analysis, Prominent Vendors. The Report
covered companies are - Afikim Electric Vehicles, Amigo Mobility International,
Drive Medical, Electric Mobility, Golden Technologies, Hoveround Corporation,
Invacare, Kymco, Merits Health Products Co., Pride Mobility, Quingo, Roma
Medical, Sunrise Medical, TGA Mobility, Van Os Medical, Vermeiren International
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