Market Overview:
The global elderly mobility scooter market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing geriatric population, rising prevalence of chronic diseases, and growing demand for technologically advanced products. By type, the market is segmented into class 2 scooters and class 3 scooters. Class 2 scooters are expected to dominate the market during the forecast period owing to their low cost and easy maneuverability. By application, residential applications are expected to account for a major share of the global elderly mobility scooter market in 2018 owing to rising demand from developed countries such as U.S., Canada, Germany, France, Italy, Spain etc., where there is an increasing trend of aging population coupled with high disposable income levels among seniors that prefer using these devices for indoor purposes such as shopping or visiting friends and family members living in other parts of town or country.
Product Definition:
A mobility scooter is a battery-powered device that helps elderly or disabled people get around. It has a small seat, two wheels, and a motor. The person sits on the seat and leans on the handlebars to steer.
Class 2 Scooter:
The global class 2 scooter market is expected to grow at a significant rate owing to the increasing demand for mobility scooters among the geriatric population. The ability of these vehicles in providing independent mobility and enhanced safety is further expected to drive their adoption over the forecast period.
Moreover, rising awareness regarding personal health.
Class 3 Scooter:
Class 3 scooter is also known as low-speed vehicle or slow-moving vehicle and is designed for use by individuals with no or limited motor skills. These vehicles have a maximum speed of 25 miles per hour (40 km/h). They are intended to provide mobility aids to the physically disabled population. Class 3 scooters are equipped with two rear wheels, a handlebar, and a seat; they do not require any pedals because of their automatic transmission design.
Application Insights:
The residential application segment accounted for the largest share of over 70.0% in 2017. The growing need to commute with ease and comfort is driving the elderly population to opt for mobility scooters as a mode of transportation, thereby propelling growth. According to statistics published by the U.S Department of Transportation, in 2016, around 7 in 10 people aged 65 years or above used motorized wheelchairs or scooters for transportation purposes compared with just under 6 in 10 adults aged 55-64 years and 3-in-10 adults aged 45-54 years who used them for this purpose during that same period.
Moreover, increasing urbanization has led to an increase in demand from end users regarding mobility devices that are lightweight and easy to maneuver due largely on account of their smaller size wheels being able turn tighter corners easier than larger counterparts which is further expected drive market growth over the forecast period especially across developing regions such as Asia Pacific.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position throughout the forecast period owing to increasing demand for mobility scooters from geriatric population. In addition, presence of well-established healthcare infrastructure and favorable reimbursement policies are anticipated to drive regional growth over the next eight years. Europe accounted for a significant share of revenue in 2017 due to growing awareness about these vehicles among users aged 65 years and above as well as availability of advanced models at competitive prices. Moreover, presence of prominent manufacturers such as E-Ton Mobiility GmbH & Co.
Asia Pacific market was valued at USD X million in 2017.
Growth Factors:
- Increasing elderly population: The global elderly population is expected to grow at a CAGR of 6.5% from 2016 to 2020, reaching 1.4 billion by 2020. This will create demand for products and services that cater to the needs of the elderly, including mobility scooters.
- Rising awareness about benefits of mobility scooters: Mobility scooters offer several benefits such as improved quality of life, reduced dependence on others, and increased independence for the elderly. This is resulting in an increase in demand for mobility scooters among the elderly population worldwide.
- Technological advancements: Mobility scooter manufacturers are constantly innovating their products with new features and technologies that make them more user-friendly and efficient. This is helping to drive growth in the global market for Elderly Mobility Scooter market .
Scope Of The Report
Report Attributes
Report Details
Report Title
Elderly Mobility Scooter Market Research Report
By Type
Class 2 Scooter, Class 3 Scooter
By Application
Residential, Commercial
By Companies
Kymco, Sunrise Medical, Pride Mobility Products, Invacare, Hoveround Corp, Golden Technologies, Wisking Healthcare, Quingo, Van Os Medical, Innuovo, Drive Medical, TGA Mobility, Electric Mobility, Vermeiren, Amigo Mobility, Afikim Electric Vehicles
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Elderly Mobility Scooter Market Report Segments:
The global Elderly Mobility Scooter market is segmented on the basis of:
Types
Class 2 Scooter, Class 3 Scooter
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kymco
- Sunrise Medical
- Pride Mobility Products
- Invacare
- Hoveround Corp
- Golden Technologies
- Wisking Healthcare
- Quingo
- Van Os Medical
- Innuovo
- Drive Medical
- TGA Mobility
- Electric Mobility
- Vermeiren
- Amigo Mobility
- Afikim Electric Vehicles
Highlights of The Elderly Mobility Scooter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Class 2 Scooter
- Class 3 Scooter
- By Application:
- Residential
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Elderly Mobility Scooter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Elderly mobility scooter is a two-wheeled vehicle that helps seniors stay mobile and independent. It has a seat for the rider and a sturdy frame that allows it to move easily across surfaces. The scooter also features adjustable handlebars, which make it easy for seniors to control their movements.
Some of the major companies in the elderly mobility scooter market are Kymco, Sunrise Medical, Pride Mobility Products, Invacare, Hoveround Corp, Golden Technologies, Wisking Healthcare, Quingo, Van Os Medical, Innuovo, Drive Medical, TGA Mobility, Electric Mobility, Vermeiren, Amigo Mobility, Afikim Electric Vehicles.
The elderly mobility scooter market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Elderly Mobility Scooter Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Elderly Mobility Scooter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Elderly Mobility Scooter Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Elderly Mobility Scooter Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Elderly Mobility Scooter Market Size & Forecast, 2018-2028
4.5.1 Elderly Mobility Scooter Market Size and Y-o-Y Growth
4.5.2 Elderly Mobility Scooter Market Absolute $ Opportunity
Chapter 5 Global Elderly Mobility Scooter Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Elderly Mobility Scooter Market Size Forecast by Type
5.2.1 Class 2 Scooter
5.2.2 Class 3 Scooter
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Elderly Mobility Scooter Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Elderly Mobility Scooter Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Elderly Mobility Scooter Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Elderly Mobility Scooter Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Elderly Mobility Scooter Analysis and Forecast
9.1 Introduction
9.2 North America Elderly Mobility Scooter Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Elderly Mobility Scooter Market Size Forecast by Type
9.6.1 Class 2 Scooter
9.6.2 Class 3 Scooter
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Elderly Mobility Scooter Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Elderly Mobility Scooter Analysis and Forecast
10.1 Introduction
10.2 Europe Elderly Mobility Scooter Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Elderly Mobility Scooter Market Size Forecast by Type
10.6.1 Class 2 Scooter
10.6.2 Class 3 Scooter
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Elderly Mobility Scooter Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Elderly Mobility Scooter Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Elderly Mobility Scooter Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Elderly Mobility Scooter Market Size Forecast by Type
11.6.1 Class 2 Scooter
11.6.2 Class 3 Scooter
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Elderly Mobility Scooter Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Elderly Mobility Scooter Analysis and Forecast
12.1 Introduction
12.2 Latin America Elderly Mobility Scooter Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Elderly Mobility Scooter Market Size Forecast by Type
12.6.1 Class 2 Scooter
12.6.2 Class 3 Scooter
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Elderly Mobility Scooter Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Elderly Mobility Scooter Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Elderly Mobility Scooter Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Elderly Mobility Scooter Market Size Forecast by Type
13.6.1 Class 2 Scooter
13.6.2 Class 3 Scooter
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Elderly Mobility Scooter Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Elderly Mobility Scooter Market: Competitive Dashboard
14.2 Global Elderly Mobility Scooter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kymco
14.3.2 Sunrise Medical
14.3.3 Pride Mobility Products
14.3.4 Invacare
14.3.5 Hoveround Corp
14.3.6 Golden Technologies
14.3.7 Wisking Healthcare
14.3.8 Quingo
14.3.9 Van Os Medical
14.3.10 Innuovo
14.3.11 Drive Medical
14.3.12 TGA Mobility
14.3.13 Electric Mobility
14.3.14 Vermeiren
14.3.15 Amigo Mobility
14.3.16 Afikim Electric Vehicles
