PUBLISHER: The Business Research Company | PRODUCT CODE: 1608807
PUBLISHER: The Business Research Company | PRODUCT CODE: 1608807
Portable mobility scooters are lightweight and compact devices designed to assist individuals facing mobility difficulties in moving around with greater ease. These scooters enable users with mobility challenges to navigate their environments more freely, enhancing their independence and ability to travel both indoors and outdoors.
The primary categories of portable mobility scooters include boot scooters, mid-size scooters, and road scooters. Boot scooters are small, easily disassembled scooters that can be conveniently stored in a car trunk for transport. These scooters are distributed through various channels, such as original equipment manufacturers (OEMs) and e-commerce platforms, and they are utilized in both commercial and residential settings.
The portable mobility scooters market research report is one of a series of new reports from The Business Research Company that provides portable mobility scooters market statistics, including the portable mobility scooters industry's global market size, regional shares, competitors with a portable mobility scooters market share, detailed portable mobility scooters market segments, market trends and opportunities, and any further data you may need to thrive in the portable mobility scooters industry. This portable mobility scooters market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The portable mobility scooters market size has grown rapidly in recent years. It will grow from $4.55 billion in 2023 to $5.12 billion in 2024 at a compound annual growth rate (CAGR) of 12.4%. The growth observed during the historical period can be linked to a rise in the elderly population, a rise in disability rates, heightened awareness of healthcare, the expansion of distribution channels, and greater availability of customizable scooters.
The portable mobility scooters market size is expected to see rapid growth in the next few years. It will grow to $8.22 billion in 2028 at a compound annual growth rate (CAGR) of 12.6%. In the forecast period, growth can be credited to government and private insurance initiatives, the expansion of product ranges, a focus on inclusive design, an increase in e-commerce, and the growth of rental services. Key trends during this forecast period include the advancement of intuitive control systems, the incorporation of voice recognition technology, enhancements through augmented reality (AR), connectivity with social media, and the implementation of collision detection systems.
The increasing pollution levels are anticipated to drive the growth of the portable mobility scooter market in the coming years. Pollution levels refer to the concentration of various environmental contaminants found in air, water, or soil. The rise in pollution is primarily due to industrial activities, urbanization, increased vehicle emissions, deforestation, and harmful agricultural chemicals. Portable mobility scooters provide an eco-friendly transportation alternative that generates little to no emissions, thus reducing reliance on cars and lowering both vehicle congestion and air pollution. For example, in June 2024, the Environmental Protection Agency reported that transportation accounted for the largest share of total U.S. greenhouse gas emissions, contributing 28% in 2022, with cars, trucks, commercial aircraft, and railroads being key sources. Consequently, rising pollution levels are fueling the growth of the portable mobility scooter market.
Key players in the portable mobility scooter market are focusing on developing compact motorcycles to broaden their product range and appeal to a wider customer base. Compact motorcycles are lightweight, portable personal mobility devices designed for urban commuting, featuring a foldable design for easy storage and convenience. For instance, in September 2023, Honda Motors Co. Ltd., a Japan-based automobile manufacturer, launched the Moto Compacto, a foldable electric scooter aimed at providing customizable and enjoyable urban mobility solutions. It is equipped with a 490-watt electric motor, reaches a top speed of around 15 mph, and has a range of up to 12 miles. Honda also offers a variety of accessories for personalization, positioning it as a complementary option to its upcoming electric vehicles, such as the Prologue and Acura ZDX, providing a last-mile transportation solution.
In July 2022, eFOLDi, a UK-based developer of folding electric scooters, partnered with Allmobility Trading to enhance the distribution and accessibility of their innovative products. This collaboration aims to expand the distribution of eFOLDi's Lite and Power Chair models throughout Italy, leveraging Allmobility's established network of dealerships and orthopedic groups specializing in premium mobility products. Allmobility Trading is based in Italy and focuses on providing mobility solutions.
Major companies operating in the portable mobility scooters market are Invacare Corporation, Sunrise Medical LLC, Drive DeVilbiss Healthcare Inc., Pride Mobility Products Corporation, Medserv Equipment Corporation, Hoveround Corporation, Roma Medical Ltd., Merits Health Products Inc., TGA Mobility Ltd., Golden Technologies Inc., Zip'r Mobility LLC, Van Os Medical B.V., Luggie Scooters LLC, Afikim Electric Vehicles Ltd., HeartWay USA Inc., Di Blasi Industries Inc., eFOLDi Ltd., Marc's Mobility LLC, SupaScoota International Pty Ltd., Tzora Active Systems Ltd
North America was the largest region in the portable mobility scooters market in 2023. The regions covered in the portable mobility scooters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the portable mobility scooters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The portable mobility scooter market consists of sales of folding mobility scooters, lightweight models, travel scooters, and heavy-duty scooters. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Portable Mobility Scooters Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on portable mobility scooters market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for portable mobility scooters ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The portable mobility scooters market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.