Industry Background:
The mobility scooter is a mobility aid equivalent to a wheelchair but configured like a motor scooter. It is often stated to as a power-operated vehicle or electric scooter as well. Mobility scooters eliminate much of the manual strength issues of an unpowered wheelchair. Mobility scooter comes with a variety of features such as lightweight, and foldable, among others. Moreover, these scooters can transport more luggage in terms of size and weight. Based on the type, the market has been bifurcated into class 2 scooter and class 3 scooter.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Kymco (Taiwan), Sunrise Medical (United States), Pride Mobility Products (United States), Invacare (United States), Roma Medical (United Kingdom), Hoveround Corp (United States), Drive Medical (United States), Golden Technologies (United States), Quingo (United Kingdom) and Van Os Medical (Netherlands) |
According to AMA, the market for Travel Mobility Scooter is expected to register a CAGR of 8.1% during the forecast period to 2028. This growth is primarily driven by The Increasing Mobility Impairment Population Worldwide, The Rising Demand for Electric Powered Vehicles and The Growing Geriatric Population Globally.
Globally, a noticeable market trend is evident There has been a growing trend towards compact and lightweight travel mobility scooters. These scooters are designed to be easily transportable, foldable, and lightweight, making them ideal for travel and storage The Automobile Manufacturers sector in the Europe region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Kymco (Taiwan), Sunrise Medical (United States), Pride Mobility Products (United States), Invacare (United States), Roma Medical (United Kingdom), Hoveround Corp (United States), Drive Medical (United States), Golden Technologies (United States), Quingo (United Kingdom) and Van Os Medical (Netherlands), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. By examining the product offerings of major manufacturers, the Travel Mobility Scooter market size research report offers a thorough overview of the competitive landscape. This analysis analyses regional and manufacturer-specific travel mobility scooter demand to help companies better understand market trends and growth prospects
Key Developments in the Market:
On 1 Aug 2018, Sunrise Medical announced the acquisition of Magic Mobility. Sunrise Medical is a world leader in the development, design, manufacture, and distribution of manual wheelchairs, power wheelchairs, scooters, and seating & positioning products and has acquired Magic Mobility, a leading Australian based designer and manufacturer of highly innovative and life enabling all-terrain power wheelchairs manufactured & distributed from its facility in Melbourne.
On 24 March 2017, Invacare, a leading travel mobility scooter manufacturer has announced the launch of brand new scooters to its highly successful and popular scooter range. The new Comet and Orion scooters not only deliver on performance, quality, and style but through the company’s clever marketing campaign ‘Style are Forever’, aims to offer consumers a new perspective on mobility scooters.
Influencing Trend:
There has been a growing trend towards compact and lightweight travel mobility scooters. These scooters are designed to be easily transportable, foldable, and lightweight, making them ideal for travel and storage
Market Growth Drivers:
The Increasing Mobility Impairment Population Worldwide, The Rising Demand for Electric Powered Vehicles and The Growing Geriatric Population Globally
Challenges:
The Travel Mobility Scooter market size research report offers a thorough examination of the competitive landscape by examining the product portfolios of different players. In order to help organisations better understand market trends and opportunities, this study analyses travel mobility scooter product demand by region and manufacturer
Restraints:
Class 3 Vehicles Are Not Allowed On Motorways, Bicycle Tracks or Bus/Cycle Lanes in Some Countries
Opportunities:
Growth Opportunities from Developing Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Travel Mobility Scooter Market
- Analysis about New Entrants in Travel Mobility Scooter Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Travel Mobility Scooter Study Sheds Light on
The Travel Mobility Scooter Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Travel Mobility Scooter industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Travel Mobility Scooter industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.