About Elderlymobility Scooter
Elderly Mobility scooters are designed to provide convenience and freedom to elderly individuals struggling with their mobility. A mobility scooter for disabled individuals makes helps them to accomplish challenges. These scooters are or many types and segments like three-wheeler or four-wheeler also manual or electric and in electric there are different types of batteries available. It is also important to understand which type of vehicle will rightly help the respective person with which type of disability. They can also be categorized as heavy duty or terrain vehicles and major of this market is available at the institutional level due to the high cost to afford as a personal. As they run on electricity they are eco-friendly in nature supporting the sustainable approach. The rise in the number of elderly people and also the rise in rheumatologically disease have contributed to growth in this market. Technological advancement and the increasing number of investments in R&D have helped the industry to get a better approach. The higher cost has become a challenge to deal with considering the cost of manufacturing being an EV thus it has not been able to tap the market to its complete potential.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Elderlymobility Scooter market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GOLDEN TECHNOLOGIES (USA), Pride Mobility (USA), Merits Silverado (USA), SHOPRIDER (USA), EV Rider (USA), AFIKIM (Israel), CTM Mobility (United States), Solax Mobility (United States), SupaScoota (United Kingdom) and Free Rider (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are ZIP'r (Ireland), Amigo (United States), Moving Life (Israel) and Vive Health (United States).
Segmentation Overview
AMA Research has segmented the market of Global Elderlymobility Scooter market by Type (Heavy duty and Out-door terrain) and Region.
On the basis of geography, the market of Elderlymobility Scooter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Wheel, the sub-segment i.e. 3 wheeler will boost the Elderlymobility Scooter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operating Type, the sub-segment i.e. Manual will boost the Elderlymobility Scooter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Class, the sub-segment i.e. Class 2 will boost the Elderlymobility Scooter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Residential will boost the Elderlymobility Scooter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Improvements in technology for eco-friendly transportation due to the rise in carbon emission have actually raised awareness for elderly mobility scooters.
Market Growth Drivers:
Inflammatory autoimmune diseases called rheumatic diseases have seen a rise which has driven the need for elderly mobility scooters. and An increasing percentage of senior citizens is giving rise to mobility issues and a rise in awareness for easy mobility will be improving the market growth.
Challenges:
There is a lack of technological advancements in terms of EV charging thus making it non-standardized.
Restraints:
The high cost of purchase is holding the market from its true potential.
Opportunities:
It has been observed growth in investment in research and development of EV and EV charging stations as well as battery storage.
In May 2019, Daymak Inc, the leading developer and distributor of personal light electric vehicles, has launched its new Boomerbuggy X the first solar powered, fully enclosed mobility scooter.
In deciding whether a type of OPDMD can be accommodated, covered entities must consider all assessment factors and, where appropriate, should develop and publicize rules for people with disabilities using these devices. Such rules may include requiring the user to operate the device at the speed of pedestrian traffic; identifying specific locations, terms, or circumstances (if any) where the devices cannot be accommodated; setting out instructions for going through security screening machines if the device contains technology that could be harmed by the machine, and Specifying whether or not storage is available for the device when it is not being used.
Key Target Audience
Hospitals, Mobility vehicle manufacturers, New Entrants and Investors, Biodegradable Foodservice Disposables Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.