With the emergence and long-term Impact of COVID-19, Global Mobility Scooters Market to reach USD XX Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Mobility Scooters Market is poised to raise up to USD XX Billion by 2030. Mobility scooters are battery-powered devices designed to assist individuals with limited mobility in moving around independently. They are commonly used by people who have difficulty walking long distances or who experience mobility challenges due to age, disability, or medical conditions. The Mobility Scooters market is expanding because of factors such as the increasing geriatric population and growing demand for battery-powered vehicles. Mobility scooters provide individuals with increased mobility and independence, allowing them to participate more actively in daily activities and access various places.
Mobility scooter designs are increasingly being tailored to address the comfort and safety requirements of seniors. Features such as ergonomic seating, easy-to-use controls, and stability enhancements are becoming more common. Moreover, rising awareness for innovative mobility gadgets and increasing R&D expenditures for improved battery technology are anticipated to create lucrative growth opportunity for the market over the forecast period. However, stringent regulations and the high initial cost of Mobility Scooters stifles market growth throughout the forecast period of 2023-2030.
Geographically, the global Mobility Scooters market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the initiatives taken by governments to support mobility products, including mobility scooters, and the increasing number of manufacturers. Furthermore, Asia Pacific is expected to grow significantly over the forecast period, owing to factors such as increasing population and rising investment from key market players to enhance mobility in the region.
The global Mobility Scooters market is highly competitive owing to the presence of several key manufacturers such as EV Rider LLC, Pride Mobility Products Corp, Afikim Electric Vehicles, Quingo Mobility Limited, Hoveround Corporation, Merits Health Products, Inc, Drive DeVilbiss Healthcare, Sunrise Medical, and others.
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Global Mobility Scooters Market Size study & Forecast, by Type (Small, Medium, Large), by Range (Less than 10 miles, 10-20 miles, more than 20 miles), by Number of Wheels (Three-wheeler, Four-wheeler) and Regional Analysis, 2023-2030
Key findings of the study suggest:
- Global Mobility Scooters Market is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030.
- In the Type segment, Medium emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth Owing to the initiatives taken by governments to support mobility products, including mobility scooters, and the increasing number of manufacturers.
- Asia-Pacific is expected to grow at higher rate followed by North America during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
- Small (less than 110 cm)
- Medium (110-150 cm)
- Large (more than 150 cm)
- Less than 10 miles
- 10-20 miles
- More than 20 miles
Number of Wheels
- North America
- Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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