The global Travel Mobility Scooter Market is estimated to be valued at US$822.4 Mn in 2023 and is expected to exhibit a CAGR of 8.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview: Travel mobility scooters are portable, lightweight and compact devices that help elderly and disabled people maintain independence by allowing them to travel short distances both indoors and outdoors. They provide convenience, comfort and ease of use for traveling within the vicinity of one’s home or neighborhood.
Market key trends: One of the key trends in the travel mobility scooter market is the increasing preference for outdoor recreation activities among the elderly population. Mobility scooters offer easy access to parks, trails and other outdoor spaces, encouraging seniors to stay active through outdoor activities like hiking, gardening etc. Moreover, innovations in lithium-ion battery technology have significantly improved the durability and travel range of these scooters. Newer models can travel longer distances of up to 15 miles on a single charge. This empowers users to explore outdoor environments further from their homes. Furthermore, advances in comfort and suspension provide a smoother ride over different terrains outside.
Segment Analysis
The global travel mobility scooter market is segmented on the basis of product type, unfolded size, application, and distribution channel. Based on product type, the market is segmented into 3-wheeled and 4-wheeled scooters. The 4-wheeled scooter segment dominates the market as they provide more stability and safety during travel. They are also suitable for rough terrains and uneven surfaces.
Key Takeaways
The global travel mobility scooter market is expected to witness high growth, exhibiting CAGR of 8.8% over the forecast period, due to increasing elderly population suffering from disabilities that require mobility assistance aids.
Regional analysis
North America dominates the global travel mobility scooter market currently due to supporting regulatory framework for disabled assistive devices and increasing geriatric population in the region suffering from limited mobility. The Asia Pacific region is expected to witness fastest growth over the forecast period due increasing health awareness and supporting government initiatives for disabled people.
Key players
Key players operating in the travel mobility scooter market are Merits Health Products, Pride Mobility Products, Afikim Electric Vehicles, Invacare, Sunrise Medical, Roma Medical, Drive Medical, Golden Technologies, Hoveround Corp, Quingo, TGA Mobility, Electric Mobility, Van Os Medical, Kymco, Amigo Mobility, and Vermeiren. The market leaders are focusing on new product launches and enhancements to gain more market share.
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- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
