Travel mobility scooters provide independent mobility to the elderly population and individuals suffering from physical disabilities or injuries. They offer easy maneuverability and enable independent travel over short-to-medium distances. Rising geriatric population and growing prevalence of disabilities that impair mobility have fueled the demand for travel mobility scooters.
The global Travel Mobility Scooter Market is estimated to be valued at US$8 billion 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 key trends:
The growing adoption of travel mobility scooters by geriatric population is one of the key trends that is projected to drive the market growth over the forecast period. As per the UN’s World Population Ageing Report 2019, the number of people aged 65 years or over is projected to grow to 1.5 billion in 2050 from 703 million in 2019. The aged population is more prone to mobility issues due to aging process or onset of chronic diseases like arthritis that hinder mobility. Travel mobility scooters cater well to their independent transportation needs over short indoor and outdoor distances and hence their adoption is surging among the geriatric population globally.
Segment Analysis
The global travel mobility scooter market is dominated by the folding mobility scooter segment. This segment held more than 50% share of the overall market in 2024 owing to high portability and convenience offered by folding mobility scooters. Folding mobility scooters can be easily folded and carried around, making them ideal for purposes such as air travel.
Key Takeaways
The global travel mobility scooter market is expected to witness high growth. The global Travel Mobility Scooter Market is estimated to be valued at US$8 billion in 2023 and is expected to exhibit a CAGR of 8.8% over the forecast period 2023 to 2030.
Regional analysis related content comprises The Asia Pacific region is expected to dominate the global travel mobility scooter market during the forecast period. Countries like China, Japan, and India are witnessing rapid growth in geriatric population along with growing prevalence of mobility impairments. Additionally, favorable government policies supporting healthcare accessibility in the region is boosting the adoption of travel mobility scooters.
Key players related content comprises Key players operating in the travel mobility scooter market are Pride Mobility Products, Golden Technologies, EZ Lite Cruiser, Hoveround, Electric Mobility, Invacare, Drive Medical, and Afikim Electric Vehicles.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
