Overview of the global mobility scooters market

Technavio's mobility scooters market research analyst predicts the global mobility scooters market to grow steadily at a CAGR of above 5% by 2021. One of the key drivers for the growth of this market is the increased adoption of technologically advanced and cost-efficient products. The rise in the adoption of electric drivetrain cars, scooters, and motorcycles, a wide range of electric drivetrain components such as battery packs, controllers, motors, and power electronics are available in the market today at low supplier costs. This has given the manufacturer of mobility products an opportunity to sell their offerings at lower costs in comparison to that in the previous years. The decline in cost will significantly increase the rate of adoption of mobility scooter market in the coming years.

In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. Factors such as, expanding older population base and the increasing awareness of new technologies in the healthcare sector are some of the key contributors to the growth of the mobility scooter market in the region. Moreover, favorable reimbursement policies and the effort toward reducing patient expenditures in the US and Canada aid in enhancing the adoption of mobility scooters in the region. For instance, the Affordable Care Act (ACA) and the Older Americans Act (OAA) in the US, and the DTCC in Canada encourage the purchase of mobility scooters and will propel the growth of the market during the forecast period.

Competitive landscape and key vendors

The global mobility scooters market is highly fragmented without the presence of any dominating player with a significant market share. The rise in the number of partnerships between manufacturers and various government as well as private and public healthcare agencies, is expected to increase the volume sales of mobility scooters. As a result, it will increase the competition among players. In order to gain a competitive advantage, the manufacturers will have to focus on enhancing their geographical reach and product portfolios in the coming years.

Leading vendors in the market are ?

• Quingo
• Invacare
• Drive medical
• Pride Mobility Products
• Electric Mobility Euro

Other prominent vendors in the mobility scooters market include Afikim Electric Vehicles, Amigo Mobility International, Golden Technologies, Hoveround, KYMCO, Merits Health Products, Sunrise Medical, and TGA Mobility.

Segmentation by number of wheels and analysis of the mobility scooters market

• 3-wheeler
• 4-wheeler
• 5-wheeler

During 2016, the 4-wheeler mobility scooter segment dominated the mobility scooters market and accounted for a major part of the overall market share. 4-wheeler mobility scooters have a balanced structure of two wheels in the front and two in the back. This structure improves the balance of the vehicle and imparts stability. The high stability of a 4-wheeler mobility scooter with no significant price difference in comparison to a 3-wheeler scooter, is augmenting the 4-wheeler mobility scooters market.

Segmentation by type of scooter and analysis of the mobility scooters market

• Boot scooters
• Mid-type scooters
• Road scooters

In this market study, analysts have estimated the boot scooters segment to dominate the mobility scooters market during the forecast period. Boot scooters can be easily folded or disassembled and carried in and out of a car boot using an electric ramp. Also, the cost of these vehicles is low, mainly attributed to the low-power battery that these vehicles use. Owing to the aforementioned features, the popularity and adoption rates of boot scooters is expected to grow during the forecast period.

Key questions answered in the report include

• What will the mobility scooters market size and the growth rate be in 2021?
• What are the key factors driving the global mobility scooters market?
• What are the key market trends impacting the growth of the global mobility scooters market?
• What are the challenges to mobility scooters market growth?
• Who are the key vendors in the global mobility scooters market?
• What are the market opportunities and threats faced by the vendors in the global mobility scooters market?
• Trending factors influencing the mobility scooters market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global mobility scooters market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Self-balancing Scooter Market 2016-2020  
• Global Battery Market for E-scooters 2016-2020  
• Global Lithium Ion Battery Market 2016-2020

According to a research carried out by the analysts at Technavio, it has been noted that the rising incidences of cardiovascular diseases and increasing elderly population will consequently demand the need for mobility assistance devices like wheelchairs and crutches. With the frequent implementation of advanced technologies by the healthcare sector, there will be a rise in the adoption of electric mobility scooters as alternatives to wheelchairs and other mobility equipment. By providing a comprehensive collection of industry research reports on the various aspects of the automotive industry, research analysts at the global market research firm Technavio help clients have a competitive edge in the highly competitive industry. The market intelligence reports from Technavio also provide detailed information on automotive manufacturers, including Ingersoll Rand, Polaris Industries, Smart Automobile Company, Textron, and Yamaha Motors and suppliers such as Robert Bosch, Delphi, Denso, and Magna.

To identify the industry's growth prospects, research analysts at Technavio follow a mix of primary and secondary research techniques and consider factors like the market size and the demand for products across various geographical regions. With information on various parameters such as the changing preferences of customers and the products offered by competitors and the usage of appropriate analytical tools, our upcoming market research report on mobility scooters for the forecast period of 2017 to 2021 will help clients understand the constantly changing landscape of the automotive manufacturing sector.

This upcoming report on mobility scooters also considers the growth of the similar markets such as micro electric vehicles and electric trikes, which are expected to grow at a CAGR of more than 17% and more than 43% during the period 2016 to 2020. According to our market research experts, the increasing adoption of technologically advanced products by the healthcare sector and incentives from the governments of various countries that promote the adoption of mobility equipment will drive the demand for electric scooters for adults. Additionally, constant developments in the healthcare infrastructure in the emerging countries across the world will also increase the demand for electric wheelchair scooters. To help businesses enhance their market positions, Technavio also offers to provide customized reports based on client requirements.

The upcoming industry research report for motorized scooters or mobility scooters also identifies the key drivers, emerging trends, as well as the challenges currently experienced by the automotive industry. It also presents insights into the changing competitive landscape to give you a realistic picture of the future direction of the industry.