Mobility Scooter Market Expanding Due to Increasing Need for Personal Mobility Solutions
According to a report by Fortune Business Insights, the Mobility Scooter Market sector reached a market value of USD 1.30 billion in 2019. Future projections show a bright outlook, with a Compound Annual Growth Rate (CAGR) of 6.9% from 2019 to 2027. This trend is expected to culminate in a market value of USD 1.85 billion by 2027, offering significant growth opportunities in this rapidly expanding industry. North America led the market in 2019.
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In its latest study, Fortune Business Insights offers an in-depth analysis of the global Mobility Scooter Market market for the forecast period of 2024–2032. The report highlights key drivers, challenges, opportunities, and market trends. Additionally, the report provides market share insights expressed in both value and volume for the various segments.
Leading Companies in the Mobility Scooter Market Market:
- nvacare Corporation (Ohio, United States)
- Excel Mobility (Van Os Medical B.V.) (Steenbergen, Netherlands)
- Pride Mobility Products Corp. (Pennsylvania, United States)
- Medical Depot, Inc. (New York, United States)
- Golden Technologies ( Pennsylvania, United States)
- Afikim Electric Vehicles (Jordan Valley, Israel)
- Amigo Mobility International (Michigan, United States)
The Mobility Scooter Market report identifies major regions, including North America, Latin America, Europe, East Asia, and Japan, along with the most significant contributors from these regions. It includes detailed information on each key market player, including SWOT analysis, market data, market share, revenue, pricing, and gross margin.
Mobility Scooter Market Market Dynamics:
- Aging Population: The increasing elderly population, who often require mobility assistance, is driving demand for mobility scooters as a convenient and independent transportation solution.
- Rising Awareness of Accessibility: Greater awareness about the importance of accessibility for individuals with mobility challenges is promoting the adoption of mobility scooters in various environments.
- Technological Advancements: Innovations in scooter design, including lightweight materials, improved battery life, and enhanced safety features, are making mobility scooters more appealing to consumers.
- Growing Health and Wellness Trends: The focus on maintaining an active lifestyle among seniors is boosting interest in mobility scooters that support outdoor activities and social engagement.
- Expansion of Retail and Online Sales Channels: Increased availability of mobility scooters through both retail and e-commerce platforms is enhancing accessibility and convenience for potential buyers.
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Insights for each vendor include:
- Company profile
- SWOT analysis
- Key market information
- Market share
- Revenue, pricing, and gross margin
Key Insights from the Mobility Scooter Market Research Report:
- Macro- and microeconomic factors influencing the growth of Mobility Scooter Market.
- Comprehensive overview of Mobility Scooter Market, including market definition, classification, and applications.
- Analysis of major players based on mergers & acquisitions, R&D activities, and product launches.
- Adoption trends of Mobility Scooter Market across different industries.
- Regions and countries with the highest potential for Mobility Scooter Market stakeholders.
Regions Covered in the Mobility Scooter Market Report:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Table of Contents:
1. Introduction
1.1 Research Scope
1.2 Customer Segmentation
1.3 Data Collection Methods
1.4 Key Definitions & Caveats
2. Executive Summary
3. Market Dynamics
3.1 Mobility Scooter Market Drivers
3.2 Mobility Scooter Market Restraints
3.3 Market Opportunities
4. Key Insights
4.1 Value Chain Analysis
4.2 Significant M&A deals and strategic partnerships.
4.3 Covid-19 Impact
5. Healthcare Industry Trends
6. Competitive Landscape
7. Mergers, Joint Ventures, and Agreements
8. Mobility Scooter Market Market Size Growth 2024
9. Strategies Adopted by Leading Players
10. Company Profiles (Overview, Financials, Products, and Recent Developments)
11. Disclaimer
Table of Contents Continued…!
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Frequently Asked Questions (FAQ’s)
- What is the market size of Mobility Scooter Market?
- What factors are driving Mobility Scooter Market growth in North America?
- Who are the major players in the Mobility Scooter Market market?
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