Global Elderly Mobility Vehicle Market (2017-2024)- Research Nester
Global Elderly Mobility Vehicle Market by design type (Boot scooters, mid-size scooters, Road scooters)
Global Elderly Mobility Vehicle Market by design type (Boot scooters, mid-size scooters, Road scooters)
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<strong>Global</strong> <strong>Elderly</strong> <strong>Mobility</strong> <strong>Vehicle</strong> <strong>Market</strong><br />
Outlook: Industry Insights & Opportunity<br />
Evaluation, <strong>2017</strong>-<strong>2024</strong><br />
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<strong>Global</strong> <strong>Elderly</strong> <strong>Mobility</strong> <strong>Vehicle</strong> <strong>Market</strong><br />
Overview<br />
<strong>Elderly</strong> <strong>Mobility</strong> <strong>Vehicle</strong> <strong>Market</strong> is an electrically fueled<br />
vehicle intended for the individual who are elder or disabled and help<br />
them to move from one place to another. These scooters are similar to<br />
wheelchair but equipped with electric batteries. <strong>Mobility</strong> vehciles are<br />
driven through a steering tiller which gives direction of motion to the<br />
front wheels. Nowadays, these vehicles/scooters are replacing the old<br />
mobility devices such as wheelchair since the improvement in the<br />
design of mobility scooters has expanded its use indoor to outdoor.<br />
Based on the number of wheels, elderly mobility vehicles are<br />
segmented as follows: three-wheeler, four-wheeler and five-wheeler.<br />
More than 75% market is captured by four wheeler mobility<br />
vehciles/scooter.<br />
Moreover, increasing geriatric population in countries like North<br />
America, Canada and U.K. is expected to raise the demand for<br />
mobility scooters. Further, the key companies are expected to cut the<br />
price of mobility vehicle for making it more affordable and to make it<br />
available for the old and disable people at a lower price.<br />
<strong>Market</strong> Size and Forecast<br />
The global <strong>Elderly</strong> <strong>Mobility</strong> <strong>Vehicle</strong> market is anticipated to<br />
flourish at a CAGR of 5.3% over the period <strong>2017</strong>-<strong>2024</strong> and<br />
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expected to garner revenue of USD 3.1 billion by <strong>2024</strong>. The<br />
major factor for the rising market of global mobility scooter vehicle is<br />
technological advancement in the healthcare industry.<br />
Geographically, North America is holding the largest market and<br />
accounted for maximum market share in the terms of revenue share.<br />
North America is expected to go on with its dominance in the global<br />
mobility scooter market over the forecast period. Various<br />
government reimbursement policies such as affordable care act (ACA),<br />
older American Act (OAA) aims to provide remuneration to older and<br />
disable person in U. S. Similar acts like DTCC in Canada is expected to<br />
uplift the mobility scooter market in North America. Until now, North<br />
America has accounted for more than 93% in the America.<br />
Europe is expected to show substantial growth during the forecast<br />
period due to rising disposable income. Further, government schemes<br />
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like motability charity scheme in U.K. are the factor propelling the<br />
demand for mobility scooter. These factors are expected to swell the<br />
demand of mobility scooters.<br />
Furthermore, Asia-Pacific is anticipated to showcase tremendous<br />
growth rate on the back of the rising healthcare awareness and<br />
growing population.<br />
<strong>Market</strong> Segmentation<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
By Design Type<br />
Boot Scooters<br />
Mid-size Scooters<br />
Road Scooters<br />
By Number of Wheel<br />
3-Wheeled<br />
4-Wheeled<br />
5-wheeled<br />
By Application<br />
Commercial<br />
Residential<br />
By Drive Power<br />
Front wheel drive<br />
Rear wheel drive<br />
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By Region<br />
<strong>Global</strong> Plywood <strong>Market</strong> is further classified on the basis of region as<br />
follows:<br />
North America (U.S. & Canada) <strong>Market</strong> size, Y-O-Y growth &<br />
Opportunity Analysis<br />
Latin America (Brazil, Mexico, Rest of Latin America) <strong>Market</strong> size, Y-<br />
O-Y growth & Opportunity Analysis<br />
<br />
<br />
<br />
Western and Eastern Europe (U.K., Germany, France, Italy, Spain,<br />
Hungary, Belgium, Netherlands & Luxembourg, Rest of Western<br />
Europe) <strong>Market</strong> size, Y-O-Y growth & Opportunity Analysis<br />
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand,<br />
South Korea & Rest of Asia) <strong>Market</strong> size, Y-O-Y growth & Opportunity<br />
Analysis<br />
Middle East and North Africa (MENA) <strong>Market</strong> Size and Y-O-Y Growth<br />
Analysis<br />
Growth Drivers and Challenges<br />
The increasing demand for mobility scooters is driven on the back of<br />
friendly government initiatives and technological advancements in<br />
healthcare sector. Further, favorable government policies and schemes<br />
is anticipated the fuel the demand for mobility scooters in North<br />
America and Europe. One of the key factors accounting for demand of<br />
mobility scooters in America is rising old age population. The<br />
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increasing patients of knee disorders are expected to spur the demand<br />
for mobility scooters over the forecast period.<br />
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Further, the market is anticipated to witness strong growth in the<br />
demand owing to the rising consumer awareness about the type of<br />
mobility products available. Moreover, partnerships between<br />
government, mobility scooters manufacturers and healthcare<br />
companies are likely to drive the global mobility scooters market.<br />
However, absence of public infrastructure, relative high cost than<br />
wheelchairs, high cardiovascular risk is likely to hamper the growth of<br />
global mobility scooters market.<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
Key players<br />
Pride <strong>Mobility</strong><br />
Drive Medical<br />
Golden technologies<br />
Solax <strong>Mobility</strong><br />
Amigo mobility international Inc.<br />
Invacare Corporation<br />
Merits Health Products Inc<br />
Sunrise Medical<br />
Van Os Medical B.V.<br />
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TGA <strong>Mobility</strong><br />
Scope and Context<br />
Overview of the Parent <strong>Market</strong><br />
Analyst View<br />
Segmentation<br />
<br />
<br />
<br />
<br />
<br />
The <strong>Global</strong> <strong>Mobility</strong> Scooter <strong>Market</strong> is segmented as follows:<br />
By Design Type <strong>Market</strong> Size & Y-O-Y Growth Analysis<br />
By Number of Wheels <strong>Market</strong> Size & Y-O-Y Growth Analysis<br />
By Application <strong>Market</strong> Size & Y-O-Y Growth Analysis<br />
By Drive Power <strong>Market</strong> Size & Y-O-Y Growth Analysis<br />
By Region <strong>Market</strong> Size & Y-O-Y Growth Analysis<br />
<strong>Market</strong> Dynamics<br />
Supply & Demand Risk<br />
Competitive Landscape<br />
Porter’s Five Force Model<br />
Geographical Economic Activity<br />
Key Players (respective SWOT Analysis) and their Strategies and<br />
Product Portfolio<br />
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Recent Trends and Developments<br />
Industry Growth Drivers and Challenges<br />
Key Information for Players to establish themselves in current<br />
dynamic environment<br />
To know more about <strong>Global</strong> <strong>Elderly</strong> <strong>Mobility</strong><br />
<strong>Vehicle</strong> <strong>Market</strong> research, please visit:<br />
http://www.researchnester.com/reports/elderly-mobility-vehiclemarket-global-demand-analysis-opportunity-outlook-<strong>2024</strong>/279<br />
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