Global Mobility Scooters Market Analysis (2024 - 2030)

The global market for Mobility Scooters exhibited a valuation of USD 2.03 Billion and is estimated to attain USD 3.23 Billion by the conclusion of 2030. Within the forecast period spanning from 2024 to 2030, an approximate CAGR of 6.85% is anticipated.

Mobility Scooters Industry Overview:

Mobility scooters, characterized by their electric power, serve as aids akin to an electric wheelchair or an auxiliary vehicle, configured in a manner similar to motorcycles. These versatile vehicles operate on electricity, catering to individuals with reduced mobility, offering independence for indoor and outdoor movement. Typically equipped with three or four wheels, mobility scooters are primarily sought after by elderly individuals experiencing diminished strength and balance. They come in two main forms: front-wheel drive, ideal for indoor use due to their compact size, and rear-wheel drive, suitable for both indoor and outdoor environments. Rear-wheel-drive scooters support greater rider weight compared to their front-wheel-drive counterparts.

Functioning as an alternative to wheelchairs, mobility scooters are poised for substantial growth during the forecast period. The market presents attractive prospects for industry participants owing to technological strides in electric mobility scooters. The global presence of market contributors is expected to facilitate the development of efficient and environmentally friendly scooters tailored for individuals with disabilities and the elderly, driving market expansion in the forthcoming years. Battery-powered mobility scooters are particularly beneficial for individuals with disabilities, enhancing strength and balance. Growing consumer demand for efficient, reliable, and energy-conserving vehicles further bolsters market growth. Nonetheless, industry participants are urged to address challenges within the mobility scooter market, particularly in enhancing charging infrastructure.

Impact of COVID-19 on Mobility Scooters Market:

The coronavirus pandemic wrought disruptions across logistics, distribution, and supply chain management, affecting numerous businesses on a global scale. The enforced lockdowns halted production and manufacturing activities, thereby impeding the global mobility scooter market. Industry players in the mobility scooter sector are recuperating from losses by pivoting towards e-scooters. Both the automotive industry and mobility scooter market witnessed adverse effects from the COVID-19 pandemic, stemming from reduced vehicle production and stringent travel restrictions hindering mobility scooter purchases. However, as mobility restrictions ease, scooter manufacturers are redirecting focus towards scaling up production of innovative scooters to cater to global consumer demands. COVID-19 has presented unprecedented economic, humanitarian, and health challenges worldwide, particularly impacting the automotive and mobility sectors.

Market Drivers:

Government Investments Promoting Eco-friendly Mobility Scooters:

Governments globally are increasingly investing in eco-friendly mobility solutions, spurred by rising awareness of vehicular pollution and its environmental repercussions. This heightened awareness has bolstered the demand for mobility scooters powered by battery technology. Environmental advocacy and governmental support have encouraged the adoption of 3- and 4-wheel mobility scooters, subsequently reducing sales of conventional, emission-intensive vehicles. The surge in popularity of mobility scooters, coupled with government funding in developing nations, presents lucrative opportunities for stakeholders in the global mobility scooter market. Additionally, initiatives and policies aimed at providing cost-effective mobility solutions further drive market growth.

Technological Advances in Battery Technology:

Progressive advancements in battery technology serve as a significant driver for the global market. Leading manufacturers are innovating with batteries tailored for electronic vehicles, including mobility scooters. Economical lithium-ion and zinc-manganese oxide batteries are enhancing the overall performance of mobility scooters, reducing weight and charging times. Ongoing research and development initiatives in battery technology present avenues for value-added opportunities within the market. The adoption of smart mobility scooters, characterized by heightened efficiency, is gaining traction among consumers.

Market Restraints:

Lack of Charging Infrastructure:

The predominant challenge hindering market growth is the inadequate availability of charging stations in many regions. Mobility scooters reliant on battery power face limitations in charging options, necessitating a focus on enhancing charging infrastructure in major urban centers. Low awareness and insufficient manufacturing infrastructure in rural areas further impede market expansion. Inconsistent infrastructure and concerns regarding range anxiety pose additional challenges for stakeholders in the mobility scooter market.

Mobility Scooters Market - By Battery Type

• SLA
• Li-Ion
• NiMH

Within the Battery Types category, the Lithium-Ion (Li-Ion) Battery segment emerges as the predominant force in the Mobility Scooters market. Li-Ion batteries have garnered significant favor owing to their high energy density, lightweight construction, and extended lifespan when compared to conventional batteries. Mobility scooters equipped with Li-Ion batteries offer users enhanced convenience and efficiency, boasting extended travel ranges and quicker charging times. The widespread adoption of Li-Ion batteries underscores the industry's commitment to providing state-of-the-art technology and improved performance for individuals seeking dependable and enduring mobility solutions.

While Li-Ion batteries command a substantial market share, the Sealed Lead Acid (SLA) Battery segment represents the fastest-growing category during the projected period. SLA batteries have enjoyed widespread usage in mobility scooters due to their cost-effectiveness and suitability for entry-level models. Recent advancements in SLA battery technology have yielded enhanced energy efficiency and prolonged battery life, catering to the requirements of budget-conscious consumers. Furthermore, SLA batteries are recyclable and environmentally friendly, aligning with the industry's growing trend towards eco-consciousness.

Mobility Scooters Market - By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East
• Africa

From a geographical perspective, North America spearheads the electric scooter market, followed closely by APAC and Europe. The market's momentum in North America is attributed to the substantial presence of an aging population coupled with a high income level. The region is projected to be a key driver for the market due to health challenges prevalent among its population aged 65 and above, including disabilities, musculoskeletal disorders, arthritis, and rheumatism, all of which necessitate electric scooter usage. According to census projections, the North American population aged 65 and above is expected to reach 98.2 million by 2060, further propelling the growth of the electric scooter market during the forecast period. The significant rise in aging populations in the Asia Pacific and Europe regions continues to elevate the electric scooter market.

Mobility Scooters Market Share by Company

1. Afikim Electric Vehicles
2. Invacare
3. Sunrise Medical
4. Roma Medical
5. Drive Medical
6. Golden Technologies
7. Hoveround Corp
8. Quingo
9. TGA Mobility
10. Electric Mobility
11. Van Os Medical
12. Kymco
13. Amigo Mobility
14. Vermeiren

Sunrise Medical, a global leader in advanced assistive mobility solutions, recently announced the strategic acquisition of two prominent global pediatric brands, Leckey and Firefly. This acquisition of James Leckey Design, along with its subsidiaries Firefly Friends and Vida Global, significantly expands Sunrise Medical’s pediatric product and service offerings within therapeutic care. This acquisition complements Sunrise Medical’s existing pediatric mobility portfolio, strengthening its position in the market.

Industry suppliers are actively investing in research and development to create technologically advanced systems that provide them with a competitive edge and benefit the industry economically. The industry is poised to witness numerous mergers and acquisitions in the coming years, as companies proactively strive to increase their market share and offer a diverse product portfolio.

Notable Developments in the Mobility Scooters Market:

• Product Launch: In April 2021, Sunrise Medical, a key player in the market, introduced the QM-7 electric wheelchair as part of its premier line of adult power wheelchairs. The QM-7 features SpiderTrac 2.0 suspension and an advanced seating system designed to support complex seating and positioning needs.
• Product Introduction: In early 2021, Permobil, a leading company in advanced rehabilitation technology, unveiled its front-wheel drive electric wheelchair, adding to its lineup of innovative mobility solutions.