ResearchMoz added Latest Research Report titled " Global Mobility Scooter Market Till 2021: Worldwide Market Size, Shares, Trends, Growth, Survey and Forecast report " to it's Large Report database.
Albany, NY -- (SBWIRE) -- 02/24/2017 -- Market Research Analysts at Beige Intelligence, expect the Worldwide Mobility Scooter Market to reach approx. US $2.4 billion by 2021 and the market to grow at a CAGR of 3.08 % during the forecast period. The mobility scooters are turning out to be an ideal alternative to wheelchairs or crutches, which prove to be burdensome for those who require mobility aid. The global personal mobility market is undergoing a dramatic shift on account of a rapid increase in adoption of cost-efficient and technology-based products and also supportive government grants that enable the elderly and disable population to be more independent. The use of mobility scooters can help improve the self-perceived quality of life of aging population but can also have long-term detrimental effects by increasing cardiovascular risks.
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Europe accounted for over 35% of the revenue share in the personal mobility devices market in 2015 and was the second largest consumer of mobility scooter in the forecasted period with Britain being the mobility scooter capital of Europe. APAC is expected to grow at the fastest CAGR during the forecast period. The presence of untapped opportunities in the emerging markets of India and China and continually improving healthcare infrastructure in these markets are some of the key attributes accounting for the conclusion as mentioned earlier.
Mobility Scooter – Trends, Drivers, and Challenges
This market research report on mobility scooter provides an overview of the factors driving and restraining the growth of the Worldwide Mobility Scooter market. The report also outlines the key trends emerging in the market that will contribute to the growth of the market during the forecast period. Some of the factors driving the growth of the mobility scooter market include advancement of technology in the healthcare sector, rising geriatric population and increasing incidences of knee disorders and disabilities in mobility. Also, the high adoption rate of these mobility aids and also the growing awareness of the types of equipment available and the presence of supportive government initiatives in this field contribute to the growth of the market.
Some of the impending challenges confronting the Mobility Scooter Market include the lack of public infrastructure in many countries and also misuse of mobility scooter by able-bodied people. The mobility scooters are intended for elderly, and disabled people use but there is an increasing use of these devices by the able-bodied population as cost- effective means due to government schemes and lead to increased obesity levels and accidents. Also, there has been a marked change in the way people use them on account of their easier availability in second-hand market. Also, the lack of coherence on the regulations governing the classification of mobility scooters and the use of powered wheelchairs acts as a growth deterrent for the market..
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Mobility Scooter – Key Vendors and Market Share
This market research report on mobility scooter profiles the major companies in the market and also provides a competitive landscape of key players. The major players in the market include Drive Medical, Electric Mobility, Golden Technologies, Pride Mobility, Sunrise Medical, and Quingo . Some of the other prominent vendors featured in the report include Amigo Mobility International, Invacare, Afikim Electric Vehicles, Van Os Medical, Hoveround Corporation, Roma Medical, Merits Health Products, Kymco, TGA Mobility, and Vermeiren International. The Market players are adopting sustainability strategies such as mergers & acquisitions, strategic collaborations, and expansion of product portfolios to accentuate market growth.
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