Global Travel Mobility Scooter Market Competitive Landscape, Growth Factors, Revenue Analysis by 2028

The global travel mobility scooter market is anticipated to grow at a considerable CAGR of 6.4% during the forecast period (2022-2028). Travel mobility scooters are electric-powered scooters that are used for providing mobility aid to people having difficulty in mobility. The major factor attributing to the growth of the global travel mobility scooter market includes the increasing population of aged people above 60 years across the globe. According to the World Health Organization (WHO), the old-age population aged above 60 years is consistently increasing and is estimated to reach 2 billion by 2050. Thus, increasing the demand for a travel mobility scooter.

The use of travel mobility scooters is also increasing due to the increasing number of patients with chronic rheumatic diseases across the globe. According to the WHO, chronic rheumatic disease is a condition in which people suffer from joint diseases, physical disability, or spinal disorders. It is estimated that around 9.6% of men and 18% of women aged over 60 years are living with osteoarthritis, a type of rheumatic disease in 2018. Among these, around 80% of the patients with osteoarthritis are facing limitations in movement. Furthermore, The use of travel mobility scooters is also increasing due to several benefits associated with a travel mobility scooter. These benefits include making daily activities easier, no license and registration needed, being comfortable in movement, and providing the ability to go in public, among others. Thus, propelling the growth of the global travel mobility scooter market.

The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instances-

• In October 2020, the government of England launched a new accessibility scheme in Soth Yorkshire. Under this scheme, the government will develop scooter-friendly stations that will benefit mobility scooter users to move among 10 stations across northern rail networks.
• In October 2019, the government of Malta launched a pilot project on the World Day of the Elderly. This pilot project will provide electric scooters to elderly people with mobility problems to commute around Valletta.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape-Electra Group, Amigo Mobility International Inc., Medical Depot Inc., EV Rider LLC, and Golden Technologies, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Travel Mobility Scooter Market Report by Segment

By Application

• Residential
• Commercial