Travel Mobility Scooter Market, 2018-2026 – Market Outlook, Competitive Analysis, Industry Trends: Coherent Market Insights
Travel mobility scooters
are used as a mobility aid and is operated by power or battery. It is an
equivalent option for wheelchairs and is also known as electric scooter. These
scooters are beneficial to people with mobility problems for carrying out their
daily activities with ease.
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Increasing
incidence of chronic rheumatic conditions is one of the major factors resulting
in rising demand for travel mobility scooters
Chronic rheumatic
disease is a condition in which people suffer from joint diseases, physical
disability, spinal disorders, and conditions resulting from trauma. People
suffering from rheumatic arthritis have problem in their joints, which can
worsen with growing age leading to pain and limiting the function of
joints. A travel mobility scooter is a perfect aid for people suffering from
this condition. In the recent past, the number of people suffering from chronic
rheumatic diseases has increased. For instance, according to the World Health
Organization (WHO), worldwide estimates show that 9.6% of men and 18.0% of
women aged over 60 years have symptomatic osteoarthritis, which is a form of
rheumatic disease. Around 80% of those with osteoarthritis have limitations in
movement and around 25% cannot perform daily activities. Also, people with
low stamina or issues in arm or limb flexibility can opt for electronically
operating travel mobility scooters, as they are easy to operate as compared to
a manual wheel chair. Therefore, increasing incidence of chronic health
disorders among people is expected to drive growth of the market over the
forecast period.
Travel Mobility Scooter
Market: Regional Insights
On the basis of region,
the global travel mobility scooter market is segmented into North America,
Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is
the largest market in terms of revenue for travel mobility scooter in 2017,
owing to increasing health issues such as disabilities, musculoskeletal
diseases, arthritis, and rheumatic diseases, and increasing geriatric population.
For instance, according to a 2017 report by the Arthritis Foundation, between
2013 and 2015, around 54.4 million adults in the U.S. (22.7% of all adults)
were diagnosed with arthritis. Furthermore, the Arthritis Foundation had
estimated this count is expected to increase to around 78.4 million adults
(25.9 % of all adults) by 2040. Moreover, the number of disabilities in people
in the region has also increased over the years. According to the 2017 report
by the National Institute on Disability, the percentage of civilian population
with disability increased from 11.9% in 2010 to 12.8% in 2016. Furthermore,
rising geriatric population in North America is expected to aid in growth of
the market. For instance, according to the 2017 census report released on March
27, 2017, on July 1, 2015, the number of North America people in the age group
of 65 years and above was 47.8 million (14.9 per cent of total population),
accounting an increase of 1.6 million from 2014. As per the census report, it
was estimated that the count of people in the age group of 65 and above will
reach 98.2 million by 2060. These factors will fuel growth of the travel
mobility scooter market in North America over the forecast period.
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Asia Pacific is expected
to exhibit high growth in the global travel mobility scooter market, owing to
increasing population of senior citizens. For instance, according to July 7,
2017 review report by the United Nation, Asia Pacific region displayed a rapid
demographic aging. The review highlighted the fact that in 2017, the number of
citizens aged 60 years and above in the region was around 576 million and is
expected to increase to around 872 million by 2030 and around 1.3 billion by
2050.
Travel Mobility Scooter
Market: Competitive Landscape
Some of the key players
operating in the global travel mobility scooter market include Merits Health
Products, Pride Mobility Products, Afikim Electric Vehicles, Invacare, Sunrise
Medical, Roma Medical, Drive Medical, Golden Technologies, Hoveround Corp,
Quingo, TGA Mobility, Electric Mobility, Van Os Medical, Kymco, Amigo Mobility,
and Vermeiren.
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Travel Mobility Scooter
Market: Taxonomy
The global travel
mobility scooter is segmented on the basis of product type, application, and
region as follows:
By Product Type:
- Class 2 Scooter
- Class 3 Scooter
By Application:
- Residential
- Commercial
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
About Coherent Market Insights:
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market analysis, consulting services, and competitive analysis through various
recommendations related to emerging market trends, technologies, and potential
absolute dollar opportunity.
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Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
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