by The Travel Mobility Scooter Market is estimated to be valued at US$ 1.28 Bn in 2023 and is expected to exhibit a CAGR of 6.44% over the forecast period 2023-2023, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Travel mobility scooters are lightweight, self-propelled scooters meant for indoor and outdoor use. They provide an independent mode of transportation for elderly and disabled users who have mobility issues. Some key features of travel mobility scooters include rechargeable batteries, front basket, seatbelt, reflectors, anti-tip wheels and horn. Travel mobility scooters offer convenience, independence and enhance overall quality of life.
Market key trends:
The increasing geriatric population worldwide suffering from age-related disabilities and mobility issues is a major driver for the travel mobility scooter market. According to the United Nations, the number of people aged 65 years and above is projected to grow from 703 million in 2019 to 1.5 billion in 2050. Further, advancements in lithium-ion battery technology have improved the performance of travel mobility scooters in terms of range and charge cycles. Manufacturers are increasingly offering heavy-duty, outdoor travel scooters with better shock absorption and ground clearance to expand usage. Connected travel scooters integrated with multimedia features, GPS navigation and advanced safety features are also gaining traction in the market.
Market Dynamics:
The Travel Mobility Scooter Market Demand is estimated to be valued at US$ 1.25 Bn in 2023 and is expected to exhibit a CAGR of 6.44% over the forecast period 2023-2023, as highlighted in a new report published by Coherent Market Insights.
The increasing geriatric population is one of the key drivers of growth for the global travel mobility scooter market. As per the UN’s World Population Ageing Report 2023, the number of people aged 65 years or over is projected to grow from 727 million to 1.5 billion between 2020 and 2050. The elderly population is more prone to age-related diseases and medical conditions that limit mobility. This is expected to fuel demand for travel scooters to improve accessibility and independence.
The rising prevalence of physical disabilities caused by diseases, injuries, or conditions is another factor influencing market expansion. Conditions like arthritis, multiple sclerosis, spinal cord injuries, cerebral palsy, etc. can impede mobility in varying degrees. Travel mobility scooters help overcome impediments and assist those with reduced mobility to lead active lifestyles. Their maneuverability allows users to navigate various terrains smoothly and reinforces independence.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
