Personal mobility device Market Trends, Share, Forecast, 2030

Global Personal mobility device market Size

[ 170 + Pages Research Report ] to surpass USD 20.9 Billion by 2030 from USD 9.31 Billion in 2018 at a CAGR of 7.00% throughout the forecast period, i.e. 2019-30.

A personal mobility device is a measure used by humans to move from one place to another. These devices assist humans and cater to their requirements of transportation, they are of two types motorized and unmotorized. Motorized devices consist of electric scooters, hoverboards, power-assisted bicycles, etc. whereas, unmotorized devices include kick-scooters, bicycles, skateboards, etc. People with walking difficulties use wheelchairs, mobility scooters, or motorized wheelchairs to move from one place to another. Personal mobility device has simplified the concept of moving from one place to another and ruled out the dependency factor to commuting from the current location to the destination location. The populace is independent to commute with their own mobility devices.

Market Highlights

The global Personal mobility device market is expected to project a notable CAGR in 2030.

Global Personal mobility device market to surpass USD 20.9 Billion by 2030 from USD 9.31 Billion in 2018 at a CAGR of 7.00% throughout the forecast period, i.e. 2019-30. With the changing lifestyle and preferences, demand and need to transport from one place to another has been emerging. Personal mobility devices have played a crucial role in covering short distances without taking help from others since they are very convenient to use which is the key factor boosting the growth of the global personal mobility devices due to rising demand. Another major factor attributing to the growth of the market is the mounting geriatric population, rising number of disability cases, and an increasing number of road mishaps.

Recent Highlights in the Global Personal mobility device Market

In November 2020, e-Motion Concepts a Brisbane-based smart electric vehicle and urban transport company announced to set up a new business unit focused to target the personal mobility device market in urban environments.

Global Personal mobility device Market: Segments

Wheelchair segment to grow with the highest CAGR during 2019-30

The global Personal mobility device market is segmented by wheelchairs, walking aids, scooters, and others. The wheelchair segment held the largest market share of XX.X% in the year 2018. Various forms of disabilities such as physical injury, spinal cord injury, aging, or any kind of disorders or diseases due to which an individual requires assistance to commute, personal mobility devices help and fulfill the need of consumers. Wheelchairs are convenient to use and to move from one place to another, also, electronic wheelchairs simplify outdoor movement from one place to another.

A manual segment to grow with the highest CAGR during 2019-30

The global Personal mobility device market is also segmented by application into Power and Manual. The manual segment held the largest market share of XX.X% in the year 2018 and will continue to dominate the market throughout the forecast period since consumers find it easier to use whereas, electronic devices may observe a boost in the growth of the segment with proper training and guidance to use. The populace with disabilities prefers manual overpower devices due to the fear of injury and lack of proper training.

Hospitals & Clinics segment to grow with the highest CAGR during 2019-30

The global Personal mobility device market is also segmented by end-user into Homecare settings, Hospitals & Clinics, and Others. The hospitals & clinics segment held the largest market share of XX.X% in the year 2018 and will continue to dominate the market throughout the forecast period owing to increasing number of footfalls, increasing government initiatives, and policies focused on better hospital infrastructure and availability of apt insurance policies in the hospital.

Market Dynamics

Drivers

Advanced improvements in the devices

With advancements in technology, several improvements have been observed in personal mobility devices which have made them easier to access than before and provided individuals with advanced features enabling them to engage in outdoor movement from one place to another.

Rising numbers of disability cases, spinal injuries, and road accidents

According to the past trends it has been observed that the number of disability cases, spinal injuries, and road accidents have increased over some time which has attributed to driving the demand for personal mobility devices and expanding the global market throughout the forecast period.

Restraint

High product cost and lack of proper guidance

Personal mobility devices are expensive which is difficult to afford by individuals from all income groups, in addition to this, due to lack of proper guidance and assistance for using the devices consumers prefer manual devices over electronic ones due to fear of physical injury.

Global Personal mobility device Market: Key Players

Acorn Stairlifts Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
Invacare Corporation
Pride Mobility Products Corporation
Drive Devilbiss Healthcare
Sunrise Medical (US) LLC
Acorn Stairlifts Inc.
Stannah International
Ottobock Healthcare
R&E Stricker Reha-Entwicklungen GmbH
Spinergy, Inc.,
Other Prominent Players

Global Personal mobility device Market: Regions

The global Personal mobility device market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.

The global Personal mobility device markets market in North America held the largest market share of XX.X% in the year 2018. North America will continue to dominate the global tinplate market due to its higher per-capita income and a growing number of individuals with disabilities requiring assistive equipment which will promote the growth of the Personal mobility device market in the region throughout the forecast period. Europe will also observe substantial growth over the projected timeline due to the increasing number of accidents and injuries and the rising prevalence of diseases leading to a growth in the number of individuals with special requirements.

The global Personal mobility device market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – the United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and the Rest of APAC
MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global Personal mobility device market report also contains analysis on:

Personal mobility device Market Segments:

By Product Type
- Wheelchair
- Walking Aids
- Scooters
- Others
By Application
- Power
- Manual
By End User
- Homecare Setting
- Hospitals & Clinics
- Others
Personal mobility device Market Dynamics
Personal mobility device Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints

Frequently Asked Questions (FAQ):

According to Fatpos Global, the Global Personal Mobility Device Market size was valued at USD 9.31 billion in 2018 and is projected to reach USD 20.9 billion by 2030, growing at a CAGR of 7.0% during the forecast period (2019–2030). The market growth is driven by the rising number of people with disabilities, increased geriatric population, and growing demand for convenient personal mobility solutions worldwide.

major growth drivers include technological advancements in mobility aids, rising incidences of disabilities, spinal injuries, and road accidents, and the aging global population. Increased consumer awareness and government initiatives promoting accessibility and independence for individuals with mobility challenges are further propelling the market expansion.

wheelchair segment holds the largest share in the global market due to its widespread use among individuals with mobility impairments caused by injuries, chronic diseases, or age-related disabilities. Among applications, manual mobility devices dominate the market owing to their affordability and ease of use, while powered devices are gaining traction with continued technological innovations.

North America dominates the global Personal Mobility Device Market, attributed to its high healthcare spending, strong infrastructure, and increasing adoption of assistive technologies. The Asia-Pacific region is expected to witness the fastest growth during the forecast period due to a rapidly aging population, rising accident rates, and improving healthcare access in countries such as India, China, and Japan.