Global Personal Mobility Devices Market Size is expected to be worth roughly USD 21.2 Billion by 2030, growing at a CAGR of more than 6.3% during the projected timeframe of 2022-2030, according to Ameco Research
The personal mobility device market size has evolved significantly in recent years due to advances in technology and changing consumer preferences. The growing popularity of electric scooters and other electric personal mobility devices is one of the major factors in the personal mobility device market growth. These devices have gained popularity due to their convenience and environmentally-friendly nature. Many cities have also implemented policies to encourage the use of electric scooters and other electric personal mobility devices as a way to reduce traffic congestion and pollution.
Personal mobility devices are small, self-propelled vehicles that are designed to be used by individuals for short-distance travel. These devices can include electric scooters, personal transporters, electric skateboards, and other types of small, electric vehicles. The personal mobility device market is made up of the manufacturers, suppliers, and retailers of these devices, as well as the service providers who support their use. The market is driven by factors such as advances in technology, changing consumer preferences, and government policies related to transportation. Personal mobility devices are becoming increasingly popular as a way to easily and conveniently travel short distances, particularly in urban areas. They are often seen as a more environmentally-friendly alternative to traditional modes of transportation, and they can help to reduce traffic congestion and pollution in cities. Overall, the personal mobility device market value is a rapidly growing and evolving market that is expected to continue to expand in the coming years.
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Global Personal Mobility Devices Market Trends
Some of the key trends in the personal mobility device market are the development of lightweight, portable devices that can be easily carried and used in a variety of settings. These devices, such as foldable electric scooters and personal transporters, are becoming increasingly popular due to their convenience and versatility. Finally, the personal mobility device market is also being impacted by the rise of shared mobility platforms, which allow people to rent or share personal mobility devices on a short-term basis. This trend has been fueled by the increasing popularity of ride-sharing services and the growing demand for convenient and affordable transportation options.
Technological Advancements in Healthcare Sector Drive the Personal Mobility Devices Market Growth
Advancements in technology have played a significant role in driving the growth of the personal mobility device market revenue. The developments of lightweight, portable personal mobility devices that are powered by electric motors have made these devices more convenient and user-friendly. This has contributed to their increasing popularity as a means of transportation. In the healthcare sector, advances in technology have also enabled the development of personal mobility devices that are specifically designed for use by people with disabilities or mobility impairments. These devices, such as electric wheelchairs and scooters, can help to improve the mobility and independence of people with physical limitations. Eventually, advances in technology have played a key role in driving the growth of the personal mobility device market by making these devices more convenient and accessible to a wider range of users.
Personal Mobility Devices Market Segmentation
Ameco Research has fragmented the global personal mobility devices market by type, and end use. By type, the industry is sub-divided into wheelchair, scooters, walking aids, and other.
In term of end use, the market is classified into hospitals and clinics, home care settings, and other. According to the personal mobility devices market forecast, the home care settings segment is expected to grow extensively in the global market over the next few years.
Personal Mobility Devices Market Regional Outlook
The global personal mobility devices market is divided into several geographical regions: North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa. According to a personal mobility devices industry analysis, the Asia-Pacific region is predicted to be the fastest-growing region in the worldwide market over the next few years. The Asia-Pacific region is home to numerous rapidly urbanizing countries, and the expanding population in these cities is driving the demand for accessible and efficient modes of transportation. Personal mobility devices are well-suited to the needs of urban residents and are likely to grow in popularity in this region. The Asia-Pacific region has a large and growing middle class, which is likely to fuel demand for personal mobility devices. As the middle class grows, more individuals will be able to purchase these devices, driving the market growth. Altogether, the combination of rapid urbanization, increasing disposable incomes, government support, and a growing middle class is expected to drive the growth of the personal mobility device market in the Asia-Pacific.
Personal Mobility Devices Market Market Companies
Some of the most notable worldwide personal mobility devices market players are Argo Medical, Amigo Mobility International Inc., ArjoHuntleigh, Hill-Rom Holdings Inc., Invacare, Carex Health Brand Incorporation, Graham-Field Health Products Incorporated, and TOPRO.
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