Personal Mobility Devices Market Size & Share, By Product (Walking Aids, Wheelchairs, Scooters), Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Market Outlook:

Personal Mobility Devices Market exceeded USD 11.46 Billion in 2023 and is predicted to cross USD 20.89 Billion by end of the year 2032, witnessing more than 6.9% CAGR between 2024 and 2032.

• Base Year Value (2023): USD 11.46 Billion
• CAGR (2024-2032): 6.9%
• Forecast Year Value (2032): USD 20.89 Billion
• Historical Data Period: 2019-2023
• Largest Region: North America
• Forecast Period: 2024-2032

Market Dynamics:

Growth Drivers & Opportunity:

The increasing demand for efficient and convenient transportation solutions is a major growth driver for the personal mobility devices market. With rising urbanization and traffic congestion, people are opting for compact and portable devices such as electric scooters and bicycles for their daily commute. This trend is expected to drive the market growth in the coming years.

Additionally, a major contributor to the growth of the personal mobility devices market is the growing emphasis on sustainable transportation solutions. Consumers are becoming more environmentally conscious and are looking for eco-friendly alternatives to traditional modes of transportation. This is fueling the demand for electric and hybrid mobility devices, providing a significant opportunity for market players to capitalize on.

The technological advancements in the personal mobility devices sector are also driving the market growth. Innovative features such as GPS tracking, smartphone connectivity, and AI-powered navigation systems are making these devices more user-friendly and attractive to consumers. The integration of smart technologies is expected to enhance the overall user experience and further boost the market growth.

Report Scope

Report Coverage	Details
Segments Covered	Product
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	Invacare, Pride Mobility, Kaye products, Briggs Healthcare, Carex Health brand, GF Health products, Ottobock, Permobil, Electric mobility, Euroverma

Industry Restraints:

One key constraint for the personal mobility devices market is the lack of infrastructure to support these devices. Inadequate charging stations and parking facilities for electric scooters and bicycles limit the adoption of these devices in urban areas. Addressing this infrastructure challenge will be crucial for the widespread acceptance and growth of the market.

Regulatory hurdles and safety concerns pose another restraint to the personal mobility devices market. As these devices share the road with traditional vehicles and pedestrians, there are challenges related to safety regulations and traffic laws. Ensuring the safety of users and addressing regulatory concerns will be key for the sustainable growth of the market.

Regional Forecast:

The Personal Mobility Devices market in North America is driven by the increasing adoption of advanced technologies such as IoT and AI in mobility devices. The United States holds the largest market share in the region, attributed to the high disposable income and increasing aging population. In Canada, the market is also witnessing steady growth due to the government initiatives to enhance accessibility for individuals with disabilities.

The Asia Pacific region is experiencing significant growth in the Personal Mobility Devices market, especially in China and Japan. China is leading the market with the highest number of manufacturers and suppliers. Japan, on the other hand, is seeing a rise in demand for smart mobility devices integrated with healthcare monitoring systems. South Korea is also showing promising growth with the introduction of innovative mobility solutions.

In Europe, the Personal Mobility Devices market is thriving in countries like the United Kingdom, Germany, and France. The United Kingdom is witnessing a surge in demand for electric wheelchairs and scooters due to the increasing awareness about environmental sustainability. Germany is focusing on the development of lightweight and portable mobility devices, while France is emphasizing on improving accessibility in public spaces for individuals with reduced mobility.

Segmentation Analysis:

In terms of segmentation, the global Personal Mobility Devices market is analyzed on the basis of Product.

Personal Mobility Devices Market

Walking Aids: The walking aids segment of the personal mobility devices market comprises of crutches, canes, and walkers among others. This segment is driven by the increasing incidence of mobility issues among the aging population, as well as the growing awareness about the importance of maintaining independence and mobility. Manufacturers are focusing on developing lightweight and ergonomic walking aids to enhance user comfort and convenience.

Wheelchairs: The wheelchairs segment of the personal mobility devices market includes manual wheelchairs, powered wheelchairs, and mobility scooters. The demand for wheelchairs is increasing due to the rising prevalence of physical disabilities and chronic illnesses. Manufacturers are incorporating advanced features such as adjustable seating, foldable frames, and powered motors to improve user experience and accessibility.

Scooters: The scooters segment of the personal mobility devices market consists of electric scooters and mobility scooters. These devices are gaining popularity among individuals with mobility impairments or those seeking convenient transportation options. The adoption of scooters is driven by factors such as urbanization, technological advancements, and the desire for eco-friendly transportation solutions. Manufacturers are focusing on developing lightweight, foldable, and portable scooters to cater to the evolving needs of consumers.

Competitive Landscape:

The competitive landscape in the Personal Mobility Devices Market is characterized by a mix of established manufacturers and emerging startups, all striving to meet the growing demand for mobility solutions due to an aging population and increasing focus on accessibility. Major players are investing heavily in research and development to innovate and enhance product features, such as battery life, portability, and smart technologies. Collaborative efforts, strategic partnerships, and mergers are becoming common as companies seek to expand their market presence and diversify their offerings. Additionally, the market is witnessing an increase in e-commerce platforms, allowing for broader reach and improved consumer access to a variety of mobility devices.

Top Market Players

- Invacare Corporation

- Sunrise Medical

- Permobil AB

- Drive Medical

- Pride Mobility Products Corporation

- OttoBock Healthcare

- Karman Healthcare

- Medline Industries

- Graham-Field Health Products

- Aetna Inc