$1.3 Billion Worldwide Mobility Scooters Industry to 2027 - Impact of COVID-19 on the Market

DUBLIN, March 16, 2021 /PRNewswire/ -- The "Mobility Scooters - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Mobility Scooters estimated at US$ 1.4 Billion in the year 2020, is projected to reach a revised size of US$ 2 Billion by 2027, growing at a CAGR of 5.9% over the analysis period 2020-2027.

4 Wheel, one of the segments analyzed in the report, is projected to record a 5.6% CAGR and reach US$ 1.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the 3 Wheel segment is readjusted to a revised 6.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $398.7 Million, While China is Forecast to Grow at 5.5% CAGR

The Mobility Scooters market in the U.S. is estimated at US$ 398.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$ 355 Million by the year 2027 trailing a CAGR of 5.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.5% and 4.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.

Other Wheel Types Segment to Record 4.8% CAGR

In the global Other Wheel Types segment, USA, Canada, Japan, China and Europe will drive the 4.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$ 81.9 Million in the year 2020 will reach a projected size of US$ 114 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$ 232.3 Million by the year 2027.

Select Competitors (Total 42 Featured):

• Afikim Electric Vehicles
• Amigo Mobility International Inc.
• Drive Medical Design and Manufacturing
• Electric Mobility
• Golden Technologies Inc.
• Hoveround Corp.
• Invacare
• Pride Mobility Products
• Quingo
• Sunrise Medical
• Van Os Medical

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of Covid-19 and a Looming Global Recession
• Global Competitor Market Shares
• Mobility Scooters Competitor Market Share Scenario Worldwide (in %): 2020E
• Global Competitor Market Shares by Segment

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

• Total Companies Profiled: 42

For more information about this report visit https://www.researchandmarkets.com/r/3xxg9q

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SOURCE Research and Markets