The personal mobility devices market is estimated to be valued at USD 12.71 billion in 2023 and is expected to reach USD 30 billion by 2033. The adoption of personal mobility devices is likely to advance at a CAGR of 9% from 2023 to 2033. A prominent force is the rise of urbanization and the subsequent need for compact, versatile mobility solutions. As cities expand and congestion escalates, personal mobility devices offer an efficient, eco-friendly alternative to traditional modes of transportation, unlocking opportunities for innovative products and services.
The burgeoning trend of "inclusive design" has gained momentum, spurring the creation of devices that cater to a wider range of users, including those with disabilities or unique mobility requirements. This emphasis on inclusivity not only extends access to individuals who were previously underserved but also drives advancements in ergonomics, comfort, and user-friendly features.
The market is also witnessing an intriguing push toward modular and customizable devices. Users are seeking personal mobility solutions that can adapt to their specific needs and preferences, prompting manufacturers to explore modular designs that allow for easy upgrades and modifications. The growing preference for sustainable materials and manufacturing processes is propelling innovation in the sector. Eco-conscious consumers are demanding products that align with their values, prompting companies to explore biodegradable materials, energy-efficient production methods, and recyclable components.
| Attribute | Details |
|---|---|
| Estimated Market Size 2023 | USD 12.71 billion |
| Projected Market Size 2033 | USD 30 billion |
| CAGR from 2023 to 2033 | 9% |
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The personal mobility devices market witnessed an 8% CAGR between 2018 and 2022. Personal mobility devices simplify individual travel, whether manual or powered, catering especially to those with mobility challenges. Devices like walkers, wheelchairs, rollators, canes, and crutches aid patients in ambulation.
Electronic personal mobility options, referred to as personal electronic mobility (e-mobility) devices, are available. These encompass hover boards/electric scooters, monorovers/electric unicycles, electric skateboards, self-balancing transport, electric bicycles, and tricycles. These aids are tailored to assist individuals dealing with various mobility impairments. Personal mobility scooters, or personal mobility aids, are tailored for the elderly population encountering walking difficulties; they are most prevalent in North America.
Personal mobility vehicles have garnered significant global attention. Among these, the electric unicycle stands out due to its compact size and convenient handle, making it a highly favored portable option. There is substantial demand for Onewheels, e-skateboards, e-scooters, and e-bikes.
Among the renowned electric personal mobility vehicles, Segway holds a prominent position. Technological advancements have rendered these vehicles more portable and accessible, foreshadowing a substantial expansion in the personal mobility devices market throughout the projected period.
The escalating prevalence of chronic ailments such as coronary heart disease, heart failure, diabetes, rheumatoid arthritis, and osteoarthritis contributes to market growth. The significant rise in the global elderly population, which is particularly susceptible to injuries or medical conditions necessitating mobility aid, further fuels the personal mobility devices market.
Projections indicate that sales of personal mobility devices will experience a CAGR of 9% from 2023 to 2033. Advancements in medical device technology concerning patient mobility and a surge in demand for personal mobility aids in emerging economies are expected to offer lucrative potential for market expansion in the near future.
Global citizens are actively seeking convenient and exhilarating modes of transportation, leading to heightened demand for innovative personal mobility devices.
This surge in interest has propelled the rapid rise of motorized bicycles and various mobility gadgets. Technological breakthroughs aimed at enhancing mobility and functionality is paving the way for substantial market expansion in the near future.
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The quest for smoother and safer transportation options has elevated the need for stretchers and other mobility aids. Remarkable demand has emerged from countries including the United States, Italy, Germany, France, and India.
In higher-income nations with a larger aging demographic, personal mobility devices are anticipated to witness heightened demand. This is due to both the natural aging process and a higher susceptibility to injuries and underlying health conditions.
As per the World Health Organization (WHO), over one billion individuals, roughly 15% of the global population contends with impairments.
This predicament is exacerbated by the global trend of extended lifespans. Older individuals are more prone to disabilities, making innovative mobility solutions pivotal in enabling their full participation in various aspects of life.
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Pioneering strides in personal mobility device design are making significant waves. WHILL is pushing the envelope with generative designs for lightweight, nimble electric vehicles.
The pursuit of enhanced mobility has led to innovations like self-balancing wheelchairs adept at traversing stairs, promoting convenience and improved lifestyles.
In light of such advancements, the global personal mobility devices market is poised for remarkable expansion. The introduction of ingenious wheelchair concepts, such as Küschall's graphene-based model, promises enhanced comfort and safety.
With ongoing innovations across diverse categories, the trajectory of the personal mobility devices market is set for rapid acceleration in the coming years.
Certain personal mobility devices carry a substantial price tag, potentially curbing market expansion. The manufacturing and innovation of mobility gadgets may entail significant capital investment.
Research and development activities also come with considerable expenses, translating to higher costs for personal mobility solutions. This scenario becomes particularly intricate for prospective buyers in nations with elevated healthcare expenditures.
The United States is the leading contributor in the North America personal mobility devices market. The combination of supportive government programmes that minimize the burden of the devices' high cost, as well as expanding reimbursement regulations, has resulted in the widespread use of personal mobility aids.
Because of the growing geriatric population, which is more susceptible to mobility problems including osteoporosis and rheumatoid arthritis, the demand for personal mobility aids has increased in the United States of America.
From 2023 to 2033, China is predicted to be the fastest-growing market for personal mobility devices.
China’s growing senior population can explain this. the country’s personal mobility devices market is likely to be driven by considerable R&D initiatives done by numerous organisations, such as the China Rehabilitation Research Center (CRRC).
Increased disposable income, increased awareness, high healthcare expenditure, and government measures targeted at expanding healthcare access are all projected to drive market expansion in China.
Walking or mobility aids have seen a significant increase in sales in recent years among various personal mobility solutions. As a growing number of people around the world encounter mobility issues, FMI estimates an increase in demand for walkers, canes, and crutches.
Demand for personal walking assistance is increasing. Walking aids currently are expected to account for 27% of the global market share, while mobility scooters are likely to account for 17% of the global market share. They are not only less expensive than other personal mobility aids, but they are also designed to help shift bodyweight, so decreasing leg stress. Injuries and osteoporotic fractures are projected to increase the demand for walking and mobility aids. Demand for items in the personal mobility devices market varies from country to country.
A wheelchair is a prominent type of personal mobility aid. Some of the factors boosting the market growth are a rising trend in wheelchair-mounting equipment, such as the advent of electric wheelchairs and wheelchairs that can preserve a medical history of the disability, make emergency calls during disasters, and monitor human health.
The market is being driven by the increased adoption of wheelchairs with enhanced features because of the expanding number of patients. At present, wheelchairs and medical beds account for 23% and 21% of the global market share. Manufacturers predict the market to rise due to the growing number of product releases. Other mobility devices are likely to hold 19% of the global market share.
The competitive landscape of personal mobility devices is vibrant and dynamic, fueled by technological advancements and evolving consumer preferences. Players are engaged in a relentless pursuit of innovation, striving to create sleek, user-friendly, and versatile devices. Customization options cater to diverse needs, while eco-friendly materials address sustainability concerns.
The convergence of mobility and cutting-edge technologies reshapes the market, with AI and IoT integration enhancing safety and connectivity. As the aging population increases, the market witnesses an upsurge in demand for inclusive designs and medical-grade devices. This landscape is defined by fierce competition, pushing boundaries to redefine personal mobility and enrich lives globally.
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| Report Attribute | Details |
|---|---|
| Market Value in 2023 | USD 12.71 billion |
| Market Value in 2033 | USD 30 billion |
| Growth Rate | CAGR of 9% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD billion and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Product, End-User, Sales Channel, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East & Africa |
| Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
| Key Companies Profiled | Sunrise Medical LLC; GF Health Products Inc; Stryker Corporation; Hill-Rom Holdings Inc.; Invacare Corporation; Ottobock Holding GmbH & Co. KG; Klaxon Mobility GmbH; Drive Medical GmbH & Co. KG |
| Customization & Pricing | Available upon Request |
The Personal Mobility Devices Market is valued at USD 12.71 billion in 2023.
The Personal Mobility Devices Market is projected to attain a value of USD 30 billion by 2033.
Sales of facial oil are anticipated to surge at a robust 9% CAGR through 2033.
China stands out as a prominent player in the Personal Mobility Devices Market, accounting for 25% market share in 2023.
The prominent segment in the Personal Mobility Devices Market by product type is electric scooters.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. Walking Aids 5.2. Mobility Scooters 5.3. Medical Beds 5.4. Wheelchairs 5.5. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 6.1. Hospitals & Clinics 6.2. Long-term Care Centres 6.3. Households 6.4. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 7.1. Wholesalers/Distributors 7.2. Online Retailers 7.3. Multi-brand Stores 7.4. Specialty Stores 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Sunrise Medical LLC 18.2. GF Health Products Inc 18.3. Stryker Corporation 18.4. Hill-Rom Holdings Inc. 18.5. Invacare Corporation 18.6. Ottobock Holding GmbH & Co. KG 18.7. Klaxon Mobility GmbH 18.8. Drive Medical GmbH & Co. KG 18.9. Erovema Mobility AB 18.10. TOPRO Ltd. 18.11. Briggs Medical Service Company 19. Assumptions & Acronyms Used 20. Research Methodology
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Personal Mobility Devices Market
