Travel Mobility Scooter MarketSize and Trends

Travel Mobility Scooter Market: Regional Insights

On the basis of region, the global travel mobility scooter market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is the largest market in terms of revenue for travel mobility scooter in 2017, owing to increasing health issues such as disabilities, musculoskeletal diseases, arthritis, and rheumatic diseases, and increasing geriatric population. For instance, according to a 2017 report by the Arthritis Foundation, between 2013 and 2015, around 54.4 million adults in the U.S. (22.7% of all adults) were diagnosed with arthritis. Furthermore, the Arthritis Foundation had estimated this count is expected to increase to around 78.4 million adults (25.9 % of all adults) by 2040. Moreover, the number of disabilities in people in the region has also increased over the years. According to the 2017 report by the National Institute on Disability, the percentage of civilian population with disability increased from 11.9% in 2010 to 12.8% in 2016. Furthermore, rising geriatric population in North America is expected to aid in growth of the market. For instance, according to the 2017 census report released on March 27, 2017, on July 1, 2015, the number of North America people in the age group of 65 years and above was 47.8 million (14.9 per cent of total population), accounting an increase of 1.6 million from 2014. As per the census report, it was estimated that the count of people in the age group of 65 and above will reach 98.2 million by 2060. These factors will fuel growth of the travel mobility scooter market in North America over the forecast period.

Asia Pacific is expected to exhibit high growth in the global travel mobility scooter market, owing to increasing population of senior citizens. For instance, according to July 7, 2017 review report by the United Nation, Asia Pacific region displayed a rapid demographic aging. The review highlighted the fact that in 2017, the number of citizens aged 60 years and above in the region was around 576 million and is expected to increase to around 872 million by 2030 and around 1.3 billion by 2050.