According to United Nation’s estimates, over 2 Bn of the global population will be over aged 60 years by the year 2050. Of this, around 20% or nearly 1.2 Bn will be over 80 years of age. These statistics are indicative of the market potential of geriatric support products such as electric scooter lifts and carriers. With the betterment of global human development index, elderly care as a proportion of household budgets has been increasing, consequently suggestive of the market of several products that support growing age.
As per a new report published by Fact.MR, the global electric scooter lift and carrier market is anticipated to exceed a valuation of US$ 152 Mn by 2021, and is expected to expand at a CAGR of around 5% over the forecast period of 2021 to 2031.
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Key Takeaways from Market Study
- In 2020, North America and Europe together accounted for over 60% revenue of the global electric scooter lift and carrier market.
- The market in both, East and South Asia is estimated to grow over twofold from 2021 to 2031.
- Exterior lifts account for over 60% of market revenue.
- In 2020, the market generated around US$ 95 Mn revenue from individual consumers.
- During the forecast period, revenue through online sales is expected to increase at a CAGR of around 6%.
- The global market is moderately concentrated, where companies such as Bruno Independent Living Aids Inc, Ez Carrier, and Harmar Mobility, LLC account for a majority of the market share.
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Key Segments Covered
- Component
- Interior Electric Scooter Lifts and Carriers
- Platform Electric Scooter Lifts and Carriers
- Crane Style Electric Scooter Lifts and Carriers
- Exterior Electric Scooter Lifts and Carriers
- Outside & Hitch Mount Electric Scooter Lifts and Carriers
- Wheeled Electric Scooter Lifts and Carriers
- Interior Electric Scooter Lifts and Carriers
- End Use
- Electric Scooter Lifts and Carriers for Individuals
- Electric Scooter Lifts and Carriers for Healthcare Institutions
- Electric Scooter Lifts and Carriers for Old Age Homes
- Sales Channel
- Electric Scooter Lifts and Carriers Sold through Direct Sales
- Electric Scooter Lifts and Carriers Sold Online
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)
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