The rise in awareness about mobility scooters across the globe is likely to increase their demand. Favorable government policies are boosting the development of electric mobility scooters, which is expected to propel the mobility scooter market during the forecast period. Consequently, manufacturers are investing heavily in research and development to improve the charging time and range of these mobility scooters. The growing research and development on battery technology is likely to offer lucrative opportunity for the mobility scooter market.
The global Mobility Scooter Market is estimated to attain a valuation of US$ 2.33 Bn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 6.44% during the forecast period, 2021 to 2031.
Based on application, the global mobility scooter market has been segmented into in-house, outdoor, and off-road. The outdoor segment is likely to dominate the global market during the forecast period, owing to increase in geriatric population across the globe. The indoor segment also held a significant share of the global market, in terms of revenue, in 2020. The segment is projected to expand during the forecast period.
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Mobility Scooter Market: Industry Trends and Value Chain
The study on the Mobility Scooter Market presents a granular assessment of the macroeconomic and microeconomic factors that have shaped the industry dynamics. An in-depth focus on industry value chain help companies find out effective and pertinent trends that define customer value creation in the market. The analysis presents a data-driven and industry-validated frameworks for understanding the role of government regulations and financial and monetary policies. The analysts offer a deep-dive into the how these factors will shape the value delivery network for companies and firms operating in the market.
Mobility Scooter Market: Branding Strategies and Competitive Strategies
Some of the key questions scrutinized in the study are:
· What are some of the recent brand building activities of key players undertaken to create customer value in the Mobility Scooter Market?
· Which companies are expanding litany of products with the aim to diversify product portfolio?
· Which companies have drifted away from their core competencies and how have those impacted the strategic landscape of the Mobility Scooter Market?
· Which companies have expanded their horizons by engaging in long-term societal considerations?
· Which firms have bucked the pandemic trend and what frameworks they adopted to stay resilient?
· What are the marketing programs for some of the recent product launches?
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The list of key players operating in the Mobility Scooter Market includes following names:
- Afikim Electric Vehicles
- Amigo Mobility International Inc.
- Drive Medical Design and Manufacturing EV Rider LLC.
- Excel Mobility
- Golden Technologies Inc.
- Hoveround Corp.
- Invacare Corporation
- Medical Depot, Inc.
- Merits Co. Ltd.
- Pride Mobility Products
- Quingo
- Sunrise Medical
- WHILL, Inc.
Mobility Scooter Market: Assessment of Avenues and Revenue Potential in Key Geographies
Some of the key aspects that the study analyzes and sheds light are:
· Which regions are witnessing rise in investments in the supply chain networks?
· Which countries seems to have benefitted from recent import and export policies?
· Which regions have witnessed decline in consumer demand due to economic and political upheavals?
· Which are some the key geographies that are likely to emerge as lucrative markets?
· Which regions are expected to lose shares due to pricing pressures?
· Which regions leading players are expected to expand their footprints in the near future?
· What are some the sustainability trends impacting the logistics and supply chain dynamics in the Mobility Scooter Market?
· What are some of the demographic and economic environments that create new demand in developing economies?
· How are changing government regulations shaping business strategies and practices?
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