The travel mobility scooter market is estimated to be valued at US$822.4 Mn in 2023 and is expected to exhibit a CAGR of 8.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
The travel mobility scooter is a mobility aid for people with arthritis, hip or joint replacement, amputations, back conditions and mobility issues. Travel mobility scooters are lightweight, portable and allows users to travel longer distances both indoors and outdoors with ease. It is also used by elderly population as an alternative to wheelchairs for outdoor mobility.

Market Dynamics:
Rising geriatric population and prevalence of mobility impairing conditions are a key driver for growth of travel mobility scooter market According to UN reports, the global population aged 60 years and above is expected to reach 2.1 billion by 2050 from 1 billion in 2019. This rapidly ageing population is more prone to developing mobility impairing conditions like arthritis that increases demand for travel mobility scooters. Secondly, increasing focus of manufacturers on developing innovative and compact folding designs is making travel mobility scooters more portable and accessible for outdoor use. This is further expanding adoption of travel mobility scooters among ageing population for activities like travelling, sightseeing and shopping.

SWOT Analysis
Strength: Travel mobility scooters provide independent and convenient mobility for elderly and disabled users who have difficulties walking long distances. They are compact, lightweight and portable which makes them easy to transport and store. Most models offer features like large wheels, suspensions and ample seating which provide comfortable riding experience on varied surfaces.

Weakness: Travel mobility scooters have limitations in terms of speed and terrain which can be challenging on long distance travel. The battery capacities are usually low requiring frequent recharges which is inconvenient during outdoor use. High acquisition costs of capable models is also a limiting factor.

Opportunity: Rapid growth of medical tourism and barrier-free infrastructure development in cities and public places is fueling the demand for travel mobility scooters. With rising health awareness, more users are adopting them for recreation and leisure activities beyond basic mobility needs.

Threats: Strong competition from other personal transport devices like electric wheelchairs and walkers limits the market potential. Stringent safety and quality regulations pose compliance challenges for manufacturers. Dependence on lithium-ion batteries exposes the industry to supply chain disruptions and rising commodity costs.

Key Takeaways

The global travel mobility scooter market is expected to witness high growth, exhibiting CAGR of 8.8% over the forecast period, due to increasing health awareness and preference for independent mobility solutions among seniors and individuals with disabilities.

The North America dominated the global market in 2023, accounting for nearly 38% share due to supportive reimbursement policies and availability of innovative products in the region. Asia Pacific is poised to be the fastest growing market, growing at a CAGR of 12.1% during the forecast period driven by rising medical tourism, increasing healthcare expenditure and rapid urbanization in countries like China and India.

Key players operating in the travel mobility scooter are Merits Health Products, Pride Mobility Products, Afikim Electric Vehicles, Invacare, Sunrise Medical, Roma Medical, Drive Medical, Golden Technologies, Hoveround Corp, Quingo, TGA Mobility, Electric Mobility, Van Os Medical, Kymco, Amigo Mobility, and Vermeiren. They are focusing on new product launches with advanced features and collaborating with retailers to expand availability across different geographies.