Personal Mobility Devices Market Size (2024 – 2030)

The Global Personal Mobility Devices Market was valued at USD 18.6 billion in 2023 and is projected to reach a market size of USD 36.7 billion by the end of 2030. The market is anticipated to expand at a compound annual growth rate (CAGR) of 10.2% between 2024 and 2030.

The Global Personal Mobility Devices Market is experiencing significant growth, driven by an increasing aging population, rising awareness of mobility challenges, and advancements in technology. Personal mobility devices, which include wheelchairs, scooters, and walking aids, are designed to enhance the independence and quality of life of individuals with mobility impairments. As the global demographic shifts toward an older population, the demand for these devices is intensifying, particularly in developed regions where healthcare infrastructure is evolving to accommodate the needs of seniors. Additionally, the integration of smart technology in mobility devices, such as electric wheelchairs and connected mobility scooters, is transforming the market by offering improved functionality, convenience, and user experience. Innovations like lightweight materials, enhanced battery life, and customizable designs are making mobility devices more appealing to a broader audience. Furthermore, increased government initiatives and funding aimed at improving accessibility and supporting individuals with disabilities are further propelling market growth. As society continues to recognize the importance of mobility and independence, the Global Personal Mobility Devices Market is poised for substantial expansion, offering opportunities for manufacturers and service providers to innovate and cater to diverse consumer needs.

Key Market Insights:

• Approximately 15% of the global population lives with some form of mobility impairment.

• Wheelchairs are the largest segment, holding over 40% of the market share, due to their widespread use and constant innovations in design and technology.

• The electric mobility scooter segment accounts for over 30% of the market share.

• North America holds around 40% of the global market, driven by a high aging population.

• Asia-Pacific is projected to witness the fastest growth, with a CAGR of over 8% during the forecast period.

• Home healthcare settings contribute to nearly 25% of the market demand for personal mobility devices.

• More than 60% of wheelchair users report a desire for improved technology in their devices.

• The development of smart mobility devices, incorporating IoT and AI technologies, is expected to drive significant market growth, with adoption rates projected to increase by 25% by 2028.

• Government initiatives aimed at enhancing mobility accessibility have increased market growth by approximately 10% annually in recent years.

Global Personal Mobility Devices Market Drivers:

Growing Senior Demographics Drives the Market Globally.

One of the primary drivers of the Global Personal Mobility Devices Market is the increasing aging population worldwide. As life expectancy rises, more individuals are living into their senior years, often facing mobility challenges due to age-related conditions such as arthritis, osteoporosis, and neurological disorders. This demographic shift is leading to a growing demand for personal mobility devices, including wheelchairs, scooters, and walking aids, as seniors seek to maintain their independence and enhance their quality of life. Additionally, the rising prevalence of chronic diseases that impair mobility further exacerbates the need for assistive devices. Governments and healthcare providers are recognizing the importance of addressing these mobility issues, resulting in increased funding and support for accessibility initiatives. This trend not only drives the demand for personal mobility devices but also encourages innovation in product design, leading to the development of advanced technologies that cater to the specific needs of older adults. As the aging population continues to expand, the market for personal mobility devices is poised for significant growth, with manufacturers focusing on creating user-friendly, technologically advanced solutions to meet the evolving needs of seniors.

Innovations in Mobility Solutions Fueling the Market Growth.

Technological advancements play a crucial role in driving the growth of the Global Personal Mobility Devices Market. Innovations such as electric wheelchairs, smart mobility scooters, and advanced walking aids are transforming the landscape of personal mobility. These devices now come equipped with features such as GPS navigation, real-time monitoring, and connectivity options that enhance user experience and safety. For instance, electric mobility scooters with improved battery life and lightweight materials offer greater convenience and ease of use for individuals with mobility impairments. Furthermore, the integration of smart technology allows for personalized settings that cater to the specific needs of users, promoting greater independence and mobility. As manufacturers continue to invest in research and development, the introduction of more efficient and aesthetically pleasing designs is attracting a wider audience, including younger individuals who may require mobility assistance. The rise of telehealth and remote monitoring technologies also facilitates better care management for users, further driving market growth. As technological innovations continue to evolve, the personal mobility devices market is expected to expand significantly, offering enhanced solutions for individuals seeking independence and improved mobility.

Global Personal Mobility Devices Market Restraints and Challenges:

The Global Personal Mobility Devices Market faces several restraints and challenges that could hinder its growth. One significant challenge is the high cost of advanced mobility devices, which can limit access for many potential users, particularly in developing regions where healthcare budgets are constrained. Additionally, the complexity of some devices may discourage users, especially the elderly, who may find it difficult to adapt to new technologies. Another factor is the limited availability of trained professionals who can assist users in selecting and properly utilizing mobility devices, leading to underutilization of existing products. Regulatory hurdles can also pose challenges, as manufacturers must navigate complex compliance requirements related to safety and performance, which can delay product development and increase costs. Furthermore, competition from alternative mobility solutions, such as ride-sharing services and public transportation, may deter investment in personal mobility devices. Lastly, societal stigma surrounding the use of mobility aids can affect user acceptance and willingness to adopt these devices, potentially limiting market growth. Addressing these challenges will be crucial for manufacturers and stakeholders aiming to enhance accessibility and promote the adoption of personal mobility devices in various demographics.

Global Personal Mobility Devices Market Opportunities:

The Global Personal Mobility Devices Market presents several promising opportunities for growth and innovation. One of the most significant opportunities lies in the development of smart and connected mobility devices that integrate advanced technologies such as IoT and artificial intelligence. These innovations can enhance user experience by offering features like real-time tracking, remote monitoring, and personalized settings that cater to individual needs. Additionally, the increasing focus on sustainability is driving demand for eco-friendly mobility solutions, such as electric scooters and solar-powered wheelchairs, which can appeal to environmentally conscious consumers. The expansion of telehealth services also creates opportunities for integrating mobility devices with healthcare solutions, enabling better management of chronic conditions and facilitating remote consultations. Furthermore, emerging markets, particularly in Asia-Pacific and Africa, present untapped potential as urbanization and rising incomes lead to a greater need for personal mobility solutions. Collaborations between manufacturers and healthcare providers can further enhance accessibility and affordability, creating pathways for wider adoption. As awareness of the importance of mobility for quality of life continues to grow, the personal mobility devices market is poised for significant advancements, making it an exciting area for investment and innovation.

PERSONAL MOBILITY DEVICES MARKET REPORT COVERAGE:

Global Personal Mobility Devices Market Segmentation: By Range

• Short Range

• Medium Range

• Long Range

In 2023, based on market segmentation by Range, Short Range had the highest share of the Global Personal Mobility Devices Market. Short-range personal mobility devices (PMDs) have become increasingly popular in urban environments, primarily due to their suitability for commuting short distances in congested areas. These devices provide a convenient and efficient means of transport, helping users navigate through heavy traffic while avoiding the hassles associated with cars or public transport. Additionally, their lower price points and compact sizes make short-range PMDs more accessible to a broader range of consumers, appealing to students, professionals, and elderly individuals alike. Regulatory restrictions in many cities, which often limit the speed and range of PMDs, further support the dominance of short-range models in the market. These regulations are designed to ensure safety and facilitate the integration of PMDs into existing urban transport systems. While longer-range PMDs have gained traction for recreational purposes and longer commutes, short-range models continue to lead the market, primarily due to their practicality in urban commuting scenarios. As cities evolve and focus on enhancing mobility solutions, the demand for short-range PMDs is expected to grow, making them a key segment within the personal mobility devices landscape.

Global Personal Mobility Devices Market Segmentation: By End-User

• Commuters

• Recreational Users

• Delivery Services

In 2023, based on market segmentation by End-User, Commuters had the highest share of the Global Personal Mobility Devices Market. Urbanization and traffic congestion are driving a significant shift toward personal mobility devices (PMDs) as viable transportation alternatives. As cities become increasingly populated, commuters face the challenges of navigating congested roadways and limited public transit options. PMDs, such as electric scooters and bikes, offer an efficient solution, allowing users to bypass traffic jams and reach their destinations more quickly. This growing trend is particularly appealing to those looking for cost-effective options; PMDs typically require a lower initial investment and minimal operational costs compared to traditional vehicles like cars or motorcycles. Moreover, the flexibility provided by PMDs enhances their attractiveness, enabling users to maneuver easily through crowded streets and access areas that may be difficult for larger vehicles. With the ability to park conveniently and the growing infrastructure supporting PMDs, such as bike lanes and charging stations, they are becoming an integral part of urban commuting. As the demand for efficient, affordable, and flexible transportation solutions continues to rise, the popularity of PMDs is expected to expand, reshaping urban mobility and addressing the challenges of modern commuting.

Global Personal Mobility Devices Market Segmentation: By Distribution Channel

• Online Retailers

• Physical Stores

• Direct-to-Consumer

In 2023, based on market segmentation by Distribution Channel, Online Retailers had the highest share of the Global Personal Mobility Devices Market. The growth of e-commerce has transformed the retail landscape, significantly influencing the personal mobility devices (PMDs) market. Online retailers provide a convenient platform for consumers to purchase PMDs, catering to the increasing demand for accessibility and efficiency in shopping. One of the primary advantages of online retail is the vast variety of PMD options available, enabling consumers to easily compare different models, features, and prices from the comfort of their homes. This comparison capability empowers buyers to make informed decisions tailored to their specific needs. Additionally, online retailers often enjoy lower overhead costs, allowing them to offer more competitive pricing compared to physical stores. The convenience of home delivery further enhances the appeal of purchasing PMDs online, as customers can receive their devices without the hassle of visiting physical stores. While brick-and-mortar retailers still play a role in the PMD market, the shift toward online shopping has led to a significant increase in market share for e-commerce platforms. However, it is essential to recognize that market dynamics can fluctuate based on economic conditions, changing consumer preferences, and ongoing technological advancements, influencing the balance between online and offline sales channels.

Global Personal Mobility Devices Market Segmentation: By Region

• North America

• Europe

• Asia-Pacific

• South America

• Middle East and Africa

In 2023, based on market segmentation by Region, North America had the highest share of the Global Personal Mobility Devices Market. North America has emerged as a leader in the adoption of personal mobility devices (PMDs), particularly electric scooters and bikes, establishing a strong market presence characterized by early adoption and robust infrastructure. The region's urbanization has prompted cities to develop dedicated infrastructure, including bike lanes and charging stations, which has significantly encouraged the use of PMDs and contributed to market growth. Additionally, consumer awareness and acceptance of these devices have surged, with many individuals utilizing them for various purposes, such as commuting, recreation, and delivery services. The favorable regulatory environment across North America has further bolstered PMD adoption, as many jurisdictions have implemented supportive policies that not only promote safety but also encourage the integration of PMDs into the urban transport ecosystem. While other regions, including Asia-Pacific and Europe, are witnessing rapid growth in the PMD market, North America's pioneering efforts, well-developed infrastructure, and high levels of consumer acceptance have solidified its position as the leading region for personal mobility solutions. As these trends continue to evolve, North America is poised to maintain its dominance in the PMD market, setting benchmarks for other regions to follow.

COVID-19 Impact Analysis on the Global Personal Mobility Devices Market.

The COVID-19 pandemic significantly impacted the Global Personal Mobility Devices Market, leading to both challenges and opportunities. Initially, the market faced disruptions in production and supply chains due to lockdowns and restrictions, causing delays in the availability of essential mobility devices. Additionally, healthcare facilities were overwhelmed, leading to postponed medical appointments and rehabilitation services, which affected the demand for personal mobility solutions. However, the pandemic also heightened awareness of mobility issues, particularly among the aging population, as many individuals faced increased isolation and mobility challenges during lockdowns. This led to a surge in interest for personal mobility devices as people sought solutions to maintain independence and enhance their quality of life. The rise in telehealth services during the pandemic also facilitated remote consultations, allowing healthcare providers to recommend mobility solutions more effectively. Furthermore, increased focus on hygiene and safety has prompted manufacturers to innovate by developing devices with antimicrobial materials and touchless features. As the world adapts to the post-pandemic landscape, the personal mobility devices market is expected to rebound and evolve, with opportunities for growth driven by technological advancements and a renewed emphasis on health and mobility.

Latest trends / Developments:

The Global Personal Mobility Devices Market is witnessing several noteworthy trends and developments that are shaping its future. One of the most significant trends is the integration of smart technology into mobility devices, such as electric wheelchairs and scooters equipped with features like GPS navigation, app connectivity, and real-time monitoring. These advancements enhance user experience and promote greater independence. Additionally, there is a growing emphasis on eco-friendly solutions, with manufacturers developing lightweight and energy-efficient devices that utilize sustainable materials and technologies. This shift toward sustainability is driven by increasing consumer awareness and regulatory pressures to reduce environmental impact. Another notable trend is the rise of customizable mobility solutions, allowing users to personalize devices to better meet their individual needs and preferences. Moreover, the expansion of telehealth services is facilitating better management of mobility impairments, with remote consultations enabling healthcare professionals to

recommend suitable devices. Finally, the market is seeing increased collaboration between manufacturers, healthcare providers, and technology companies, fostering innovation and improving accessibility. As these trends continue to evolve, the personal mobility devices market is poised for significant growth, with enhanced offerings that cater to a diverse range of consumer needs.

Key Players:

1. nvacare Corporation

2. Sunrise Medical LLC

3. Permobil AB

4. Pride Mobility Products Corporation

5. Drive DeVilbiss Healthcare

6. Ottobock SE & Co. KGaA

7. Medline Industries, Inc.

8. Hoveround Corporation

9. Quantum Rehab

10. Karman Healthcare