Global Personal Mobility Devices Market Size & Outlook
Global personal mobility devices market, 2018-2030 (US$M)
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Global personal mobility devices market highlights
- The global personal mobility devices market generated a revenue of USD 11,315.9 million in 2023 and is expected to reach USD 17,973.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.8% by 2030.
- In terms of segment, wheelchairs accounted for a revenue of USD 5,166.3 million in 2023.
- Wheelchairs is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Denmark is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 11,315.9 million |
| Market revenue in 2030 | USD 17,973.2 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Wheelchairs |
| Fastest growing segment | Wheelchairs |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Scooters, Wheelchairs, Walking Aids |
Other key industry trends
- In terms of revenue, the North America accounted for 35.5% of the global personal mobility devices market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Denmark is the fastest growing regional market and is projected to reach USD 42.8 million by 2030.
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Personal Mobility Devices Market Scope
Personal Mobility Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global personal mobility devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to personal mobility devices market will help companies and investors design strategic landscapes.
Wheelchairs was the largest segment with a revenue share of 45.66% in 2023. Horizon Databook has segmented the Global personal mobility devices market based on scooters, wheelchairs, walking aids covering the revenue growth of each sub-segment from 2018 to 2030.
Prevalence of several arthritis conditions such as Rheumatoid Arthritis (RA) and osteoporosis is rapidly increasing. RA causes severe debilitating morbidity and affects as many as 2% of the overall population worldwide. According to the Arthritis Foundation, 323,649 hospitalizations for treatment of rheumatoid arthritis were reported between 1993 and 2011 in the U.S. According to WHO, 18.0% women and 9.6% men over 60 years of age worldwide have symptomatic osteoarthritis.
Around 80% of this population suffer from restricted mobility. These conditions cause difficulty in movement and severe pain. Walking aids are used to help patients with daily activities and compensate for physical limitations. Increasing prevalence of arthritis is anticipated to boost the demand for personal mobility devices.
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Our clientele includes a mix of personal mobility devices market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global personal mobility devices market , including forecasts for subscribers. This global databook contains high-level insights into Global personal mobility devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global personal mobility devices market size, by regions, 2018-2030 (US$M)
Top 10 countries: Personal mobility devices market size, 2023 (US$M)
Global personal mobility devices market share, by product, 2023 & 2030 (%, US$M)
Personal mobility devices market: Opportunity assessment by country
Global personal mobility devices market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 3,295.5 | 3,514.1 | 3,354.7 | 3,532.5 | 3,760.6 | 4,021.9 | 4,302.7 | 4,601.4 | 4,919.1 | 5,256.4 | 5,614.6 | 5,994.9 | 6,398.5 | 6.9% |
| Europe | 2,933.5 | 3,112.1 | 2,955.8 | 3,096.5 | 3,279.5 | 3,489.5 | 3,714.1 | 3,951.7 | 4,202.9 | 4,468.2 | 4,748.3 | 5,044.0 | 5,356.0 | 6.3% |
| Asia Pacific | 1,810.2 | 1,953.7 | 1,887.7 | 2,011.9 | 2,167.7 | 2,346.5 | 2,540.8 | 2,750.2 | 2,975.7 | 3,218.4 | 3,479.4 | 3,760.1 | 4,062.0 | 8.2% |
| Latin America | 714.8 | 756.9 | 717.5 | 750.3 | 793.2 | 842.4 | 894.9 | 950.4 | 1,008.9 | 1,070.6 | 1,135.6 | 1,204.0 | 1,276.1 | 6.1% |
| MEA | 529.1 | 559.8 | 529.8 | 552.6 | 582.2 | 615.7 | 650.7 | 686.9 | 724.0 | 762.1 | 801.0 | 840.6 | 880.7 | 5.3% |
| Overall | 9,283.2 | 9,896.5 | 9,445.5 | 9,943.7 | 10,583.2 | 11,315.9 | 12,103.3 | 12,940.5 | 13,830.5 | 14,775.6 | 15,778.9 | 16,843.5 | 17,973.2 | 6.8% |
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