South Korea Personal Mobility Devices Market Size & Outlook
South Korea personal mobility devices market, 2018-2030 (US$M)
Related Markets
South Korea personal mobility devices market highlights
- The South Korea personal mobility devices market generated a revenue of USD 245.4 million in 2023 and is expected to reach USD 422.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, wheelchairs was the largest revenue generating product in 2023.
- Wheelchairs is the most lucrative product segment registering the fastest growth during the forecast period.
Personal mobility devices market data book summary
| Market revenue in 2023 | USD 245.4 million |
| Market revenue in 2030 | USD 422.4 million |
| Growth rate | 8.1% (CAGR from 2023 to 2030) |
| Largest segment | Wheelchairs |
| Fastest growing segment | Wheelchairs |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Scooters, Wheelchairs, Walking Aids |
| Key market players worldwide | Drive DeVilbiss Healthcare France, Graham Holdings Co, Graham - Field Health Products, Invacare, Carex Health Brands, Briggs Healthcare Corp., Medline Industries, Performance Health |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.2% of the global personal mobility devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China personal mobility devices market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 751.5 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Personal Mobility Devices Market Scope
Personal Mobility Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea 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 48.49% in 2023. Horizon Databook has segmented the South Korea personal mobility devices market based on scooters, wheelchairs, walking aids covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea accounts for 9.4% of Asia Pacific personal mobility devices market. Growing geriatric population in the country is attributable for the market growth. For instance, according to the world bank, 15.1% of the population of South Korea was aged 65 or above in 2019.
Rising number of people with disability across the country is also boosting the demand. For instance, according to the 2016 National Disability Survey, there were 2,683,400 disabled people in the country. Also, rising cases of accidental injuries can be attributed for the market growth in South Korea.
Reasons to subscribe to South Korea personal mobility devices market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Korea personal mobility devices market databook
-
Our clientele includes a mix of personal mobility devices market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea personal mobility devices market , including forecasts for subscribers. This country databook contains high-level insights into South Korea personal mobility devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea personal mobility devices market size, by product, 2018-2030 (US$M)
South Korea Personal Mobility Devices Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
