The personal mobility devices market is valued at USD 12.71 billion in 2023 and is forecasted to grow to USD 30 billion by 2033. This market is anticipated to expand at a Compound Annual Growth Rate (CAGR) of 9% from 2023 to 2033.
As urban environments evolve, the market scope expands beyond traditional scooters and wheelchairs. The emergence of micro-mobility solutions, like compact electric skateboards and intelligent walking aids, meets the demand for agile and effective transportation options customized to individual requirements.
Moreover, the fusion of mobility and artificial intelligence propels technological progress. AI-integrated devices offer predictive analytics for improved safety, real-time route optimization, and personalized mobility experiences.
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This tech synergy transforms how users interact with their environment, fostering seamless and dynamic mobility. Amid growing environmental consciousness, sustainable practices take center stage. Manufacturers are investing in eco-friendly materials, recyclability, and extended battery life, aligning with the global push for green transportation solutions. a surge in an aging population drives demand for assistive mobility devices that enhance accessibility, comfort, and autonomy, amplifying market potential.
Intriguingly, the subscription-based model gains traction, allowing users to access premium devices without the financial commitment of ownership. As this trend gains momentum, it reshapes consumer behavior and market dynamics. In essence, the personal mobility devices market’s horizon is illuminated by the interplay of AI, sustainability, demographic shifts, and novel business models. These underexplored avenues hold the promise of reshaping urban mobility, fostering independence, and enriching lives in ways previously unimagined.
Key Takeaways from the Personal Mobility Devices Market:
- The personal mobility devices market is led by the United States, projecting an 8.9% CAGR until 2033.
- China is at the forefront, anticipating 8.8% CAGR growth in protective clothing by 2033.
- The United Kingdom is poised for an 8.7% CAGR by 2033.
- The walking aids segment is set to dominate with a 27% global personal mobility devices market share in 2023.
- FMI predicts the households segment to grow at a remarkable 9.3% CAGR through 2033.
“The analyst highlights the personal mobility devices market’s exponential growth, driven by innovative technology, evolving demographics, and a surge in demand for accessible and eco-friendly urban transportation solutions,” says the analyst at FMI.
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How Key Players are Revolutionizing the Personal Mobility Devices Market?
Key players are orchestrating a transformative shift in the personal mobility devices market. Innovations like smart electric scooters, foldable e-bikes, and AI-enhanced wheelchairs are reshaping urban commuting and accessibility. Industry giants invest heavily in sustainable materials, extended battery life, and seamless connectivity, ensuring eco-friendly and efficient solutions.
Customization takes center stage with adjustable features, catering to diverse user needs. Collaborations with tech companies and integration of IoT propel personal mobility devices into the digital age, offering real-time data and navigation. As key players redefine convenience, safety, and inclusivity, they pioneer a new era of mobility that empowers individuals globally.
Key Companies:
- Sunrise Medical LLC
- GF Health Products Inc
- Stryker Corporation
- Hill-Rom Holdings Inc.
- Invacare Corporation
- Ottobock Holding GmbH & Co. KG
- Klaxon Mobility GmbH
- Drive Medical GmbH & Co. KG
Product Portfolio
- Sunrise Medical LLC offers a versatile range of mobility aids, from manual and power wheelchairs to adaptive seating systems. With a focus on ergonomic design and cutting-edge technology, their products enhance mobility and independence for individuals with diverse needs.
- GF Health Products Inc specializes in medical equipment, supplying hospital beds, patient lifts, and mobility aids. Their comprehensive portfolio encompasses reliable solutions that prioritize patient comfort, safety, and efficient healthcare delivery.
- Stryker Corporation stands as a leading name in medical technology, delivering innovative hospital beds, surgical equipment, and patient handling solutions. Their advanced product lineup redefines healthcare standards, fostering better patient outcomes and streamlining medical procedures.
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More Insights Available
Future Market Insights offers an unbiased analysis of the personal mobility devices market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the personal mobility devices market, the report is segmented on the basis of by Product (Walking Aids, Mobility Scooters, Medical Beds, Wheelchairs and Others), End User (Hospitals & Clinics, Long-term Care Centers, Households and Others), Sales Channel (Wholesalers/Distributors, Online Retailers, Multi-brand Stores, and Specialty Stores), across 7 major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East & Africa).
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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