SWOT Analysis

Strengths: Lightweight yet robust built; Includes useful features like removable batteries, foldable structures, storage compartments.
Weaknesses: High cost compared to basic models; Requires periodic servicing and repairs.
Opportunities: Growing demand for active ageing-specific products; Integration of smart technologies for enhanced convenience and safety.
Threats: Increased availability of substitutes like electric wheelchairs; Stringent regulations specific to medical devices.

Key Takeaways

Market size: The Global Travel Mobility Scooter Market Growth is expected to witness high, exhibiting CAGR of 6.44% over the forecast period of 2023-2023, due to increasing active aging population worldwide and availability of high-performance durable models.

Regional analysis: North America dominates the global travel mobility scooter market currently. However, Asia Pacific is expected to emerge as the fastest growing regional market in the coming years, led by rapid urbanization, rising health awareness and disposable incomes in developing countries like China and India.

Key players: Key players operating in the travel mobility scooter market 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.

Read More -  https://articleblock.com/automotive/travel-mobility-scooter-market-speeding-into-high-gear-mobility/