Data Bridge Market Research has recently released an all-encompassing study regarding the "Personal Mobility Vehicle Market" This research incorporates historical data, current market trends, future product landscapes, marketing approaches, technological advancements, upcoming innovations, emerging opportunities, and industry-specific progress. The research report for the "Personal Mobility Vehicle Market" presents vital insights into the market and its business panorama. It illuminates how the company is perceived by its intended audience and sought-after clients. This report is instrumental in grasping methods to engage with customers, outperform competitors, and strategize for the future. It assumes a significant role in the product and service development process, their introduction to the market, and their subsequent consumer-oriented promotion. For numerous enterprises, the "Personal Mobility Vehicle Market" report stands as a pivotal element in shaping marketing strategies, as it furnishes a reality-grounded basis for forecasting sales and gauging profitability.
 
The personal mobility vehicle market was valued at USD 12.36 billion in 2021 and is expected to reach USD 22.05 billion by 2029, registering a CAGR of 7.50% during the forecast period of 2022-2029.
 
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Market Definition:
 
Personal mobility vehicles aid in individual human transportation. These vehicles can be either powered or manual, and are commonly used by people with mobility impairments to assist in their movement. Examples of such devices encompass wheelchairs, canes, crutches, walkers, and rollators.
 
Some of the major players operating in the personal mobility vehicle market are
 
  • Polaris Inc. (US)
  • Textron Inc (US)
  • Deere & Company. (US)
  • The Toro Company. (US)
  • Ingersoll-Rand plc (Ireland)
  • Yamaha Motor Co., Ltd. (Japan)
  • KUBOTA Corporation. (Japan)
  • American Landmaster (US)
  • Columbia Vehicle Group Inc. (US)
  • AGT Electric Cars (Canada)
  • Bintelli Electric Vehicles. (US)
  • Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd (China)
  • SpeedwaysElectric (India)
  • Marshell Green Power (China)
  • Garia A/S (Denmark)
  • JH Global Services, Inc. (US)
  • HDK Co.,Ltd. (Japan)
  • Tropos Technologies Inc. (US)
 
Recent Developments
 
  • 1800Wheelchair launched a new wheelchair brand, 'Feather Chair,' in September’2020. The launched product is composed of the lightest mobility products for seniors.
  • Scottish designer Phoenix Instinct developed a lightweight wheelchair in December’2020. The wheelchair comes with a movable axle position that automatically adjusts the chair's center of gravity for preventing overbalancing.
 
Personal Mobility Vehicle Market Scope:
 
The personal mobility vehicle market is segmented on the basis of type, power output, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
 
Type
 
Personal mobility vehicle market on the basis of type has been segmented as gasoline, electric, and diesel.
 
Power Output
 
  • <8 KW
  • 8 –15 KW
  • >15 KW
Based on power output, personal mobility vehicle market has been segmented into <8 KW, 8 –15 KW, and >15 KW.
 
Application
 
  • Golf Courses
  • Airports
  • Hotels and Resorts
  • Industrial Facilities
  • Other
On the basis of application, personal mobility vehicle market has been segmented into golf courses, airports, hotels and resorts, industrial facilities and other. 
 
 
Personal Mobility Vehicle Market Regional Analysis/Insights
 
The personal mobility vehicle market is analyzed and market size insights and trends are provided by country, type, power output, and application.
 
The countries covered in the personal mobility vehicle market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
 
North America dominates the personal mobility vehicle market because of the prevalence of age-associated diseases and rise in geriatric population within the region.
 
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rise in disposable income levels and surge in awareness in the region.
 
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   
 
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