Personal Mobility Devices Market Size, Share, Report by 2033

The global personal mobility devices market size was calculated at USD 11.35 billion in 2023 and is predicted to reach around USD 21.95 billion by 2033, growing at a CAGR of 6.82% from 2024 to 2033.

Key Points

The North America personal mobility devices market size accounted for USD 4.09 billion in 2023 and is expected to attain around USD 8.01 billion by 2033, poised to grow at a CAGR of 6.95% between 2024 and 2033.
North America led the market with the biggest revenue share of 36% in 2023.
Asia Pacific is expected to expand at the fastest CAGR of 8.22% during the forecast period.
By product, the wheelchair segment held the largest revenue share of 47% in 2023.
By product, the scooter segment is expected to grow rapidly in the market during the forecast period.

Personal Mobility Devices Market Size 2024 to 2033

The Personal Mobility Devices Market encompasses a wide range of products designed to aid individuals with mobility impairments. These devices include wheelchairs, scooters, canes, crutches, walkers, and more advanced technologies such as powered exoskeletons. The market is driven by the increasing prevalence of disabilities and an aging population, which require enhanced mobility solutions to maintain independence and quality of life. Technological advancements and innovative product designs are continually shaping the landscape, making personal mobility devices more efficient, comfortable, and accessible.

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Growth Factors

Several key factors are contributing to the growth of the personal mobility devices market. Firstly, the global rise in the elderly population, who are more prone to mobility issues, is a significant driver. Additionally, increasing awareness and acceptance of mobility devices, along with improved healthcare infrastructure and supportive government policies, are facilitating market expansion. Advances in technology, such as lightweight materials and smart features, are also attracting more users. Moreover, rising incidences of accidents and chronic diseases that impair mobility are boosting the demand for these devices.

Region Insights

Geographically, the personal mobility devices market shows significant variation across regions. North America leads the market, driven by high healthcare expenditure, advanced medical infrastructure, and a large aging population. Europe follows closely, with strong government support and widespread adoption of mobility aids. The Asia-Pacific region is expected to witness the fastest growth due to increasing healthcare investments, a growing elderly population, and rising awareness about mobility solutions. Developing regions in Latin America and Africa are gradually catching up as healthcare systems improve and economic conditions stabilize.

Personal Mobility Devices Market Scope

Report Coverage	Details
Personal Mobility Devices Market Size in 2023	USD 11.35 Billion
Personal Mobility Devices Market Size in 2024	USD 12.12 Billion
Personal Mobility Devices Market Size by 2033	USD 21.95 Billion
Personal Mobility Devices Market Growth Rate	CAGR of 6.82% from 2024 to 2033
Largest Market	North America
Base Year	2023
Forecast Period	2024 to 2033
Regions Covered	North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Personal Mobility Devices Market Dynamics

Drivers

Key drivers for the personal mobility devices market include the increasing global prevalence of disabilities and chronic diseases such as arthritis, diabetes, and osteoporosis, which impair mobility. The aging population is another crucial driver, as older adults often require mobility aids to maintain their independence. Technological advancements, including the development of powered and smart mobility devices, are enhancing user experience and expanding the market. Furthermore, supportive government policies and programs aimed at improving accessibility and inclusion for disabled individuals are significantly driving market growth.

Opportunities

The personal mobility devices market offers several lucrative opportunities. Innovation in product design and functionality, such as lightweight, foldable, and user-friendly devices, is a major area of opportunity. The integration of smart technologies, including IoT and AI, into mobility devices can provide enhanced safety, tracking, and user customization features. Emerging markets, particularly in Asia-Pacific and Latin America, present significant growth potential due to increasing healthcare spending and rising awareness about mobility aids. Partnerships and collaborations between manufacturers, healthcare providers, and technology firms can further drive market expansion.

Challenges

Despite the promising growth, the personal mobility devices market faces several challenges. High costs associated with advanced mobility devices can limit accessibility for many potential users, particularly in developing regions. Reimbursement issues and stringent regulatory requirements can also hinder market growth. Additionally, the stigma associated with using mobility devices can deter some individuals from adopting these aids. Ensuring product durability, reliability, and ease of use while keeping costs manageable remains a critical challenge for manufacturers. Addressing these challenges requires continuous innovation, regulatory support, and efforts to raise awareness about the benefits of mobility devices.

Personal Mobility Devices Market Recent Developments

In April 2024, United Airlines, a Chicago-based airline, introduced a new digital tool on its website and app that helps users who use wheelchairs locate flights that best suit their individual mobility device’s specifications. The airline further declared that if a customer needs to pay extra for a flight that can accommodate their wheelchair, they may request a refund of the fare difference.
In July 2023, In the quickly expanding e-mobility sector, the Chinese electronics giant Xiaomi has made a name for itself. Many of Xiaomi’s personal mobility products, like its electric scooters and bicycles, as well as its amusing vehicles like an electric go-kart and monowheel, are useful and entertaining for city inhabitants. In light of this, Xiaomi keeps adding to its already vast range of personal mobility gadgets. The company has introduced the Electric Scooter 4 Go, their newest scooter, in Europe.