A $1.9 Billion Global Opportunity for Mobility Scooters by 2026 - New Research from StrategyR

SAN FRANCISCO, Sept. 21, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Mobility Scooters - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 5; Released: April 2021
Executive Pool: 873
Companies: 16 - Players covered include Afikim Electric Vehicles; Amigo Mobility International Inc.; Drive Medical Design and Manufacturing; Electric Mobility; Golden Technologies Inc.; Hoveround Corp.; Invacare; Pride Mobility Products; Quingo; Sunrise Medical; Van Os Medical and Others.
Coverage: All major geographies and key segments
Segments: Wheel Types (4 Wheel, 3 Wheel, Other Wheel Types); End-Use (Personal, Institutional)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Mobility Scooters Market to Reach $1.9 Billion by 2026
Amid the COVID-19 crisis, the global market for Mobility Scooters estimated at US$1.4 Billion in the year 2020, is projected to reach a revised size of US$1.9 Billion by 2026, growing at a CAGR of 5.9% over the analysis period. 4 Wheel, one of the segments analyzed in the report, is projected to record a 5.6% CAGR and reach US$1.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the 3 Wheel segment is readjusted to a revised 6.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $430.5 Million in 2021, While China is Forecast to Reach $339.5 Million by 2026
The Mobility Scooters market in the U.S. is estimated at US$430.5 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$339.5 Million by the year 2026 trailing a CAGR of 5.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.5% and 4.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.