The scooter lifts market is projected to show steady growth during the forecast period.
Scooter lifts are devices used to transport mobility scooters or power wheelchairs. These lifts attach to vehicles including cars, trucks, and vans, allowing users to easily load and unload scooters or wheelchairs. They come in several types, including hitch-mounted lifts, interior lifts, and platform lifts. Such lifts offer convenience and independence. The growing disabled population, coupled with the high demand for mobility scooters among old people, are major driving forces contributing to the scooter lift market growth.
Market Drivers
Scooter lifts have emerged as an excellent solution for people with disabilities and senior citizens, significantly improving their mobility and independence. The population of deformed & disabled is increasing, which is attributable to biological, medical conditions, and accidental factors which has propelled the scooter lifts market growth. For instance, according to the World Health Organization estimate, 1.3 billion people have significant disabilities, which represents 16% of the world's population, or one in six individuals are physically disabled. Furthermore, as per UK Disability Statistics, in 2022, there were 16 million disabled people in the United Kingdom, 23% of working-age adults and 45% of adults over pension age. The aged population has also witnessed a significant rise. For instance, according to the World Health Organization, the proportion of the population aged 60 and over rose from 1 billion to 1.4 billion in 2020 and the number of people aged 80 and older is expected to triple between 2020 and 2050, reaching 426 million.
Mobility scooters have become crucial for older people due to the benefits of increasing their mobility and independence. These electric-powered vehicles are specifically designed to help people with mobility issues caused by aging or physical disabilities. The demand for mobility scooters among older adults has steadily increased as they provide a safe and comfortable mode of transportation, allowing seniors to move freely both indoors and outdoors. These factors increased the adoption of scooter lifts among older ages and disabled people which positively impacted the scooter lift market growth.
The advancement of cutting-edge scooter lift systems, such as automated lifting mechanisms, remote control operations, lightweight materials, and advanced folding capabilities have significantly enhanced the lift's usability and convenience. These innovations attracted new customers which increased the adoption of scooter lifts and propelled market growth. For instance, Burr Engineering offers Electric scooter lifts in different models which are strong, stable, and lightweight and can be used with a van, car, or truck. It features advanced safety straps to secure the scooter and the post folds down up to 45 degrees.
North America is expected to grow significantly
North America is anticipated to account for a significant share of the scooter lift market due to the increasing aging population in the region. For instance, according to the Population Reference Bureau, the number of Americans aged 65 and older is expected to rise from 58 million in 2022 to 82 million by 2050, an increase of 47%, with the 65-and-older age group accounting for 17% to 23% of the overall population in the United States. Additionally, according to Statistics Canada, in 2021, 2.3% of the population is aged 85 and above, and the population aged 85 and older is one of the fastest-growing age groups in Canada, up 12% from 2016.
Market Restraints
Scooter lifts can be quite expensive, particularly for the more advanced and featured models and the high cost of these lifts may be an obstacle for some potential customers. Additionally, these lifts require periodic maintenance and servicing to ensure proper operation, which may limit their adoption and hinder market growth.
Company Products
Segmentation