Mobility Aids And Transportation Equipment Market Trends 2025-2034: Growth, Strategic Insights, and Opportunities Ahead
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Industry-Specific Factors Are Fueling the Growth of theMobility Aids And Transportation Equipment Market?
A large aging population is expected to drive the mobility aids and transportation equipment market. Elderly populations are more prone to age-related diseases, which impact mobility. According to the WHO, the global geriatric population is projected to double by 2050, thereby boosting the demand for mobility aids and transportation equipment.
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How Has the Mobility Aids And Transportation Equipment Market Evolved in Recent Years, and What are the Growth Projections for the Forecast Period?
The mobility aids and transportation equipment market size has seen strong growth in recent years. It will grow from $2.76 billion in 2024 to $2.99 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to an aging population, medical conditions and disabilities, rehabilitation and healthcare services, and legislation and accessibility initiatives.
The mobility aids and transportation equipment market is set to grow significantly in the coming years. By 2029, it is projected to reach $3.95 billion at a CAGR of 7.2%. Factors contributing to this growth include the demand for personalized mobility solutions, advancements in materials and design, telehealth, remote consultations, and aging-in-place solutions. Major trends during the forecast period will include smart mobility aids, innovative transportation solutions, eco-friendly aids, and robot-assisted mobility.
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How Are Market Trends and Innovations Revolutionizing theMobility Aids And Transportation Equipment Industry in Recent Times?
Japanese automakers have introduced a single-seat self-driving car designed to assist people who struggle with walking or using public transport. This self-driving vehicle is smartphone- or tablet-enabled, allowing users to pick a destination on a map, with the car’s pathfinding system handling the rest. It is equipped with a navigation system, gyro sensors for stability on uneven surfaces, 2D and 3D laser sensors to measure distances, and stereo cameras to detect obstacles. The car is built to navigate through city streets, pavements, and footpaths, with sensors and guidance systems helping it avoid bumps, potholes, and pedestrians.
Which Companies Are Leading the Charge in Expanding theMobility Aids And Transportation Equipment Market Growth?
Major companies operating in the mobility aids and transportation equipment market include Medline Industries, Hoveround Corporation, Sunrise Medical LLC, OttoBock Healthcare GmbH, Stryker Corporation, GF Health Products Inc., Invacare Corporation, LEVO AG, Permobil AB, Hill-Rom Holdings Inc., Merivaara Corporation, UpLyft, Mobius Mobility, SitnStand, Authority Medical Group, Ease Seating Systems, Matia Mobility, National Seating & Mobility, Pride Mobility Products Corp., Drive Medical Design & Manufacturing, Quantum Rehab, 21st Century Scientific Inc., Ki Mobility, Colours Wheelchair, Motion Composites, Karman Healthcare, Merits Health Products Co. Ltd., Nova Medical Products, Active Mobility Systems, Convaid Products LLC, R82 Inc.
How is the Global Mobility Aids And Transportation Equipment Market Segemented?
The mobility aids and transportation equipment market covered in this report is segmented –
1) By Type: Electrically Powered Wheelchairs, Manual Wheelchairs, Walking Aids, Mobility Scooters, Stretchers, Stair Lifts
2) By Age Group: Mobility Aids for Children, Mobility Aids for Elderly
3) By End User: Hospital, Clinic, Household
Subsegments:
1) By Electrically Powered Wheelchairs: Rear-wheel Drive, Front-wheel Drive, Mid-wheel Drive, Standing Wheelchairs
2) By Manual Wheelchairs: Standard Manual Wheelchairs, Lightweight Manual Wheelchairs, Folding Manual Wheelchairs, Rigid Manual Wheelchairs
3) By Walking Aids: Crutches, Canes, Walkers, Rollators
4) By Mobility Scooters: Three-wheeled Mobility Scooters, Four-wheeled Mobility Scooters, Heavy-duty Mobility Scooters
5) By Stretchers: Hydraulic Stretchers, Folding Stretchers, Emergency Stretchers, Bariatric Stretchers
6) By Stair Lifts: Straight Stair Lifts, Curved Stair Lifts, Outdoor Stair Lifts, Platform Lifts
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Which Geographics are Influencing the Growth of the Mobility Aids And Transportation Equipment Market?
Asia-Pacific was the largest region in global mobility aids and transportation equipment market in 2023. North America was the second-largest region in global mobility aids and transportation equipment market. The regions covered in the mobility aids and transportation equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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