About the Report
The global electric scooter lift and carrier market is expected to expand at a CAGR of around 5% over the forecast period of 2021 to 2031. Mobility is an important factor for general well-being, including mental wellness for patients who are perennially ill or are geriatric.
Electric scooters have come up as a solution to mobility requirements, though they are not self-sufficient when the user has to travel long distances and is expected to carry the scooter on another vehicle. Electric scooter lifts and carriers have been coupling well with electric scooters for providing thorough mobility to users. Consequently, it has led to significant growth in demand for these solutions.
Foremost objective of the report by Fact.MR on the market for electric scooter lifts and carriers is to pitch insights on the purchase growth scenario, demand generators, and development strategies in this space. The report provides a taxonomy elaborating on key segments.
The report also outlines visionary insights on the market dynamics, including the drivers, restraints, opportunities, trends, and pricing analysis, along with key success factors. Demand trends have been tracked in 20+ high-growth countries, pointing towards the U.S., Germany, U.K., France, China, and Japan holding bulk of the market share.
Historical Trends Vs Future Market Projections
Historically, from 2016 to 2020, use of electric scooter lifts and carriers increased at around 4% CAGR, and key factors assisting this growth were surge in geriatric population as well as growing availability of solutions for geriatric and disabled individuals across developed and developing regions.
The market is forecasted to expand at a CAGR of around 5% over the coming 10 years. People’s growing interest towards elderly care has given rise to the concept of geriatric tourism, which has encouraged a significant number of tour operators towards this concept.
Some of the key senior travel and tour companies around the globe include Backroads, Senior Discovery Tours, Viking River Cruises, Trafalgar, ElderTreks, CIE Tours, SeniorTours, GeoEx, among others. With the growth of these businesses, disability assistance products such as electric scooter lifts and carriers have also garnered traction in recent years. Their demand is further expected to increase over the coming years as the geriatric support economy swells.
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What are the Key Opportunities for Electric Scooter Lift and Carrier Manufacturers?
While the market for electric scooter lifts and carriers has already gained traction, it is the right time to improve basic functionalities and integrate additional features to make the product more attractive. While improvements in the hydraulics of these lifts can bring effective results in the mid-term, making these lifts interoperable with most cars will make it beneficial for households with more than one car. Alongside, an assurance of robust aftersales service can also potentially lead to increased revenue for market players.
Which Region Offers Larger Opportunity for the Sales of Electric Scooter Lifts and Carriers?
North America holds more than 40% share of the global market. While regional demand is being driven by surge in the geriatric population, increasing demand from healthcare facilities and old age homes has also contributed towards the growth of this regional market.
An Adaptive Approach to Modern-day Research Needs
What Makes Japan a Lucrative Market for Electric Scooter Lifts and Carriers?
Japan accounted for over 7% of the global market in share in 2020. Around 28% of the total population in Japan is over 65 years or above. Coupled with this, Japan’s well-established healthcare infrastructure and considerable proportion of household budget being allocated towards elderly care makes it a great market for the sales of electric scooter lifts and carriers.
Why are Sales of Electric Scooter Lifts and Carriers Soaring across the U.S.?
With around US$ 22 Mn, the U.S. is expected to account for around 24% of the global absolute dollar opportunity during 2021- 2031. Apart from the geriatric and disabled population, electric scooter lifts and carriers are also being purchased by the obese population in the U.S. who need support in their mobility. Companies such as Bruno Independent Living Aids, Inc., Ez Carrier LLC, Ford Smart Mobility, LLC, Harmar Mobility, LLC, and Magneta Trailers, Inc. have been rigorously promoting their products through the downstream supply chain.
Why type of electric scooter lift and carrier holds majority share in revenue?
Exterior lifts account for over 60% share of the overall market. For small hatchbacks as well as sedans, electric scooter lifts and carriers are required to be hitch mounted on the rear. This makes exterior lifts suitable for most cars.
Which end user is expected to account for the highest sales of electric scooter lifts and carriers?
Individual consumers account for over 60% demand for electric scoter lifts and carriers. Revenue through old age homes is expected to account for higher growth.
How Has COVID-19 Impacted the Sales of Electric Scooter Lifts and Carriers?
With halt in travel and tourism, and mobility as a whole, COVID-19 negatively impacted the sales of electric scooter lifts and carriers. The year 2020 marked around 6% loss in revenue of electric scooter lifts and carriers when compared to the previous estimation. However, the market in 2021 is expected to improve with anticipated recovery from the pandemic.
An Adaptive Approach to Modern-day Research Needs
Key players manufacturing electric scooter lifts and carriers that have been discussed in the report are resorting to mergers and acquisitions as well as strengthening their service networks. Some of the key developments are:
- In December 2018, Harmar LLC acquired Pride Mobility’s lifts and ramps product line. This acquisition boosted Harmar’s electric scooter lift portfolio as well as enhanced its R&D capabilities.
- In October 2018, Harmar introduced the LiftSquad Installation Support Network to its service portfolio. LifeSquad has the capability of supporting nearly 1,000 customers for installation, every month.
Similarly, recent developments related to companies manufacturing electric scooter lifts and carriers have been tracked by the team at Fact.MR, which is available in the full report.
Historical Data Available for
US$ Mn for Value
Key Regions Covered
Key Countries Covered
Key Segments Covered
Key Companies Profiled
Available upon Request
Electric Scooter Lift and Carrier Market Segmentation
- Interior Electric Scooter Lifts and Carrier
- Platform Electric Scooter Lifts and Carriers
- Crane Style Electric Scooter Lifts and Carriers
- Exterior Electric Scooter Lifts and Carriers
- Outside & Hitch Mount Electric Scooter Lifts and Carriers
- Wheeled Electric Scooter Lifts and Carriers
- Interior Electric Scooter Lifts and Carrier
By End Use
- Electric Scooter Lifts and Carriers for Individuals
- Electric Scooter Lifts and Carriers for Healthcare Institutions
- Electric Scooter Lifts and Carriers for Old Age Homes
By Sales Channel
- Electric Scooter Lifts and Carriers Sold through Direct Sales
- Electric Scooter Lifts and Carriers Sold Online
- North America
- Latin America
- East Asia
- South Asia
Electric Scooter Lift and Carrier Market- Scope of Report
A recent study by Fact.MR on the electric scooter lift and carrier market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the development of electric scooter lifts and carriers.
The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, cost structure analysis, and supply chain analysis across regional markets has been covered in the report.
A list of prominent companies manufacturing electric scooter lifts and carriers, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of electric scooter lifts and carriers across the globe.
A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of electric scooter lifts and carriers during the forecast period.
Analysis on Market Size Evaluation
The market has been analyzed for each market segment in terms of volume (units) and value (US$ Mn). Market estimates at global and regional levels for electric scooter lifts and carriers are available in terms of “US$ Mn”. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report.
Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a solution provider can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global electric scooter lift and carrier market.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include Porter’s five forces analysis and PESTLE analysis (political, economic, social, technology, legal and environment outlook), which are expected to have a momentous influence on the growth of the electric scooter lift and carrier market during the forecast period.
Country-specific valuation on demand for electric scooter lifts and carriers has been offered for each regional market, along with market scope estimates and forecasts, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value for emerging countries has also been included in the report.
In-depth Analysis on Competitive Landscape
The report sheds light on leading manufacturers of electric scooter lifts and carriers, along with their detailed profiles.
Essential and up-to-date data related to market performers who are principally engaged in the manufacturing of electric scooter lifts and carriers has been brought with the help of a detailed dashboard view.
Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
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Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
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