Elderly Mobility Vehicle Market Analysis

The market is segmented by type into 3-wheel, 4-wheel, heavy duty, and outdoor terrain, out of which, the 4-wheel segment is anticipated to hold the largest share in the global elderly mobility vehicle market. This can be accounted to the fact that these vehicles provide improved traction in dangerous driving conditions such as rocks snow and ice. Apart from this, additional weight of 4-wheel mobility automobiles also contributes to better grip on the road, which is also predicted to impel the growth of the market segment in the coming years. Additionally, on the basis of application, the residential segment is assessed to grab the largest share during the forecast period owing to the increasing economic growth and high geriatric population in several developing nations, namely Singapore and China.

Our in-depth analysis of the global elderly mobility vehicle market includes the following segments