Personal Mobility Devices Market Size

Personal Mobility Devices Market size was over USD 16.87 billion in 2024 and is likely to exceed USD 34.98 billion by the end of 2037, witnessing over 5.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of personal mobility devices is evaluated at USD 17.65 billion. The growth of the market can be attributed to the increasing road accidents and crashes worldwide, along with the increasing count of workplace and sports injuries. According to the World Health Organization (WHO), approximately 1.3 million lives are lost each year as a result of road traffic accidents. The number of non-fatal injuries is between 20 and 50 million, with many of them resulting in a disability. In addition, it was stated that more than 4,37,000 road accident cases were reported in 2019 in India. A rise in traffic accidents has resulted in a higher number of people with severe disabilities as a result. Thus, the demand for personal mobility devices is predicted to grow rapidly over the forecast period.

Designed for a single user, the personal mobility devices include one or more wheels and an electric motor, along with a stopping system controlled either by brakes, gears, or other controls, and can only travel at modest speeds. Moreover, rising disposable income, followed by the increased awareness of self-care, high spending on healthcare, initiatives by the government to expand healthcare access, as well as the development of advanced innovative products are anticipated to expand global personal mobility devices market size during the forecast period. For instance, in January 2022, Falcon Mobility Pte. Ltd. launched its 2nd-generation Ultra-Lite 2 electric wheelchair, which provides lightweight mobility and is simple to operate.