December 08, 2021
According to the research report titled ‘Global Electric Scooter Lift & Carrier Market Size study, by Type (Interior and Exterior), and Regional Forecasts 2021-2027’, available with MarketStudyReport, global electric scooter lift & carrier market size is anticipated to expand at a steady growth rate during the forecast timeframe2021-2027.
Rising demand for electric scooters, as well as convenience of transport via two-wheelers are primarily driving worldwide electric scooter lift & carrier market growth.
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Furthermore, new product & service launches combined with technological advancements such as improved hydraulics are likely to generate lucrative demand. For instance, Harmar Mobility LLC introduced the lift squad installation support network to its service portfolio in October 2018.
In addition, government initiatives aimed at making electric scooters economical in order to encourage their adoption are anticipated to enhance the market outlook in the forthcoming years. Citing an instance, Hero Electric decreased the prices of its scooters in India by 12%-33% in 2021, as a result of increased incentives given by the government’s Faster Adoption and Manufacturing of Hybrid and Electric (FAME) vehicle scheme.
On the contrary, expensive product costs and lack of charging stations in developing nations may hamper the market growth in the coming years.
For the unversed, electric scooter lift & carrier is an equipment that allows physically challenged people to transport their wheelchairs or electric scooters while traveling long distances. This equipment can be installed outside or inside automobiles such as vans, trucks, and cars.
Based on product type, global electric scooter lift & carrier market is arrayed into exterior (wheeled lift, outside and hitch mounted) and interior (platform lift, crane style lift).
From a regional perspective, North America will continue to hold a considerable revenue share over the forthcoming years, mainly due to the presence of key manufacturers who are adhering to government guidelines in the region. Meanwhile, Asia Pacific market is predicted to develop at a substantial rate through 2027, owing to rising demand for electric two-wheelers in the area aided by government subsidies.
Based on competitive landscape, Pride Mobility Products Corp., Bruno Independent Living Aids Inc., Travel Buggy, Titan Brands, WheelChair Carrier, All Terrain Medical and Mobility LLC, Magneta Trailers Inc., Harmar Mobility LLC, Ford Smart Mobility LLC, and EZ Carrier LLC, are among the major companies influencing global electric scooter lift & carrier market dynamics.