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Personal Mobility Vehicle Market Industry Demand, Growth Analysis and Forecast by 2029.

Submitted by Simran4you on Wed, 06/21/2023 - 11:43

Data Bridge Market Research has recently published the comprehensive business research on "Personal Mobility Vehicle Market" includes historic data, present market trends, future product environment, marketing strategies, technological innovation, upcoming technologies, emerging trends or opportunities, and the technical progress in the related industry. "Personal Mobility Vehicle Market" research report gives critical information about the market and business landscape. It suggests how the company is perceived by the target customers and clients that are desired to reach. The report helps understand how to connect with customers, how to stack up against the competition, and how to plan next steps. It plays an important role in the process of developing products and services, bringing them to the marketplace, and marketing them to consumers. For many businesses, "Personal Mobility Vehicle Market" report acts as a key component in developing marketing strategy by providing a fact-based foundation for estimating sales and profitability.

The personal mobility vehicle market was valued at USD 12.36 billion in 2021 and is expected to reach USD 22.05 billion by 2029, registering a CAGR of 7.50% during the forecast period of 2022-2029.

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Market Definition:

Personal mobility vehicle assist in the human transportation individually. These vehicles could be powered or manual, typically utilized by individuals from mobility impairment for ambulation. Some of these devices include wheelchairs, canes, crutches, walkers and rollators.

Some of the major players operating in the personal mobility vehicle market are

Polaris Inc. (US)
Textron Inc (US)
Deere & Company. (US)
The Toro Company. (US)
Ingersoll-Rand plc (Ireland)
Yamaha Motor Co., Ltd. (Japan)
KUBOTA Corporation. (Japan)
American Landmaster (US)
Columbia Vehicle Group Inc. (US)
AGT Electric Cars (Canada)
Bintelli Electric Vehicles. (US)
Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd (China)
SpeedwaysElectric (India)
Marshell Green Power (China)
Garia A/S (Denmark)
JH Global Services, Inc. (US)
HDK Co.,Ltd. (Japan)
Tropos Technologies Inc. (US)

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Personal Mobility Vehicle Market Regional Analysis/Insights

The personal mobility vehicle market is analyzed and market size insights and trends are provided by country, type, power output, and application.

The countries covered in the personal mobility vehicle market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America dominates the personal mobility vehicle market because of the prevalence of age-associated diseases and rise in geriatric population within the region.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rise in disposable income levels and surge in awareness in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

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