Personal Mobility Vehicle Market Growth, Segments and Forecast by 2029.

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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.

"Personal Mobility Vehicle Market" research report comprises of several parameters which are thoroughly studied by the experts. To generate the best market research report, a range of objectives of the marketing research are required to be kept in mind. With this market report it becomes simpler for customers to understand the various drivers and restraints impacting the market during forecast period. Businesses can rely upon this top-notch market report to accomplish an utter success. "Personal Mobility Vehicle Market" report helps to provide such market insights by considering all the aspects of current and future market.
 
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.
 
In the credible "Personal Mobility Vehicle Market" report, market segmentation study covers research and analysis which is based on numerous market and industry segments such as application, vertical, deployment model, end user, and geography. Whereas competitive analysis studies of this market report provides ideas about the strategies of key players in the market. Some of the competitor strategies can be mentioned here as new product launches, expansions, agreements, partnerships, joint ventures, and acquisitions. Besides, the market share of major competitors on global level is also studied where key areas such as Europe, North America, Asia Pacific and South America are taken into account in this "Personal Mobility Vehicle Market" research report.
 
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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)
 
Personal Mobility Vehicle Market Scope
 
The global personal mobility vehicle market is segmented on the basis of type, power output, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
 
Type
Personal mobility vehicle market on the basis of type has been segmented as gasoline, electric, and diesel.
 
Power Output
  • <8 KW
  • 8 –15 KW
  • >15 KW
Based on power output, personal mobility vehicle market has been segmented into <8 KW, 8 –15 KW, and >15 KW.
 
Application
  • Golf Courses
  • Airports
  • Hotels and Resorts
  • Industrial Facilities
  • Other
On the basis of application, personal mobility vehicle market has been segmented into golf courses, airports, hotels and resorts, industrial facilities and other. 
 
 
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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