According to FutureWise analysis the market for group 2 powered mobility devices in 2023 is US$ 2.71 billion, and is expected to reach US$ 7.53 billion by 2031 at a CAGR of 13.62%.
Furthermore, the market is expected to benefit from the growing senior population and rising use of powered mobility devices for a variety of outdoor activities. The pandemic of COVID-19 has had a severe influence on the mobility device sector. Coronavirus has had a major impact on the medical profession in terms of medical procedures and treatment. The pandemic has further exacerbated the country's transportation and logistics problems. The lack of logistics and shipping services has resulted in delays in the delivery of products and services to clients.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Group 2 Powered Mobility Devices Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Group 2 Powered Mobility Devices Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.