GVR Report cover Electric Scooter Lift & Carrier Market Size, Share & Trends Report

Electric Scooter Lift & Carrier Market Size, Share & Trends Analysis Report By Type (Interior, Exterior), By Region (North America, APAC, MEA), And Segment Forecasts, 2020 - 2027

  • Report ID: GVR-4-68038-775-9
  • Number of Pages: 120
  • Format: Electronic (PDF)
  • Historical Range: 2016 - 2018
  • Industry: Technology

Report Overview

The global electric scooter lift and carrier market size was valued at USD 142.2 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.5% from 2020 to 2027. The vehicle mobility lift is an equipment that helps physically impaired persons to carry their scooter or wheelchairs along with them while traveling long distances. Moreover, lifts are attached to the exterior of the vehicle. Thus, ease of carrying the scooter or wheelchairs coupled with the growing demand for mobility scooters is propelling the market growth.

"Asia Pacific electric scooter lift & carrier market size

In addition, the development of innovative product offerings to meet the basic mobility requirements is driving the demand. Previously, these lifting equipment had to be operated manually. However, vendors have started leveraging the advances in technology to incorporate various features and automate these devices. For instance, advancements in hydraulics have helped in simplifying and entirely automating the lifting process. Owing to the aforementioned benefits, there has been an increasing demand for electric scooter lift and carriers.

Thus, improvements in functionalities coupled with technological advancements pertaining to material strength, electronic control systems, and crane systems have proved pivotal in increasing product demand. Moreover, incentives and initiatives by various governments and NGOs to promote the use of electric scooter are expected to positively impact the market growth over the forecast period.

The growing adoption of mobility electric scooter is also expected to positively affect the demand for lifts and carrier systems. Mobility electric scooters are vehicles that are extensively used for short-distance travel, mainly by people with difficulties in physical movements. Moreover, increasing cases of obesity across the globe is further anticipated to fuel the need for mobility electric scooters, thereby supporting market growth.

Electric Scooter Lift & Carrier Market Trends

The rising demand for electric scooters has created the need for easy carrying and lifting equipment used for traveling long distances. The lift and carrier equipment provide a safer, easier, and cost-effective solution for carrying electric vehicles for long distances. Electric scooter lifts & carriers are majorly used by the physically impaired people to lift the electric scooter or the wheelchairs. The advantageous features of electric scooter lift & carrier elevators increase its demand in the market. For instance, the hitch mounted, and wheeled electric scooter lift & carrier elevators attached to the exterior of commercial vehicles such as vans, cars, buses, or trucks save the boot space, they are easy to install and operate, and are cost-effective; thus, these features are driving the demand for the electric scooter lift & carrier in the market.

Besides, the governments are taking various initiatives by changing policies, providing incentives and subsidies to increase the adoption of electric scooters. The government is providing various incentives and tax exemptions to encourage automakers to manufacture electric vehicles. For instance, in 2021, the prominent player in the automobile industry Hero Electric has slashed the price of the electric scooter by 12% to 33% in India. The decline in the price range is due to an increase in the government subsidiary provided through the Faster Adoption and Manufacturing of Electric Vehicles (FAME) II policy. The reduced price of the scooters will encourage the consumers to purchase electric scooters, which is anticipated to boost the demand for electric scooters lift and carriers in the market.  

The key manufacturers of the electric scooter lift and carriers market are majorly focusing on developing technologically advanced products in the market. They are developing the automatic lift and carrier over the manual operated. The automatic electric scooter lifts & carriers have many advantageous features, such as it carries heavy scooters, easy to operate, quicker installation in vehicles, and requires negligible maintenance. Additionally, the automatic electric scooter lift & carriers fold vertically against the vehicle and are economical compared to other lifting and carrying equipment, thus widely preferred by consumers in the market.

Type Insights

In terms of revenue, the exterior segment dominated the market with a share of 63.3% in 2019 and will expand further at the maximum CAGR from 2020 to 2027. This growth is attributed to the benefits offered by these equipments, such as saving boot space. For smaller cars and sedans, electric scooter lifts and carriers have to be hitch-mounted on the rear of the vehicle. However, such exterior systems are suspended directly for carrying small-sized scooters or rested on a platform installed externally for carrying larger scooters.

Global electric scooter lift & carrier market share

The interior segment is projected to witness considerable growth over the forecast period owing to the safety provided by these tools against the risks involved in transporting the scooter externally, as a failure in lift component can considerably damage the mobility scooter or wheelchair. These types of systems are usually preferred for large-sized cars, such as SUVs and cars having more boot space.

Regional Insights

North America dominated the electric scooter lift & carrier market and accounted for the largest revenue share of 41.2% in 2021; the region is anticipated to continue its dominance over the forecast period. The prominent players in the electric scooter lift & carry market based in North America are working on developing advanced products to maintain their dominance across the world.

In October 2021, Harmar Mobility was honored for Highlander II, in HME Business’s 2021 New Product Award competition. Highlander II is a new generation vertical platform lift(VPL) equipment with updated designs and advanced technology. The new technologies incorporated in the Highlander II have increased ease of operation, enhanced reliability, and reduced the number of potential visits.

Additionally, there are stringent regulatory guidelines pertaining to the production, transportation, and handling of electric scooters, which are governed by the department of transportation(DoT) and local bodies in the U.S. Thus, to comply with the rules and regulations of handling and transportation of electric scooters there is an increase in the demand of the electric scooter lift and carriers in the region.

Europe is expected to witness significant growth in the electric scooter lift & carrier market during the forecast period. The increasing demand for electric scooters in the region is creating the demand for lifting equipment in the market. The high demand for electric scooters is due to government policies to combat air combustion and the growing trend of rental-sharing services in the region.  

The key manufacturers of the electric scooter market-based in the region are providing an extensive range of rental electric scooters at minimal prices. The rental electric scooter has eliminated the total cost of the ownership and maintenance cost which makes it the most viable option of transport; thus they are widely preferred over other electric alternatives in the market. Increasing demand for electric vehicles has cascading effects on the sales of electric scooters and lift & carriers in the market

Key Companies & Market Share Insights

The market is consolidated owing to the presence of well-established companies operating globally. The key players focus on providing cost-efficient products to gain competitive edge in the market. Moreover, these players are adopting various growth strategies, such as mergers & acquisitions, to expand and diversify their product offerings. Some of the prominent players in the electric scooter lift and carrier market include:

  • Bruno Independent Living Aids, Inc.

  • Harmar Mobility LLC

  • Pride Mobility Types Corp.

  • EZ Carrier

  • Magneta Trailers, Inc.

Electric Scooter Lift & Carrier Market Report Scope

Report Attribute

Details

Market size value in 2020

USD 147.9 million

Revenue forecast in 2027

USD 201.7 million

Growth Rate

CAGR of 4.5% from 2020 to 2027

Base year for estimation

2019

Historical data

2016 - 2018

Forecast period

2020 - 2027

Quantitative units

Revenue in USD million and CAGR from 2020 to 2027

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Type, region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S.; Canada; U.K.; Germany; France; Spain; Italy; China; India; Japan; Taiwan; South Korea; Brazil; Mexico

Key companies profiled

Bruno Independent Living Aids, Inc.; Harmar Mobility LLC; Pride Mobility Types Corp.; EZ Carrier; and Magneta Trailers, Inc.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options


Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global electric scooter lift and carrier market report based on type and region:

  • Type Outlook (Revenue, USD Million, 2016 - 2027)

    • Interior

      • Platform lift

      • Crane style

    • Exterior

      • Outside and hitch mount lift

      • Wheeled lift

  • Regional Outlook (Revenue, USD Million, 2016 - 2027)

    • North America

      • The U.S.

      • Canada

    • Europe

      • The U.K.

      • Germany

      • France

      • Spain

      • Italy

    • Asia Pacific

      • China

      • India

      • Japan

      • Taiwan

      • South Korea

    • Latin America

      • Brazil

      • Mexico

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