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

Electric Scooter Lift And Carrier Market Size, Share & Trends Analysis Report By Type (Interior, Exterior), By Region (North America, APAC, MEA), And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-4-68038-775-9
  • Number of Report Pages: 120
  • Format: PDF, Horizon Databook
  • Historical Range: 2017 - 2021
  • Forecast Period: 2023 - 2030 
  • Industry: Technology

Market Size & Trends

The global electric scooter lift and carrier market size was valued at USD 154.5 million in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.8% from 2023 to 2030. Vehicle mobility lift is an equipment that helps physically impaired persons carry their scooters or wheelchairs along with them while traveling long distances. Moreover, lifts are attached to the exterior of the vehicle. Thus, the ease of carrying the scooter or wheelchairs coupled with the growing demand for mobility scooters is propelling the market growth.

U.S. electric scooter lift and carrier market size and growth rate, 2023 - 2030

In addition, the development of innovative product offerings to meet the basic mobility requirements is driving the demand. Previously, 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 lifts and carriers.

The 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 scooters are expected to positively impact the market growth over the forecast period.

The growing adoption of mobility electric scooters is also expected to positively impact 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 are further anticipated to fuel the need for mobility electric scooters, thereby supporting market growth.

The lift and carrier equipment provides a safer, easier, and cost-effective solution for carrying electric vehicles for long distances. Electric scooter lifts & carriers are majorly used by physically impaired people to lift the electric scooter or wheelchairs. The advantageous features of electric scooter lift & carrier elevators help boost 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 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 and providing incentives & 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, one of the prominent players in the automobile industry - Hero Electric, slashed the price of its 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 is likely to encourage consumers to purchase electric scooters, which is anticipated to boost the demand for electric scooter lifts 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 manual-operated counterparts. The automatic electric scooter lifts & carriers have many advantageous features, such as ability to carry heavy scooters, ease of operation, quicker installation in vehicles, and negligible maintenance requirement. 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

The exterior segment accounted for the largest revenue share of 64.5% in 2022 and is expected to expand at the fastest CAGR over the forecast period. This growth is attributed to the benefits offered by the equipment, 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.

The interior segment is projected to witness significant 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 the 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 market and accounted for the largest revenue share of 41.0% in 2022 and is expected to expand at the fastest CAGR over the forecast period. The prominent players in the electric scooter lift and carrier 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.

Global electric scooter lift and carrier market share and size, 2022

Europe is expected to witness significant growth in the market during the forecast period. The increasing demand for electric scooters in the region is fueling the adoption of 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 Europe 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 for 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 key players focus on providing cost-efficient products to gain competitive edge in the market. Moreover, the market players are adopting various growth strategies, such as mergers & acquisitions, to expand and diversify their product offerings.

Key Electric Scooter Lift And Carrier Companies:

  • Bruno Independent Living Aids, Inc.
  • Harmar
  • Pride Mobility Products Corp.
  • EZ Carrier USA.
  • Magneta Trailers Inc

Recent Developments

  • In August 2020, Elektra, a Chennai-based firm, developed a wheelchair elevator to make bus transportation accessible. A product made especially for city buses is the "Elektra" step lift. It can be installed at the side entrance of the bus, taking up the space where the access stairs were present.

  • In January 2019, the lifts and ramps division of Pride Mobility Products Corp. was acquired by Harmar. In its scooter, power chair, and lift chair product lines, Pride Mobility further concentrated its efforts on creating mobility goods that cater to consumers.

Electric Scooter Lift And Carrier Market Report Scope

Report Attribute

Details

Market size value in 2023

USD 161.4 million

Revenue forecast in 2030

USD 224.1 million

Growth Rate

CAGR of 4.8% from 2023 to 2030

Base year for estimation

2022

Historical data

2017 - 2021

Forecast period

2023 - 2030

Quantitative units

Revenue in USD million/billion and CAGR from 2023 to 2030

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; UK; Germany; France; China; Japan; India; Australia; South Korea; Brazil; Mexico; Saudi Arabia; South Africa; UAE

Key companies profiled

Bruno Independent Living Aids, Inc.; Harmar; Pride Mobility Products Corp.; EZ Carrier USA.; Magneta Trailers Inc

Customization scope

Free report customization (equivalent up to 8 analyst’s 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

 

Global Electric Scooter Lift And Carrier Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global electric scooter lift and carrier market report based on type and region:

Global Electric Scooter Lift And Carrier Market Report Segmentation

  • Type Outlook (Revenue, USD Million, 2017 - 2030)

    • Interior

      • Platform lift

      • Crane style lift

    • Exterior

      • Outside and hitch mount lifts

      • Wheeled lifts

  • Regional Outlook (Revenue, USD Million, 2017 - 2030)

    • North America

      • U.S.

      • Canada

    • Europe

      • UK

      • Germany

      • France

    • Asia Pacific

      • China

      • Japan

      • India

      • Australia

      • South Korea

    • Latin America

      • Brazil

      • Mexico

    • Middle East and Africa

      • Saudi Arabia

      • South Africa

      • UAE

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