As per MRFR analysis, the South America Personal Mobility Devices Market Size was estimated at 1.15 (USD Billion) in 2023.The South America Personal Mobility Devices Market is expected to grow from 1.5(USD Billion) in 2024 to 3.5 (USD Billion) by 2035. The South America Personal Mobility Devices Market CAGR (growth rate) is expected to be around 8.007% during the forecast period (2025 - 2035).
Key South America Personal Mobility Devices Market Trends Highlighted
An ageing population and a growing emphasis on urban mobility solutions are driving significant developments in the South American personal mobility devices market. Devices that help older people keep their mobility and independence are becoming more and more necessary as a result of demographic transitions in nations like Argentina and Brazil.
Electric mobility options, like e-scooters and electric wheelchairs, are also becoming more popular as a result of growing awareness of the value of environmentally friendly transportation. Initiatives by local governments to improve accessibility in cities and promote the use of personal mobility devices are important market drivers.
The development of technology presents opportunities to enter this industry, especially with regard to smart gadgets that combine with mobile applications to improve user experience. Working together with healthcare practitioners to create solutions that facilitate mobility health monitoring and rehabilitation is another possibility.
Consumers in South America are getting more and more interested in mobility gadgets that are personalised and customised to suit their unique tastes and aesthetic preferences. Additionally, as shared mobility services proliferate in urban areas, companies are looking into fleet service options that incorporate personal mobility devices to make access easier for city dwellers.
Additionally, local governments are encouraging the construction of infrastructure that supports personal mobility devices and giving pedestrian-friendly regulations more priority. These trends are anticipated to be further shaped by rising urbanisation and greater investment in smart city projects, making South America a vibrant market for personal mobility solutions.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
South America Personal Mobility Devices Market Drivers
Rising elderly population in South America
The South America Personal Mobility Devices Market is significantly driven by the increasing elderly population across the region. According to the United Nations Economic Commission for Latin America and the Caribbean, the population aged 60 and over in South America is expected to grow from 106 million in 2020 to approximately 177 million by 2050.
This demographic shift indicates a higher demand for personal mobility devices, as older adults often experience mobility challenges that these devices aim to alleviate. Established organizations such as the Pan American Health Organization have recognized the impact of mobility limitations on the elderly and promote the use of assistive devices to enhance life quality, thereby fostering market growth.
Increased government funding for healthcare
Another significant driver for the South America Personal Mobility Devices Market is the increase in government funding for healthcare initiatives. Many South American countries are allocating larger portions of their budgets to healthcare solutions, including support for mobility aids.
For instance, Brazil's Ministry of Health reported a 20% increase in funding dedicated to assistive technologies in 2021, enhancing access to funding for medical devices such as wheelchairs, scooters, and other mobility aids. This trend demonstrates a commitment to improving patient care and supporting individuals with mobility challenges, subsequently boosting the market for personal mobility devices.
Technological advancements in mobility devices
The South America Personal Mobility Devices Market is also influenced by rapid advancements in technology within personal mobility devices. Innovations such as the integration of smart technology, lightweight materials, and improved battery life for electric scooters and wheelchairs have enhanced product functionality and usability.
For example, companies like Invacare Corporation are incorporating IoT technology into their mobility devices, which can monitor user activity and optimize performance. Given that technology-driven devices often offer better user experience, the South American market is likely to see increased adoption and investment, further propelling market growth in the coming years.
Growing awareness of disability rights
The growing awareness of disability rights and inclusion in South America serves as a vital market driver for the South America Personal Mobility Devices Market. Campaigns led by organizations like the Latin American Network of People with Disabilities emphasize the importance of accessibility and advocacy for the rights of disabled individuals.
This heightened awareness has contributed to a shift in societal attitudes towards mobility devices, encouraging their use. For instance, a national survey in Argentina indicated that 65% of respondents support increased accessibility measures, creating a positive environment for the acceptance and adoption of personal mobility devices, thus stimulating market growth.
South America Personal Mobility Devices Market Segment Insights
Personal Mobility Devices Market Product Insights
The South America Personal Mobility Devices Market is witnessing substantial growth, driven primarily by the increasing prevalence of mobility impairments among the aging population and individuals with disabilities. Within the Product segment, the market comprises key categories such as Walking Aids, Wheelchairs, and Scooters, each playing a vital role in enhancing mobility and independence.
Walking Aids, which include canes and walkers, are highly significant as they provide users with the necessary support to maintain balance and stability while moving. This segment is essential for individuals recovering from surgeries or those affected by chronic conditions, making it a critical area for market growth.
Wheelchairs, another major category, dominate the Personal Mobility Devices Market due to their pivotal role in improving the quality of life for individuals with severe mobility issues. The diversity in wheelchair designs, ranging from manual to electric models, caters to varied user preferences and needs, offering freedom of movement to those who rely on them for daily activities.
The innovation in wheelchair technology and the development of lighter materials are further contributing to the segment's expansion. Additionally, Scooters are increasingly popular among users looking for a convenient alternative to traditional mobility aids. Their ease of use and versatility make them an attractive option for individuals seeking independence while navigating urban environments.
The integration of advanced features such as better battery life and enhanced maneuverability positions scooters as a favorable choice in the mobility devices landscape. The South America Personal Mobility Devices Market segmentation reflects these trends, emphasizing the importance of these Products in addressing the mobility challenges faced by a substantial portion of the population.
Furthermore, as urban areas in South America continue to develop and expand, there is a growing need for effective mobility solutions. The emphasis on improving accessibility in public spaces also highlights the significance of the Personal Mobility Devices Market within the broader healthcare and social services industry.
Overall, the continuous advancements in technology and design, coupled with the increasing awareness of mobility challenges, will likely drive the growth within this vital segment of the market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Personal Mobility Devices Market End-user Insights
The South America Personal Mobility Devices Market has seen a notable expansion across its End-user segments, with an increasingly diverse range of applications and users. Hospitals are crucial as they demand advanced mobility aids to enhance patient recovery and accessibility, enabling healthcare facilities to provide better services.
The homecare sector has also gained immense traction, driven by an aging population and the rising need for independent living solutions among elderly and disabled individuals. Furthermore, the term 'Others' encompasses retail and recreational use, which includes a growing interest in personal mobility devices for everyday convenience.
This segment illustrates a shift towards increased mobility within urban areas, as individuals seek to navigate busy environments with ease. Collectively, these segments exhibit significant growth potential within the South America Personal Mobility Devices Market, driven by factors such as technological advancements, increasing healthcare needs, and a focus on improving quality of life.
As demand grows for innovative solutions that cater to various mobility needs, the market is expected to evolve, reflecting trends towards personalization and enhanced user experience. This dynamic landscape highlights the importance of tailoring products across these segments to meet the specific requirements of diverse user groups.
Personal Mobility Devices Market Regional Insights
The South America Personal Mobility Devices Market is notably diverse, with various nations contributing uniquely to its progression. Brazil stands out as a significant player, driven by its large population and increased awareness regarding mobility solutions for the elderly and disabled, enhancing its market position.
Mexico also plays a critical role, with rising urbanization and an aging demographic boosting the demand for personal mobility devices. Argentina's market benefits from government initiatives aimed at improving accessibility, further expanding opportunities for growth in the personal mobility sector.
Meanwhile, the Rest of South America shows promising potential with many emerging economies increasingly recognizing the importance of personal mobility. The demand for innovative and user-friendly devices across the region is propelled by cultural shifts towards inclusivity and advancements in technology.
With the South America Personal Mobility Devices Market continually evolving, each segment presents unique challenges and opportunities that reflect the socio-economic landscape of the region, while they collectively contribute to the overall market's growth trajectory.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
South America Personal Mobility Devices Market Key Players and Competitive Insights
The South America Personal Mobility Devices Market presents a dynamic landscape characterized by increasing demand for innovative transportation solutions, driven by urbanization, environmental concerns, and changing consumer preferences. This market encompasses a variety of mobility devices including electric scooters, scooters, bicycles, and other personal transportation equipment.
The competitive dynamics are shaped by both local and international players who strive to capture market share by focusing on technology advancements, product diversification, eco-friendly options, and customer-centric approaches.
The evolving regulatory frameworks, along with shifts in demographics, play a crucial role in defining the strategic moves of companies aiming to establish or expand their presence within this market. As consumer awareness about sustainability grows, the demand for efficient and environmentally friendly mobility solutions is reshaping the competitive landscape significantly.
Kymco has established a solid foothold in the South America Personal Mobility Devices Market, capitalizing on its reputation for producing reliable and high-performance scooters and electric mobility devices. The company’s strengths lie in its strong product portfolio, which includes innovative electric scooters designed specifically for urban commuting.
Kymco's strategic partnerships with local distributors and retailers have facilitated its market entry and expansion, reinforcing its brand visibility and accessibility across the region. By focusing on customer feedback, Kymco has been able to tailor its offerings to meet the specific needs of South American consumers, ensuring that its products resonate well with local preferences.
Additionally, Kymco’s commitment to enhancing product quality and performance has further strengthened its competitive position, allowing it to carve out a significant market share in this evolving landscape.
Yamaha, another key player in the South America Personal Mobility Devices Market, harnesses its extensive experience in automotive engineering to produce top-of-the-line personal mobility solutions that include scooters and electric bicycles.
The company's innovative designs, combined with high safety standards, have earned it a loyal customer base in the region. Yamaha is renowned for its research and development efforts, which focus on integrating advanced technologies into their products, enhancing both performance and sustainability.
The company's presence is amplified by effective marketing strategies and collaborations with local firms that help penetrate various demographic segments within South America.
Yamaha’s strengths also extend to its robust after-sales service and maintenance support, fostering brand loyalty among consumers. Moreover, Yamaha’s recent acquisitions in the region have positioned it to leverage local expertise while expanding its product line, ensuring its offerings remain competitive and relevant amidst shifting market demands.
Key Companies in the South America Personal Mobility Devices Market Include:
South America Personal Mobility Devices Market Developments
Recent developments in the South America Personal Mobility Devices Market include a notable surge in demand for electric scooters and bikes, largely driven by urbanization and the need for sustainable transportation solutions across major cities like So Paulo and Buenos Aires.
Companies such as Lime and Bird have expanded their operations significantly, increasing their fleet sizes and launching new services in partnership with local municipalities to promote green mobility.
In terms of mergers and acquisitions, Kymco announced an acquisition of a local electric bike manufacturer in April 2023 to bolster its market presence in Brazil, while Yamaha launched an electric scooter model tailored for the South American market in March 2023, reflecting the ongoing trend towards electrification.
The market is projected to grow substantially, with industry valuations increasing due to heightened investments in infrastructure and electric mobility. Companies like Honda and Xiaomi are ramping up their R&D efforts to introduce innovative products tailored to local consumer needs.
Additionally, the regulatory framework is evolving, with several South American governments implementing policies aimed at encouraging electric mobility to reduce urban traffic congestion and emissions, further enhancing the market landscape.
South America Personal Mobility Devices Market Segmentation Insights
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 1.15(USD Billion) |
| MARKET SIZE 2024 | 1.5(USD Billion) |
| MARKET SIZE 2035 | 3.5(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 8.007% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Kymco, Yamaha, Uber, Gogoro, Clectrify, Electra, Lime, Segway, Bird, Ducati, Ninebot, Scoot, Voi Technology, Honda, Xiaomi |
| SEGMENTS COVERED | Product, End User, Regional |
| KEY MARKET OPPORTUNITIES | Growing urban population, Increased government support, Rising awareness of sustainable transport, Demand for affordable mobility solutions, Technological advancements in devices |
| KEY MARKET DYNAMICS | Aging population, Growing urbanization, Increasing health consciousness, Technological advancements, Government initiatives for accessibility |
| COUNTRIES COVERED | Brazil, Mexico, Argentina, Rest of South America |
Frequently Asked Questions (FAQ) :
The South America Personal Mobility Devices Market is expected to be valued at 1.5 USD Billion in 2024.
By 2035, the South America Personal Mobility Devices Market is expected to reach a valuation of 3.5 USD Billion.
The expected CAGR for the South America Personal Mobility Devices Market from 2025 to 2035 is 8.007%.
Brazil is projected to hold the largest market share, valued at 0.55 USD Billion in 2024, growing to 1.3 USD Billion by 2035.
The market size for Wheelchairs is expected to grow from 0.75 USD Billion in 2024 to 1.65 USD Billion by 2035.
Major players in the market include Kymco, Yamaha, Uber, Gogoro, and Electra among others.
The market size for Scooters in 2024 is valued at 0.3 USD Billion.
The market for Personal Mobility Devices in Argentina is expected to grow from 0.3 USD Billion in 2024 to 0.7 USD Billion by 2035.
The growing demand for mobility solutions and advancements in electric mobility devices create significant growth opportunities.
The Rest of South America region is expected to grow from 0.25 USD Billion in 2024 to 0.5 USD Billion by 2035.
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Assistant Manager He holds an experience of about 7+ years in market research and business consulting, working under the spectrum of life sciences and healthcare domains. rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. his expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. in addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives
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