South Korea Personal Mobility Devices Market Research Report By Product (Walking Aids, Wheelchairs, Scooters) and By End-user (Hospitals, Homecare, Others)- Forecast to 2035

South Korea Personal Mobility Devices Market Overview

As per MRFR analysis, the South Korea Personal Mobility Devices Market Size was estimated at 286.43 (USD Million) in 2023.The South Korea Personal Mobility Devices Market is expected to grow from 304.25(USD Million) in 2024 to 764.6 (USD Million) by 2035. The South Korea Personal Mobility Devices Market CAGR (growth rate) is expected to be around 8.738% during the forecast period (2025 - 2035).

Key South Korea Personal Mobility Devices Market Trends Highlighted

The ageing of the population and the growing focus on environmentally friendly urban transportation options are the main factors driving the market for personal mobility devices in South Korea.

E-scooters, e-bikes, and hoverboards are examples of personal mobility gadgets that have grown in popularity thanks to the South Korean government's aggressive promotion of electric and environmentally friendly automobiles.

South Korean cities are giving top priority to integrating these devices into public transportation systems in order to improve last-mile connection because to their congested urban terrain. Innovations in battery technology and intelligent mobility solutions can be used to investigate market opportunities.

The development of lighter, more effective batteries that improve the functionality and performance of personal mobility devices is made possible by South Korea's technological superiority. Government programs that fund this kind of research have the potential to boost local firms' creativity and increase manufacturing capacities.

Additionally, the need for shared mobility services has increased, giving companies a rare chance to provide rental services that appeal to young people and urban professionals looking for affordable and practical transportation choices. Consumer awareness of the effects of mobility on the environment has also increased recently, according to trends.

This has led to a rise in interest in personal mobility gadgets that support sustainable behaviours among South Koreans. In addition to giving manufacturers the opportunity to reach a wider audience, this change also promotes partnerships with local governments to build infrastructure specifically for bike lanes and charging stations, which will further stimulate the usage of these devices.

All things considered, the South Korean market for personal mobility devices is developing quickly due to factors like government assistance, technology breakthroughs, and shifting customer preferences towards greener solutions.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

South Korea Personal Mobility Devices Market Drivers

Increasing Urbanization in South Korea

The rapid urbanization in South Korea is acting as a major driver for the South Korea Personal Mobility Devices Market. Statistics indicate that over 81% of the South Korean population resides in urban areas, a number that is continually rising. As cities become more populated, there is a growing need for efficient transportation options to navigate congested urban landscapes.

The Ministry of Land, Infrastructure and Transport (MOLIT) has been actively promoting the use of personal mobility devices, including electric scooters and bicycles, as sustainable alternatives to traditional transportation methods.

Their aim is to reduce traffic congestion and environmental impact, which encourages the growth of the personal mobility market. Major manufacturers, such as Hyundai and Kia, are investing significantly in mobility solutions, further supporting the growth of this sector.

Government Incentives for Innovative Mobility Solutions

The South Korean government has placed a spotlight on fostering advanced mobility solutions as part of its national strategy. The government has unveiled various policies to promote electric and eco-friendly personal mobility devices.

For example, subsidies and incentives for users of electric scooters and bicycles have been reported to enhance adoption rates. In 2021, the South Korean government allocated a budget of approximately 30 million USD to support sustainable mobility initiatives.

This funding is part of a broader initiative to achieve carbon neutrality by 2050, indicating strong government commitment to supporting the South Korea Personal Mobility Devices Market and driving market growth.

Rising Environmental Awareness Among Consumers

There is a noticeable increase in environmental awareness among South Korean consumers, pushing the demand for eco-friendly personal mobility devices. According to a survey conducted by the Korea Transport Institute, over 70% of respondents expressed a preference for using green transport options, with electricity-powered devices being favored.

This growing trend is being amplified by social campaigns advocating for reduced carbon footprints, such as 'Green Transportation Day'. As consumers become more health-conscious and environmentally aware, companies like Samsung and LG are developing innovative solutions tailored to this market, contributing to the expected growth of the South Korea Personal Mobility Devices Market.

South Korea Personal Mobility Devices Market Segment Insights

Personal Mobility Devices Market Product Insights

The South Korea Personal Mobility Devices Market is characterized by a diverse array of products designed to enhance mobility for individuals with disabilities or age-related limitations. Among these, Walking Aids, Wheelchairs, and Scooters are prominent, each serving distinct functions catering to the needs of users.

Walking Aids, which include canes and walkers, play a crucial role in providing stability and support, especially for the elderly population. The growing awareness of the importance of mobility aids among healthcare professionals and the general public further drives the demand for these devices, contributing to a segment that remains significant in enhancing the independence of users.

On the other hand, Wheelchairs are vital in ensuring that individuals with limited mobility can navigate their surroundings. The technological advancements in this segment, such as the introduction of lightweight materials and powered options, are making them more accessible and user-friendly.

The increase in the aging population in South Korea, coupled with government initiatives promoting accessibility, enhances the importance of Wheelchairs in the overall market landscape. Scooters are another critical element of the South Korea Personal Mobility Devices Market, offering a blend of convenience and maneuverability for individuals seeking mobility solutions outside their homes.

The rise in urbanization is propelling their demand as they provide an efficient means of transport that combines both speed and ease of use in crowded city environments. As urban infrastructure continues to evolve to accommodate more mobility solutions, scooters hold significant promise in enhancing the travel experience for users while fostering independence and mobility.

Overall, these product categories reflect the South Korea Personal Mobility Devices Market's adaptability to consumer needs, fostering growth through innovation and a strong focus on the user experience.

As the market continues to evolve, investment in R&D within these product segments is likely to drive further improvements, paving the way for advanced mobility solutions that prioritize user comfort, safety, and autonomy.

The insights gained from market statistics and segmentation underscore the relevance of these products in addressing the varying demands of consumers, shaping the future of mobility in South Korea.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Personal Mobility Devices Market End-user Insights

The South Korea Personal Mobility Devices Market generates significant interest from various End-users, primarily focusing on Hospitals, Homecare, and Others. Hospitals are essential as they require advanced mobility solutions to cater to their diverse patient needs, enhancing patient comfort while ensuring safety during mobility.

This includes a range of devices that assist patients with mobility limitations, thereby improving overall hospital efficiency. Homecare has emerged as a vital segment as well, driven by the aging population and a growing preference for in-home medical support.

Families increasingly seek independence for loved ones, leading to a rise in demand for personal mobility aids that enable seamless mobility at home. The Others category includes various entities such as rehabilitation centers and nursing homes that prioritize mobility solutions, thus enhancing quality of care for individuals needing assistance.

Overall, the South Korea Personal Mobility Devices Market segmentation reveals strong growth potential across these segments, influenced by demographic shifts, technological advancements, and increased awareness regarding mobility solutions.

South Korea Personal Mobility Devices Market Key Players and Competitive Insights

The South Korea Personal Mobility Devices Market is witnessing significant transformation and competitive dynamics driven by technological advancements and changing consumer preferences. The demand for eco-friendly, efficient, and user-friendly personal mobility solutions is on the rise, fostering a landscape characterized by innovation and competition among various players.

Companies are engaging in strategic partnerships, product diversification, and marketing initiatives to enhance their brand presence and maintain a competitive edge in this burgeoning market.

With a growing emphasis on sustainable transportation solutions, several firms are focusing on developing high-quality personal mobility devices that cater to the needs of urban populations looking for convenient alternatives to traditional vehicular transport.

Trek Bicycle has established a strong foothold in the South Korean market, recognized for its commitment to quality and innovation in the personal mobility sector. The company leverages its extensive experience in bicycle manufacturing and design to create a diverse product lineup that resonates with the local preferences of consumers.

With advanced engineering and a focus on performance, Trek Bicycle stands out by offering exceptional products that appeal to cycling enthusiasts and daily commuters alike.

The company's robust supply chain and effective distribution networks further enhance its visibility and availability across the region, positioning it as a trusted brand among consumers seeking reliable mobility solutions. Trek Bicycle's continued investment in research and development also showcases its dedication to maintaining relevance in an ever-evolving market.

Coco has emerged as a significant player in the South Korean Personal Mobility Devices Market, gaining recognition for its innovative offerings in electric scooters and other mobility devices designed for urban use. The company emphasizes sustainability and convenience, catering to the increasing need for efficient short-distance travel solutions among city dwellers.

With a focus on user-friendly designs and advanced technologies, Coco aims to enhance the commuting experience. The brand has developed a strong local presence through strategic partnerships and collaborations aimed at expanding its market reach.

Coco's strengths lie in its commitment to customer satisfaction and continuous innovation, which have established it as a key competitor in this sector. The company is actively exploring opportunities for mergers and acquisitions to bolster its market position and broaden its product range, underscoring its ambitions to remain at the forefront of the personal mobility landscape in South Korea.

Key Companies in the South Korea Personal Mobility Devices Market Include:

• Trek Bicycle


• Coco


• Inokim


• Kia Corporation


• Hyundai Motor


• Xiaomi


• Twitch


• SegwayNinebot


• Daiwa House


• LG Electronics


• SK Telecom


• Gocycle


• Samsung


• Naver

South Korea Personal Mobility Devices Market Developments

The South Korea Personal Mobility Devices Market has recently seen several notable developments. In October 2023, LG Electronics announced plans to expand its electric scooter lineup, aligning with the country's push for sustainable transport solutions.

Concurrently, Hyundai Motor and Kia Corporation are investing in advanced battery technology for electric bikes, enhancing their competitiveness in the rapidly growing electric mobility segment. Additionally, companies like Xiaomi and Segway-Ninebot are increasing their market presence through localized manufacturing and strategic partnerships, boosting supply chain efficiency.

In terms of mergers and acquisitions, no significant deals involving the companies of interestsuch as Trek Bicycle, Coco, Inokim, or Gocyclehave been reported recently.

Over the past couple of years, there has been a marked increase in market valuation, driven by rising demand for personal mobility options amidst urban congestion and environmental concerns, with sales of electric scooters and bicycles surging approximately 30% year-on-year as reported in early 2022.

This growth highlights a shift in consumer preference towards personal and eco-friendly mobility solutions while indicating strong ongoing innovation in the sector.

South Korea Personal Mobility Devices Market Segmentation Insights

Personal Mobility Devices Market Product Outlook

• Walking Aids


• Wheelchairs


• Scooters

Personal Mobility Devices Market End-userOutlook

• Hospitals


• Homecare


• Others

Report Attribute/Metric Source:	Details
MARKET SIZE 2023	286.43(USD Million)
MARKET SIZE 2024	304.25(USD Million)
MARKET SIZE 2035	764.6(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)	8.738% (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 Million
KEY COMPANIES PROFILED	Trek Bicycle, Coco, Inokim, Kia Corporation, Hyundai Motor, Xiaomi, Twitch, SegwayNinebot, Daiwa House, LG Electronics, SK Telecom, Gocycle, Samsung, Naver
SEGMENTS COVERED	Product, End User
KEY MARKET OPPORTUNITIES	Integration with smart cities, Eco-friendly transportation solutions, Aging population mobility needs, Last-mile delivery enhancements, Expansion of e-commerce logistics.
KEY MARKET DYNAMICS	technological advancements, aging population, environmental concerns, urbanization trends, government regulations
COUNTRIES COVERED	South Korea