The vehicles for disabled market was valued at USD 2,970.0 Million in 2020 and is expected to reach USD 7,038.5 Million by year 2028, at a CAGR of 11.30% CAGR during the forecast period (from 2018 – 2028). Growing importance on providing equality to disabled people in terms of mobility and accessibility solutions and improving healthcare infrastructure in developing and developed countries is expected to boost market growth. However, high equipment cost and lesser medical reimbursement are considered as restraining factors for the growth of it.
The vehicles for disabled is fundamentally vehicle which has self-navigating wheelchair, its aim is to transport or move a disabled person form one place to its desired location. The wheelchair of car is equipped with a scanning ultrasonic rangefinder, digital camera, and an on-board microcomputer. The Vehicles for Disabled has wide ramp and more height as compared to the normal vehicles, so as to provide easy entry and exit for the disabled individual. The vehicle has latching tailgate with easy release handle secures the manual fold out for a clatter free and safe ride.
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Market Overview:
The pharma and healthcare industry is at a crossroads. Patients are benefiting from the promise of cell and gene therapies; uncommon diseases that were previously thought to be incurable are on the verge of finding true treatments. Artificial intelligence (AI) and machine-learning technologies are creating hopes that therapy discovery and development would be more innovative, as well as faster and cheaper. Manufacturing, the supply chain, and the entire healthcare ecosystem all have the potential to benefit from data-driven initiatives. Consumer attitudes and behaviours are shifting in a variety of ways, from growing use of technology and willingness to share data to an interest in using tools to make prescription and treatment decisions. Such factors will drive pharma and healthcare market growth in the coming years.
Some key highlights of the report:
- By vehicle type, mobility scooters segment is anticipated to be the fastest-growing segment within the Vehicles for disabled market. Mobility scooters are power-operated vehicle/ scooter or electric operated which has a seat over three/four/five wheels which are assumed as the best solution for mobility of disabled individuals to travel shorter distances in terms of performing a daily task
- Many mobility scooter producers are investing in research & developments to offer more innovative product to attract disabled individuals
- Rising demand for mobility solutions for disabled people which helps in independently performing routine tasks to propel the growth of mobility scooter segment during forecast period
- There have been numerous advancements to increase the efficiency of mobility scooters. For instance, mobility scooters can move at a speed of 4-8 mph, and one can adjust the seat-height of the vehicle according to the height of the disabled individual
- Technological advancement and government policies adopted by economically developed countries such as US and Canada likely to boost the demand of vehicles for disabled in North American region.
- In 2018, North America region accounted for the highest share in the vehicles for disabled market, followed by Europe. The developed economies like the US and Canada, and homegrown players such as Vantage Mobility International, Braunability, Revability, Inc., and Mobility Work, North America are boosting the market.
- Leading car-sharing/ car-hailing service providers in the US and Canada are finding ways to explore this market through the introduction of wheelchair-accessible vehicle (WAV) taxi services
- Asia Pacific is expected to witness the highest growth, followed by Europe and North America over the forecast period. The vehicles for disabled market growth in the region can also be driven by the increasing awareness towards mobility solution, developments in healthcare infrastructure along with several initiatives by governments and private organizations of the countrie
Key Players covered in this report are
Toyota Motor Corporation (Japan), Vantage Mobility International (US), BraunAbility (US), Revability(US), Mobility Works (US), Pride Mobility (US), Sunrise Medical Holdings (Germany), Invacare (US), KYMCO Global (Taiwan), and Amigo Mobility International (US) and other are operating in the vehicles for disabled marketplace.
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Vehicles for Disabled by Vehicle Type (Revenue, USD Million; 2018–2028)
- Adaptive 4 wheeler
- Passenger cars
- Pickup
- Mobility Scooters
Vehicles for Entry Mechanism (Revenue, USD Million; 2018–2028)
- Ramp
- Foldout ram
- Power ram
- Lifting equipment
Vehicles for Disabled by Entry Configuration (Revenue, USD Million; 2018–2028)
- Side
- Rear
Vehicles for Disabled by Driving Option (Revenue, USD Million; 2018–2028)
- Driving on Swivel Seat
- Driving through Wheelchair
- Driving on Normal Seat
Vehicles for Disabled by Ownership (Revenue, USD Million; 2018–2028)
- Rental, Lease, Hire
- Personal
Vehicles for Disabled by Manufacture Type (Revenue, USD Million; 2018–2028)
- OEM
- Third Party Customization
Key Regional Markets Studied in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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