New York, Jan. 15, 2020 (GLOBE NEWSWIRE) -- The vehicles for disabled market was valued at USD 2.43 billion in 2018 and is expected to reach USD 5.13 billion by year 2026, at a CAGR of 9.8% CAGR during the forecast period (from 2018 – 2026). 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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Adaptive four-wheeler segment of the Vehicles for the disabled market is led by globally and regionally established players such as Vantage Mobility International (US), Toyota Motor Corporation (Japan), Revability (US), BraunAbility (US), and Mobility Works (US).
In the region, North American region is projetced to be the major market for vehicles for disabled, followed by Europe. There are numerous private and government organisations in the US working on the mobility for disabled individual. The organisation includes Wheelers Accessible Van (WAV) Rentals, Accessible Vans of America (AVA), National Mobility Equipment Dealers Association (NMEDA) and National Highway Traffic and Transportation Safety Administration (NHTSA)
Further key findings from the report suggest
- 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 countries
- Many companies like 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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Segments covered in the report:
For the purpose of this study, Reports and Data have segmented the industry Vehicle Type, by Entry Mechanism, by Entry Configuration, by Driving Option, by Ownership, by Manufacture type and by Region:
Vehicles for Disabled by Vehicle Type (Revenue, USD Million; 2016–2026)
- Adaptive 4 wheeler
- Passenger cars
- Pickup
- Mobility Scooters
Vehicles for Entry Mechanism (Revenue, USD Million; 2016–2026)
- Ramp
- Foldout ram
- Power ram
- Lifting equipment
Vehicles for Disabled by Entry Configuration (Revenue, USD Million; 2016–2026)
- Side
- Rear
Vehicles for Disabled by Driving Option (Revenue, USD Million; 2016–2026)
- Driving on Swivel Seat
- Driving through Wheelchair
- Driving on Normal Seat
Vehicles for Disabled by Ownership (Revenue, USD Million; 2016–2026)
- Rental, Lease, Hire
- Personal
Vehicles for Disabled by Manufacture Type (Revenue, USD Million; 2016–2026)
- OEM
- Third Party Customization
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Regional Outlook (Revenue in USD Billion; 2016–2026)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
- Brazil
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