Uploaded on Aug 19, 2019
Vehicles for Disabled Market by Vehicle Type (Adaptive Four-Wheeler, Mobility Scooter), Manufacturer Type (OEM and Third-Party Customization), Entry Mechanism, Entry Configuration, Driving Option, Ownership, and Region - Global Forecast to 2027
Vehicles for Disabled Market worth $6.3 billion by 2027
MarketsandMarkets
Presents
Vehicles for Disabled Market worth
$6.3 billion by 2027
https://
www.marketsandmarkets.com/Market-Reports/vehicle-disabled-mark
et-5661143.html
The report "Vehicles for Disabled Market by Vehicle Type (Adaptive
Four-Wheeler, Mobility Scooter), Manufacturer Type (OEM and
Third-Party Customization), Entry Mechanism, Entry
Configuration, Driving Option, Ownership, and Region - Global
Forecast to 2027" The global vehicles for disabled market is projected
to grow from USD 2.6 billion in 2019 to reach USD 6.3 billion by 2027, at
a CAGR of 11.7%.
The growth of vehicles for disabled market is influenced by factors such
as the growing population of disabled people, aging population of baby
boomers, increasing awareness for mobility solutions provided to
disabled people, and government-supported schemes & funding.
Technological advancements in mobility solutions for disabled people,
increasing rates of knee & spine disorders, and rising accidental rates are
some of the major factors driving the growth of vehicles for disabled
people. Thus, the vehicles for disabled market is expected to witness
significant growth in the future.
Browse 50 market data Tables and 30 Figures spread
through 120 Pages and in-depth TOC on "Vehicles for Disabled
Market”
Get The PDF Brochure For This Report @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=5661143
North American is expected to lead the global market during the
forecast period
North America is expected to be the largest market during the forecast
period. The market growth can be attributed to the rising population of
aged baby boomers, increase in the sense of self-reliability among
disabled people to perform their task, increase in health issues like
obesity & arthritis, and several funding schemes and initiatives by
governments of respective countries.
In the US, there are various organizations and groups which support the
disabled people to provide them easy mobility solutions. This group
includes National Mobility Equipment Dealers Association (NMEDA) which
is a trade group of companies that sell adaptive driving equipment and
National Highway Traffic and Transportation Safety Administration that
offers advice on driver training, vehicle selection, and vehicle
modification.
In the coming years, North American is likely to grow significantly from
the rising demand for user-friendly accessible vehicles due to extensive
technological advancements in mobility solutions such as the
development of autonomous vehicles for disabled people and
advancements in terms of accessibility such as seating, vehicle entry,
and driving aids.
To speak to our analyst for a discussion on the above findings, click
Speak to Analyst
Mobility scooter market is expected to grow at the highest CAGR
Mobility scooters are expected to be the fastest-growing segment within this
market. These scooters are power-operated scooter/vehicle or electric
scooter which has a seat over three, four/five wheels which are considered as
the best solution for mobility of disabled to travel short distances in terms of
performing a daily routine task. The market is mainly driven by the aging
population in developed countries, an increase in incidences of knee & spine
disorders, rising accidental cases, and growing government organizations.
Also, the availability of mobility scooters in various style, design & features
has increased the attention of consumers towards mobility scooters.
Asia Pacific: Japan is expected to lead the Asia Pacific market
The Asia Pacific region is estimated to be the highest growing market. Asia
Pacific mainly comprises India, China, Japan, and South Korea. According to
the World Health Organization, about 15% of the world population–over a
billion people–have some form of disability. Of this population, around 80%
live in developing countries.
Asia Pacific comprises several developing countries which have remained
untapped markets for mobility solutions. It is expected that the market
penetration will increase in the coming years due to government initiatives to
improve healthcare infrastructure, awareness towards mobility needs, and
increase in disposable income.
The vehicle for disabled market in adaptive four-wheeler is led by
globally and regionally established players such as Toyota Motor
Corporation (Japan), Vantage Mobility International (US), BraunAbility
(US), Revability (US), and Mobility Works (US).
Request for Sample Pages @
https://
www.marketsandmarkets.com/requestsampleNew.asp?id=56611
43
Critical Questions:
• Vehicles made for disabled people have acquired with other
manufacturers for the expansion of their business globally and
technology sharing. How will this transform the overall market?
• How will developments in passenger car, SUV/MPV, and mobility
scooter by leading manufacturers will change the dynamics of this
market?
• The industry is focusing on automated technology. Which are the
leading companies who are working on automated technology, and
what organic and inorganic strategies have been adopted by them?
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high
growth niche opportunities/threats which will impact 70% to 80% of
worldwide companies’ revenues. Currently servicing 5000 customers
worldwide including 80% of global Fortune 1000 companies as clients. Almost
75,000 top officers across eight industries worldwide approach
MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking
global high growth markets following the "Growth Engagement Model – GEM".
The GEM aims at proactive collaboration with the clients to identify new
opportunities, identify most important customers, write "Attack, avoid and
defend" strategies, identify sources of incremental revenues for both the
company and its competitors. MarketsandMarkets™ now coming up with
1,500 MicroQuadrants (Positioning top players across leaders, emerging
companies, innovators, strategic players) annually in high growth emerging
segments. MarketsandMarkets™ is determined to benefit more than 10,000
companies this year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research ahead
of the curve.
hMtatrpkest:s//awndwMwa.rmkeatsr’kse fltasgasnhdipm caormkeptesti.tcivoem i/nMteallrigkentc-eR eapnod rmtsa/vrkeeht icrelese-daricsha ble
pdl-amtfoarmke, t"-R5T6" 6c1o1n4n3ec.htst movler 200,000 markets and entire value chains for
deeper understanding of the unmet insights along with market sizing and
forecasts of niche markets.
Contact Us
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
MarketsandMarkets Blog
http://www.marketsandmarkets.com
http://twitter.com/marketsmarkets
http://www.linkedin.com/company/marketsandmarkets
Comments