Market Overview:
The global group 2 powered mobility devices market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing geriatric population and rising prevalence of disabilities across the globe. In addition, technological advancements in powered wheelchairs and power operated vehicles are also contributing to the growth of this market. Based on type, the global group 2 powered mobility devices market is segmented into powered wheelchairs and power operated vehicles. Powered wheelchairs are further sub-segmented into standard power wheelchair, heavy-duty power wheelchair, pediatric power wheelchair and sports/recreational power wheelchair segments. Power operated vehicles are further sub-segmented into scooters, manual chairs with motors (MCMs), personal assistance vehicle (PAV) and other types of motorized chairs segments. Powered wheelchairs held a larger share of the global group 2powered mobility devices market in 2017 owing to their high demand for use among geriatric population as well as people with disabilities across all regions studied in this research study.
Product Definition:
Group 2 Powered Mobility Devices are electric wheelchairs and scooters. They are important because they provide mobility for people who cannot walk.
Powered Wheelchairs:
Powered wheelchairs are motorized wheelchairs with a rechargeable battery. They have high speed and torque, which helps them to drive over long distances. The growing geriatric population coupled with rising awareness regarding powered mobility devices is expected to be the key driving factor for market growth over the forecast period. According to statistics by WHO, in 2012, 65% of people who needed a powered wheelchair were above 60 years of age and only 5% were below 45 years of age.
Power Operated Vehicle:
Power operated vehicle (POV) is a device that provides power to drive the mobility devices such as wheelchairs, cranes, and scooters. It is also used in other powered mobility devices. The global market for Power Operated Vehicle (POV) in Group 2 Powered Mobility Devices was valued at USD 1.6 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period.
Application Insights:
The retail application segment accounted for the largest share of over 30.0% in 2017. The growing e-commerce industry has led to an increased demand for group 2 powered mobility devices that can be used by the disabled customers to accessorize their homes and shops with ease. Furthermore, increasing penetration of online shopping is expected to fuel the demand further as it provides a convenient method of purchasing goods without having to leave one's home or office.
The direct sales application segment is anticipated witness significant growth over the forecast period owing to rising awareness about accessible vehicles among manufacturers and automotive component suppliers globally, which will eventually drive product demand in this segment during future years. In addition, companies such as Honda Motor Co., Ltd have been working toward making their mobility scooters accessible through technology such as Bluetooth connectivity that will help them connect with customers directly at their doorsteps thereby driving market growth further down the roadways during future years.
Regional Analysis:
Europe dominated the global market in 2017 owing to favorable government initiatives and increasing demand for powered mobility devices. For instance, in January 2018, the UK Department of Health launched a funding scheme worth USD X million to encourage innovation and development of Powered Accessibility Vehicles (PAVs) that provide independent access to people with disabilities. The funding is provided through the Technology Strategy Board (TSB).
Asia Pacific is expected to be one of the fastest-growing regions over the forecast period due to rising geriatric population base and improving healthcare infrastructure in emerging economies such as China, India, Singapore & Malaysia. Moreover, growing awareness about Powered Mobility Devices among patients & their families will drive regional growth further. Increasing investments by public agencies such as Ministry Of Health And Family Welfare; Government Of India In Support Programmes For Disabled (ISPDP), National Programme for Control of Handicapped People; World Bank Group projects are also anticipated boost regional growth over next eight years (2030).
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, owing to the increase in life expectancy and the growth in the number of people aged 65 years and above. This will result in an increase in demand for powered mobility devices, as they help seniors maintain their independence and improve their quality of life.
- Rising prevalence of chronic diseases: The prevalence of chronic diseases such as arthritis, multiple sclerosis (MS), cerebral palsy, and Parkinson's disease is increasing globally due to changing lifestyles and aging populations. This is leading to an increased demand for powered mobility devices as they help patients with these conditions lead more independent lives.
- Technological advancements: The development of new technologies has led to the introduction of advanced powered mobility devices that are easier to use and offer a wider range of features than traditional devices. These advancements are helping boost the adoption rateofpoweredmobilitydevicesamongseniorsandpeoplewithchronicdiseasesworldwide .
Scope Of The Report
Report Attributes
Report Details
Report Title
Group 2 Powered Mobility Devices Market Research Report
By Type
Powered Wheelchairs, Power Operated Vehicle
By Application
Retail, e-commerce, Direct Sales, Veteran Affairs
By Companies
Golden Technologies, Pride Mobility, Invacare, National Seating & Mobility, Numotion, wheelchair, EZ Lite Cruiser, Shoprider, Medical Depot
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Group 2 Powered Mobility Devices Market Report Segments:
The global Group 2 Powered Mobility Devices market is segmented on the basis of:
Types
Powered Wheelchairs, Power Operated Vehicle
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retail, e-commerce, Direct Sales, Veteran Affairs
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Golden Technologies
- Pride Mobility
- Invacare
- National Seating & Mobility
- Numotion
- wheelchair
- EZ Lite Cruiser
- Shoprider
- Medical Depot
Highlights of The Group 2 Powered Mobility Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Powered Wheelchairs
- Power Operated Vehicle
- By Application:
- Retail
- e-commerce
- Direct Sales
- Veteran Affairs
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Group 2 Powered Mobility Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Group 2 Powered Mobility Devices are powered wheelchairs that can travel up to 12 mph. They are designed for people with limited mobility who need help getting around.
Some of the key players operating in the group 2 powered mobility devices market are Golden Technologies, Pride Mobility, Invacare, National Seating & Mobility, Numotion, wheelchair, EZ Lite Cruiser, Shoprider, Medical Depot.
The group 2 powered mobility devices market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Group 2 Powered Mobility Devices Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Group 2 Powered Mobility Devices Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Group 2 Powered Mobility Devices Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Group 2 Powered Mobility Devices Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Group 2 Powered Mobility Devices Market Size & Forecast, 2020-2028 4.5.1 Group 2 Powered Mobility Devices Market Size and Y-o-Y Growth 4.5.2 Group 2 Powered Mobility Devices Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Powered Wheelchairs
5.2.2 Power Operated Vehicle
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Retail
6.2.2 e-commerce
6.2.3 Direct Sales
6.2.4 Veteran Affairs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Group 2 Powered Mobility Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Group 2 Powered Mobility Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Powered Wheelchairs
9.6.2 Power Operated Vehicle
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Retail
9.10.2 e-commerce
9.10.3 Direct Sales
9.10.4 Veteran Affairs
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Powered Wheelchairs
10.6.2 Power Operated Vehicle
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Retail
10.10.2 e-commerce
10.10.3 Direct Sales
10.10.4 Veteran Affairs
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Powered Wheelchairs
11.6.2 Power Operated Vehicle
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Retail
11.10.2 e-commerce
11.10.3 Direct Sales
11.10.4 Veteran Affairs
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Powered Wheelchairs
12.6.2 Power Operated Vehicle
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Retail
12.10.2 e-commerce
12.10.3 Direct Sales
12.10.4 Veteran Affairs
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Powered Wheelchairs
13.6.2 Power Operated Vehicle
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Retail
13.10.2 e-commerce
13.10.3 Direct Sales
13.10.4 Veteran Affairs
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Group 2 Powered Mobility Devices Market: Competitive Dashboard
14.2 Global Group 2 Powered Mobility Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Golden Technologies
14.3.2 Pride Mobility
14.3.3 Invacare
14.3.4 National Seating & Mobility
14.3.5 Numotion
14.3.6 wheelchair
14.3.7 EZ Lite Cruiser
14.3.8 Shoprider
14.3.9 Medical Depot