Market Overview:
The global adaptive wheel market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for adaptive wheels in wheelchairs, bicycles, and other applications. Steel is the most commonly used material for manufacturing adaptive wheels and is expected to dominate the market during the forecast period. Alloy is also a major type of material used for manufacturing adaptive wheels and is projected to grow at a high rate during the forecast period.
Product Definition:
The adaptive wheel is an essential component of a wheelchair. It allows the chair to move smoothly over uneven surfaces.
Steel:
Steel is a metal and has different forms such as cast iron, pig iron, steel sheet and carbon steel. It can be cold-rolled or hot-rolled depending on the application. Cold rolling reduces the size of the grain but keeps its shape whereas hot rolling makes it round in shape. Steel with low carbon content is known as mild steel; while that with high carbon content is known as stainless steel.
Alloy:
Alloy is a material that has more than one metal in it. It can be created by mixing different metals or by adding other materials to the base metal. The most common alloys are iron-brass, iron-zinc, and steel-brass. Iron-brass is the alloy of 60% of pure iron and 40% of pure brass; it gives good corrosion resistance but poor ductility due to its high strength.
Application Insights:
The others application segment includes electric wheelchairs, scooters and bicycles. The adaptive bicycle is designed in a way that it can support the user with different abilities. This helps in providing a comfortable ride to the person who uses it. The wheelchair segment is expected to witness significant growth owing to rising demand for mobility solutions among patients after they have been diagnosed with spinal cord injuries or diseases at an early stage, thus enabling them to lead a normal life.
The growing awareness about health issues related to obesity and physical inactivity coupled with rising spending capacity of consumers are expected drive the market over the forecast period. Adaptive wheels are used by people who have difficulty walking due largely or completely disabled from spinal cord injuries or diseases caused due to accidents and wars that leave them paralysed from waist down up against their will by using mechanical aids which include wheelchairs, walkers etc.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The growing number of people suffering from chronic diseases such as diabetes, arthritis, and Parkinson’s disease is expected to drive the demand for adaptive wheelchairs in this region. In addition, increasing R&D activities by various organizations are focusing on developing advanced wheelchairs that can be driven using only minimal assistance from others is anticipated to fuel the regional product demand over the forecast period.
Europe accounted for a significant share of revenue and is expected to grow at a CAGR close to 6% during the forecast period owing to rising geriatric population base which requires high-quality medical products such as adaptive wheels for independent mobility assistance. Moreover, presence of well-established healthcare facilities along with supportive government initiatives aimed at improving access & quality standards are likely boost regional growth over next eight years.
Growth Factors:
- Increasing demand for electric vehicles
- Rising disposable income of consumers
- Growing awareness about the benefits of adaptive wheels
- Technological advancements in the field of adaptive wheel technology
- Government initiatives and policies supporting electric vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Adaptive Wheel Market Research Report
By Type
Steel, Alloy, Others
By Application
Wheelchairs, Bicycle, Others
By Companies
Ocelco, SoftWheel, CEW, Invacare, Permobil, Pride Mobility Products, GF HEALTH PRODUCTS, Hoveround Corporation, LEVO, Ocelco
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
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Adaptive Wheel Market Report Segments:
The global Adaptive Wheel market is segmented on the basis of:
Types
Steel, Alloy, Others
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
Wheelchairs, Bicycle, Others
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:
- Ocelco
- SoftWheel
- CEW
- Invacare
- Permobil
- Pride Mobility Products
- GF HEALTH PRODUCTS
- Hoveround Corporation
- LEVO
- Ocelco
Highlights of The Adaptive Wheel 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:
- Steel
- Alloy
- Others
- By Application:
- Wheelchairs
- Bicycle
- Others
- 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 Adaptive Wheel 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.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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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?
Adaptive Wheel is a new type of wheel that can change its shape to better fit the terrain. This could make it easier for people to walk and bike on different types of surfaces, such as sidewalks, roads, and trails.
Some of the major companies in the adaptive wheel market are Ocelco, SoftWheel, CEW, Invacare, Permobil, Pride Mobility Products, GF HEALTH PRODUCTS, Hoveround Corporation, LEVO, Ocelco.
The adaptive wheel market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Adaptive Wheel 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 Adaptive Wheel Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Adaptive Wheel 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 Adaptive Wheel 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 Adaptive Wheel Market Size & Forecast, 2018-2028 4.5.1 Adaptive Wheel Market Size and Y-o-Y Growth 4.5.2 Adaptive Wheel Market Absolute $ Opportunity
Chapter 5 Global Adaptive Wheel 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 Adaptive Wheel Market Size Forecast by Type
5.2.1 Steel
5.2.2 Alloy
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Adaptive Wheel 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 Adaptive Wheel Market Size Forecast by Applications
6.2.1 Wheelchairs
6.2.2 Bicycle
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Adaptive Wheel 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 Adaptive Wheel 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 Adaptive Wheel Analysis and Forecast
9.1 Introduction
9.2 North America Adaptive Wheel 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 Adaptive Wheel Market Size Forecast by Type
9.6.1 Steel
9.6.2 Alloy
9.6.3 Others
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 Adaptive Wheel Market Size Forecast by Applications
9.10.1 Wheelchairs
9.10.2 Bicycle
9.10.3 Others
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 Adaptive Wheel Analysis and Forecast
10.1 Introduction
10.2 Europe Adaptive Wheel 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 Adaptive Wheel Market Size Forecast by Type
10.6.1 Steel
10.6.2 Alloy
10.6.3 Others
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 Adaptive Wheel Market Size Forecast by Applications
10.10.1 Wheelchairs
10.10.2 Bicycle
10.10.3 Others
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 Adaptive Wheel Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Adaptive Wheel 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 Adaptive Wheel Market Size Forecast by Type
11.6.1 Steel
11.6.2 Alloy
11.6.3 Others
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 Adaptive Wheel Market Size Forecast by Applications
11.10.1 Wheelchairs
11.10.2 Bicycle
11.10.3 Others
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 Adaptive Wheel Analysis and Forecast
12.1 Introduction
12.2 Latin America Adaptive Wheel 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 Adaptive Wheel Market Size Forecast by Type
12.6.1 Steel
12.6.2 Alloy
12.6.3 Others
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 Adaptive Wheel Market Size Forecast by Applications
12.10.1 Wheelchairs
12.10.2 Bicycle
12.10.3 Others
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) Adaptive Wheel Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Adaptive Wheel 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) Adaptive Wheel Market Size Forecast by Type
13.6.1 Steel
13.6.2 Alloy
13.6.3 Others
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) Adaptive Wheel Market Size Forecast by Applications
13.10.1 Wheelchairs
13.10.2 Bicycle
13.10.3 Others
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 Adaptive Wheel Market: Competitive Dashboard
14.2 Global Adaptive Wheel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ocelco
14.3.2 SoftWheel
14.3.3 CEW
14.3.4 Invacare
14.3.5 Permobil
14.3.6 Pride Mobility Products
14.3.7 GF HEALTH PRODUCTS
14.3.8 Hoveround Corporation
14.3.9 LEVO
14.3.10 Ocelco