Market Overview:
The global electric power wheelchairs market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The increasing demand for electric power wheelchairs from the residential, commercial, and medical applications is driving the growth of this market. The load capacity less than 150 kg segment is expected to grow at the highest CAGR during the forecast period, owing to its low cost and easy maneuverability. However, in terms of revenue share, the load capacity more than 250 kg segment is expected to dominate the global electric power wheelchairs market during 2018-2030.
Product Definition:
Electric power wheelchairs are battery powered chairs that provide mobility for people who are unable to walk. They come in a variety of sizes and styles, and can be used both indoors and outdoors. Electric power wheelchairs are important for providing mobility to people who would otherwise be confined to a wheelchair or bed.
Load Capacity Less Than 150 Kg:
The global market for electric power wheelchairs is expected to witness significant growth over the forecast period. The increasing geriatric population, rising awareness regarding disability and technological advancements are some of the factors driving the market.
Load capacity less than 150 kg is a type of electric powered wheelchair that has high maneuverability and can go up and down steps easily.
Load Capacity 150-250 Kg:
The load capacity of 150-250 kg is used in electric power wheelchairs. The weight capacity of the vehicle should not exceed 300 kg for safety reasons. A power wheelchair has a motor and a control system that enables it to drive on the streets without any human intervention. These vehicles are battery powered and have one or more wheels as well as an adjustable handlebar for comfortability and seating position.
Application Insights:
The commercial application segment dominated the global electric power wheelchairs market in 2017. The segment is expected to witness significant growth over the forecast period owing to rising demand from geriatric population, especially in Japan and China. In addition, increasing number of hospitals and clinics coupled with rising healthcare costs is anticipated to drive the product demand from commercial applications over the forecast period.
Medical application of electric power wheelchairs accounted for a share of 15% in 2017 owing to growing awareness about E-wheelchairs among patients suffering from mobility disabilities as well as their families. Furthermore, favorable government regulations regarding medical equipment are further likely to boost product penetration among medical institutions globally.
Regional Analysis:
North America dominated the global market in 2017 owing to increasing demand for electric wheelchairs due to rising geriatric population and awareness about their disabilities. The region is expected to witness a CAGR of XX% during the forecast period. Increasing government funding and R&D investments by major companies are projected to fuel growth in this region. For instance, in September 2018, Stryker Corporation received USD X million funding from Horizon 2020 Canada program for developing next-generation power wheelchairs with enhanced safety features.
Asia Pacific is anticipated to be one of the fastest growing regions during the same period owing as there is a huge base of geriatric population which requires power wheelchairs for mobility purposes.
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 electric power wheelchairs, as they are more suitable for elderly people than manual wheelchairs.
- Rising prevalence of chronic diseases: The prevalence of chronic diseases such as arthritis, multiple sclerosis (MS), cerebral palsy, and spinal cord injuries is increasing globally, which is leading to an increase in demand for electric power wheelchairs.
- Technological advancements: Electric power wheelchair manufacturers are constantly innovating their products with new features such as lightweight construction, automatic braking systems, adjustable seating options, etc., which is resulting in increased adoption rates among consumers worldwide.
- Government initiatives supporting disability inclusion: Governments around the world are taking initiatives to support disability inclusion by providing funds for purchasing electric power wheelchairs and other assistive devices through schemes such as DisabilityCare Australia (formerly known as National Disability Insurance Scheme) and Social Services Block Grant Programmes in the US . This is aiding the growth of the electric power wheelchair market globally.. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Power Wheelchairs Market Research Report
By Type
Load Capacity Less Than 150 Kg, Load Capacity 150-250 Kg, Load Capacity More Than 250 Kg
By Application
Residential, Commercial, Medical
By Companies
Invacare, KYMCO Healthcare, ORTHOS XXI, TGR, Sowecare, Guangdong Kareway Medical Technology, Sunrise Medical, Permobil, PROGEO, Comfort Orthopedic, MEYRA GROUP, DEKA Research, Nuova Blandino
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
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Electric Power Wheelchairs Market Report Segments:
The global Electric Power Wheelchairs market is segmented on the basis of:
Types
Load Capacity Less Than 150 Kg, Load Capacity 150-250 Kg, Load Capacity More Than 250 Kg
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
Residential, Commercial, Medical
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:
- Invacare
- KYMCO Healthcare
- ORTHOS XXI
- TGR
- Sowecare
- Guangdong Kareway Medical Technology
- Sunrise Medical
- Permobil
- PROGEO
- Comfort Orthopedic
- MEYRA GROUP
- DEKA Research
- Nuova Blandino
Highlights of The Electric Power Wheelchairs 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:
- Load Capacity Less Than 150 Kg
- Load Capacity 150-250 Kg
- Load Capacity More Than 250 Kg
- By Application:
- Residential
- Commercial
- Medical
- 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 Electric Power Wheelchairs 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Electric power wheelchairs are powered by an electric motor that helps the chair move. They come in a variety of styles and sizes, and can be used for a variety of purposes, including mobility assistance, recreational use, and medical use.
Some of the major players in the electric power wheelchairs market are Invacare, KYMCO Healthcare, ORTHOS XXI, TGR, Sowecare, Guangdong Kareway Medical Technology, Sunrise Medical, Permobil, PROGEO, Comfort Orthopedic, MEYRA GROUP, DEKA Research, Nuova Blandino.
The electric power wheelchairs 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 Electric Power Wheelchairs 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 Electric Power Wheelchairs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Power Wheelchairs 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 Electric Power Wheelchairs 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 Electric Power Wheelchairs Market Size & Forecast, 2020-2028
4.5.1 Electric Power Wheelchairs Market Size and Y-o-Y Growth
4.5.2 Electric Power Wheelchairs 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 Load Capacity Less Than 150 Kg
5.2.2 Load Capacity 150-250 Kg
5.2.3 Load Capacity More Than 250 Kg
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 Residential
6.2.2 Commercial
6.2.3 Medical
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Power Wheelchairs 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 Electric Power Wheelchairs 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 Load Capacity Less Than 150 Kg
9.6.2 Load Capacity 150-250 Kg
9.6.3 Load Capacity More Than 250 Kg
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 Residential
9.10.2 Commercial
9.10.3 Medical
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 Load Capacity Less Than 150 Kg
10.6.2 Load Capacity 150-250 Kg
10.6.3 Load Capacity More Than 250 Kg
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 Residential
10.10.2 Commercial
10.10.3 Medical
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 Load Capacity Less Than 150 Kg
11.6.2 Load Capacity 150-250 Kg
11.6.3 Load Capacity More Than 250 Kg
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 Residential
11.10.2 Commercial
11.10.3 Medical
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 Load Capacity Less Than 150 Kg
12.6.2 Load Capacity 150-250 Kg
12.6.3 Load Capacity More Than 250 Kg
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 Residential
12.10.2 Commercial
12.10.3 Medical
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 Load Capacity Less Than 150 Kg
13.6.2 Load Capacity 150-250 Kg
13.6.3 Load Capacity More Than 250 Kg
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 Residential
13.10.2 Commercial
13.10.3 Medical
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 Electric Power Wheelchairs Market: Competitive Dashboard
14.2 Global Electric Power Wheelchairs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Invacare
14.3.2 KYMCO Healthcare
14.3.3 ORTHOS XXI
14.3.4 TGR
14.3.5 Sowecare
14.3.6 Guangdong Kareway Medical Technology
14.3.7 Sunrise Medical
14.3.8 Permobil
14.3.9 PROGEO
14.3.10 Comfort Orthopedic
14.3.11 MEYRA GROUP
14.3.12 DEKA Research
14.3.13 Nuova Blandino
