Market Overview:
The global powerchairs 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 prevalence of disabilities, rising geriatric population, and growing demand for technologically advanced powerchairs. By type, the foldable wheelchair segment is expected to dominate the global powerchairs market during the forecast period. This segment is projected to grow at a CAGR of 8% from 2018 to 2030. By application, the hospital segment is expected to dominate the global powerchairs market during the forecast period.
Product Definition:
A powerchair, also known as an electric wheelchair, is a chair that is propelled by electric motors. They are often used by people with mobility issues, such as those who are unable to walk or have difficulty walking.
Foldable Wheelchair:
Foldable wheelchairs are those electric or manual vehicles that can be converted into a chair by unfolding and collapsing into a small size. These devices are mainly designed for indoor use, but some models also have rear wheels that can be removed to enable the usage of the device as a mobility scooter.
Unfoldable Wheelchair:
Unfoldable wheelchairs are those wheelchairs which can be converted into a flat position, thus providing more space for passengers. These types of wheelchairs are mostly used in airplanes and train stations. The primary benefit of an unfoldable wheelchair is that it takes up less space when not in use, thus making it easier to store or carry around.
Application Insights:
The other application segment includes commercial places, such as shopping malls and hotels. Powerchairs are mostly used in the home owing to a higher level of comfortability provided by these devices over wheelchairs. However, hospitals were the largest application segment for power chairs in 2017 with around 70% of total revenue coming from this sector. The growing geriatric population across countries, such as Japan and China is expected to drive demand for power chairs in Japan and China over the forecast period.
Hospitality was one of the fastest-growing segments with an estimated CAGR exceeding 9% from 2018 to 2030 globally due to rising investments by companies including Blue Ocean Global Cruises Ltd., EOS Cruise Lines Inc., Carnival Corporation & plc., Royal Caribbean International Ltd., Celebrity Cruises Inc., Costa Crociere spa Costa S.p.A.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well. This can be attributed to increasing R&D activities, growing awareness about powerchairs, and supportive government initiatives in this region. For instance, Powerchair accessible buildings act promotes access for people with disabilities into places of public accommodation including offices and stores in North America thereby enabling them to use powerchairs instead of manual wheelchairs or other assistive devices for mobility purposes.
Asia Pacific is anticipated to witness significant growth during the forecast period owing to rising disposable income coupled with improving healthcare infrastructure and growing population aged 65 years.
Growth Factors:
- Increasing elderly population: The global elderly population is expected to grow at a CAGR of 6.5% from 2016 to 2020, owing to the increase in life expectancy and the decline in fertility rates. This will result in an increase in demand for powerchairs, as they are essential for elderly people with mobility issues.
- Rising awareness about disability: There is a growing awareness about disabilities among people across the world, which is resulting in an increase in demand for powerchairs. In addition, governments are also providing subsidies and other benefits to help disabled people purchase powerchairs.
- Technological advancements: The technological advancements taking place within the powerchair industry are helping manufacturers develop better products that cater to the needs of different types of users. This is resulting in an increased adoption of powerchairs by both disabled and able-bodied individuals alike.
- owing to rising income levels and increasing prevalence of chronic diseases across the world . This will lead to more people opting for expensive medical treatments such as powered wheelchairs , thereby driving market growth . 5) Increasing number of wheelchair users : According To World Health Oragnization (WHO), there were around 100 million wheelchair users worldwide as on 2015 .This number i s projected t o reach 150 million by 2020 , thus creating a huge potential market for powe r chairs
Scope Of The Report
Report Attributes
Report Details
Report Title
Powerchairs Market Research Report
By Type
Foldable Wheelchair, Unfoldable Wheelchair
By Application
Hospital, Home, Other
By Companies
Permobil Corp, Pride Mobility, Invacare Corp, Sunrise Medical, Ottobock, Hoveround Corp, Merits Health Products, Drive Medical, N.V. Vermeiren, EZ Lite Cruiser, Heartway, Golden Technologies, Karman
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
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Powerchairs Market Report Segments:
The global Powerchairs market is segmented on the basis of:
Types
Foldable Wheelchair, Unfoldable Wheelchair
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
Hospital, Home, Other
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:
- Permobil Corp
- Pride Mobility
- Invacare Corp
- Sunrise Medical
- Ottobock
- Hoveround Corp
- Merits Health Products
- Drive Medical
- N.V. Vermeiren
- EZ Lite Cruiser
- Heartway
- Golden Technologies
- Karman
Highlights of The Powerchairs 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:
- Foldable Wheelchair
- Unfoldable Wheelchair
- By Application:
- Hospital
- Home
- Other
- 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 Powerchairs 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?
Powerchairs are a type of mobility device that allow people with disabilities to move around independently. They typically have two seats and are powered by an engine.
Some of the major players in the powerchairs market are Permobil Corp, Pride Mobility, Invacare Corp, Sunrise Medical, Ottobock, Hoveround Corp, Merits Health Products, Drive Medical, N.V. Vermeiren, EZ Lite Cruiser, Heartway, Golden Technologies, Karman.
The powerchairs 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 Powerchairs 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 Powerchairs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Powerchairs 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 Powerchairs 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 Powerchairs Market Size & Forecast, 2020-2028
4.5.1 Powerchairs Market Size and Y-o-Y Growth
4.5.2 Powerchairs 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 Foldable Wheelchair
5.2.2 Unfoldable Wheelchair
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 Hospital
6.2.2 Home
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Powerchairs 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 Powerchairs 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 Foldable Wheelchair
9.6.2 Unfoldable Wheelchair
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 Hospital
9.10.2 Home
9.10.3 Other
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 Foldable Wheelchair
10.6.2 Unfoldable Wheelchair
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 Hospital
10.10.2 Home
10.10.3 Other
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 Foldable Wheelchair
11.6.2 Unfoldable Wheelchair
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 Hospital
11.10.2 Home
11.10.3 Other
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 Foldable Wheelchair
12.6.2 Unfoldable Wheelchair
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 Hospital
12.10.2 Home
12.10.3 Other
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 Foldable Wheelchair
13.6.2 Unfoldable Wheelchair
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 Hospital
13.10.2 Home
13.10.3 Other
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 Powerchairs Market: Competitive Dashboard
14.2 Global Powerchairs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Permobil Corp
14.3.2 Pride Mobility
14.3.3 Invacare Corp
14.3.4 Sunrise Medical
14.3.5 Ottobock
14.3.6 Hoveround Corp
14.3.7 Merits Health Products
14.3.8 Drive Medical
14.3.9 N.V. Vermeiren
14.3.10 EZ Lite Cruiser
14.3.11 Heartway
14.3.12 Golden Technologies
14.3.13 Karman
