Market Overview:
The global handcycles market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as increasing awareness about the benefits of handcycles, rising demand for electric and hybrid handcycles, and growing popularity of wheelchair hand bikes among people with disabilities. The global Handcycles Market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into manual handcycles, electric handcycles, and hybrid hand cycles. Electric Hand Cycles are further sub-segmented into Pedal Assist Electric Hand Cycles (PAEHCs) and Throttle Control Electric Hand Cycles (TCHCs). On the basis of application,the market is divided into wheelchair-hand bikes (WHBs), sports-hand bikes (SHBs),and others which include transportation purpose etcetera .
Product Definition:
A handcycle is a human-powered vehicle that has three or four wheels and is propelled by the hands. Handcycles are used by people with disabilities, such as paraplegia, to provide mobility.
Manual:
Handcycles are manual wheeled mobility aids that are used by people with restricted upper extremities. They can be operated with one or both hands and have a maximum speed of 4.5km/h (2 miles/h). There are various types of hand cycles available in the market such as electric, throttle, manual and folding type among others which differ in terms of usage and features offered.
Electric:
Electric is the power source used in handcycles. It can be of two types: battery-powered and plug-in powered. The former is widely used as it has a longer operating time; hence, it dominates the global electric handcycle market share. On the other side, plug-in powered variants are gaining popularity due to their compact size and ease of use.
Application Insights:
The others application segment dominated the global market in 2017. This can be attributed to growing demand for electric assist bicycles in countries such as Japan, China and Australia due to rising awareness about health issues among the geriatric population. In addition, increasing government initiatives towards promoting physical activity among adults is expected to boost the demand for handcycles over the forecast period.
Sports handbikes accounted for a significant share of revenue on account of high participation rates by athletes with disabilities at international level including Paralympics Games and able-bodied athletes participating in Special Olympics World Games. Furthermore, sports organizations such as International Sports Organization (ISO) have been encouraging governments across various regions to develop policies supporting inclusion of people with disabilities at all levels of sports activities through standards setting bodies like International Wheelchair Sport Federation (IWSA). Such initiatives are anticipated to increase product penetration over next seven years thereby driving growth during this period.
In addition, rising number of road accidents has led authorities across various regions including Europe.
Regional Analysis:
North America dominated the global market in 2017 owing to favorable government initiatives and increasing demand for handcycles. For instance, in 2015, the city of Toronto announced a plan to make cycling as safe and convenient as possible by creating a network of separated bike lanes across the city. The initiative was taken after extensive research on how best to encourage cyclists while ensuring their safety from traffic injuries. This is expected to drive demand for handcycles over the forecast period.
Asia Pacific is expected to be one of fastest-growing regions due high population growth and rising disposable income levels especially in China & India; these countries are also developing economies with large urban centers thus making them ideal markets for electric assist bicycles that can travel longer distances between charges than manual or hybrid bicycle counterparts thereby driving adoption rates over the forecast period. In addition, supportive government regulations such as e-bike policies are further anticipated propel regional market growth over next eight years to 2030 (estimated CAGR).
Growth Factors:
- Increasing awareness about the benefits of handcycles for people with disabilities
- Growing demand from aging population and rehabilitation centers
- Technological advancements in handcycle design and manufacturing
- Rising popularity of outdoor activities and adventure sports
- Government initiatives to promote use of handcycles among people with disabilities
Scope Of The Report
Report Attributes
Report Details
Report Title
Handcycles Market Research Report
By Type
Manual, Electric, Hybrid
By Application
Wheelchair Hand Bikes, Sports Hand Bikes, Others
By Companies
Sunrise Medical (CA) LLC, Stricker-Handbikes, EPC Wheelchairs, Top End, RGK Wheelchairs, MMS Medical, BATEC MOBILITY S.L., ICE
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Handcycles Market Report Segments:
The global Handcycles market is segmented on the basis of:
Types
Manual, Electric, Hybrid
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
Wheelchair Hand Bikes, Sports Hand Bikes, 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:
- Sunrise Medical (CA) LLC
- Stricker-Handbikes
- EPC Wheelchairs
- Top End
- RGK Wheelchairs
- MMS Medical
- BATEC MOBILITY S.L.
- ICE
Highlights of The Handcycles 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:
- Manual
- Electric
- Hybrid
- By Application:
- Wheelchair Hand Bikes
- Sports Hand Bikes
- 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 Handcycles 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?
Handcycles are bicycles that have been designed to be ridden with one hand. They are typically smaller and lighter than traditional bicycles, making them easier to maneuver.
Some of the major companies in the handcycles market are Sunrise Medical (CA) LLC, Stricker-Handbikes, EPC Wheelchairs, Top End, RGK Wheelchairs, MMS Medical, BATEC MOBILITY S.L., ICE.
The handcycles market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Handcycles Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Handcycles Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Handcycles Market - Supply Chain
4.5. Global Handcycles Market Forecast
4.5.1. Handcycles Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Handcycles Market Size (000 Units) and Y-o-Y Growth
4.5.3. Handcycles Market Absolute $ Opportunity
5. Global Handcycles Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Handcycles Market Size and Volume Forecast by Type
5.3.1. Manual
5.3.2. Electric
5.3.3. Hybrid
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Handcycles Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Handcycles Market Size and Volume Forecast by Application
6.3.1. Wheelchair Hand Bikes
6.3.2. Sports Hand Bikes
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Handcycles Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Handcycles Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Handcycles Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Handcycles Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Handcycles Demand Share Forecast, 2019-2026
9. North America Handcycles Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Handcycles Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Handcycles Market Size and Volume Forecast by Application
9.4.1. Wheelchair Hand Bikes
9.4.2. Sports Hand Bikes
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Handcycles Market Size and Volume Forecast by Type
9.7.1. Manual
9.7.2. Electric
9.7.3. Hybrid
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Handcycles Demand Share Forecast, 2019-2026
10. Latin America Handcycles Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Handcycles Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Handcycles Market Size and Volume Forecast by Application
10.4.1. Wheelchair Hand Bikes
10.4.2. Sports Hand Bikes
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Handcycles Market Size and Volume Forecast by Type
10.7.1. Manual
10.7.2. Electric
10.7.3. Hybrid
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Handcycles Demand Share Forecast, 2019-2026
11. Europe Handcycles Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Handcycles Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Handcycles Market Size and Volume Forecast by Application
11.4.1. Wheelchair Hand Bikes
11.4.2. Sports Hand Bikes
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Handcycles Market Size and Volume Forecast by Type
11.7.1. Manual
11.7.2. Electric
11.7.3. Hybrid
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Handcycles Demand Share, 2019-2026
12. Asia Pacific Handcycles Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Handcycles Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Handcycles Market Size and Volume Forecast by Application
12.4.1. Wheelchair Hand Bikes
12.4.2. Sports Hand Bikes
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Handcycles Market Size and Volume Forecast by Type
12.7.1. Manual
12.7.2. Electric
12.7.3. Hybrid
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Handcycles Demand Share, 2019-2026
13. Middle East & Africa Handcycles Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Handcycles Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Handcycles Market Size and Volume Forecast by Application
13.4.1. Wheelchair Hand Bikes
13.4.2. Sports Hand Bikes
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Handcycles Market Size and Volume Forecast by Type
13.7.1. Manual
13.7.2. Electric
13.7.3. Hybrid
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Handcycles Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Handcycles Market: Market Share Analysis
14.2. Handcycles Distributors and Customers
14.3. Handcycles Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sunrise Medical (CA) LLC
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Stricker-Handbikes
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. EPC Wheelchairs
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Top End
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. RGK Wheelchairs
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. MMS Medical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. BATEC MOBILITY S.L.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ICE
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
