Global Power-Assisted Wheelchairs Market Size, Share, Price, Growth, Demand, Analysis, Forecast 2021-2026 – FortBendNow
Expert Market Research’s new report titled, ‘Global Power-Assisted Wheelchairs Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global Power-Assisted Wheelchairs market, assessing the market based on its segments such as type, distribution channel, and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
Note 1: For an overview of primary and secondary market data (2016-2026), along with business strategies and detailed market segmentation, please click on the sample demand report. The sample report will be delivered to you within 24 hours.
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Key highlights of the report include:
Market Overview (2016-2026)
- Historical market size (2020) – USD 6.1 billion (wheelchair market)
- Forecast CAGR (2021-2026) – 5.2%
- Forecast Market Size (2021-2026) – USD 8.3 Billion (Wheelchair Market)
The power-assisted wheelchair industry is mainly driven by increasing investment by health institutes in improving their facilities for consumers. The rapid rise of wheelchair sports with the introduction of more and more tournaments is boosting the growth of the market. Moreover, the growing geriatric population is also giving a boost to the demand for these wheelchairs. Moreover, the growing demand for user-specific power-assisted wheelchairs is going to significantly increase the growth rate over the forecast period.
Industry definition and major segments
Power-assisted wheelchairs are electric wheelchairs that run on intelligent software motors that provide intuitive assistance. The growing popularity of these wheelchairs is due to their ability to maneuver through inclines and declines, user specific designs and much more. The ability to move across different terrains and configure themselves based on motion has gradually boosted the growth rate of the power-assisted wheelchair market.
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By Type, the market can be split into:
- Towing Power Additions (Front-Wheel Drive)
- Push power add-ons (back dive)
- Rotate the rear wheels by additional motorized rollers
- Built into the wheels of the wheelchair
On the basis of distribution channel, the industry can be divided as follows:
Regional markets for the product include the following:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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The growth of the industry is likely to be driven by the increasing technological advancements in the industry. The introduction of a wider range of products with improved qualities along with affordable prices is expected to provide impetus for the growth of the market. The growing popularity of wheelchair sports such as wheelchair basketball, tennis, etc. and tournaments such as the Paralympic Games greatly improve the growth rate of the power-assisted wheelchair industry. With the ability to cater to different types of abilities by being designed to be user specific and adaptable, there is a growing demand for power assisted wheelchairs. Key players investing in all-terrain adaptable wheelchairs are expected to drive the growth rate over the forecast period.
Main market players
Major market players include Alber GmbH, Permobil AB, Todo Works Corp, Batec Mobility SL, Klaxon Mobility GmbH, Sunrise Medical, and Yamaha Motor Corporation, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
Note 2: As the novel coronavirus (COVID-19) continues to spread across the globe, our analysts are continuously monitoring the impact of this rapidly evolving situation on markets and consumer buying behaviors. Thus, our latest estimates and analysis on current market trends and forecasts will comprehensively reflect the effects of this emerging pandemic.
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