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Market trends – improving healthcare infrastructure and facilities, APAC is expected to register the highest market share during the forecast period
NEW YORK, NY, USA, April 22, 2022 /EINPresswire.com/ — The vehicles for the disabled market was valued at USD 2,970.0 million in 2020 and is projected to reach USD 7,038.5 million by 2028, at a CAGR of 11.30% CAGR during the forecast period (2018 to 2028). The growing emphasis on equality for people with disabilities in terms of mobility and accessibility solutions and improving healthcare infrastructure in developing and developed countries is expected to drive the growth of the market. However, the high cost of equipment and less medical care are seen as obstacles to its growth.
Disabled vehicles are basically vehicles equipped with an autonomous wheelchair, their purpose is to transport or move a disabled person from one place to a desired location. The car’s wheelchair is equipped with a scanning ultrasonic range finder, a digital camera and an on-board microcomputer. Disabled vehicles have a wide ramp and more height compared to normal vehicles, in order to facilitate the entry and exit of the disabled person. The vehicle is equipped with a lockable tailgate with an easy release handle that secures manual unfolding for a slam-free and safe ride.
The adaptive four-wheel vehicle segment of the disabled vehicle market is led by global and regional players such as Vantage Mobility International (US), Toyota Motor Corporation (Japan), Revability (US), BraunAbility ( USA) and Mobility Works (US).
In the region, the North American region is expected to be the leading market for disabled vehicles, followed by Europe. There are many private and government organizations in the United States that work on disability mobility. The organization includes Wheelers Accessible Van (WAV) Rentals, Accessible Vans of America (AVA), National Mobility Equipment Dealers Association (NMEDA), and National Highway Traffic and Transportation Safety Administration (NHTSA)
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Other key findings from the report suggest
By vehicle type, the mobility scooter segment is expected to be the fastest growing segment in the disabled vehicle market. Mobility scooters are electric or electric vehicles/scooters that have a seat on three/four/five wheels which are believed to be the best mobility solution for people with disabilities to travel shorter distances in terms of performing a daily task
Many mobility scooter manufacturers are investing in research and development to come up with more innovative products to appeal to people with disabilities
Rising demand for mobility solutions for people with disabilities that help to independently perform routine tasks to propel the growth of mobility scooter segment over the forecast period
There have been many advancements to increase the efficiency of mobility scooters. For example, mobility scooters can move at a speed of 4 to 8 mph, and one can adjust the height of the vehicle’s seat according to the height of the disabled person.
Technological advancements and government policies adopted by economically developed countries such as the United States and Canada are likely to drive the demand for disabled vehicles in the North American region.
In 2018, the North America region accounted for the highest share of the disabled vehicles market, followed by Europe. Developed economies like the United States and Canada, along with local players like Vantage Mobility International, Braunability, Revability, Inc., and Mobility Work, North America, are driving the market.
Major car-sharing/car-call service providers in the US and Canada are finding ways to explore this market through the introduction of wheelchair accessible vehicle (WAV) taxi services
Asia-Pacific is expected to witness the highest growth, followed by Europe and North America during the forecast period. The vehicles for the growth of the disability market in the region can also be boosted by the growing awareness of mobility solutions, the development of healthcare infrastructure as well as several initiatives of governments and private organizations in the countries.
Many companies like Toyota Motor Corporation (Japan), Vantage Mobility International (USA), BraunAbility (USA), Revability (USA), Mobility Works (USA), Pride Mobility (USA), Sunrise Medical Holdings (Germany), Invacare (USA), KYMCO Global (Taiwan) and Amigo Mobility International (USA) and others operate in the disabled vehicle market
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The report also offers detailed information on market segmentation based on type, application and regional bifurcation:
Disabled Vehicles Market Segmentation:
Disabled Vehicles by Vehicle Type (Revenue, USD Million; 2018-2028)
4 wheels adaptive
To pick up
Entry Mechanism Vehicles (Revenue, USD Million; 2018-2028)
Disabled Vehicles by Entry Configuration (Revenue, USD Million; 2018-2028)
Disabled Vehicles by Driving Option (Revenue, USD Million; 2018-2028)
Driving on a swivel seat
Driving in a wheelchair
Driving on normal seat
Disabled Vehicles by Ownership (Revenue, USD Million; 2018-2028)
Rental, lease, rental
Disabled Vehicles by Manufacturing Type (Revenue, USD Million; 2018-2028)
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The rest of Europe
Rest of APAC
Rest of LATAM
Middle East and Africa
United Arab Emirates
Rest of MEA
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