Global Electricwheel Chair Market, By Type (Centre Wheel Drive, Front Wheel Drive, Standing, Rear Wheel Drive, Others), End-User (Hospitals, Rehab Centers, Home, Sports and Athletics), Distribution Channel (Online Distribution Channel, Offline Distribution Channel) Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029.
Market Analysis and Insights of Electricwheel Chair Market
Data Bridge Market Research analyses that the global electricwheel chair market will project a CAGR of 6.80% for the forecast period of 2022-2029. Growth and expansion of fast moving consumables goods industry especially in the developing economies, rising number of road accidents, growing disabled population base and increasing personal disposable income are the major factors attributable to the growth of electricwheel chair market.
From the name itself, it is clear that electric wheel chairs are the chairs that are manufactured to be used by disabled, particularly crippled individuals who have lost their ability to walk independently. These wheel chairs run electrically which means that they are chargeable and eco-friendly in nature. These make minimal or no noise when being operated and doesn’t require any human interference to operate. The electric wheel chairs are available via both online and offline modes of distribution. However, one must be careful against counterfeit products in the market.
Surging volume of patients suffering from cardiovascular diseases and rising awareness among the population pertaining to the benefits of electric wheel chairs are the major factors fostering growth of the market. Rising geriatric population base especially in India and China, surging prevalence of obesity, growing incidence rate of diabetes and other genetic diseases and disorders and expanding distribution channels especially in the emerging markets will further create lucrative growth opportunities for the market. Rising usages of the product for travelling longer distance, growing adoption of modern manufacturing processes and technology, growing availability of technologically advanced products, improving living standard of the people and increasing penetration of e-commerce platforms are other important factors bolstering the market growth rate.
However, intense pricing pressure over the players, high operational and maintenance costs associated with the product and fluctuations in the prices of raw materials will pose a major challenge to the growth of market. Also, inaccessibility to quality healthcare facilities in developing economies will further derail the market growth rate. Lack of strong distribution network in the backward areas will further restrict the scope of growth of the market.
This electricwheel chair market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on electricwheel chair market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Electricwheel Chair Market Scope and Market Size
The electricwheel chair market is segmented on the basis of type, end-user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the electricwheel chair market is segmented into centre wheel drive, front wheel drive, standing, rear wheel drive, and others. Others have been further segmented into sports wheelchair, paediatric wheelchair, and high-power wheelchair.
- Based on end-user, the electricwheel chair market is segmented into hospitals, rehab centers, home, sports and athletics. Hospitals have been further segmented into patient transfer, pelvic positioning, upper body positioning, and lower body positioning. Home segment has been further segmented into manual mobility, powered mobility, and corpus seating. Sports and athletics have been further segmented into motocross racing, basketball, rugby, wheelchair curling, lawn tennis, and others.
- Based on distribution channel, the electricwheel chair market is segmented into online distribution channel, and offline distribution channel. Offline distribution channel has been further segmented into super markets, hyper markets specialty stores, convenience stores, and departmental stores. Online distribution channel has been further segmented into company owned websites and e-commerce platforms.
Electricwheel Chair Market Country Level Analysis
The electricwheel chair market is segmented on the basis of type, end-user and distribution channel.
The countries covered in the electricwheel chair market report are U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa.
North America is dominating the electricwheel chair market and will continue to owing to the high consumer awareness in the region. Asia-Pacific will continue to undergo substantial gains during the forecast period and score the highest growth rate owing to the rising awareness among the people regarding the benefits of electricwheel chair and improving personal disposable income.
The country section of the electricwheel chair market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Electricwheel Chair Market Share Analysis
The electricwheel chair market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to electricwheel chair market.
Some of the major players covered in the electricwheel chair market are LEVO AG, Permobil., Medical Depot, Inc., Pride Mobility Products Ltd., GF HEALTH PRODUCTS, INC., Invacare Corporation, Karman Healthcare, Inc., MEYRA GmbH, OTTOBOCK, WHILL Inc., Sunrise Medical, Antano Group, 21st Century SCIENTIFIC Inc., Hoveround Corporation., Merits Health Products, Ostrich Mobility, KrosMedical Europe, Magic Mobility Pty Ltd., Medline Industries, Inc., and GUANGZHOU TOPMEDI CO.,LTD., among others.