Quadintel published a new report on the Electric Wheelchair Market. The research report consists of thorough information about demand, growth, opportunities, challenges, and restraints. In addition, it delivers an in-depth analysis of the structure and possibility of global and regional industries.
Global Electric Wheelchair Market to reach USD 5.8 billion by 2027 Global Electric Wheelchair Market is valued at approximately USD 3.18 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 9.7% over the forecast period 2021-2027.
Electric wheelchair or electric-powered wheelchair, is a wheelchair driven by an electric motor. It is a wheelchair that lessens manual activity or does not involve any human support to move a wheelchair. This wheelchair is available in various types such as front-wheel drive, center wheel drive, Rear wheel drive and standing electric wheelchair.
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The wheelchair type is used based on the type of surface and space on which the wheelchair is to be driven. Aging world population is expected to fuel the Electric Wheelchair market. New product launches and innovations are also propelling the market growth. For instance,in June , 2020, Scewo by the ETH Zurich team, is a self-balancing electric wheelchair that can go upstairs and downstairs without any human assistance. Moreover, several key players are taking strategic initiatives to expand their presence in the market for instance.
In January 2021, Invacare Corporation and its subsidiary, Alber USA LLC announced tha introduction of their next generation of power assist devices e-motion (M25). The Alber e-motion power assist for manual wheelchair is a push rim activated device that features wheels with a powerful in hub motor and lithium ion batteries.
In February, 2020, Sunrise Medical acquired Oracing to improve and benefit manufacturing of wheelchairs and E-mobility. However, lack of awareness and infrastructure may impede market growth over the forecast period of 2021-2027.
The regional analysis of the global Electric wheelchair market s considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World (ROW). Asia Pacific is the leading region across the world in terms of market share due to China being an ageing economy, with over 241 million individuals over the age of 60. Also, China produces approximately 75 % of the world’s electric wheelchairs. Whereas, North America is expected to be after Asia-Pacific. The reason being increased investment capacity, improved technical support, and lenient government rules in the region.
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Major market player included in this report are:
Pride Mobility Products Corp.
Drive Medical Ltd.
GF Health Products
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Front Wheel Drive
Rear Wheel Drive
Centre Wheel Drive
Standing Wheel drive
By End Use:
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Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018-19
Base year – 2019-2020
Forecast period – 2021 to 2027.
Target Audience of the Global Contact centre as a service market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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Table of Contents:
- Market Overview
- Market Definition and Scope
- Market Dynamics
- Market Industry Analysis
- Market, Regional Analysis
- Analysis of Leading Companies
- Competitive Intelligence
- Research Process
- Market Analysis and Forecast, By Product Types
The global market is forecast to witness a rapid growth, owing to increasing demand for technological advancements from end-users. Moreover, increasing investments in research and development activities, launches, partnerships, and other strategic initiatives will benefit the market. Furthermore, the growing focus of authorities towards increasing urbanization and industrialization is forecast to drive the market growth.
What aspects regarding the regional analysis Market are included in this report?
- Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East and Africa region.
- The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
- The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
- Based on what factors are the key market players assessed in this report?
- The report offers detailed analysis of leading companies in the market across the globe.
- It provides details of the major vendors involved in the Market including Key Players
- A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and
- the manufactured products is incorporated in the report.
- The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
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