Global Vehicles for Disabled Market: Industry Perspective, COVID-19 Impact Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2030
The global vehicles for disabled market was projected at USD 3.0 billion in 2020 and is slated to be valued at USD 8.4 billion by 2030 at a CAGR of 10.89%. The vehicle has a common term of a car, generally used by disabled people and blocks at least one traffic lane. It is designed to transport the disabled person from one place to the destination place. The vehicle is equipped with a scanned ultrasonic rangefinder, a digital camera, and an on-board microcomputer. It has a wide ramp and more height as compared to a normal vehicle, whereas ramp provides easy entry and exit for the disabled person. Additionally, the market of vehicles for disabled is driven due to an increase in the population of aged people and various schemes provided by the government of various countries to increase in emphasis on providing equality to disabled people in terms of mobility solutions & accessibility. Whereas, technological advancements in mobility solutions for disabled people, rising accidental rates and increasing rates of knee & spine disorders are some of the major factors driving the vehicle for disabled market to grow positively.
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Market Dynamics and Factors:
The growth of the vehicle for disabled market is growing to its rapid pace due to increasing emphasis on providing equality to disabled people in terms of accessibility & mobility solutions and improving healthcare infrastructure. Furthermore, the vehicle for the disabled is a good substitute as compare to wheelchairs to perform routine tasks and to travel shorter distances independently. Whereas, regional governments are also improving infrastructure and providing various schemes & subsidies to the disabled people on the purchase of a vehicle. Further, advancement of features, availability of the vehicle in different designs, and latest technologies to enable disabled people to drive with more ease and comfort have increased the attention of users towards the product. However, high cost and lack of medical reimbursement are expected to restrain vehicle for disabled market growth. Growing awareness of a mobility solution is a key opportunity for the market to grow positively.
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Market Segmentation:
Global Vehicles for Disabled Market – By Type
Adaptive Four-Wheeler
Mobility Scooter
Global Vehicles for Disabled Market – By Manufacturer
Original Equipment Manufacturer (OEM)
Third-Party Customization
Global Vehicles for Disabled Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
Asia-Pacific is dominating the region across the world. In which Japan is the largest contributor. The growth in this region is attributed to the growing aged population and government initiatives are driving the expansion of advanced technology for vehicles made for disabled people in the country. Toyota is leading the market for such vehicles in Japan. The company has invested heavily to develop autonomous vehicles for disabled people. Followed by Asia-Pacific, North America is the second biggest contributor. Because government and private associations in the region working for disabled people. The association includes the National Mobility Equipment Dealers Association (NMEDA), Accessible Vans of America (AVA), National Highway Traffic and Transportation Safety Administration (NHTSA) and Wheelers Accessible Van (WAV) Rentals. Factors such as technological advancements for better fuel efficiency and the advent of electric vehicles for disabled people have augmented the demand for such vehicles in this region. Europe is the largest contributor, followed by North America, and nothing a consistent expansion in the global vehicle for disabled market.
Competitive Scenario:
The key player of the global vehicle for disabled market are Toyota Motor Corporation, Braun Ability, Sunrise Medical Holdings, Pride Mobility, Invacare Corporation, KYMCO Global, Vantage Mobility International, Amigo Mobility International, Inc., Mobilit Works, and Revability, Inc.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Vehicles for Disabled industry, although key threats, opportunities and disruptive technologies that could shape the Global Vehicles for Disabled Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Vehicles for Disabled Market most.
The data analysis present in the Global Vehicles for Disabled Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Vehicles for Disabled Market business.
The 2021 Annual Global Vehicles for Disabled Market offers:
100+ charts exploring and analysing the Global Vehicles for Disabled Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Vehicles for Disabled Market type
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