Global Vehicles for Disabled Market was estimated at 2.7 (USD Billion) in 2019 and is slated to be valued at 5.9 (USD Billion) by 2025 at a CAGR of 9.7%
NEW YORK, NEW YORK, UNITED STATES, February 14, 2020 /EINPresswire.com/ — As per analysts at Zion Market Research, the global vehicles for disabled market was capitalized at USD 2.7 billion in 2019 and is expected to cross USD 5.9 billion by 2025 at a CAGR of 9.7% in the foreseeable future. Increasing emphasis on providing equality to disabled people in terms of accessibility & mobility solution and improving healthcare infrastructure in developing countries is expected to boost the market.
Established companies such as Vantage Mobility International, Toyota Motor Corporation, Revability, BraunAbility, and Mobility Works lead the global vehicle for disabled market regionally and globally. In addition to this, players such as Sunrise Medical Holdings, Pride Mobility, KYMCO Global, Invacare, and Amigo Mobility International also have a lion’s share in the development of the global market.
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Mobility Scooter Is Anticipated To Be The Quickest-Developing Sector Of The Global Market
The mobility scooter segment is anticipated to develop quickest amongst others in the years to come. Mobility scooters are e-scooters, presenting a low-priced method to be capable to traveling independently, both outdoors and indoors. Users with a disability aim to opt for mobility scooters over electric wheelchairs owing to less manual effort required and enhanced efficiency.
A number of mobility scooter makers are spending in R&D to bring a more innovative device to lure disabled users. There have been different enhancements to convert mobility scooters more competent. For example, mobility scooters can travel at a speed of 4–8 mph, and the seats of these vehicles are adjustable as per the person’s height. Factors such as rise in the number of orthopedic disorders, increasing government schemes & initiatives, and technological enactments are expected to drive the growth of market.
Asia Pacific Market Is Anticipated To Clock Stunning Growth In The Coming Years
Asia Pacific is anticipated to see a stunning development, followed by North America and Europe in the years to come. The market development in the area can also be credited to the rising awareness towards mobility solution, rising developments in healthcare infrastructure, and different programs by government as well as private organizations of the nation.
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The growing aged population and government programs in Japan are boosting the development of enhanced tech for vehicles created for disabled users in the nation. Toyota is in the vanguard position in the market in Japan for such vehicles. The firm has spent majorly to design autonomous vehicles for disabled users.
North America is anticipated to be the biggest market, after Europe. The area includes developed countries such as Canada and the US. The area is the home of a number of leading companies such as Braunability, Vantage Mobility International, Mobility Works, and Revability, Inc.
This review is based on a report by Zion Market Research, titled “Vehicles for Disabled Market by Manufacturer Type (Third-Party Customization and OEM), Vehicle Type (Mobility Scooter, Adaptive Four-Wheeler), Entry Configuration, Entry Mechanism, Driving Option, and Region – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025” report at https://www.zionmarketresearch.com/report/vehicles-for-disabled-market
The global vehicles for disabled market are segmented as follows:
By Vehicle Type
By Manufacturer Type
By Entry Configuration
By Entry Mechanism
By Driving Option
Driving on Swivel Seat
Driving through Wheelchair
Driving on Normal Seat
Middle East and Africa
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Source: EIN Presswire