Vehicles For Disabled Market Size- USD 2.43 Billion in 2018, Market Growth- CAGR of 9.8%, Market trends- improving healthcare infrastructure and facilities, APAC expected to register the highest market share during the forecast period

New York, NY -- (SBWire) -- 03/10/2021 --The Vehicles For Disabled Market was valued at USD 2.43 billion in 2018 and is expected to reach USD 5.13 billion by year 2026, at a CAGR of 9.8% CAGR during the forecast period (from 2018 – 2026). Growing importance on providing equality to disabled people in terms of mobility and accessibility solutions and improving healthcare infrastructure in developing and developed countries is expected to boost market growth. However, high equipment cost and lesser medical reimbursement are considered as restraining factors for the growth of it. The vehicles for disabled is fundamentally vehicle which has self-navigating wheelchair, its aim is to transport or move a disabled person form one place to its desired location. The wheelchair of car is equipped with a scanning ultrasonic rangefinder, digital camera, and an on-board microcomputer. The Vehicles for Disabled has wide ramp and more height as compared to the normal vehicles, so as to provide easy entry and exit for the disabled individual. The vehicle has latching tailgate with easy release handle secures the manual fold out for a clatter free and safe ride.

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The report covers extensive profiling of the leading competitors, including:
Toyota Motor Corporation (Japan), Vantage Mobility International (US), BraunAbility (US), Revability(US), Mobility Works (US), Pride Mobility (US), Sunrise Medical Holdings (Germany), Invacare (US), KYMCO Global (Taiwan), and Amigo Mobility International (US) and other

Adaptive four-wheeler segment of the Vehicles for the disabled market is led by globally and regionally established players such as Vantage Mobility International (US), Toyota Motor Corporation (Japan), Revability (US), BraunAbility (US), and Mobility Works (US).

In the region, North American region is projetced to be the major market for vehicles for disabled, followed by Europe. There are numerous private and government organisations in the US working on the mobility for disabled individual. The organisation 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)

Further key findings from the report suggest-
By vehicle type, mobility scooters segment is anticipated to be the fastest-growing segment within the Vehicles for disabled market. Mobility scooters are power-operated vehicle/ scooter or electric operated which has a seat over three/four/five wheels which are assumed as the best solution for mobility of disabled individuals to travel shorter distances in terms of performing a daily task
Many mobility scooter producers are investing in research & developments to offer more innovative product to attract disabled individuals
Rising demand for mobility solutions for disabled people which helps in independently performing routine tasks to propel the growth of mobility scooter segment during forecast period
There have been numerous advancements to increase the efficiency of mobility scooters. For instance, mobility scooters can move at a speed of 4-8 mph, and one can adjust the seat-height of the vehicle according to the height of the disabled individual
Technological advancement and government policies adopted by economically developed countries such as US and Canada likely to boost the demand of vehicles for disabled in North American region.
In 2018, North America region accounted for the highest share in the vehicles for disabled market, followed by Europe. The developed economies like the US and Canada, and homegrown players such as Vantage Mobility International, Braunability, Revability, Inc., and Mobility Work, North America are boosting the market.
Leading car-sharing/ car-hailing 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 over the forecast period. The vehicles for disabled market growth in the region can also be driven by the increasing awareness towards mobility solution, developments in healthcare infrastructure along with several initiatives by governments and private organizations of the countries

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For the purpose of this study, Reports and Data have segmented the industry Vehicle Type, by Entry Mechanism, by Entry Configuration, by Driving Option, by Ownership, by Manufacture type and by Region:

Vehicles for Disabled by Vehicle Type (Revenue, USD Million; 2016–2026)
Adaptive 4 wheeler
Passenger cars
Pickup
Mobility Scooters

Vehicles for Entry Mechanism (Revenue, USD Million; 2016–2026)
Ramp
Foldout ram
Power ram
Lifting equipment

Vehicles for Disabled by Entry Configuration (Revenue, USD Million; 2016–2026)
Side
Rear

Vehicles for Disabled by Driving Option (Revenue, USD Million; 2016–2026)
Driving on Swivel Seat
Driving through Wheelchair
Driving on Normal Seat

Vehicles for Disabled by Ownership (Revenue, USD Million; 2016–2026)
Rental, Lease, Hire
Personal

Vehicles for Disabled by Manufacture Type (Revenue, USD Million; 2016–2026)
OEM
Third Party Customization

Vehicles for Disabled by Region (Revenue, USD Million; 2016–2026)
North America
US
Canada
Mexico
Europe
Germany
France
UK
Spain
Italy
Benelux
Rest of the Europe
Asia Pacific
China
India
Japan
South Korea
Singapore
Rest of Asia-Pacific
Middle East and Africa
Latin America
Brazil
Argentina
Rest of Latin America

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Key Features of the Vehicles for Disabled Market Report:
Detailed assessment and exhaustive understanding of the Vehicles for Disabled market
Significant insights into manufacturing processes, major barriers, and risks
8-year forecast estimation to offer information about the market size and market share on the global and regional levels
Evaluation of the key drivers, restraints, growth opportunities, threats, limitations, barriers, and other key elements
Identification of growth prospects and potential for the Vehicles for Disabled industry
Comprehensive analysis of the key market players and their strategies

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Table of contents:
Chapter 1. Vehicles for Disabled Segmentation & Impact Analysis
1.1. Vehicles for Disabled Segmentation Analysis
1.2. Vehicles for Disabled Market Value Chain Analysis, 2016-2026
1.3. Regulatory Framework
1.4. Vehicles for Disabled Market Impact Analysis
1.4.1. Market Driver Analysis
1.4.1.1. Rising demand for mobility solutions
1.4.1.2. Increasing population of old-age people and various government schemes
1.4.1.3. rising awareness for mobility solutions provided to people with disabilities
1.4.2. Market Restraint Analysis
1.4.2.1. High installation cost
1.5. Key Opportunities Prioritized
1.6. Vehicles for Disabled Pricing Analysis
1.7. Industry Analysis - Porter's
1.8. Vehicles for Disabled PESTEL Analysis

Chapter 2. Vehicles for Disabled Market By Vehicle Type Insights & Trends
2.1. Vehicles for Disabled Vehicle Type Dynamics & Market Share, 2018 & 2026
2.2. Adaptive 4-Wh
2.2.1. Market Estimates And Forecast, 2016 – 2026 (USD Million)
2.2.2. Market Estimates And Forecast, By Region, 2016 – 2026 (USD Million)
2.3. Mobility Scooters
2.3.1. Market Estimates And Forecast, 2016 – 2026 (USD Million)
2.3.2. Market Estimates And Forecast, By Region, 2016 – 2026 (USD Million)

Chapter 3. Vehicles for Disabled Market By Entry Mechanism Insights & Trends
3.1. Vehicles for Disabled Entry Mechanism Dynamics & Market Share, 2018 & 2026
3.2. Ramp
3.2.1. Market Estimates And Forecast, 2016 – 2026 (USD Million)
3.2.2. Market Estimates And Forecast, By Region, 2016 – 2026 (USD Million)
3.2.3. Foldout Ramp
3.2.3.1. Market Estimates And Forecast, 2016 – 2026 (USD Million)
3.2.3.2. Market Estimates And Forecast, By Region, 2016 – 2026 (USD Million)
3.2.4. Power Ramp
3.2.4.1. Market Estimates And Forecast, 2016 – 2026 (USD Million)
3.2.4.2. Market Estimates And Forecast, By Region, 2016 – 2026 (USD Million)
3.3. Lifting Equipment
3.3.1. Market Estimates And Forecast, 2016 – 2026 (USD Million)
3.3.2. Market Estimates And Forecast, By Region, 2016 – 2026 (USD Million)

Chapter 4. Vehicles for Disabled Market By Entry Configuration Insights & Trends

Continued…..