Vehicles for Disabled Market worth $6.3 billion by 2027 - PowerPoint PPT Presentation

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Vehicles for Disabled Market worth $6.3 billion by 2027

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Vehicles for Disabled Market by Vehicle Type (Adaptive Four-Wheeler, Mobility Scooter), Manufacturer Type (OEM and Third-Party Customization), Entry Mechanism, Entry Configuration, Driving Option, Ownership, and Region - Global Forecast to 2027 – PowerPoint PPT presentation

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Title: Vehicles for Disabled Market worth $6.3 billion by 2027


1
MarketsandMarkets Presents

Vehicles for Disabled Market worth 6.3 billion
by 2027
https//www.marketsandmarkets.com/Market-Reports/v
ehicle-disabled-market-5661143.html
2
The report "Vehicles for Disabled Market by
Vehicle Type (Adaptive Four-Wheeler, Mobility
Scooter), Manufacturer Type (OEM and Third-Party
Customization), Entry Mechanism, Entry
Configuration, Driving Option, Ownership, and
Region - Global Forecast to 2027" The global
vehicles for disabled market is projected to grow
from USD 2.6 billion in 2019 to reach USD 6.3
billion by 2027, at a CAGR of 11.7. The growth
of vehicles for disabled market is influenced by
factors such as the growing population of
disabled people, aging population of baby
boomers, increasing awareness for mobility
solutions provided to disabled people, and
government-supported schemes funding.
Technological advancements in mobility solutions
for disabled people, increasing rates of knee
spine disorders, and rising accidental rates are
some of the major factors driving the growth of
vehicles for disabled people. Thus, the vehicles
for disabled market is expected to witness
significant growth in the future. Browse 50
market data Tables and 30 Figures spread
through 120 Pages and in-depth TOC on "Vehicles
for Disabled Market Get The PDF Brochure For
This Report _at_ https//www.marketsandmarkets.com/pd
fdownloadNew.asp?id5661143
3
North American is expected to lead the global
market during the forecast period North America
is expected to be the largest market during the
forecast period. The market growth can be
attributed to the rising population of aged baby
boomers, increase in the sense of
self-reliability among disabled people to perform
their task, increase in health issues like
obesity arthritis, and several funding schemes
and initiatives by governments of respective
countries. In the US, there are various
organizations and groups which support the
disabled people to provide them easy mobility
solutions. This group includes National Mobility
Equipment Dealers Association (NMEDA) which is a
trade group of companies that sell adaptive
driving equipment and National Highway Traffic
and Transportation Safety Administration that
offers advice on driver training, vehicle
selection, and vehicle modification. In the
coming years, North American is likely to grow
significantly from the rising demand for
user-friendly accessible vehicles due to
extensive technological advancements in mobility
solutions such as the development of autonomous
vehicles for disabled people and advancements in
terms of accessibility such as seating, vehicle
entry, and driving aids. To speak to our analyst
for a discussion on the above findings,
click Speak to Analyst
4
Mobility scooter market is expected to grow at
the highest CAGR Mobility scooters are expected
to be the fastest-growing segment within this
market. These scooters are power-operated
scooter/vehicle or electric scooter which has a
seat over three, four/five wheels which are
considered as the best solution for mobility of
disabled to travel short distances in terms of
performing a daily routine task. The market is
mainly driven by the aging population in
developed countries, an increase in incidences of
knee spine disorders, rising accidental cases,
and growing government organizations. Also, the
availability of mobility scooters in various
style, design features has increased the
attention of consumers towards mobility
scooters. Asia Pacific Japan is expected to
lead the Asia Pacific market The Asia Pacific
region is estimated to be the highest growing
market. Asia Pacific mainly comprises India,
China, Japan, and South Korea. According to the
World Health Organization, about 15 of the world
populationover a billion peoplehave some form
of disability. Of this population, around 80
live in developing countries. Asia Pacific
comprises several developing countries which have
remained untapped markets for mobility solutions.
It is expected that the market penetration will
increase in the coming years due to government
initiatives to improve healthcare infrastructure,
awareness towards mobility needs, and increase in
disposable income.
5
  • The vehicle for disabled market in adaptive
    four-wheeler is led by globally and regionally
    established players such as Toyota Motor
    Corporation (Japan), Vantage Mobility
    International (US), BraunAbility (US), Revability
    (US), and Mobility Works (US).
  • Request for Sample Pages _at_ https//www.marketsan
    dmarkets.com/requestsampleNew.asp?id5661143
  • Critical Questions
  • Vehicles made for disabled people have acquired
    with other manufacturers for the expansion of
    their business globally and technology sharing.
    How will this transform the overall market?
  • How will developments in passenger car, SUV/MPV,
    and mobility scooter by leading manufacturers
    will change the dynamics of this market?
  • The industry is focusing on automated technology.
    Which are the leading companies who are working
    on automated technology, and what organic and
    inorganic strategies have been adopted by them?

6
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ehicle-disabled-market-5661143.html
7
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