Electric Wheelchair Market by Product Type (Center Wheel Drive, Front Wheel Drive, Rear Wheel Drive, Standing Electric Wheelchairs, and Others): Opportunity Analysis and Industry Forecast, 2021–2030
- ALL4676902
- 197 Pages
- September 2021
- Consumer Goods
The factors that drive the growth of the global electric wheelchair market include upsurge in elderly population globally; necessity for automated, independent wheelchairs; increase in government expenditure on healthcare, and high disposable income in developed countries such as the U.S., the UK, and Germany.
However, high cost of power wheelchairs and lack of awareness & infrastructure supporting easy access of wheelchairs restrain the growth of the market. On the contrary, launch of smart wheelchairs integrated with artificial intelligence control systems and rise in willingness among individuals toward active & independent lifestyle are expected to offer potential opportunities for manufacturers to innovate and develop new products according to consumer preferences.
The global electric wheelchairs market presently has witnessed a balanced growth, and is anticipated to grow with a steady CAGR during the forecast period. A considerable increase in disposable income was observed over the past decade. North America and Asia-Pacific are the prominent markets for electric wheelchairs, owing to widespread adoption of electric wheelchairs in the region.
The global electric wheelchairs market is segmented into product type and region. By product type, the market is fragmented into center wheel drive, front wheel drive, rear wheel drive, standing electric wheelchairs, and others. The others segment includes sports wheelchairs, pediatric wheelchairs, and high power electric wheelchairs. Among these products, center wheel drive witnessed maximum demand; thus, the segment garnered the largest share in the global electric wheelchairs market.
The key players profiled in the report are OttoBock Healthcare GmbH, Invacare Corporation, Pride Mobility Products Corp, Permobil AB, Sunrise Medical Limited, MEYRA GmbH, Matsunaga Manufactory Co., Ltd., Karma Medical Products Co., Ltd., Miki Kogyosho Co. Ltd., and Nissin Medical Industries Co., Ltd. Other prominent players analyzed in the report are Drive Medical Ltd., GF Health Products, Inc., Invacare Corporation., Karman Healthcare, and LEVO AG.
The market is analyzed across four regions, including North America, Europe, Asia-Pacific, and LAMEA. North America is expected to dominate the global market during the analysis period, due to the presence of multiple established manufacturers of electric wheelchairs in the U.S. and Canada. However, the market in Asia-Pacific is expected to grow at a significant rate, owing to increase in geriatric population and rise in expenditure in the emerging markets such as India and China to cater to the unmet medical requirements. Enhancements in technology to develop cost-effective power wheelchairs in these nations are further anticipated to offer lucrative opportunity for the expansion of the electric wheelchairs industry.
Electric Wheelchair Market Segments
Key Market Segments
By Product Type
• Center Wheel Drive
• Front Wheel Drive
• Rear Wheel Drive
• Standing Electric Wheelchairs
• Others
By Region
• North America
• Europe
• Asia-Pacific
• LAMEA
Key Market Players
• OttoBock Healthcare GmbH
• Invacare Corporation
• Pride Mobility Products Corp
• Permobil AB
• Sunrise Medical Limited
• MEYRA GmbH
• Matsunaga Manufactory Co., Ltd.
• Karma Medical Products Co., Ltd.
• Miki Kogyosho Co. Ltd.
• Nissin Medical Industries Co., Ltd.
1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology
1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings
2.2.CXO perspective
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key Findings.
3.2.1.Top investment pockets
3.3.Porter's five forces analysis
3.3.1.Bargaining power of suppliers
3.3.2.Bargaining power of buyers
3.3.3.Threat of substitution
3.3.4.Threat of new entrants
3.3.5.Intensity of competitive rivalry
3.4.Market dynamics
3.4.1.Drivers
3.4.1.1.Upsurge in geriatric population
3.4.1.2.Increase in incidence of spinal deformities
3.4.1.3.Increase in incidence of disabilities and accidents
3.4.2.Restraints
3.4.2.1.Inaccessibility to quality healthcare and infrastructure in developing regions
3.4.2.2.High cost compared to manual wheelchair to impede market proliferation
3.4.3.Opportunities
3.4.3.1.Emergence of technologically advanced products
3.4.3.2.Untapped opportunities in developing and underdeveloped economies
3.5.Pricing Analysis
3.6.Impact of Key Regulations on Electric Wheelchairs
3.6.1.U.S.
3.6.2.Japan
3.6.3.China
3.6.4.Australia
3.6.5.Middle East
3.6.6.Europe
3.7.Wheelchair Renting Policy In Japan
3.8.Impact of Covid-19
3.8.1.Overview
3.8.2.Scenario Analysis: Electric Wheelchair Market, 2019-2030
3.8.3.Post COVID-19 supply chain dynamics
3.9.Go-To-Market Strategy Analysis
3.9.1.Overview
3.9.1.1.Target customer
3.9.1.2.Value proposition
3.9.1.3.Pricing strategy
3.9.1.4.Promotions, marketing, and distribution
3.9.1.5.Conclusion
3.9.2.Revenue Opportunities from the target market, 2020-2030
3.9.3.Value Chain Analysis
3.10.Product Offering And Expansion Analysis
3.10.1.Product offerings by leading players
3.10.2.Product Innovations
3.10.3.Top Winning Strategies adopted by leading players
3.10.4.Product expansion Strategies by leading players
CHAPTER 4:ELECTRIC WHEELCHAIRS MARKET, BY PRODUCT TYPE
4.1.Overview
4.1.1.Market size and forecast, by product type
4.2.Centre wheel drive
4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country
4.3.Front wheel drive
4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country
4.4.Rear wheel drive
4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis, by country
4.5.Standing electric wheelchair
4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Market analysis, by country
4.6.Others
4.6.1.Key market trends, growth factors, and opportunities
4.6.2.Market size and forecast, by region
4.6.3.Market analysis, by country
CHAPTER 5:ELECTRIC WHEELCHAIRS MARKET, BY REGION
5.1.Overview
5.1.1.Market size and forecast, by region
5.2.North America
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by product type
5.2.3.Market analysis, by country
5.2.3.1.U.S.
5.2.3.1.1.Market size and forecast, by product type
5.2.3.2.Canada
5.2.3.2.1.Market size and forecast, by product type
5.2.3.3.Mexico
5.2.3.3.1.Market size and forecast, by product type
5.3.Europe
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by product type
5.3.3.Market analysis, by country
5.3.3.1.Germany
5.3.3.1.1.Market size and forecast, by product type
5.3.3.2.UK
5.3.3.2.1.Market size and forecast, by product type
5.3.3.3.France
5.3.3.3.1.Market size and forecast, by product type
5.3.3.4.Italy
5.3.3.4.1.Market size and forecast, by product type
5.3.3.5.Russia
5.3.3.5.1.Market size and forecast, by product type
5.3.3.6.Rest of Europe
5.3.3.6.1.Market size and forecast, by product type
5.4.Asia-Pacific
5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by product type
5.4.3.Market analysis, by country
5.4.3.1.China
5.4.3.1.1.Market size and forecast, by product type
5.4.3.2.India
5.4.3.2.1.Market size and forecast, by product type
5.4.3.3.Japan
5.4.3.3.1.Market size and forecast, by product type
5.4.3.4.South Korea
5.4.3.4.1.Market size and forecast, by product type
5.4.3.5.Australia
5.4.3.5.1.Market size and forecast, by product type
5.4.3.6.Rest of Asia-Pacific
5.4.3.6.1.Market size and forecast, by product type
5.5.LAMEA
5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by product type
5.5.3.Market analysis, by country
5.5.3.1.Latin America
5.5.3.1.1.Market size and forecast, by product type
5.5.3.2.Middle East
5.5.3.2.1.Market size and forecast, by product type
5.5.3.3.Africa
5.5.3.3.1.Market size and forecast, by product type
CHAPTER 6:COMPETITION LANDSCAPE
6.1.Overview
6.2.Market Share Analysis 2019
6.3.Top winning strategies
6.4.Product mapping
6.5.Competitive dashboard & Heatmap
6.5.1.Competitive heatmap
6.6.Key developments
6.6.1.Acquisition
6.6.2.Business expansion
6.6.3.Exhibition & conference marketing
6.6.4.Partnership
6.6.5.Product innovation
6.7.Emerging Companies
6.7.1.List of 10 companies similar to Kangni Smart
6.7.2.Case study of a successful company through effective strategies
6.7.2.1.Introduction
6.7.2.2.Product differentiation strategy
6.7.2.3.Distribution strategy
6.7.2.4.Advertising and marketing strategy
6.7.2.5.Global expansion strategies
6.7.2.6.Conclusion
6.7.2.7.Additional information
CHAPTER 7:COMPANY PROFILES
7.1.INVACARE CORPORATION
7.1.1.Company overview
7.1.2.Key executive
7.1.3.Company snapshot
7.1.4.Product portfolio
7.1.5.R&D expenditure
7.1.6.Business performance
7.1.7.Key strategic moves and developments
7.2.KARMA MEDICAL PRODUCTS CO., LTD.
7.2.1.Company overview
7.2.2.Key executive
7.2.3.Company snapshot
7.2.4.Product portfolio
7.2.5.Key strategic moves and developments
7.3.MATSUNAGA MANUFACTORY CO., LTD.
7.3.1.Company overview
7.3.2.Key executive
7.3.3.Company snapshot
7.3.4.Product portfolio
7.3.5.Key strategic moves and developments
7.4.MEYRA GROUP
7.4.1.Company overview
7.4.2.Key executive
7.4.3.Company snapshot
7.4.4.Operating business segments
7.4.5.Product portfolio
7.4.6.Key strategic moves and developments
7.5.MIKI KOGYOSHO CO., LTD.
7.5.1.Company overview
7.5.2.Key executive
7.5.3.Company snapshot
7.5.4.Product portfolio
7.6.NISSIN MEDICAL INDUSTRIES CO., LTD.
7.6.1.Company overview
7.6.2.Key executive
7.6.3.Company snapshot
7.6.4.Product portfolio
7.7.OTTOBOCK SE & CO KGAA
7.7.1.Company overview
7.7.2.Key executive
7.7.3.Company snapshot
7.7.4.Operating business segments
7.7.5.Product portfolio
7.8.PERMOBIL AB
7.8.1.Company overview
7.8.2.Key executive
7.8.3.Company snapshot
7.8.4.Product portfolio
7.8.5.Key strategic moves and developments
7.9.PRIDE MOBILITY PRODUCTS CORP.
7.9.1.Company overview
7.9.2.Key executive
7.9.3.Company snapshot
7.9.4.Operating business segments
7.9.5.Product portfolio
7.9.6.Key strategic moves and developments
7.10.SUNRISE MEDICAL (U.S.) LLC
7.10.1.Company overview
7.10.2.Key executive
7.10.3.Company snapshot
7.10.4.Operating business segments
7.10.5.Product portfolio
7.10.6.Key strategic moves and developments
TABLE 01.GLOBAL ELECTRIC WHEELCHAIRS MARKET, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 02.CENTRE WHEEL DRIVE WHEELCHAIRS MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 03.FRONT WHEEL DRIVE WHEELCHAIRS MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 04.REAR WHEEL DRIVE WHEELCHAIRS MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 05.STANDING ELECTRIC WHEELCHAIR MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 06.OTHERS ELECTRIC WHEELCHAIRS MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 07.GLOBAL ELECTRIC WHEELCHAIRS MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 08.NORTH AMERICA ELECTRIC WHEELCHAIRS MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 09.NORTH AMERICA ELECTRIC WHEELCHAIRS MARKET VALUE, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 10.U.S. ELECTRIC WHEELCHAIRS MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 11.CANADA ELECTRIC WHEELCHAIRS MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 12.MEXICO ELECTRIC WHEELCHAIRS MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 13.EUROPE ELECTRIC WHEELCHAIRS MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 14.EUROPE ELECTRIC WHEELCHAIRS MARKET VALUE, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 15.GERMANY ELECTRIC WHEELCHAIRS MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 16.UK ELECTRIC WHEELCHAIRS MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 17.FRANCE ELECTRIC WHEELCHAIRS MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 18.ITALY ELECTRIC WHEELCHAIRS MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 19.RUSSIA ELECTRIC WHEELCHAIRS MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 20.REST OF EUROPE ELECTRIC WHEELCHAIRS MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 21.ASIA-PACIFIC ELECTRIC WHEELCHAIRS MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 22.ASIA-PACIFIC ELECTRIC WHEELCHAIRS MARKET VALUE, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 23.CHINA ELECTRIC WHEELCHAIRS MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 24.INDIA ELECTRIC WHEELCHAIRS MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 25.JAPAN ELECTRIC WHEELCHAIRS MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 26.SOUTH KOREA ELECTRIC WHEELCHAIRS MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 27.AUSTRALIA ELECTRIC WHEELCHAIRS MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 28.REST OF ASIA-PACIFIC ELECTRIC WHEELCHAIRS MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 29.LAMEA ELECTRIC WHEELCHAIRS MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 30.LAMEA ELECTRIC WHEELCHAIRS MARKET VALUE, BY COUNTRY, 2020–2030 ($MILLION)
TABLE 31.LATIN AMERICA ELECTRIC WHEELCHAIRS MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 32.MIDDLE EAST ELECTRIC WHEELCHAIRS MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 33.AFRICA ELECTRIC WHEELCHAIRS MARKET VALUE, BY PRODUCT TYPE, 2020–2030 ($MILLION)
TABLE 34.INVACARE CORPORATION: KEY EXECUTIVE
TABLE 35.INVACARE CORPORATION: COMPANY SNAPSHOT
TABLE 36.INVACARE CORPORATION: PRODUCT PORTFOLIO
TABLE 37.INVACARE CORPORATION: R&D EXPENDITURE, 2017–2020 ($MILLION)
TABLE 38.INVACARE CORPORATION: NET SALES, 2017–2019 ($MILLION)
TABLE 39.KARMA MEDICAL PRODUCTS CO., LTD.: KEY EXECUTIVE
TABLE 40.KARMA MEDICAL PRODUCTS CO., LTD.: COMPANY SNAPSHOT
TABLE 41.KARMA MEDICAL PRODUCTS CO., LTD.: PRODUCT PORTFOLIO
TABLE 42.MATSUNAGA MANUFACTORY CO., LTD.: KEY EXECUTIVE
TABLE 43.MATSUNAGA MANUFACTORY CO., LTD.: COMPANY SNAPSHOT
TABLE 44.MATSUNAGA MANUFACTORY CO., LTD.: PRODUCT PORTFOLIO
TABLE 45.MEYRA GROUP: KEY EXECUTIVE
TABLE 46.MEYRA GROUP: COMPANY SNAPSHOT
TABLE 47.MEYRA GROUP: OPERATING SEGMENTS
TABLE 48.MEYRA GROUP: PRODUCT PORTFOLIO
TABLE 49.MIKI KOGYOSHO CO., LTD.: KEY EXECUTIVE
TABLE 50.MIKI KOGYOSHO CO., LTD.: COMPANY SNAPSHOT
TABLE 51.MIKI KOGYOSHO CO., LTD.: PRODUCT PORTFOLIO
TABLE 52.NISSIN MEDICAL INDUSTRIES CO., LTD.: KEY EXECUTIVE
TABLE 53.NISSIN MEDICAL INDUSTRIES CO., LTD.: COMPANY SNAPSHOT
TABLE 54.NISSIN MEDICAL INDUSTRIES CO., LTD.: PRODUCT PORTFOLIO
TABLE 55.OTTOBOCK SE & CO KGAA: KEY EXECUTIVE
TABLE 56.OTTOBOCK SE & CO KGAA: COMPANY SNAPSHOT
TABLE 57.OTTOBOCK SE & CO KGAA: OPERATING SEGMENTS
TABLE 58.OTTOBOCK SE & CO KGAA: PRODUCT PORTFOLIO
TABLE 59.PERMOBIL AB: KEY EXECUTIVE
TABLE 60.PERMOBIL AB: COMPANY SNAPSHOT
TABLE 61.PERMOBIL AB: PRODUCT PORTFOLIO
TABLE 62.PRIDE MOBILITY PRODUCTS CORP.: KEY EXECUTIVE
TABLE 63.PRIDE MOBILITY PRODUCTS CORP.: COMPANY SNAPSHOT
TABLE 64.PRIDE MOBILITY PRODUCTS CORP.: OPERATING SEGMENTS
TABLE 65.PRIDE MOBILITY PRODUCTS CORP.: PRODUCT PORTFOLIO
TABLE 66.SUNRISE MEDICAL (U.S.) LLC: KEY EXECUTIVE
TABLE 67.SUNRISE MEDICAL (U.S.) LLC: COMPANY SNAPSHOT
TABLE 68.SUNRISE MEDICAL (U.S.) LLC: OPERATING SEGMENTS
TABLE 69.SUNRISE MEDICAL (U.S.) LLC: PRODUCT PORTFOLIO
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