Global Vehicle for disabled market is valued approximately USD 2.23 billion in 2018 and is anticipated to grow with a growth rate of more than 11.7% over the forecast period 2019-2026.
The vehicles that are specially designed for the disabled people with specification that will be easy them to drive are called as vehicle for disabled. The market of vehicles for disabled is driven by the increase in population of aged people and various scheme provided by the government of various countries to disabled people and increase in emphasis on providing equality to disabled people in term of accessibility & mobility solutions. Whereas, high cost and lack of medical reimbursement are hampering the growth of market over the forecast years. The improving healthcare infrastructure in developing countries is expected as lucrative growth opportunity for the global vehicle for disabled market. Furthermore, Mobility scooter is fastest growing sub segment in the segment by vehicle type owing to the increasing demand of the mobility solutions for disabled people that helps in the individual performance of the routine basic task thereby, propel the growth of market over the forecast years. Mobility scooter are an efficient substitute for the wheelchairs and make routinely task of the disability people easy, thus the inherent features of vehicles for disabled fuel the growth of market in the upcoming years.
The regional analysis of global Vehicle for disabled market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. The North America region is dominating in the market of vehicle for disabled market followed by the Europe. The factors are increasing demand for mobility solutions and an increase in the sense of independence among disabled people propel the growth of market. Also, various government policies and scheme to help disabled people in purchasing disabled vehicles is accelerating the growth of market in the upcoming year. Whereas, the Asia Pacific is the fastest growing region for the global vehicle for disable market owing to the factors such as increasing improvement in the health care, development of healthcare infrastructure, rising awareness among patient and disposable income of the individuals. Additionally, the initiative from the government of developing economies in the Asia pacific such as India, China fuels the growth of market in the region
Market player included in this report are:
Toyota Motor Corporation
Vantage Mobility international
Braunability
Revability
Mobility works
AMS Vans
Mobility network group
Allied vehicles
Brother Automobility
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Vehicle Type:
Passenger car
MPV/SUV
Pick up
Mobility scooters
By Manufacturer Type:
OEM manufacturing
Third party customization
By Driving options
Driving on swivel seat
Driving through Wheelchair
Driving on normal seat
By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Vehicle for disabled Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Summary:
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. Industry analysis & Market Report on Vehicle for disabled
is a syndicated market report, published as Global Vehicle for disabled Market Size study, by Vehicle Type (Passenger car, Mpv/Suv, Pickup and Mobility Scooter), Manufacturer Type (Oem manufacturing and Third-party customization) and Driving options (Driving on swivel seat, driving through Wheelchair and Driving on normal seat) and Regional Forecasts 2019-2026
. It is complete Research Study and Industry Analysis of Vehicle for disabled
market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.