Electric wheelchairs are the battery powered wheelchairs which do not require any external human assistance for mobility. The user alone can control the movements with various input devices such as joysticks, touch pads and other devices. Electric wheelchairs provide multiple functionalities to assist the user in both indoor and outdoor activities with nominal human effort. Electric wheelchairs are not only used by people with traditional mobility impairments but also by those with cardiovascular conditions. Electric wheelchairs are sophisticated products and reflect to the lifestyle of the users.
The global electric wheelchair market is expected to witness substantial growth during the forecast period. The increase in aging population globally is stimulating the growing demand for electric wheelchair. In addition, the growing demand for advanced wheelchairs from the sports industry is also influencing the growth of this market. Need for automated mobility for disabled and elderly population, while performing regular tasks is also contributing to the growth in demand for electric wheelchairs globally. High disposable income in countries such as the U.S., Canada, the U.K., France, Italy, Germany, and Japan is influencing a positive growth to the electric wheelchair market.
The developing economies like India, China, Brazil, Indonesia and others are expected to generate further demand for electric wheelchairs in the future. With technological advancement in the electric wheelchair industry, new products are being developed by the manufacturers with better efficiencies, functionalities and customization. The sports industry has recently seen participation of disabled people in wheelchair based games, both indoor and outdoor. Thus, a major share of the electric wheelchair market is boosted by the demand from the sports industry globally. There are some challenges which the industry faces and few of those have high impacts presently such as lack of awareness and infrastructure. However, it is expected that the impacts of these factors is expected to reduce during the forecast period.
In this report, the market has been segmented based on product type and geography. It also includes drivers, restraints and opportunities (DROs), Porter’s five forces analysis and value chain of the electric wheelchair market. The study highlights current market trends and provides the forecast from 2014 to 2020. The report covers the current market scenario for electric wheelchairs and highlights future trends that could affect the demand for the same. The global electric wheelchair market is expected to observe a steady growth rate from 2014-20120 at a very high CAGR.
By geography, the market has been segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). Based on the product types, the market has been categorized into front wheel drive wheelchairs, center wheel drive wheelchairs, rear wheel drive wheelchairs and standing electric wheelchairs. The market size and forecast from 2014 to 2020 have been provided in the report.
The report also analyzes macroeconomic factors influencing and inhibiting the growth of the electric wheelchair market. Porter’s five forces analysis offers insight into the market competition throughout its value chain. The market attractiveness analysis provided in the report highlights key investing areas in this industry. The report will help manufacturers, suppliers and distributors understand the present and future trends in this market and formulate their strategies accordingly.
This study includes the profiles of key players in the market and the strategies adopted by them to sustain in the competition. Recent developments and barriers of the market is expected to help emerging players to design their strategies in an effective manner. The study is expected to help key players in broadcast electric wheelchair manufacturers to formulate and develop new strategies. The key participants in this market are Invacare Corp., Pride Mobility Products Corp., Sunrise Medicals, Permobil Corp., Handicare, Ottobock Healthcare GmbH, Medort, Drive Medicals Ltd., Hoveround Corp.
Global Electric Wheelchair Market: By Product Types
- Front Wheel Drive electric wheelchair
- Center Wheel Drive electric wheelchair
- Rear Wheel Drive electric wheelchair
- Standing electric wheelchair
Global Electric Wheelchair Market: By Geography
- North America
- Asia Pacific
- Rest of the world (RoW)
Chapter 1 Preface
1.1 Research description
1.2 Research scope
1.3 Research methodology
Chapter 2 Executive Summary
Chapter 3 Market Overview
3.2 Market dynamics
3.2.1 Market Drivers
188.8.131.52 Increasing elderly population globally
184.108.40.206 Increase in disposable income
220.127.116.11 Increase in demand for advanced wheelchairs in the sports industry
3.2.2 Market Restraints
18.104.22.168 High cost of electric wheelchairs
22.214.171.124 Lack of awareness and infrastructure
3.2.3 Market opportunities
126.96.36.199 Current Trends
188.8.131.52 Researech and Development
3.3 Value chain analysis
3.4 Electric Wheelchair industry – Porter’s Five Forces Analysis
3.4.1 Bargaining power of suppliers
3.4.2 Bargaining power of buyers
3.4.3 Threat from substitute
3.4.3 Threat of new entrants
3.4.3 Competitive rivalry
3.5 Electric Wheelchair Market: Market Attractiveness Analysis
3.6 Competitive analysis
3.6.1 Market Share by key players, 2013 (%)
Chapter 4 Electric Wheelchair Market by Types, 2014 – 2020
4.2 Front Wheel Drive electric wheelchair
4.3 Center Wheel Drive electric wheelchair
4.4 Rear Wheel Drive electric wheelchair
4.5 Standing electric wheelchair
Chapter 5 Electric Wheelchair Market by Geography, 2014 – 2020
5.2 North America
5.4 Asia Pacific
5.5 Rest of the world (RoW)
Chapter 6 Company Profiles
6.1 Invacare Corp.
6.1.1 Company overview
6.1.2 Financial overview
6.1.3 Business strategies
6.1.4 Recent developments
6.2 Pride Mobility Products Corp
6.2.1 Company overview
6.2.2 Financial overview
6.2.3 Business strategies
6.2.4 Recent developments
6.3 Sunrise Medical.
6.3.1 Company overview
6.3.2 Financial overview
6.3.3 Business strategies
6.3.5 Recent developments
6.4 Permobil Corp.
6.4.1 Company overview
6.4.2 Financial overview
6.4.3 Business strategies
6.4.5 Recent developments
6.5.1 Company overview
6.5.2 Financial overview
6.5.3 Business strategies
6.5.5 Recent developments
6.6 Drive Medical Ltd.
6.6.1 Company overview
6.6.2 Financial overview
6.6.3 Business strategies
6.6.5 Recent developments
6.7 Ottobock Healthcare GmbH
6.7.1 Company overview
6.7.2 Financial overview
6.7.3 Business strategies
6.7.5 Recent developments
6.8 Hoveround Corp.
6.9.1 Company overview
6.9.2 Financial overview
6.9.3 Business strategies
6.9.5 Recent developments
6.10.1 Company overview
6.10.2 Financial overview
6.10.3 Business strategies
6.10.5 Recent developments
List of Figures
FIG. 1 Market segmentation: Global electric wheel chairs market
FIG. 2 Global elderly population growth, by geography, 2015 and 2030 (%)
FIG. 3 Value chain analysis for global electric wheelchair market
FIG. 4 Porter’s five forces analysis for electric wheel chairs market
FIG. 5 Market attractiveness analysis, by type, 2013
FIG. 6 Market share by key players in the global electric wheelchair market, 2013 (Value %)
FIG. 7 Global electric wheelchair market share (%), By Type, 2013 and 2020
FIG. 8 Front wheel drive electric wheelchairs, market size and forecast, 2013-2020 (USD million)
FIG. 9 Center wheel drive electric wheelchair, market size and forecast, 2013-2020 (USD million)
FIG. 10 Rear wheel drive electric wheelchair, market size and forecast, 2013-2020 (USD million)
FIG. 11 Standing electric wheelchair, market size and forecast, 2013-2020 (USD Million)
FIG. 12 Other electric wheelchair, market size and forecast, 2013-2020 (USD Million)
FIG. 13 Global electric wheelchair market share and forecast, by Geography 2013 vs.
2020 (Value %)
FIG. 14 North America electric wheelchair market size and forecast, 2013 – 2020 (USD million)
FIG. 15 Europe electric wheelchair market size and forecast, 2013 – 2020 (USD million)
FIG. 16 Asia Pacific electric wheelchair market size and forecast, 2013 – 2020 (USD billion)
FIG. 17 RoW electric wheelchair market size and forecast, 2013 – 2020 (USD million)
List of Tables
TABLE 1 Global electric wheelchair market snapshot
TABLE 2 Global electric wheelchair market size and forecast by type, 2013 – 2020 (USD million)
TABLE 3 Drivers of the global wheelchair market: Impact Analysis
TABLE 4 Drivers of the global wheelchair market: Impact Analysis
TABLE 5 North America market size and forecast, by type, 2013 – 2020 (USD million)
TABLE 6 Europe electric wheelchairs market size and forecast, by technology, 2013 – 2020 (USD million)
TABLE 7 Asia Pacific electric wheelchair market size and forecast, by type 2013 – 2020 (USD million)
TABLE 8 RoW electric wheelchair market size and forecast, 2013 – 2020 (USD million)
Global electric wheelchair market was valued at USD 1.23 billion in 2013, growing at an estimated CAGR of 19.2% over the forecast period from 2014 to 2020. Electric wheelchairs are the battery supported wheelchairs which reduce the user’s dependence on any external human assistance for movement. They are electricity powered and are supported with multiple functionalities such as controlling Wi-Fi and Bluetooth operated gadgets, operating smart appliances in a house, and so on. Fuelled by the various technological advancements in several developed and developing countries across the globe, mobility solutions are evolving continuously and gaining popularity worldwide. Electric wheelchairs utilize high end digital technology for providing better performance and efficiency.
The global electric wheelchair market is segmented on the basis of geography which includes North America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW). The RoW region comprises of Middle East, Africa and South America. The global market for electric wheelchairs is primarily driven by growing elderly population and need for effective solutions in various indoor and outdoor applications High degree of technological advancements in developed and developing countries such as the U.S., the U.K., France, Germany, China, Japan, South Korea is also contributing to the growth of electric wheelchair market globally.
Based on the geographical segmentation, North America accounted for the largest market for electric wheelchairs in 2013 and the region is expected to continue its dominance throughout the forecast period till 2020. The region’s dominance is primarily attributed to the advancements in technology in countries such as the U.S. and Canada. Moreover, consumer awareness and affinity towards new technology is further contributing to the growth of the electric wheelchair market in North America. Europe and Asia Pacific followed North America in the global electric wheelchair market to collectively account for more than 40% of the global market revenue share. The regional market in Europe is primarily driven by increasing mobility solutions productions and increase in disposable income in the region.
Coupled with the rapidly increasing elderly population and improving infrastructural facilities in the Asia Pacific nations, the region is expected to boost demand for the electric wheelchairs significantly over the forecast period from 2014 to 2020. The countries such as China, South Korea, Japan, Australia and India are expected to generate market opportunities over the forecast period. The Rest of the World (RoW) electric wheelchair market is being stimulated by the advancing economies especially in the Middle East and Africa. Moreover, the developing infrastructure and affordability of advanced technological products are expected to offer lucrative opportunities of growth in the region over the forecast period.
The electric wheelchair market is segmented on the basis of product types which include front wheel drive electric wheelchairs, center wheel drive electric wheelchairs, rear wheel drive electric wheelchairs, standing electric wheelchairs and others. Among all, independent mobility solutions with modern technological functionalities for regular indoor and outdoor activities are the primary objective for the electric wheelchair manufacturers. The rear wheel drive electric wheelchairs segment is analyzed to be the second fastest growing electric wheelchair segment after the front wheel drive electric wheelchairs segment in the global market. The standing wheelchair segment is expected to attain a significant growth during the forecast period from 2014 to 2020.
The major players in the global market for electric wheelchairs have been profiled on the basis of recent developments, business strategies and financial overview among others. The Key players in the global electric wheelchair market profiled in the report include Invacare Corporation, Pride Mobility Products Corporation, Sunrise Medical Ltd., Permobil Corporation, Handicare Group A.B., Drive Medical Ltd., Ottobock Healthcare Deutschland GmbH, Hoveround Corporation and Medort among others.