According to the World Health Organization (WHO)’s World Report on Disability 2011, about 15% of the global population are surviving with some form of disability. 1% of the world population, which is about 75 million people, who are suffering from disabilities, require a wheelchair on a daily basis. Individuals whose physical movement is restricted due to certain forms of disability, have to depend on others for their mobility, which limits their overall participation in the society to a certain extent. Powered wheelchairs and other similar personal mobility equipment provide independent mobility to these individuals along with benefits such as ease of usability, accessibility and safety. Increasing adoption of such powered mobility equipment amongst individuals with physical disabilities is driving the growth of global powered personal mobility equipment market.
Investments towards technological advancements in the powered mobility equipment is anticipated to proliferate the growth of global powered personal mobility equipment market over the period of next eight years. Pride Mobility Products Corp. for instance, introduced a new version of powered wheelchair, Go Chair® MED Power Chair for internal mobility in October 2020. The equipment allows flexibility in choosing the seating options for the users and also enables ease in disassembling, which enhances the portability of the equipment.
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The global powered personal mobility equipment market is expected to grow at a CAGR of 14.6% during the forecast years (2021-2029).
The detailed research study provides qualitative and quantitative analysis of powered personal mobility equipment market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
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Key Findings of the Report:
- The companies operating in the global powered personal mobility equipment market are increasingly investing towards diversification of distribution channels, which is enabling them to expand their consumer base, generate higher revenues and strengthen their position in the global market. Online channels such as sale through e-commerce websites are being largely adopted by the companies in the global market.
- The regulatory bodies across various countries, amidst the Covid-19 pandemic, have recommend elderly population, above the age of 70, to stay indoors. In order to align with the stringent social distancing norms and ensure maximum independence in terms of movement, individuals above the given age group are preferring the adoption of powered personal mobility equipment. Simultaneously, the powered personal mobility equipment market participants are adopting virtual modes to cater to the user’s service requirements.
- Asia Pacific region in the global powered personal mobility equipment market is anticipated to register highest growth rate over the forecast period. It was reported that about more than 90% of the population in developing countries have limited access to wheelchair. Furthermore, increase in geriatric population in the region, suffering from some form of physical disability, is also anticipated to supplement the growth of the global powered personal mobility equipment market over the forecast period.
- Powered tricycles and scooters, which fall under a more cost-friendly range of personal powered mobility category, is gaining traction in the global powered personal mobility equipment market.
- Some of the major players operating in the global powered personal mobility equipment market are Acorn Stairlifts Inc., AmeriGlide, C.T.M. HOMECARE PRODUCT, Inc., EZ Lite Cruiser, Forcemech International LLC., Gator Custom Mobility, GF HEALTH PRODUCTS, INC., Golden Technologies, Handicare, Harmar, Hoveround Corporation, Invacare Corporation, Karman Healthcare, Inc., LEVO AG, Medical Depot, Inc., MERITS CO. LTD., Mobility, LLC., Monroe Wheelchair, Ottobock, Permobil, Inc., Pride Mobility Products Corp., Stannah, Sunrise Medical, and TA SERVICE A/S, WHILL Inc. amongst others.
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Global Powered Personal Mobility Equipment Market:
- By Equipment Type
- Powered Wheelchairs
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- Centre Wheel Drive
- Front Wheel Drive
- Rear Wheel Drive
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- Powered Tricycles and Scooters
- Stair Lifts
- By Control Type
- User Controlled
- Attendant Controlled
- By Region:
- North America
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- U.S.
- Canada
- Mexico
- Rest of North America
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- Europe
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- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
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- Asia Pacific
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- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
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- Middle East & Africa
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- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
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- Latin America
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- Brazil
- Argentina
- Rest of Latin America
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