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Pulished Date August, 2021
ID: 12059
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Electric wheelchair Market segmented by Type (Front-wheel Drive, Center Wheel Drive, Rear-wheel Drive, and Standing Electric Wheelchair), By End User (Personal, Hospital, Sports conditioning), and By geography - Size, Share & Trends (2021 - 2026)

Pulished: August, 2021
ID: 12059
Pages: 175

Electric wheelchair market Share Size and Forecast 2026:

The global electric wheelchair market is valued at US$ 1199.1 million in 2021 and is expected to reach US$ 1639.6 million by growing at a CAGR of 4.5% over the forecast period 2021-2026.

Electric wheelchairs are motor-driven wheelchairs which also called power-driven wheelchairs. These chairs run on electric batteries and do not require any human help for movement. Electric wheelchairs are lightweight and compact after folding, so easy to carry.

According to WHO’s estimation, 1% of the global population, which counts around 75 million people globally, needs an appropriate wheelchair. However, out of these needy people, only 5% to 15% of people have access, which shows more than 85% of people are in need of a wheelchair.

There is a space for new entrants to create demand for an electric wheelchair.

Electric wheelchair market Drivers and Restraints:

Increasing orthopedic patients, post-surgery mobility requirements, the increasing global aging population are driving the demand of the market. According to a report by WHO, people above 60 years of age are susceptible to declining physical wellness; this factor can support the increasingly global market for electric wheelchairs. The global population aged 60 years and above is expected to reach 2 billion by 2050 from 900 million in 2015. The simplicity and ease of an electric wheelchair over a traditional manually driven wheelchair is another factor to consider for driving the market.

The restraints include the high cost of the electric wheelchair, lack of awareness, low government support. Various NGOs and charities make wheelchairs available locally with public donations and donate locally for needy people, which hinders the market's growth. There is a lack of WHO guidelines inlined service providing wheelchairs in the market and well-developed infrastructure.

Recent Developments:

Front wheeled-electric wheelchair:

As its name suggests, the driving wheel is on the front side. This development is done over a rear-wheel wheelchair as it is found better for rough surface and weight distribution, and it also provides more space for feet position as its batteries are placed at the rear end.

Self-driving wheelchairs are developed, but due to the high cost and maintenance cost of such wheelchairs, fewer people prefer such types of electric wheelchairs. On the other hand, standing wheelchairs are more advanced, and this gives the user a standing capability, but such types of wheelchairs are users for now.

In lightweight wheelchairs by use of carbon alloy, the weight is reduced, but it costs high over aluminum and other metals.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2020

Forecast Period

2021 - 2026

CAGR

4.5% 

Segments Covered

By type, By end-user

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Drive DeVilbiss Healthcare, Invacare (USA), Pride Mobility Products, Roma Medical, Sunrise Medical (Germany/USA), OttoBock Healthcare GmbH(Germany), Permobil (Sweden).

 Smart wheelchairs

In the past few years, by the use of technology, there are many developments and reinventions are done in the electric wheelchair design to enhance safety and mobility, which led to the invention of a smart wheelchair.

In this digital world, by using the Internet of Things, self-driven smart wheelchairs are being made, with digital twin maps and additional safety sensors. 

Major Challenges in the marketplace:

The creation of demand for an electric wheelchair is a major challenge, as globally there are less than 15% of people are using the wheelchair out of needy people. So, there is a need to increase awareness among the end-users, and also service providers, and at the policy level.

Governments are preferring for local manufacturers and at low cost. Due to high costs, people are still using traditional self-driven wheelchairs.

Competition in the marketplace:

There is direct competition between the old and new brands in the market, based on technology innovation. Due to government support for local manufacturers, local manufacturers are entering the market and making presence locally, and that reduces the place in the market for big brands. 

Due to the unavailability of low-cost electric wheelchairs in the market, many NGOs are entering the market to provide demand-based, quality products at a low cost.

Electric wheelchair market Segmentation:

By type:                              

  • Front-wheel Drive
  • Center Wheel Drive
  • Rear-wheel Drive
  • Standing Electric Wheelchair

The basis of the type of wheelchair market is segmented into four types front-wheel drive, center-wheel drive, rear-wheel drive, and standing electric wheelchair. Out of these, the front wheel driven wheelchair is the second most consumer-preferred type of wheelchair while the center wheel driven wheelchair segment has the highest demand and around 50% market share, so it is considered the major segment in the future.

By end-user:

  • Personal
  • Hospital
  • Sports conditioning

On the basis of end-user, the market is segmented in personal use, hospital use, and sports conditioning. Due to increasing emergency conditions, the hospital use wheelchair is considered to be the fastest CAGR segment in the next 4 to 5 years.

Electric wheelchair market-by geography:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle-East and Africa

North America is the largest market for electric wheelchairs, with more than 60% revenue share in 2021. Out of the total revenue share of North America, 84% revenue share is accounted by adult age category, and the drivers are low cost and low weight of the product, which led to high demand in the market.

The Europe electric wheelchair market is known for the high cost compared to other geographies because carbon alloy is used to make lightweight wheelchairs. High-cost products lead to high income and terms of revenue generation Europe follows North America. Major European players focus on providing customized products to generate high revenue.

The Asia Pacific is the fastest-growing market for electric wheelchairs and will dominate the market in the next five years with the increasing population of India and China. Due to the increase in China's aging population, China holds more than 240 million population of age more than 60years, and this will drive the electric wheelchair market in upcoming years. On the other hand, India, 2nd largest country by population, records more than 4,40,000 accidents in the year 2019 in which more than 4,50,000 injuries and more than 1,50,000 deaths create the need for a wheelchair in the market and counts in Asia pacific. China manufactures low-cost electric wheelchairs by using aluminum.

In South America, the major key players like Drive DeVilbiss Healthcare are located, bringing innovation in technology to provide user-friendly and low-cost products, thus creating the demand in South America.

Middle-East and African countries are bringing new innovations like solar charging for batteries. The market is mainly in Argentina, UAE, Brazil, and Saudi Arabia.

COVID 19 impact on the electric wheelchair market:

COVID 19 pandemic has created many difficulties for the key players in every sector. Disruptions in the supply chain and production unit have brought huge losses for the companies especially in 2021. From the start of 2021, the shares started to rise with the unlock guidelines released by the government everywhere. The electric wheelchair market shares are expected to reach the highest values in the coming years.

Major Key Players in the Market:

  • Drive DeVilbiss Healthcare
  • Invacare (USA)
  • Pride Mobility Products
  • Roma Medical
  • Sunrise Medical (Germany/USA)
  • OttoBock Healthcare GmbH(Germany)
  • Permobil (Sweden)

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Electric Wheelchair Market, By Type               

                                6.1.1 Front-wheel Drive

                                6.1.2 Center Wheel Drive            

                                6.1.3 Rear-wheel Drive 

                                6.1.4 Standing Electric Wheelchair           

                                6.1.5 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.6 Y-o-Y Growth Rate Analysis             

                                6.1.7 Market Attractiveness Index          

                6.2 Electric Wheelchair Market, By End User                       

                                6.2.1 Personal   

                                6.2.2 Hospital    

                                6.2.3 Sports conditioning             

                                6.2.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.5 Y-o-Y Growth Rate Analysis             

                                6.2.6 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region  

                7.2 North America - Market Analysis (2021 - 2026)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By End User            

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By End User            

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By End User            

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By End User            

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By End User            

8. Key Player Analysis                                    

                8.1 Drive DeVilbiss Healthcare                   

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Invacare (USA)                          

                8.3 Pride Mobility Products                         

                8.4 Roma Medical                           

                8.5 Sunrise Medical (Germany/USA)                      

                8.6 OttoBock Healthcare GmbH(Germany)                          

                8.7 Permobil (Sweden)                 

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and  also identify the regions that are still untapped
  • The segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis, and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Electric Wheelchair Market By Region, From 2021-2026 ( USD Billion )
  2. Global Electric Wheelchair Market By Type, From 2021-2026 ( USD Billion )
  3. Global Front-wheel Drive Market By Region, From 2021-2026 ( USD Billion )
  4. Global Center Wheel Drive Market By Region, From 2021-2026 ( USD Billion )
  5. Global Rear-wheel Drive Market By Region, From 2021-2026 ( USD Billion )
  6. Global Standing Electric Wheelchair Market By Region, From 2021-2026 ( USD Billion )
  7. Global Electric Wheelchair Market By End User, From 2021-2026 ( USD Billion )
  8. Global Personal Market By Region, From 2021-2026 ( USD Billion )
  9. Global Hospital Market By Region, From 2021-2026 ( USD Billion )
  10. Global Sports conditioning Market By Region, From 2021-2026 ( USD Billion )

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