Vehicles For Disabled Market

Vehicles For Disabled Market Size (2023 - 2028):

The Global Vehicles For Disabled Market was worth US$ 3.86 billion in 2022 and is anticipated to reach a valuation of US$ 7.28 billion by 2028 and is predicted to register a CAGR of 11.42% during 2023-2028.

Rising emphasis on providing equality to disabled people in terms of accessibility & mobility solution and making better healthcare infrastructure in developing countries is predicted to spice up the market.

Market Drivers:

The Global Vehicles for Disabled Market is increasing due to the increasing government initiatives in developing mobility services, infrastructure facilities, and providing simple accessibility. Additionally, the innovations in technology and hiking cater to people with disability, and the geriatric population is another factor imposing a positive outlook on market growth. However, the rising need for safety and quality health services led to contribute to the expansion of the business.

Market Restraints:

The high cost related to the vehicles and lack of medical reimbursement are factors restraining the expansion of the worldwide market.

Market Recent Developments:

• Laws are alleged to benefit citizens. But an amendment made to the Central automobiles Acts to make sure that folks with disabilities can have a secure ride on the road has hit a roadblock because the state doesn't have any authorized facility to certify modifications made to two-wheelers and four-wheelers.
• India's largest car producer Maruti will launch a singular model, albeit for a social cause and not for any commercial motive. the corporate is ready to roll out, the "ZEN AX EASY DRIVE" the country's first unique car for disabled people.
• Global ride-hailing company Uber has announced the launch of two new unique products uberACCESS and uberASSIST in India (Bengaluru), supported by Mphasis, a number one cloud and cognitive services provider, as a neighborhood of their Corporate Social Responsibility (CSR) initiative.

VEHICLES FOR DISABLED MARKET REPORT COVERAGE:

Market Segmentation:

Vehicles For Disabled Market - By Vehicle Type:

• Passenger Car 
• SUV/MPV 
• Pick-up Truck 
• Mobility Scooter 

The mobility scooter segment is predicted to grow fastest among others during the foreseen period. Mobility scooters are electric variants that represent low cost and offer the ability to travel indoors and outdoors. People with a disability chose mobility scooters over electric wheelchairs because of better efficiency and less manual effort needed. Many mobility scooter manufacturers are funding research & developments to bring more innovative products to draw in disabled people. There are various advancements to form mobility scooters more efficient. As an example, mobility scooters can move at a speed of 4 to 8 mph, and therefore the seats of those scooters are adjustable consistent with the peak of the person. Factors like rising government initiatives & schemes, an increase in the number of orthopedic diseases, and technological advancement are more likely to propel the market of mobility scooters for the disabled.

Vehicles For Disabled Market - By Manufacturer Type:

• OEM 
• Third-Party Customization 

Vehicles For Disabled Market - By Entry Configuration:

• Side Entry 
• Rear Entry 

Vehicles For Disabled Market - By Entry Mechanism:

• Ramp 
• Lifting Equipment 

Vehicles For Disabled Market - By  Driving Option:

• Driving on Swivel Seat 
• Driving through Wheelchair 
• Driving on a Normal Seat 

Increasing technology within the industry has significantly facilitated to the supply of quick access for a wheelchair in an automobile. Wheelchair Accessible Vehicle Converters have created a way of independence for people affected by mobility disabilities. Disabled persons and their families are more likely to put in such systems to support comfortable commuting over modified vehicles. The critical trend of wheelchair-accessible vehicle converters is a hiking sense of independence in disabled people to perform basic tasks like driving cars on their own. Advanced mechatronics systems are helping out to make wheelchair-accessible vehicle converters system safe, efficient, and economical. An increasing trend of mobility assisting devices and technology further boosts the business.

Market Regional Analysis:

The Global Vehicles For Disabled Market Report includes the segmentation of regions:

• North America - U.S, Canada
• Europe – Norway, Germany, Sweden
• Asia Pacific- China, India, Japan
• Latin America – Brazil, Mexico, Argentina
• Middle East and Africa

North America is predicted to be the most critical market in vehicles for the disabled. The region comprises developed economies like the US and Canada. The area is the home of many leading players like Vantage Mobility International, Braunability, Revability, Inc., and Mobility Works. There are various government and personal associations within the US working for disabled people. The association includes Accessible Vans of America (AVA), the National Mobility Equipment Dealers Association (NMEDA), the National Highway Traffic and Transportation Safety Administration (NHTSA), and Wheelers Accessible Van (WAV) Rentals. Factors like technological advancements for better fuel efficiency and therefore the advent of electric vehicles for disabled people have, in turn, augmented the demand for such cars in this region. Leading car-sharing service providers in the major US and Canada are finding ways to take advantage of the exciting opportunities within the market through the introduction of WAV taxi services.

The Asia Pacific vehicles for the disabled market is predicted to witness the fastest growth during the forecast period. The market growth within the region can be attributed to the increasing developments in healthcare infrastructure, spreading awareness towards mobility solutions alongside several initiatives by private organizations also as governments of the countries. Moreover, Japan’s expanding aged population and government initiatives are driving the growth of advanced technology for vehicles made for disabled people within the nation. Toyota is leading the marketplace for such vehicles in Japan. The corporate has invested heavily to develop autonomous cars for disabled people.

Market Key Players:

The Vehicles For Disabled Market is led by globally and regionally established players such as

1. Toyota Motor Corporation (Japan)
2. Vantage Mobility International (US)
3. BraunAbility (US)
4. Revability (US)
5. Mobility Works (US)
6. Pride Mobility (US)
7. Sunrise Medical Holdings (Germany)
8. Invacare (US)
9. KYMCO Global (Taiwan)
10. Amigo Mobility International (US).