According to a new market report published by Lucintel, the future of the global differently-abled vehicle market looks promising with opportunities in passenger car, SUV/MPV, pick-up truck and mobility scooter segments. The global differently-abled vehicle market is expected to grow with a CAGR of 12% from 2021 to 2026. The major drivers for this market are increasing population of differently-abled people, improving healthcare infrastructure, and rising per capita income.
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In this market, passenger car, SUV/MPV, pick-up truck and mobility scooter are the major vehicle types used to manufacture autonomous tractors. On the basis of comprehensive research, Lucintel forecasts that mobility scooter will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to the less costly way to travel independently both indoors and outdoors and people with physical challenges prefer mobility scooter over wheelchair due to better efficiency and the less manual effort needed.
Within the global differently-abled vehicle market, the ramp segment is expected to witness the highest growth over the forecast period due to the advancement in technology and strategic implications in business development of vehicle for differently-abled people.
APAC is expected to remain the largest market and witness the highest growth rate over the forecast period due to the increasing developments in healthcare infrastructure, increasing awareness towards mobility solution along with several initiatives by private organizations as well as governments of the countries.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing demand for mobility solutions for differently-abled people, growth of advanced technological advancement and increasing demand for quality and safe healthcare services by the differently-abled people. Toyota Motor Corporation, Vantage Mobility International, BraunAbility, Revability, Mobility Works, Pride Mobility, Sunrise Medical Holding, Invacare, KYMCO Global, and Amigo Mobility International are among the major suppliers of the vehicle for differently-abled market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global differently-abled vehicle market by vehicle type, manufacturer type, and entry configuration, entry mechanism, driving option and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Differently-abled Vehicle Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global differently-abled vehicle market by vehicle type, manufacturer type, and entry configuration, entry mechanism, driving option and region, as follows:
By Vehicle Type [Value ($ Million) from 2015 to 2026]:
Passenger Car
SUV/MPV
Pick-up Truck
Mobility Scooter
By Manufacturer Type [Value ($ Million) from 2015 to 2026]:
OEM
Third-Party Customization
By Entry Configuration [Value ($ Million) from 2015 to 2026]:
By Entry Mechanism [Value ($ Million) from 2015 to 2026]:
By Driving Option [Value ($ Million) from 2015 to 2026]:
Driving on Swivel Seat
Driving through Wheelchair
Driving on Normal Seat
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.