Wheelchair Market by Product Type, End-Users, Geography, Vendors & Forecast to 2022

ReportsnReports.com adds "Wheelchair Market - Global Outlook and Forecast 2017 – 2022" report to its research store.

"The global wheelchair lift market is expected to cross $2.3 billion, growing at a CAGR of close to 9% during 2016-2022. Major drivers for this growth are aging population, increased incidence of lifestyle diseases such as obesity, and growth of osteoarthritis among aging population.

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The automotive end-user segment is going to have the highest market share and the outside lifts segment is likely to dominant the market. North America is expected to lead the market in terms of geography.

Scope of the Report

The report includes a detailed study of growth drivers, trends, and restraintsof the global wheelchair lift market. It also profiles the leading vendors in the market and other key vendors.

The report takes into consideration the sale of wheelchair lifts for both residential, commercial, and automotive end-users. The market for replacement and substitution of existing wheelchair lifts is considered into while arriving at the market size. The sale of vertical stairlifts, wheelchair-accommodating stairlifts in homes and businesses and those for installation in public and private vehicles were considered in the scope.

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Major Geographies
• APAC
• Europe
• Latin America
• MEA
• North America

Wheelchair lifts have turn out to be great mobility equipment for geriatric and physically disabled population, enabling them to travel between floors and high-rise buildings effectively. They are considered as the best alternative, especially for long distance travels, wherein vehicles need to be customized to accommodate and carry a wheelchair or a mobility scooter.

Wheelchair Lift Market: Key Vendor Analysis:

The wheelchair lift market can be termed as attractive one on account of the growth prospects it holds. Major vendors in the global market are BraunAbility, Harmar, ThyssenKrupp AG, Savaria, and AAT

Other vendors include Antano Group, Baronmead, SANO, Högg, EZ-Access, KSP Italia, Focaccia, Sugiyasu, D.I.D -Daido Kogyo, Kumalift.

The automotive wheelchair lifts segment is expected to grow at a CAGR of 9.78% during the forecasted period, which is the highest among other end-user segments because of advancement in technology and ever-changing lifestyle that has driven the market for customized vehicles, which employ a proper and hassle-free mechanism for wheelchair lifts. The outside lifts segment has the highest market share and is expected to grow at tremendously during the forecasted period.

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Wheelchair Lift Market: Geographical Analysis

North America to be the largest market

North America is likley to be the largest market followed by Europe. The market ranks ahead of others in terms of innovation and standards in the region, paves well for product development and market structure, wherein the competition is limited, and is often termed to be more because of customer centricity, range, and service and low price. While the demand for wheelchair lift installation in the European region is propelled by the presence of large elderly population, stringent welfare mandates for elderly and disabled, high disposable incomes, and better availability of wheelchair lift designs and solutions, the same is restrained by high prices and presence of cheaper substitutes such as ramps, portable wheelchairs, crutches, and mobility aids. The wheelchair market in APAC region is also going to witness traction due to the changes supported by government healthcare reforms.

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