Press release
Electric Wheelchair Market Utilize High end Digital Technology for Providing better Performance & Efficiency
In addition, the growing demand for advanced wheelchairs from the sports industry is also influencing the growth of this market. Need for automated mobility for disabled and elderly population, while performing regular tasks is also contributing to the growth in demand for electric wheelchairs globally.
High disposable income in countries such as the U.S., Canada, the U.K., France, Italy, Germany, and Japan is influencing a positive growth to the electric wheelchair market.
The developing economies like India, China, Brazil, Indonesia and others are expected to generate further demand for electric wheelchairs in the future. With technological advancement in the electric wheelchair industry, new products are being developed by the manufacturers with better efficiencies, functionalities and customization.
The sports industry has recently seen participation of disabled people in wheelchair based games, both indoor and outdoor. Thus, a major share of the electric wheelchair market is boosted by the demand from the sports industry globally.
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There are some challenges which the industry faces and few of those have high impacts presently such as lack of awareness and infrastructure. However, it is expected that the impacts of these factors is expected to reduce during the forecast period.
In this report, the market has been segmented based on product type and geography. It also includes drivers, restraints and opportunities (DROs), Porter’s five forces analysis and value chain of the electric wheelchair market. The study highlights current market trends and provides the forecast from 2014 to 2020.
The report covers the current market scenario for electric wheelchairs and highlights future trends that could affect the demand for the same. The global electric wheelchair market is expected to observe a steady growth rate from 2014-20120 at a very high CAGR.
By geography, the market has been segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). Based on the product types, the market has been categorized into front wheel drive wheelchairs, center wheel drive wheelchairs, rear wheel drive wheelchairs and standing electric wheelchairs. The market size and forecast from 2014 to 2020 have been provided in the report.
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TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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