Press release
Electric Wheelchair Market to Surpass US$4.40 bn by 2020, Need for Tech-enabled Mobility Drives Growth
Browse Market Research Report @
http://www.transparencymarketresearch.com/electric-wheelchair-market.html
The need for mobility products and services is rising faster than ever before as a sizeable portion of the world’s population ages. Many of the older consumers in developed countries, who were born during the baby boom, have considerable earnings at their disposal and are at ease using technologically advanced products to simplify their everyday chores. Electric wheelchairs, being one such product, are witnessing a spike in demand in countries such as the United States, the United Kingdom, Germany, France, China, South Korea, and Japan.
However, for some consumers, the high price tag of electric wheelchairs could lead to the postponement or cancellation of a purchase decision. Thus, bringing feature-rich yet competitively priced electric wheelchairs is a strategy that will pay off well for companies in the global electric wheelchair market. At the same time, many consumers can afford advanced mobility products but aren’t aware about the presence of such products on the market and the means to procure them. This lack of awareness could translate to lost opportunities for companies in the electric wheelchair market.
The report divides the electric wheelchair market into sub-markets based on the following criteria: type and geography. By type, the market has been segmented into front wheel drive, rear wheel drive, center wheel drive electric wheelchairs, and standing electric wheelchair. The findings of the report indicate that center wheel drive electric wheelchairs contributed the highest percentage to the market’s revenue. This segment held a share of over 50% in the market in 2013. The demand for electric chairs based on a front wheel drive is expected to grow at an encouraging pace, and will come second only to the center wheel drive segment. The front wheel drive segment is poised to exhibit a 25.3 % CAGR from 2014 through 2020.
Likewise, on the basis of geography, the market has been segmented into the following regions for a more in-depth analysis: North America, Asia Pacific, Europe, and Rest of the World. The market for electric wheelchairs was the largest in North America in 2014, states the report. The demand for electric wheelchairs is expected to rise steadily in countries in the region, thanks essentially to the affluence of elderly consumers here and the overall increase in the elderly population. The North America electric wheelchairs market was trailed by Europe, which was followed by Asia Pacific. Europe and APAC collectively contributed about 40% of the revenue to the global market.
Fill the form for an exclusive sample of this report @
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4198
Companies that currently rake in considerable revenue in the global electric wheelchair market are: Sunrise Medical, Invacare Corp., Permobil Corp., Pride Mobility Products Corp, Handicare, Ottobock Healthcare GmbH, Drive Medical Ltd., Medort, and Hoveround Corp.
About Us :
Transparency Market Research (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.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business Contact.
About Us :
Transparency Market Research (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.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business Contact.
Contact Us :
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electric Wheelchair Market to Surpass US$4.40 bn by 2020, Need for Tech-enabled Mobility Drives Growth here
News-ID: 515878 • Views: …
More Releases from TMR
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the…
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031.
The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The…
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its…
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,…
More Releases for Transparency
Transparency Market Research
A belt drive is a type of power transmission device which is a looped belt wound around a pair of pulley so as to transmit power between two or more rotating shafts. Compared to other power transmitting devices, belt drives are more preferred in mechanical industry due to easy installation, numerous speed ratio selections, less power loss and comparative low price. Belt drive protects the rotating machinery from overload fluctuations…
Transparency Market Research
An ultrasonic motor is an electric motor which is driven by the ultrasonic vibration of a component. The stator of the motor is supported by piezoelectric components in ultrasonic frequency range which produces different types of vibrations depending on its arrangement. In other words, ultrasonic motor is a type of electric motor that transforms ultrasonic physical vibrations to linear motion, produced by a piezo-transducer. Ultrasonic motors therefore do not use…
Transparency Market Research
The global Li-Fi market is expected to exhibit growth at a robust pace between 2016 and 2023. Massive bandwidth owing to the growing RF spectrum crunch, together with a high degree of security and energy efficiency are expected to bolster the global Li-Fi market.
While the features offered by Li-Fi and visible light communications (VLC) are quite similar, unlike the latter, Li-Fi does not require line-of-sight between receiver and transmitter. The…
Transparency Market Research
A new research report published by Transparency Market Research states that the global dental bone graft substitutes and other biomaterials market is expected to grow due to the continuous rise in periodontal (gum) diseases along with growing incidence of dental fractures. The report, titled “Dental Bone Graft Substitutes and other Biomaterials Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, is available for sale on…
eProcurement: Instant Transparency
ifm Achieves Better Prices in Indirect Procurement with JAGGAER solution
Vienna | Research Triangle, NC, USA | Essen, August 09, 2017 – ifm, the specialist for sensors in automation technology, has said goodbye to manual processing in indirect procurement once and for all. With the eProcurement digital procurement tool from JAGGAER, provider of the world’s most comprehensive Source to Pay (S2P) indirect and direct solution suite, more than 6000 employees…
More transparency in Engineering IT
CPO certification helps evaluate openness of IT systems
Digitalization is making openness in the linking of IT solutions increasingly important. The Code of PLM Openness (CPO), developed by the ProSTEP iViP Association, supplies a concrete approach for achieving precisely that. Fraunhofer IAO has now developed an effective certification for companies, which helps them comply with the CPO criteria.
Industrie 4.0 requires intensified collaboration between various tools and systems. Only when…
