Wheelchair Market - Global Outlook and Forecast 2017-2022

  • ID: 4431554
  • Report
  • Region: Global
  • 105 pages
  • Arizton
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FEATURED COMPANIES

  • AAT
  • Baronmead
  • EZ-Access
  • Harmar
  • KSP Italia
  • SANO
  • MORE
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.

The global wheelchair lift market is expected to cross $2.3 billion growing impressively at a CAGR 9% during 2016-2022. The demand is also on the rise due to innovation and product development, resulting in a broad range of customized offerings that are not only turning out to be ergonomic in design and installation but also are offering better functionality and safety features at nominal prices. Growing population of adult is also driving the market.

The report provides a holistic view of the global wheelchair lift market, the companies involved in the market, and the factors driving its growth. The report also provides information on some of the latest trends that have started to surface and are likely to become strong market driving forces over the next five years. This report also provides the Porter’s Five Forces analysis along with a description of each force and its impact on the market. Further, the report also provides complete value chain analysis of the global market.

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.

Wheelchair Lift Market Dynamics

Inclination of aging and disabled population toward active and independent living is a major driver

Increased emphasis on government and private organizations on productive and active lifestyle for disabled population is one of the emerging trend that is going to drive the market growth. Further, revolutionary shift in automotive designs and rise of electric vehicles, and better knowledge of mobility equipment among disabled and elderly population are among the other latest trends that will shape the market in a positive way. Among the major growth driving factors are medicaid and private insurance enabling expenditure on wheelchair lifts, funding and incentives for these lifts in vehicular modification, and inclination of aging and disabled population toward active and independent living. The report also includes the upcoming restraints that are going to be a major hindrance to the market growth.

Wheelchair Lift Market: Segmental Overview

Automotive wheelchair lift market to witness the highest market share.

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.

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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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • AAT
  • Baronmead
  • EZ-Access
  • Harmar
  • KSP Italia
  • SANO
  • MORE
1 Research Methodology

2 Research objectives

3 Research process

4 Report Coverage
4.1 Base Year
4.2 Scope of Study
4.2.1 Market Segmentation by End-User
4.2.2 Market Segmentation by Type
4.2.3 Market Segmentation by Lift Type
4.2.4 Market Segmentation by Power Type
4.2.5 Market Segmentation by Use in WAV Type
4.2.6 Market Segmentation by Geography

5 Report Assumptions & Caveats
5.1 Currency Conversion rate
5.2 Market Derivation

6 Market at a Glance

7 Introduction

8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Medicaid and Private Insurance Enabling Expenditure on Wheelchair Lifts
8.1.2 Funding and Incentives for Wheelchair Lifts in Vehicular Modification
8.1.3 Inclination of Aging and Disabled Population toward Active and Independent Living
8.2 Market Growth Restraint
8.2.1 High Purchase, Installation, and Maintenance Cost of Wheelchair Lifts
8.2.2 Physical and Space Limitations for Small and Medium WAVs
8.2.3 Perceptual Barriers Deterring User Experience
8.2.4 Presence of Low Expensive Alternatives Stands Major Challenge for Wheelchair Lifts
8.3 Market Opportunities & Trends
8.3.1 Increased Emphasis on Government and Private Organizations on Productive and Active Lifestyle for Disabled Population
8.3.2 Revolutionary Shift in Automotive Designs and Rise of Electric Vehicles
8.3.3 Better Knowledge of Mobility Equipment among Disabled and Elderly Population

9 Global WheelChair Lift Market
9.1 Market Overview
9.1.1 Market Size & Forecast
9.2 Porter’s Five Forces Analysis
9.2.1 Threat of New Entrants
9.2.2 Bargaining Power of Suppliers
9.2.3 Bargaining Power of Buyers
9.2.4 Threat of Substitutes
9.2.5 Competitive Rivalry

10 Wheelchair Lift Market- BY End-User
10.1 Market Overview
10.2 Wheelchair Lift for Homes
10.2.1 Market Size and Forecast
10.3 Wheelchair Lift for Businesses
10.3.1 Market Size and Forecast
10.4 Wheelchair Lift for Automotive
10.4.1 Market Size and Forecast

11 Automotive WheelChair Market Segmentation
11.1 Market Overview
11.2 Automotive Wheelchair Lift by Type
11.2.1 Inside Lifts: Market Size and Forecast
11.2.2 Hybrid Lifts: Market Size and Forecast
11.2.3 Outside Lifts: Market Size and Forecast
11.3 Automotive Wheelchair Lift by Lift Type
11.3.1 Single-arm
11.3.2 Dual-arm
11.4 Automotive Wheelchair Lift by Power Type
11.4.1 Hydraulic: Market Size and Forecast
11.4.2 Electric: Market Size and Forecast
11.5 Automotive Wheelchair Lift by Use in WAV Type
11.5.1 Commercial: Market Size and Forecast
11.5.2 Consumer

12 WheelChair Lift Market - By Geography
12.1 Market Overview
12.1.1 Market Size and Forecast

13 APAC: Wheelchair Lift Market
13.1 Market Size and Forecast
13.2 China
13.2.1 Market Size and Forecast
13.3 Japan
13.3.1 Market Size and Forecast
13.4 Other APAC Countries
13.4.1 Market Size

14 Europe: Wheelchair Market
14.1 Market Size and Forecast

15 MEA: Wheelchair Lift Market
15.1 Market Size and Forecast

16 North America: Wheelchair Lift Market
16.1 Market Size and Analysis
16.2 US: Market Size and Forecast
16.3 Canada: Market Size and Forecast

17 Latin America: Wheelchair Lift Market
17.1 Market Size and Forecast

18 Competitive Landscape
18.1 Market Structure and Mapping of Competition
18.2 Overview of Competition
18.2.1 Herfindahl-Hirschman Index

19 Key Company Profiles
19.1 BraunAbility
19.2 Harmar
19.3 ThyssenKrupp AG
19.4 Savaria Inc.
19.5 AAT

20 Other Prominent Companies
20.1 Antano Group
20.2 Baronmead
20.3 Sano
20.4 Hogg Lifesysteme
20.5 EZ - Access
20.6 KSP Italia
20.7 Focaccia Group
20.8 Sugiyasu Corp.
20.9 DID - Daido Kogyo Co.
20.1 Kumalift

21 Report Summary
21.1 Quantitative Summary of Global Wheelchair Lift Market

22 Appendix
22.1 List of Abbreviations

List of Exhibits
Exhibit 1 Segmentation of Wheelchair Lift Market
Exhibit 2 Average Healthcare Spending as a Percentage of GDP in Select Developing Countries (2012-2016)
Exhibit 3 Global Wheelchair Lift Market Size and Forecast ($ billion)
Exhibit 4 Growing Population of Adults (65+ years) Compared with Children (under 5 years) 1950-2050
Exhibit 5 Five Forces Analysis 2016
Exhibit 6 Segmentation of Global Wheelchair Lift Market by End-user
Exhibit 7 Revenue Growth Rate Comparison of Wheelchair Lift Market by End-user
Exhibit 8 Home Wheelchair Lift Market Size and Forecast ($ million)
Exhibit 9 Business Wheelchair Lift Market Size and Forecast ($ million)
Exhibit 10 Automotive Wheelchair Lift Market Size and Forecast ($ million)
Exhibit 11 Segmentation of Automotive Wheelchair Lift
Exhibit 12 Inside Automotive Wheelchair Lift Market Size and Forecast ($ million)
Exhibit 13 Revenue of Hybrid Automotive Wheelchair Lift Market Size and Forecast ($ million)
Exhibit 14 Outside Automotive Wheelchair Lift Market Size and Forecast ($ million)
Exhibit 15 Automotive Single-arm Wheelchair Lift Market Size and Forecast ($ million)
Exhibit 16 Automotive Dual-arm Wheelchair Lift Market Size and Forecast ($ million)
Exhibit 17 Hydraulic Powered Automotive Wheelchair Lift Market Size and Forecast ($ million)
Exhibit 18 Electric Powered Automotive Wheelchair Lift Market Size and Forecast ($ million)
Exhibit 19 Automotive Wheelchair Lift for Commercial Use in WAV Market Size and Forecast ($ million)
Exhibit 20 Consumer Automotive Wheelchair Lift Market Size and Forecast ($ million)
Exhibit 21 Segmentation of Wheelchair Lift Market by Geography
Exhibit 22 Revenue Growth Rate Comparison of Wheelchair Lift Market by Geography 2017-2022
Exhibit 23 APAC Wheelchair Lift Market Size and Forecast ($ million)
Exhibit 24 China Wheelchair Lift Market Size and Forecast ($ million)
Exhibit 25 Adult Population aged 60+ and 80+ in China and India (2000-2050)
Exhibit 26 Total Fertility Rate of Japan 1960-2015
Exhibit 27 Japan Wheelchair Lift Market Size and Forecast ($ million)
Exhibit 28 Other APAC Countries Wheelchair Lift Market Size 2016-2022 ($ million)
Exhibit 29 Average Birthrate Comparison of Various Geographies (Birthrate per 1,000 Population)
Exhibit 30 Europe Wheelchair Lift Market Size and Forecast ($ million)
Exhibit 31 Life Expectancy in Middle East Countries (years)
Exhibit 32 MEA Wheelchair Lift Market Size and Forecast ($ million)
Exhibit 33 North America Wheelchair Lift Market Size and Forecast ($ million)
Exhibit 34 Elderly Population in Age Group of 65 and above in US (million)
Exhibit 35 Elderly Population Aged 65 and Above as a Percentage of Total US Population
Exhibit 36 US Wheelchair Lift Market Size and Forecast ($ million)
Exhibit 37 Percentage of US Population with Disability Type by Age Group (2015)
Exhibit 38 Canada Wheelchair Lift Market Size and Forecast ($ million)
Exhibit 39 Percentage of Population in Age Group of 65 Years and above (Latin America and Caribbean)
Exhibit 40 Incidence of Physical Disability in Latin America 2016 (Percentage of total disability population)
Exhibit 41 Latin America Wheelchair Lift Market Size and Forecast ($ million)
Exhibit 42 Overview of Market Concentration in Various Geographies 2016 (as illustrated by HHI)

List of Tables
Table 1 Key Geographies Definition
Table 2 Key Caveats
Table 3 Currency Conversion 2013-2016
Table 4 Awareness Levels in Target Segment over Various Mobility-assisting Equipment in Key Countries 2016
Table 5 Some of Governments’ Initiatives in Healthcare Sector
Table 6 Major Drivers for Wheelchair Lifts Demand in Other APAC Countries
Table 7 Percentage of Population above 65 years Old in Various European Countries
Table 8 Percentage of US Population with Disability by Age Group (2015)
Table 9 Global Wheelchair Lift Market Size and Forecast by Geographies
Table 10 Wheelchair Lift Market Size and Forecast by End-users
Note: Product cover images may vary from those shown
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  • D.I.D – Daido Kogyo
  • Focaccia
  • KSP Italia
  • EZ-Access
  • Högg
  • SANO
  • Baronmead
  • Antano Group
  • AAT
  • Kumalift
  • Sugiyasu
  • Savaria
  • Harmar
  • ThyssenKrupp AG
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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