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The Vehicles For Disabled Market to record a stellar CAGR in the next 10 years

Businesses across different industries are striving not only to reopen but also to grow. Business leaders are leveraging the rescue packages from the government to restructure themselves with digital conversions and agile organizational structures. They are taking swift actions to get ready for greater resilience and better productivity in a future where the usual business does not exist. The industry leaders are investing in future technologies to automate facilities and physical processes to comply with social distancing norms.

The industrial sector is transforming towards centralized and automated non-core tasks. The businesses are evaluating and re-aligning service capabilities and network models to adapt with the new normal. To overcome the impact of disrupted supply chain models, the businesses are creating transparent system with help of big data, connected ecosystem and intelligent system. Besides all the organizational level changes, the market players in industrial sector are increasing work safety precautions to fall in line with the social-distancing norms issued by the government.

Global Vehicles for Disabled Market: Introduction

The Vehicles for Disabled is basically vehicle which has self-navigating wheelchair, it is design to transport a disabled person form one place to its destination place. The wheelchair of vehicle is equipped with a digital camera, a scanning ultrasonic rangefinder, and an on-board microcomputer. The Vehicles for Disabled has wide ramp and more height as compared to the normal vehicle, it provide easy entry and exit for the disabled person. The vehicle has latching tailgate with easy release handle secures the manual fold out for a safe and clatter free ride.

The Vehicles for Disabled also has car top wheelchair carrier that conveniently lifts and stores wheelchair in a weatherproof rooftop compartment.

Global Vehicles for Disabled Market: Segmentation

Globally, the Vehicles for Disabled market can be segmented on the basis of vehicle type, personal use, entry mechanism, driving seat, entry design, manufacturer type, etc.

Based on the Vehicle Type, the global Vehicles for Disabled market can be segmented into,

  • Passenger Car
  • Mobility Scooter
  • SUV

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Based on the Personal Use, the global Vehicles for Disabled market can be segmented into,

  • Healthcare
  • Material Handling
  • Grocery & Retail

Based on the Entry Mechanism, the global Vehicles for Disabled market can be segmented into,

  • Lifting Equipment
  • Ramp

Based on the Driving Seat, the global Vehicles for Disabled market can be segmented into,

  • Swivel Seat
  • Wheelchair
  • Normal Seat
  • Programmable Turning Seat

Based on the Entry Design, the global Vehicles for Disabled market can be segmented into,

  • Rear Entry
  • Side Entry

Based on the Manufacturer Type, the global Vehicles for Disabled market can be segmented into,

  • OEM
  • Customized Manufacturing

Global Vehicles for Disabled Market: Dynamics

Increasing accident rate is eventually increasing the population of disabled people. According to the global road crash statistics of World Health Organization (WHO), nearly each year 1.25 million people die in road accidents, on average 3,287 deaths a day and 20-50 million are injured or disabled. This factor is expected to drive the demand of vehicles for disabled market in the near future.

However, lack of medical reimbursement and high cost is anticipated to lower down the sales of Vehicles for Disabled people.

Global Vehicles for Disabled Market: Regional Outlook

Government policies and technological advancements adopted by economically developed countries such as US and Canada expected to propel the demand of Vehicles for Disabled in North America region. Increase in awareness about the mobility solutions and growth in various orthopedic surgeries is increasing the demand for disabled vehicles in Europe region. Due to increase in road accidents, there is an increase in growth of disabled people. The government providing mobility and infrastructure solutions in the Asia Pacific region.

Aforementioned factor is estimated that the Asia Pacific market will experience significant growth during the forecast period. Latin America is expected to follow by Asia Pacific region and anticipated to follow same trend over the forecast period. Hence the global Vehicles for Disabled market is estimated to grow with a healthy rate over the forthcoming years in the global as well as the regional markets.

Global Vehicles for Disabled Market: Market Participants

Prominent players focusing on expansion of product offering of the Vehicles for Disabled market. For instance, BraunAbility increases its product offering by adding BraunAbility® Turny® Evo seat in mobility transportation solution business. BraunAbility® Turny® Evo is a rotating seat which is suitable for SUVs, vans, and trucks. Moreover, Toyota Motor Corporation exhibited the Concept-i Ride at Tokyo Motor Show. The concept focused on a built-in artificial intelligence (AI) and make easier to get in Vehicles for Disabled people.

Some of the key players involved in the global vehicles for disabled market include

  • Toyota Motor Corporation
  • BraunAbility
  • Pride Mobility
  • Sunrise Medical Holdings
  • Invacare Corporation
  • KYMCO Global
  • Vantage Mobility International
  • Amigo Mobility International, Inc.
  • Mobilit Works
  • Revability, Inc.

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