Wheelchair And Components Market Worth US$ 7,535.7 Million by 2026
Valued at US$ 5,236.5 Mn in 2015, the global wheelchair and components market is expected to attain a value of US$ 7,535.7 Mn by 2026-end. Over a 10-year forecast period, the market will witness a CAGR of 3.5%. In a recently published report titled “Global Wheelchair and Components Market 2016-2026,” Persistence Market Research offers vital insights into various factors impacting the global wheelchairs and components market during the period 2016 – 2026.
Valued at US$ 5,236.5 Mn in 2015, the global wheelchair and components market is expected to attain a value of US$ 7,535.7 Mn by 2026-end. Over a 10-year forecast period, the market will witness a CAGR of 3.5%. In a recently published report titled “Global Wheelchair and Components Market 2016-2026,” Persistence Market Research offers vital insights into various factors impacting the global wheelchairs and components market during the period 2016 – 2026.
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Global <strong>Market</strong> Study on <strong>Wheelchair</strong> and<br />
<strong>Components</strong>: Manual <strong>Wheelchair</strong>s Segment<br />
Anticipated to Remain Dominant in Terms of<br />
Volume Through <strong>2026</strong>
P e r s i s t e n c e M a r k e t R e s e a r c h<br />
Report Media Releases<br />
Technological Innovation Paving Way for Global <strong>Wheelchair</strong><br />
and <strong>Components</strong> <strong>Market</strong>, Global Revenues Estimated at <strong>US$</strong><br />
7,<strong>535.7</strong> Mn <strong>by</strong> <strong>2026</strong><br />
Valued at <strong>US$</strong> 5,236.5 Mn in 2015, the global wheelchair and components market is expected to<br />
attain a value of <strong>US$</strong> 7,<strong>535.7</strong> Mn <strong>by</strong> <strong>2026</strong>-end. Over a 10-year forecast period, the market will<br />
witness a CAGR of 3.5%. In a recently published report titled “Global <strong>Wheelchair</strong> and<br />
<strong>Components</strong> <strong>Market</strong> 2016-<strong>2026</strong>,” Persistence <strong>Market</strong> Research offers vital insights into<br />
various factors impacting the global wheelchairs and components market during the period 2016<br />
– <strong>2026</strong>.<br />
The wheelchair market will approach <strong>US$</strong> 7.53 Bn, demonstrating a CAGR of 3.5% over<br />
2016-<strong>2026</strong>. This market will reach 10,690.7 thousand units <strong>by</strong> <strong>2026</strong>-end<br />
By application, manual wheelchairs will continue to hold a dominant share of over 62% in <strong>2026</strong>.<br />
By geography, North America's revenue share will reportedly drop from 33.6% to 32.0% in <strong>2026</strong>.<br />
APAC will also lose its share from 28.3% to 27.2% in <strong>2026</strong>. Europe will however showcase<br />
significant growth, accounting for over 20% share <strong>by</strong> <strong>2026</strong>-end.<br />
Download Sample Report @ http://www.persistencemarketresearch.com/samples/12961<br />
The wheelchair components market is expected to reach <strong>US$</strong> 6.68 Bn in <strong>2026</strong>, expanding<br />
at a CAGR of 3.9%.<br />
By application, manual wheelchairs are anticipated to monopolize the market with around 70%<br />
revenue sales, whereas powered wheelchairs will capture around 18% share in <strong>2026</strong>.<br />
On the basis of technology, continuous fiber composites will dominate over discontinuous fiber<br />
composites and metal. While continuous fiber composites will remain dominant with over 42%<br />
share, metal will account for over 36% value share <strong>by</strong> <strong>2026</strong>-end.<br />
In terms of wheelchair components <strong>by</strong> application, hand rims and wheel rims sub-segment is<br />
likely to account for over 36% share, closely followed <strong>by</strong> frames with over 35% share in <strong>2026</strong>.<br />
Augmenting aging population and increasing susceptibility to severe injuries will remain the<br />
primary driving force for the global wheelchair and components market. Rising incidences of<br />
road accidents leading to severe injuries are expected to further fuel the demand for wheelchairs<br />
and components.<br />
Growing instances of spinal cord injuries resulting in physical disability is also anticipated to<br />
sustain the demand globally. Favorable government initiatives and funding programs for<br />
wheelchairs will support the market.<br />
As the wheelchair industry is undergoing several developments and innovations, the market for<br />
wheelchair and components is anticipated to gain a boost in near future. Immense<br />
Global <strong>Wheelchair</strong> and <strong>Components</strong> <strong>Market</strong> 2016 – <strong>2026</strong>
P e r s i s t e n c e M a r k e t R e s e a r c h<br />
advancements in the composites production technology will also influence the market growth<br />
positively.<br />
A few trends and opportunities will shape-up the market <strong>by</strong> <strong>2026</strong> end<br />
Emergence of electronic control drivetrains, artificial intelligence, improved power capacities, and<br />
multistage gearboxes will continue to play a crucial role in meeting differentiating needs of<br />
disabled patients.<br />
Attributed to introduction of composite materials and engineering plastics, the market is<br />
witnessing a growing trend of demand for lightweight and ultra-lightweight wheelchairs.<br />
Use of sensors, motor control software, wireless devices, and other technologies in wheelchairs<br />
are a few among the trending developments in the global wheelchair and components market.<br />
OEMs are increasingly partnering with recognized composite materials manufacturers.<br />
Developing cost-effective products for penetrating in expanding Asian market can be lucrative in<br />
terms of tapping into the significant growth potential in emerging economies.<br />
The regional analysis delivers key insights into the potential of the market in various<br />
regions across the globe<br />
APAC is identified to have the most lucrative revenue potential; China, India, and ANZ will<br />
prominently underpin the demand for wheelchairs and components in APAC market. The <strong>US$</strong><br />
1,453.3 Mn APAC market is likely to register a relatively higher CAGR of 4.0%, primarily driven<br />
<strong>by</strong> Australia and New Zealand. China and India will also generate significant demand,<br />
collectively accounting for over 28% share of the APAC in the global market <strong>by</strong> <strong>2026</strong>-end.<br />
Investments <strong>by</strong> leading wheelchair and components manufacturers are ramping up in developing<br />
Asian and BRIC countries. Domestic demand is growing at a rapid pace, which is likely to bring<br />
in a new wave of opportunities for manufacturers in these regions.<br />
Over the assessed period, North America will showcase a decent growth rate. This region will<br />
maintain a dominant share in terms of value as well as volume sales throughout the forecast<br />
period. The growth of North American market will be primarily driven <strong>by</strong> the strong presence of a<br />
majority of manufacturers in this region.<br />
Download Report Table of Content, Figures, and Tables @<br />
http://www.persistencemarketresearch.com/market-research/wheelchair-andcomponents-market/toc<br />
Invacare Corp, Ottobock Healthcare GmbH, Permobil AB, Pride Mobility, Products Corp.,<br />
Handicare, Sunrise Medical, Hoveround, Panthera, 21st Century Scientific, Inc., and Meyra<br />
Wilhelm Meyer GmbH & Co. KG are a few of the key companies participating in the highly<br />
competitive wheelchair and components marketplace.<br />
Key players are focusing more on product innovation, in addition to introducing cost-effective<br />
products. Moreover, leading companies are also concentrating on grasping significant share in<br />
the retail segment through maintaining a proper value chain. Considering increasing healthcare<br />
awareness among consumers, manufacturers are targeting top-notch positioning strategies to<br />
win regional markets with varied product USPs.<br />
Browse Complete Report @ http://www.persistencemarketresearch.com/marketresearch/wheelchair-and-components-market.asp<br />
Global <strong>Wheelchair</strong> and <strong>Components</strong> <strong>Market</strong> 2016 – <strong>2026</strong>
P e r s i s t e n c e M a r k e t R e s e a r c h<br />
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Global <strong>Wheelchair</strong> and <strong>Components</strong> <strong>Market</strong> 2016 – <strong>2026</strong>
P e r s i s t e n c e M a r k e t R e s e a r c h<br />
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Global <strong>Wheelchair</strong> and <strong>Components</strong> <strong>Market</strong> 2016 – <strong>2026</strong>