Wheelchair And Components Market Worth US$ 7,535.7 Million by 2026

Global Market Study on Wheelchair and
Components: Manual Wheelchairs Segment
Anticipated to Remain Dominant in Terms of
Volume Through 2026

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
Report Media Releases
Technological Innovation Paving Way for Global Wheelchair
and Components Market, Global Revenues Estimated at US$
7,535.7 Mn 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.
The wheelchair market will approach US$ 7.53 Bn, demonstrating a CAGR of 3.5% over
2016-2026. This market will reach 10,690.7 thousand units by 2026-end
By application, manual wheelchairs will continue to hold a dominant share of over 62% in 2026.
By geography, North America's revenue share will reportedly drop from 33.6% to 32.0% in 2026.
APAC will also lose its share from 28.3% to 27.2% in 2026. Europe will however showcase
significant growth, accounting for over 20% share by 2026-end.
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The wheelchair components market is expected to reach US$ 6.68 Bn in 2026, expanding
at a CAGR of 3.9%.
By application, manual wheelchairs are anticipated to monopolize the market with around 70%
revenue sales, whereas powered wheelchairs will capture around 18% share in 2026.
On the basis of technology, continuous fiber composites will dominate over discontinuous fiber
composites and metal. While continuous fiber composites will remain dominant with over 42%
share, metal will account for over 36% value share by 2026-end.
In terms of wheelchair components by application, hand rims and wheel rims sub-segment is
likely to account for over 36% share, closely followed by frames with over 35% share in 2026.
Augmenting aging population and increasing susceptibility to severe injuries will remain the
primary driving force for the global wheelchair and components market. Rising incidences of
road accidents leading to severe injuries are expected to further fuel the demand for wheelchairs
and components.
Growing instances of spinal cord injuries resulting in physical disability is also anticipated to
sustain the demand globally. Favorable government initiatives and funding programs for
wheelchairs will support the market.
As the wheelchair industry is undergoing several developments and innovations, the market for
wheelchair and components is anticipated to gain a boost in near future. Immense
Global Wheelchair and Components Market 2016 – 2026

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
advancements in the composites production technology will also influence the market growth
positively.
A few trends and opportunities will shape-up the market by 2026 end
Emergence of electronic control drivetrains, artificial intelligence, improved power capacities, and
multistage gearboxes will continue to play a crucial role in meeting differentiating needs of
disabled patients.
Attributed to introduction of composite materials and engineering plastics, the market is
witnessing a growing trend of demand for lightweight and ultra-lightweight wheelchairs.
Use of sensors, motor control software, wireless devices, and other technologies in wheelchairs
are a few among the trending developments in the global wheelchair and components market.
OEMs are increasingly partnering with recognized composite materials manufacturers.
Developing cost-effective products for penetrating in expanding Asian market can be lucrative in
terms of tapping into the significant growth potential in emerging economies.
The regional analysis delivers key insights into the potential of the market in various
regions across the globe
APAC is identified to have the most lucrative revenue potential; China, India, and ANZ will
prominently underpin the demand for wheelchairs and components in APAC market. The US$
1,453.3 Mn APAC market is likely to register a relatively higher CAGR of 4.0%, primarily driven
by Australia and New Zealand. China and India will also generate significant demand,
collectively accounting for over 28% share of the APAC in the global market by 2026-end.
Investments by leading wheelchair and components manufacturers are ramping up in developing
Asian and BRIC countries. Domestic demand is growing at a rapid pace, which is likely to bring
in a new wave of opportunities for manufacturers in these regions.
Over the assessed period, North America will showcase a decent growth rate. This region will
maintain a dominant share in terms of value as well as volume sales throughout the forecast
period. The growth of North American market will be primarily driven by the strong presence of a
majority of manufacturers in this region.
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Invacare Corp, Ottobock Healthcare GmbH, Permobil AB, Pride Mobility, Products Corp.,
Handicare, Sunrise Medical, Hoveround, Panthera, 21st Century Scientific, Inc., and Meyra
Wilhelm Meyer GmbH & Co. KG are a few of the key companies participating in the highly
competitive wheelchair and components marketplace.
Key players are focusing more on product innovation, in addition to introducing cost-effective
products. Moreover, leading companies are also concentrating on grasping significant share in
the retail segment through maintaining a proper value chain. Considering increasing healthcare
awareness among consumers, manufacturers are targeting top-notch positioning strategies to
win regional markets with varied product USPs.
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Global Wheelchair and Components Market 2016 – 2026

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
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Global Wheelchair and Components Market 2016 – 2026

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
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Global Wheelchair and Components Market 2016 – 2026