The vehicles for disabled market are projected to reach USD 6.3 billion by 2027 from an estimated USD 3.06 billion in 2020, at a CAGR of 10.9 % during the forecast period. 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 provides 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 automotive industry is witnessing rapid technological progress and increasing innovation in vehicles in order to cater to the geriatric population and people with disability. Rising trend to boost mobility for people with disability in order to offer comfortable and safer mode of mobility has led to the introduction of vehicle for disabled. Advent of the vehicle for disabled has made driving a more independent, comfortable, and safer experience for disabled and geriatric people. Moreover, in countries such as the U.S. and Japan, where the geriatric population is a rapidly increasing population segment, the adoption of vehicle for disabled is likely to rise, thereby offering enhanced mobility for geriatric people. This is a major factor that is anticipated to boost the demand for vehicle for disabled in the near future.
Vehicles for disabled are considerably expensive, which hampers their adoption in developing and under-developed countries. However, developed countries where the geriatric population is increasing witnessed a significant rise in adoption of these vehicles, owing to the high purchasing capacity, high standard of living, high vehicle driving population, and demand for safer and pleasant drive in these countries. Majority of vehicles for disabled have been witnessed in developed regions and countries such as U.S., Europe, and Japan. Moreover, vehicles for disabled provide a user-friendly option to people with disability. This is anticipated to augment the demand for vehicle for disabled in the near future.
However, the high costs may hamper the growth of the multivendor ATM software market during the forecast period. Nevertheless, growing awareness of mobility solutions is expected to create key growth opportunities for the multivendor ATM software market.
The adaptive four-wheeler vehicle for disabled market is led by globally and regionally established players such as Toyota Motor Corporation (Japan), Vantage Mobility International (US), BraunAbility (US), Revability (US), and Mobility Works (US). The mobility scooter vehicle for disabled market is led by globally and regionally established players such as Pride Mobility (US), Sunrise Medical Holdings (Germany), Invacare (US), KYMCO Global (Taiwan), and Amigo Mobility International (US).
North America is expected to be the largest market, followed by Europe. The region comprises developed economies such as the US and Canada. The region is the home of many leading players such as Vantage Mobility International, Braunability, Revability, Inc., and Mobility Works.
There are various government and private associations in the US working for disabled people. The association includes Accessible Vans of America (AVA), National Mobility Equipment Dealers Association (NMEDA), National Highway Traffic and Transportation Safety Administration (NHTSA) and Wheelers Accessible Van (WAV) Rentals. Factors such as technological advancements for better fuel efficiency and the advent of electric vehicles for disabled people have, in turn, augmented the demand for such vehicles in this region. Leading car-sharing service providers in major US and Canada are finding ways to exploit the exciting opportunities in the market through the introduction of WAV taxi services.
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 provides 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 automotive industry is witnessing rapid technological progress and increasing innovation in vehicles in order to cater to the geriatric population and people with disability. Rising trend to boost mobility for people with disability in order to offer comfortable and safer mode of mobility has led to the introduction of vehicle for disabled. Advent of the vehicle for disabled has made driving a more independent, comfortable, and safer experience for disabled and geriatric people. Moreover, in countries such as the U.S. and Japan, where the geriatric population is a rapidly increasing population segment, the adoption of vehicle for disabled is likely to rise, thereby offering enhanced mobility for geriatric people. This is a major factor that is anticipated to boost the demand for vehicle for disabled in the near future.
Vehicles for disabled are considerably expensive, which hampers their adoption in developing and under-developed countries. However, developed countries where the geriatric population is increasing witnessed a significant rise in adoption of these vehicles, owing to the high purchasing capacity, high standard of living, high vehicle driving population, and demand for safer and pleasant drive in these countries. Majority of vehicles for disabled have been witnessed in developed regions and countries such as U.S., Europe, and Japan. Moreover, vehicles for disabled provide a user-friendly option to people with disability. This is anticipated to augment the demand for vehicle for disabled in the near future.
However, the high costs may hamper the growth of the multivendor ATM software market during the forecast period. Nevertheless, growing awareness of mobility solutions is expected to create key growth opportunities for the multivendor ATM software market.
The adaptive four-wheeler vehicle for disabled market is led by globally and regionally established players such as Toyota Motor Corporation (Japan), Vantage Mobility International (US), BraunAbility (US), Revability (US), and Mobility Works (US). The mobility scooter vehicle for disabled market is led by globally and regionally established players such as Pride Mobility (US), Sunrise Medical Holdings (Germany), Invacare (US), KYMCO Global (Taiwan), and Amigo Mobility International (US).
North America is expected to be the largest market, followed by Europe. The region comprises developed economies such as the US and Canada. The region is the home of many leading players such as Vantage Mobility International, Braunability, Revability, Inc., and Mobility Works.
There are various government and private associations in the US working for disabled people. The association includes Accessible Vans of America (AVA), National Mobility Equipment Dealers Association (NMEDA), National Highway Traffic and Transportation Safety Administration (NHTSA) and Wheelers Accessible Van (WAV) Rentals. Factors such as technological advancements for better fuel efficiency and the advent of electric vehicles for disabled people have, in turn, augmented the demand for such vehicles in this region. Leading car-sharing service providers in major US and Canada are finding ways to exploit the exciting opportunities in the market through the introduction of WAV taxi services.
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