Vehicles for Disabled Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 10.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Vehicles for Disabled Market Analysis
The Vehicle for disabled Market is anticipated to register a CAGR of about 10 %, during the forecast period (2020 - 2025).
- The major factors that will drive the market growth during the forecast period include increase in the population of disabled and aged people, road accidents which cause disabilities, and government initiatives to empower these people with employment and financial aids.
- The population of disabled people in the world is around 1 billion which is expected to go up during the forecast period, due to the increasing road accidents and other accidents.
- In India alone, in the year 2018, the number of road accidents reported were around 467,000 cases.
- Due to the Covid-19 situation, the economic activities have come to a standstill. Many people are expected to lose their jobs or receive less salary. This will affect the demand side of the automotive for some time during the forecast period. But this situation is expected to become normal very shortly after the situation comes to be under control.
Vehicles for Disabled Market Trends
This section covers the major market trends shaping the Vehicle For Disabled Market according to our research experts:
Two-Wheeler Segment is expected to be the Market Leader
Among vehicle types, the two-wheeler segment is expected to be the market leader during the forecast period. Two-wheelers are modified for the use of disabled persons by adding attachments to provide support. With the developments in a mobility scooter, which can be used for indoor and outdoor movements as they operate with a safe speed of 8-12 Kmph. Many mobility scooter manufacturers are investing in research & developments to bring out more innovative products to attract disabled people. There have been various advancements in the market to make mobility scooters more efficient. For instance, in March 2019, Aurrigo, a UK-based autonomous vehicle specialist began testing self-driving mobility solutions for the blind and disabled. This product can go up to a speed of 15 mph in an off-road environment. The product will have a larger target audience as most of the manufacturers are providing mobility solutions for those who cannot walk but have proper eyesight. This product is expected to serve better for the people who are both visually impaired and physically disabled
Asia-Pacific Likely to Capture Major Market
The region is expected to exhibit the highest growth rate during the forecast period. Owing to the increasing average age of the population in countries like Japan and China. The region has the largest population share in the world and with the old age group contributed to the majority of people. The government is taking care of the situation by providing amenities and infrastructure for the people so that they can commute easily. For instance, building ramps in all government offices and buildings so that the vehicles of disabled people can easily be moved around. The government is also providing financial aids for people who want to buy vehicles for the disabled by allowing them easy finance options and lower interest rates on loans, no toll tax while traveling between the cities or countries in the region. These initiatives are encouraging people to buy vehicles for disabled which in turn creating a potential demand in the market.
Vehicles for Disabled Industry Overview
The competition in the market is moderate currently but in the future the competition is likely to increase as independent entity companies, which redesign the vehicle structure, have been widely developing these vehicles currently, but in the coming years, even the popular automakers planning to capture this market demand. For instance:
In July 2019, Nissan introduced Versa Go for people with disability in Mexico. With this product, the OEM manufacturer became first to come up with a mobility option for people with disability in the region.
Vehicles for Disabled Market Leaders
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Toyota Mobility
-
GM Coachwork
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Focaccia Group Srl
-
Revability
-
AMS Vans LLC
*Disclaimer: Major Players sorted in no particular order
Vehicles for Disabled Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
-
4.4 Porters Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
-
5.1 Vehicle Type
- 5.1.1 Two-Wheeler
- 5.1.2 Four Wheeler
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5.2 Driving Option
- 5.2.1 Swivel Seat
- 5.2.2 WheelChair
- 5.2.3 Normal Seat
-
5.3 Entry Configuration
- 5.3.1 Side Entry
- 5.3.2 Rear Entry
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5.4 Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.2 Europe
- 5.4.2.1 Germany
- 5.4.2.2 United Kingdom
- 5.4.2.3 France
- 5.4.2.4 Rest of Europe
- 5.4.3 Asia Pacific
- 5.4.3.1 India
- 5.4.3.2 China
- 5.4.3.3 Japan
- 5.4.3.4 South Korea
- 5.4.3.5 Rest of Asia-Pacific
- 5.4.4 Rest of the World
- 5.4.4.1 Brazil
- 5.4.4.2 United Arab Emirates
- 5.4.4.3 Other Countries
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
-
6.2 Company Profiles
- 6.2.1 Toyota Mobility
- 6.2.2 Revability
- 6.2.3 AMS Vans LLC
- 6.2.4 Mobility Networks
- 6.2.5 GM Coachwork
- 6.2.6 Vantage Mobility
- 6.2.7 Pride Mobility
- 6.2.8 Electric Mobility Euro
- 6.2.9 Brotherwood Automobility
- 6.2.10 Focaccia Group Srl
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityVehicles for Disabled Industry Segmentation
The vehicle for disabled market covers the latest trends and technological developments as well as provides analysis on various areas of the market demand by vehicle type with different seating arrangements and entry configuration offered for disable. Regional and country-level analysis and market share of major vehicle manufacturing companies for disabled market across the globe will be provided in the scope of the report.
| Vehicle Type | Two-Wheeler | |
| Four Wheeler | ||
| Driving Option | Swivel Seat | |
| WheelChair | ||
| Normal Seat | ||
| Entry Configuration | Side Entry | |
| Rear Entry | ||
| Geography | North America | United States |
| Canada | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Rest of Europe | ||
| Geography | Asia Pacific | India |
| China | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Rest of the World | Brazil |
| United Arab Emirates | ||
| Other Countries |
Vehicles for Disabled Market Research FAQs
What is the current Vehicle for Disabled Market size?
The Vehicle for Disabled Market is projected to register a CAGR of greater than 10% during the forecast period (2024-2029)
Who are the key players in Vehicle for Disabled Market?
Toyota Mobility, GM Coachwork, Focaccia Group Srl , Revability and AMS Vans LLC are the major companies operating in the Vehicle for Disabled Market.
Which is the fastest growing region in Vehicle for Disabled Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Vehicle for Disabled Market?
In 2024, the North America accounts for the largest market share in Vehicle for Disabled Market.
What years does this Vehicle for Disabled Market cover?
The report covers the Vehicle for Disabled Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Vehicle for Disabled Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Vehicles for Disabled Industry Report
Statistics for the 2024 Vehicles for Disabled market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Vehicles for Disabled analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
