Vehicles for Disabled Market is estimated to be US$ 7.8 billion by 2032; Growing Geriatric and Disabled Population to Fuel Market Growth

An individual with disability can use automatic transmission vehicle which are fitted with hand operated brake and accelerators. Rapidly growing population coupled with geriatric and disabled people has contributed in target market growth.

Further, rise in purchasing vehicles coupled with growing incidence of road accidents has facilitated the demand for market growth. Furthermore, rising government initiative in purchasing vehicle for disabled with lower interest rates on loans is anticipated to increase the demand for Vehicles for Disabled market growth.

The report “Vehicles for Disabled Market, By Vehicle Type (Passenger Car, Mobility Scooter, SUV/MPV, Pick-up Truck), By Manufacturer Type (Third Party Customization, OEM), By Entry Configuration (Rear Entry, Side Entry), By Driving Option (Wheelchair, Swivel Seat, Normal Seat), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Highlights:

• In September 2021, Anand Mahindra gets inspired to build an SUV (Sports Utility Vehicle). Mahindra will be developing new special edition of its 7-seater SUV and recently trademarked the name ‘Javelin’.

Analyst View:

Presence of major players and growing market consolidation activities to strengthen its position in market with mergers and acquisitions has powered the market growth. Technological advancement and increased government initiatives in purchasing vehicles is expected to boost the demand for Vehicles for Disabled market growth. As a result, market competition is intensifying, and both big international corporations and start-ups are vying to establish position in the market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Vehicles for Disabled Market, By Vehicle Type (Passenger Car, Mobility Scooter, SUV/MPV, Pick-up Truck), By Manufacturer Type (Third Party Customization, OEM), By Entry Configuration (Rear Entry, Side Entry), By Driving Option (Wheelchair, Swivel Seat, Normal Seat), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

Vehicles for Disabled Market accounted for US$ 2.6 billion in 2022 and is estimated to be US$ 7.8 billion by 2032 and is anticipated to register a CAGR of 12.0%. The Vehicles for Disabled Market is segmented based on Vehicle Type, Manufacturer Type, Entry Configuration, Driving Option, and Region.

• Based on Vehicle Type, Vehicles for Disabled Market is segmented into Passenger Car, Mobility Scooter, SUV/MPV, Pick-up Truck.
• Based on Manufacturer Type, Vehicles for Disabled Market is segmented into Third Party Customization, OEM.
• Based on Entry Configuration, Vehicles for Disabled Market is segmented into Rear Entry, Side Entry.
• Based on Driving Option, Vehicles for Disabled Market is segmented into Wheelchair, Swivel Seat, Normal Seat.
• By Region, the Vehicles for Disabled Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Competitive Landscape & their strategies of Vehicles for Disabled Market:

The prominent players operating in the Vehicles for Disabled Market includes, Toyota Motor Corporation, BraunAbility, Vantage Mobility International, Pride Mobility, Invacare, Sunrise Medical Holdings, Revability, Amigo Mobility International, KYMCO Global, Mobility Works and Others.

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