Global Adaptive Driving Equipment Market 2024-2028
The adaptive driving equipment market is forecasted to grow by USD 1.51 bn during 2023-2028, accelerating at a CAGR of 7.71% during the forecast period. The report on the adaptive driving equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the rising aging population, increasing urbanization leading to increased demand for adaptive driving equipment, and rising awareness about accessibility driving adaptive equipment.
Technavio's adaptive driving equipment market is segmented as below:By ApplicationPassenger car
Commercial vehicle
By TypeWheelchair and scooter lifts
Wheelchair securements
Hand controls
Swivel seatings
By GeographyNorth America
Europe
APAC
South America
Middle East and Africa
This study identifies the advancements in assistive technologies in driving adaptive equipment as one of the prime reasons driving the adaptive driving equipment market growth during the next few years. Also, increased focus on inclusive mobility solutions and the development of ai-enabled adaptive driving equipment solutions will lead to sizable demand in the market.
The report on the adaptive driving equipment market covers the following areas:Adaptive driving equipment market sizing
Adaptive driving equipment market forecast
Adaptive driving equipment market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading adaptive driving equipment market vendors that include Adapt Solutions Ltd., ATConversions, Bruno Independent Living Aids Inc., Drive Master, Elap, Electronic Mobility Controls LLC, FADIEL Italiana Srl, Focaccia Group Srl, Ford Motor Co., Freedom Motors USA, Guidosimplex srl, Handicare Group AB, Jeff Gosling Hand Controls Ltd., Kivi S.r.l, Koller Engineering Ltd., PARAVAN GmbH, Sure Grip Hand Controls, Vantage Mobility International, Veigel GmbH and Co. KG, and BraunAbility. Also, the adaptive driving equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.