Vehicle for Disabled

Vehicle for Disabled

Global Vehicle for Disabled market has witnessed a stable growth in the historical years. Vehicle for disabled are used for commuting disabled people with certain mobility issue and require specialized equipment which can be accommodated into the vehicles and help it for easy ingress, egress and driving of the vehicles. Additionally, this type of vehicle are more focused towards people with some disability, aging people as well as people suffering from any temporary ailment. Considering the targeted customers the vehicles are integrated with smart technologies which would help easy usage and ease the mobility of the people.

The Vehicle for Disabled Market is expected to grow at a significant rate of around 7.44% during the forecast period (2024-2032). One of the key factors that has attributed to the rising demand for the vehicle for disables is higher number of automotive companies progressing in the domain with their new-age vehicle equipped with the facility to be used by disabled customers. With the growing number of options for the same the available choices would also increase and help build a robust demand for vehicles for disabled. For instance, in 2023, Toyota Mobility announced to launch its inclusive electric vehicle at Paris Olympics 2024. According to Toyota it believes in inclusivity due to which it has used its vehicles designed with last-mile service and transport for the people with accessibility needs.

Considering the upsurge in the demand for vehicle options with ease of commute for people with disability the demand for Vehicle for Disabled would also increase in the forthcoming years. Additionally, many of the governments across the globe has focused on the adoption of vehicles for disabled and provided various tax rebates, subsidies, etc., which would reduce the cost and help the buyers to opt for such vehicles.

Considering all the changes such as the government support is further anticipated to rise further promoting the demand for the Vehicle for Disabled during 2024-2032.

• Based on Vehicle Type, the vehicle for disabled market has been segmented into passenger cars, MPV/SUV, Pickup, and Mobility Scooters. Of these mobility scooters have held a sizable market share across the globe. Some of the key factors attributing to the growth are increasing usage of mobility scooters in highly traffic and congested areas where these can offer a good role in mobility. Some other segments such as passenger cars, MPV/SUVs have also exhibited rapid growth in recent years which would help the market to grow.
• Based on the manufacturer type, the market is segmented into OEM and Aftermarket. Of these OEM segment has exhibited a remarkable growth during 2022-2023. With the increasing number of automotive manufacturers focusing on providing more cars with facilities easing the ingress and egress of the passengers with disability, the respective segment has shown a remarkable growth.
• For a better understanding of the market adoption of the Vehicle for Disabled market, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, France, U.K., Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Asia Pacific holds a significant share of the Vehicle for Disabled market and is anticipated to maintain a steady growth rate over the forecast period. Asia Pacific has a vast automotive industry, and it is looking forward to comprehensively supporting research & development around automotive challenges and their potential technological solutions. Additionally, the region has also focused on providing various policy measures in order to increase the vehicle ownership among the people with disabilities.
• Some of the major players operating in the market include Pride Mobility, Toyota Mobility, Tga Mobility, Hoveround Corporation, Rev Group Mobility, AMS Vans, Mobility Networks (Holdings), Lewis Reed (WAV) Ltd, Vantage Mobility LLC, and Electric Mobility Euro Ltd.