Electric Wheelchair Tires Market Size 2031 | Drivers and Opportunities
The Electric Wheelchair Tires Market is expected to register a CAGR of 5.1% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX million by 2031.
The report is segmented by Electric Wheelchair Tires Market by Products (Dry-Battery Electric Wheelchairs and Wet-Battery Electric Wheelchairs), End-User (Hospital and Clinic), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Electric Wheelchair Tires Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Electric Wheelchair Tires Market Segmentation
Products- Dry-Battery Electric Wheelchairs and Wet-Battery Electric Wheelchairs
- Hospital and Clinic
Strategic Insights
Electric Wheelchair Tires Market Growth Drivers- Aging population: There is an increasing demand for mobility aids, such as electric wheelchairs, as the world's population ages. Because diseases like arthritis and other age-related illnesses can make it difficult for older persons to move around, there is a growing need for dependable, comfortable electric wheelchairs with sturdy tires.
- Increasing Disability Rates: There is an increasing demand for mobility aids, such as electric wheelchairs, as the world's population ages. Because diseases like arthritis and other age-related illnesses can make it difficult for older persons to move around, there is a growing need for dependable, comfortable electric wheelchairs with sturdy tires..
- Customization and Personalization: Governments and health organizations are enhancing their regulations on hygiene in health settings. This will find compliance in the form of high-performance medical vacuum filters, thereby creating more demand in the market. An increased age level and chronic conditions are presently prompting more surgical operations across the world, meaning a higher demand for medical vacuum systems along with effective filtration for waste management and proper sanitary conditions.
- Tire Technologies: Improved traction, durability, and comfort are now possible because of the advancements in material science application and design. For consumers who need dependable mobility solutions, features like puncture resistance and all-terrain capabilities are becoming more and more crucial.
- Smart technology: The user/consumer experience is being improved by the integration of smart technologies, such as sensors that track tire pressure and performance, into electric wheelchairs. These developments call for tire designs that are suitable and able to accommodate these qualities.
- Rising Disability Rates: Medical technology advancements have increased the survival rates of a number of illnesses that can cause disability, including serious brain injuries and spinal cord injuries. As a result, the number of people living with impairments is rising. For example, these kinds of injuries result in over 80,000 new cases of impairment per year.
- Recognition of new disabilities: Numerous new ailments are becoming more widely known, including mental health issues, autism, and chronic fatigue syndrome. Due to increased awareness, more people are seeking diagnosis and treatment, which could lead to an increase in reported rates of disability. They often require wheelchairs for which the demand for electric wheelchair tires are increasing.
- Tailored Solutions: Customization of smart/electric wheelchairs by companies especially to fulfill different requirements pertaining to various healthcare settings will increase customer satisfaction. The custom-made solution will allow companies to come up with tailor-made solutions relevant to hospitals, clinics, and surgical centers including personal use.
- Disability rates: Disability rates in the U.S. Population: In the United States, 13% of people reported having a disability as of 2023; this percentage is expected to rise as a result of demographic changes and other causes. Although it has improved, the employment-to-population ratio for individuals with disabilities is still far lower than for those without disabilities.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Electric Wheelchair Tires Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Electric Wheelchair Tires Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Recognition of new disabilities
Europe region is expected to witness a high growth rate in terms of CAGR after Asia Pacific region during the forecast period
Asia Pacific region is expected to witness the highest growth during the forecast period
The Electric Wheelchair Tires Market is estimated to witness a CAGR of 5.1% from 2023 to 2031
Aging Population is the driving factor impacting the electric wheelchair tires market
High Cost of some products
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Electric Wheelchair Tires Market - By Products
1.3.2 Electric Wheelchair Tires Market - By End-User
1.3.3 Electric Wheelchair Tires Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ELECTRIC WHEELCHAIR TIRES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. ELECTRIC WHEELCHAIR TIRES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ELECTRIC WHEELCHAIR TIRES MARKET - GLOBAL MARKET ANALYSIS
6.1. ELECTRIC WHEELCHAIR TIRES - GLOBAL MARKET OVERVIEW
6.2. ELECTRIC WHEELCHAIR TIRES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ELECTRIC WHEELCHAIR TIRES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCTS
7.1. OVERVIEW
7.2. PRODUCTS MARKET FORECASTS AND ANALYSIS
7.3. DRY-BATTERY ELECTRIC WHEELCHAIRS
7.3.1. Overview
7.3.2. Dry-Battery Electric Wheelchairs Market Forecast and Analysis
7.4. WET-BATTERY ELECTRIC WHEELCHAIRS
7.4.1. Overview
7.4.2. Wet-Battery Electric Wheelchairs Market Forecast and Analysis
8. ELECTRIC WHEELCHAIR TIRES MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITAL
8.3.1. Overview
8.3.2. Hospital Market Forecast and Analysis
8.4. CLINIC
8.4.1. Overview
8.4.2. Clinic Market Forecast and Analysis
9. ELECTRIC WHEELCHAIR TIRES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Electric Wheelchair Tires Market Overview
9.1.2 North America Electric Wheelchair Tires Market Forecasts and Analysis
9.1.3 North America Electric Wheelchair Tires Market Forecasts and Analysis - By Products
9.1.4 North America Electric Wheelchair Tires Market Forecasts and Analysis - By End-User
9.1.5 North America Electric Wheelchair Tires Market Forecasts and Analysis - By Countries
9.1.5.1 United States Electric Wheelchair Tires Market
9.1.5.1.1 United States Electric Wheelchair Tires Market by Products
9.1.5.1.2 United States Electric Wheelchair Tires Market by End-User
9.1.5.2 Canada Electric Wheelchair Tires Market
9.1.5.2.1 Canada Electric Wheelchair Tires Market by Products
9.1.5.2.2 Canada Electric Wheelchair Tires Market by End-User
9.1.5.3 Mexico Electric Wheelchair Tires Market
9.1.5.3.1 Mexico Electric Wheelchair Tires Market by Products
9.1.5.3.2 Mexico Electric Wheelchair Tires Market by End-User
9.2. EUROPE
9.2.1 Europe Electric Wheelchair Tires Market Overview
9.2.2 Europe Electric Wheelchair Tires Market Forecasts and Analysis
9.2.3 Europe Electric Wheelchair Tires Market Forecasts and Analysis - By Products
9.2.4 Europe Electric Wheelchair Tires Market Forecasts and Analysis - By End-User
9.2.5 Europe Electric Wheelchair Tires Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Electric Wheelchair Tires Market
9.2.5.1.1 Germany Electric Wheelchair Tires Market by Products
9.2.5.1.2 Germany Electric Wheelchair Tires Market by End-User
9.2.5.2 France Electric Wheelchair Tires Market
9.2.5.2.1 France Electric Wheelchair Tires Market by Products
9.2.5.2.2 France Electric Wheelchair Tires Market by End-User
9.2.5.3 Italy Electric Wheelchair Tires Market
9.2.5.3.1 Italy Electric Wheelchair Tires Market by Products
9.2.5.3.2 Italy Electric Wheelchair Tires Market by End-User
9.2.5.4 Spain Electric Wheelchair Tires Market
9.2.5.4.1 Spain Electric Wheelchair Tires Market by Products
9.2.5.4.2 Spain Electric Wheelchair Tires Market by End-User
9.2.5.5 United Kingdom Electric Wheelchair Tires Market
9.2.5.5.1 United Kingdom Electric Wheelchair Tires Market by Products
9.2.5.5.2 United Kingdom Electric Wheelchair Tires Market by End-User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Electric Wheelchair Tires Market Overview
9.3.2 Asia-Pacific Electric Wheelchair Tires Market Forecasts and Analysis
9.3.3 Asia-Pacific Electric Wheelchair Tires Market Forecasts and Analysis - By Products
9.3.4 Asia-Pacific Electric Wheelchair Tires Market Forecasts and Analysis - By End-User
9.3.5 Asia-Pacific Electric Wheelchair Tires Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Electric Wheelchair Tires Market
9.3.5.1.1 Australia Electric Wheelchair Tires Market by Products
9.3.5.1.2 Australia Electric Wheelchair Tires Market by End-User
9.3.5.2 China Electric Wheelchair Tires Market
9.3.5.2.1 China Electric Wheelchair Tires Market by Products
9.3.5.2.2 China Electric Wheelchair Tires Market by End-User
9.3.5.3 India Electric Wheelchair Tires Market
9.3.5.3.1 India Electric Wheelchair Tires Market by Products
9.3.5.3.2 India Electric Wheelchair Tires Market by End-User
9.3.5.4 Japan Electric Wheelchair Tires Market
9.3.5.4.1 Japan Electric Wheelchair Tires Market by Products
9.3.5.4.2 Japan Electric Wheelchair Tires Market by End-User
9.3.5.5 South Korea Electric Wheelchair Tires Market
9.3.5.5.1 South Korea Electric Wheelchair Tires Market by Products
9.3.5.5.2 South Korea Electric Wheelchair Tires Market by End-User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Electric Wheelchair Tires Market Overview
9.4.2 Middle East and Africa Electric Wheelchair Tires Market Forecasts and Analysis
9.4.3 Middle East and Africa Electric Wheelchair Tires Market Forecasts and Analysis - By Products
9.4.4 Middle East and Africa Electric Wheelchair Tires Market Forecasts and Analysis - By End-User
9.4.5 Middle East and Africa Electric Wheelchair Tires Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Electric Wheelchair Tires Market
9.4.5.1.1 South Africa Electric Wheelchair Tires Market by Products
9.4.5.1.2 South Africa Electric Wheelchair Tires Market by End-User
9.4.5.2 Saudi Arabia Electric Wheelchair Tires Market
9.4.5.2.1 Saudi Arabia Electric Wheelchair Tires Market by Products
9.4.5.2.2 Saudi Arabia Electric Wheelchair Tires Market by End-User
9.4.5.3 U.A.E Electric Wheelchair Tires Market
9.4.5.3.1 U.A.E Electric Wheelchair Tires Market by Products
9.4.5.3.2 U.A.E Electric Wheelchair Tires Market by End-User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Electric Wheelchair Tires Market Overview
9.5.2 South and Central America Electric Wheelchair Tires Market Forecasts and Analysis
9.5.3 South and Central America Electric Wheelchair Tires Market Forecasts and Analysis - By Products
9.5.4 South and Central America Electric Wheelchair Tires Market Forecasts and Analysis - By End-User
9.5.5 South and Central America Electric Wheelchair Tires Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Electric Wheelchair Tires Market
9.5.5.1.1 Brazil Electric Wheelchair Tires Market by Products
9.5.5.1.2 Brazil Electric Wheelchair Tires Market by End-User
9.5.5.2 Argentina Electric Wheelchair Tires Market
9.5.5.2.1 Argentina Electric Wheelchair Tires Market by Products
9.5.5.2.2 Argentina Electric Wheelchair Tires Market by End-User
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL ELECTRIC WHEELCHAIR TIRES MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Rest of the World
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. ELECTRIC WHEELCHAIR TIRES MARKET, KEY COMPANY PROFILES
12.1. SCHWALBE
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. KENDA TIRES
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. CHENG SHIN RUBBER
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. PRIMO
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. INNOVA
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. CONTINENTAL
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. MBL
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. GREENTYRE
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. IRC
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. CEW
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Schwalbe
2. Kenda Tires
3. Cheng Shin Rubber
4. Primo
5. INNOVA
6. Continental
7. MBL
8. Greentyre
9. IRC
10. CEW
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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