Robotic Wheelchairs Market by End-user and Geography - Forecast and Analysis 2020-2024
| Published: Dec 2020 | Pages: 120 | SKU: IRTNTR44960 |
The robotic wheelchairs market size has the potential to grow by USD 240.36 million during 2020-2024, and the market's growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by end-user (residential and commercial) and geography (North America, Europe, APAC, MEA, and South America). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including DEKA Research and Development Corp., Honda Motor Co. Ltd., Matia Robotics, Merits Health Products Co. Ltd., MEYRA, Ottobock SE & Co. KGaA, Ramp USA Inc., Sunrise Medical LLC, UPnRIDE Robotics Ltd., and WHILL Inc.
Market Overview
Browse TOC and LoE with selected illustrations and example pages of Robotic Wheelchairs Market
Market Competitive Analysis
The market is concentrated. DEKA Research and Development Corp., Honda Motor Co. Ltd., Matia Robotics, Merits Health Products Co. Ltd., MEYRA, Ottobock SE & Co. KGaA, Ramp USA Inc., Sunrise Medical LLC, UPnRIDE Robotics Ltd., and WHILL Inc. are some of the major market participants. Factors such as the increasing population of physically disabled people will offer immense growth opportunities. However, high selling price of robotic wheelchairs may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this robotic wheelchairs market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and offers information on the products offered by various companies. Moreover, this robotic wheelchairs market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- DEKA Research and Development Corp.
- Honda Motor Co. Ltd.
- Matia Robotics
- Merits Health Products Co. Ltd.
- MEYRA
- Ottobock SE & Co. KGaA
- Ramp USA Inc.
- Sunrise Medical LLC
- UPnRIDE Robotics Ltd.
- WHILL Inc.
Robotic Wheelchairs Market: Segmentation by Geography
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The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. Europe will offer several growth opportunities to market vendors during the forecast period. The increased flexibility of robotic wheelchairs will significantly influence the robotic wheelchairs market's growth in this region.
36% of the market's growth will originate from Europe during the forecast period. Germany is one of the key markets for robotic wheelchairs in Europe. This report provides an accurate prediction of the contribution of all segments to the growth of the robotic wheelchairs market size.
Robotic Wheelchairs Market: Key Highlights of the Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive robotic wheelchairs market growth during the next five years
- Precise estimation of the robotic wheelchairs market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the robotic wheelchairs industry across North America, Europe, APAC, MEA, and South America
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of robotic wheelchairs market vendors
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Robotic Wheelchairs Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2019 |
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Forecast period |
2020-2024 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 16% |
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Market growth 2020-2024 |
$ 240.36 million |
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Market structure |
Concentrated |
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YoY growth (%) |
4.92 |
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Regional analysis |
North America, Europe, APAC, MEA, and South America |
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Performing market contribution |
Europe at 36% |
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Key consumer countries |
US, Germany, Sweden, Japan, and UK |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
DEKA Research and Development Corp., Honda Motor Co. Ltd., Matia Robotics, Merits Health Products Co. Ltd., MEYRA, Ottobock SE & Co. KGaA, Ramp USA Inc., Sunrise Medical LLC, UPnRIDE Robotics Ltd., and WHILL Inc. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Residential - Market size and forecast 2019-2024
- Commercial - Market size and forecast 2019-2024
- Market opportunity by End-user
Customer landscape
- Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers – Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- DEKA Research and Development Corp.
- Honda Motor Co. Ltd.
- Matia Robotics
- Merits Health Products Co. Ltd.
- MEYRA
- Ottobock SE & Co. KGaA
- Ramp USA Inc.
- Sunrise Medical LLC
- UPnRIDE Robotics Ltd.
- WHILL Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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robotic wheelchairs market market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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