Global Wheelchair Ramps Market Analysis - By Type (Threshold Ramps, Suitcase Ramps, Trifold Ramps, Modular Ramps, Others), By Region (North America, Europe, Asia-Pacific, CSA, MEA), End-Use Landscape, Vendor Landscape, Company Market Share & Competitor Analysis - Forecasts To 2025 - Global Market Estimates
Wheelchair Ramps Market Insights
The Global wheelchair ramps market is projected to grow at a significant CAGR during the forecast period. Factors such as a rise in the proportion of geriatric population and awareness about providing mobility solutions to disabled individuals are expected to drive growth in the market. According to a report by the World Health Organization, 15% of the world population is combating physical disability.
Organizations are building physical infrastructure to facilitate installation of ramps for wheelchairs. Apart from buildings, wheelchair ramps are being manufactured for vans, trucks, and SUVs as well. Wheelchair ramps are lightweight and user-friendly and can be installed and dismantled easily. However, concerns with respect to affordability are expected to hinder growth in the wheelchair ramps market up to a certain extent.
Wheelchair Ramps Market: By Type Insights
The Wheelchair Ramps market can be segmented based on basis of type into threshold ramps, suitcase ramps, trifold ramps, and modular ramps among others. Threshold wheelchair ramps are expected to hold the largest market share in terms of revenue during the forecast period. Majority residential and commercial buildings with an exterior doorway have threshold ramps to enable wheelchair mobility. The portable wheelchair ramps segment is expected to grow at the highest CAGR owing to its versatility and availability of variety. These ramps can be used for cars and temporary travel. They are easy to install, carry, and can be loaded on to vehicles easily.
Wheelchair Ramps Market: Regional Insights
North America is expected to be the largest market for wheelchair ramps in terms of revenue. Accessibility to a wide variety of wheelchair ramps, infrastructure favorable to the installation of ramps and high disposable income of people have come factors expected to contribute to the high market share in the region. Asia Pacific region is expected to grow at the highest CAGR due to the growing demand for wheelchair ramps in countries such as India. Investment in healthcare infrastructure and growing awareness about providing mobility to disabled and aged population are factors affecting the wheelchair market positively in the region.
Wheelchair Ramps Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase Wheelchair Ramps over the coming years. Some companies which are currently using Wheelchair Ramps and are likely to purchase it in future are Apollo Hospitals, El Camino Hospital, and Bumrungrad International Hospital among others
Wheelchair Ramps Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Wheelchair Ramps Market: Share & Competitor Analysis
Some of the key players operating in the Wheelchair Ramps market are Titan Manufacturing and Distributing INC., EZ-Access, Prairie View Industries, Drive Medical, Living Free Home, Homecare America, American Access, Inc., American Lift Aids, Handi-Ramp and Roll-a-Ramp among others.
Please note: This is not an exhaustive list of companies profiled in the report.
Companies are exploring opportunities to develop 3D printed wheelchair ramps. The major benefit of this method is accuracy of measurement and cost effectiveness.
In May 2018, Jamican Government allocated USD 50 million for installation of wheelchair ramps in schools
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The global Wheelchair Ramps Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Wheelchair Ramps Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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