Custom Wheelchair Wheels and Components Market to Value at 3.5% CAGR by 2026
May 23, 2017
Valued at US$ 5,236.5 Mn in 2015, the global custom wheelchair wheels and components market is expected to attain a value of US$ 7,535.7 Mn by 2026-end. Over a 10-year forecast period, the market will witness a CAGR of 3.5%. In a recently published report titled “Global Wheelchair and Components Market 2016-2026,” Persistence Market Research offers vital insights into various factors impacting the global wheelchairs and components market during the period 2016 – 2026.
By application, manual wheelchairs will continue to hold a dominant share of over 62% in 2026. By geography, North America’s revenue share will reportedly drop from 33.6% to 32.0% in 2026. APAC will also lose its share from 28.3% to 27.2% in 2026. Europe will however showcase significant growth, accounting for over 20% share by 2026-end.
By application, manual wheelchairs are anticipated to monopolize the market with around 70% revenue sales, whereas powered wheelchairs will capture around 18% share in 2026.
Read more: Wheelchair and Components Market to Value at 3.5% CAGR by 2026