USD 100 million
Report ID:
SQMIG25A2330 |
Region:
Global |
Published Date: November, 2024
Pages:
220
|Tables:
59
|Figures:
70
Robotic Wheelchairs Market size was valued at USD 126 Million in 2023 and is poised to grow from USD 139.61 Million in 2024 to USD 310.24 Million by 2032, growing at a CAGR of 10.8% during the forecast period (2025-2032).
The commercial segment is estimated to record the highest CAGR during the forecast period owing to increased adoption of robotic wheelchairs in airports, theme parks, hospitals and tourist destinations. The changing lifestyle for global robotic wheelchairs market for business develops. The robotic wheelchair combines intelligent robotic technology with an electric wheelchair. It is an advanced wheelchair that uses sensors and artificial intelligence to navigate, detect obstacles and move automatically. Robotic wheelchairs are advanced manual wheelchairs. There are different types in the market. These devices can make life easier for many people with disabilities, especially those with mild disabilities, by increasing their mobility.
Steady growth in the number of elderly and disabled people, increase in disposable income of consumers, increase in R&D, increase in demand for advanced wheelchairs from sports facilities, and technology of attack technology innovations in industry are the main drivers of the robots. The availability of various technologically advanced robotic wheelchair accessories has increased the number of customers. This is expected to drive market growth in the coming years.
Although, the major challenge to the growth of the global robotic wheelchairs market is high labor costs and lack of knowledge about robotic wheelchairs, this is especially true in developing economies. Additionally, regular wheelchair maintenance increases operating costs. Some wheelchairs are battery operated, which also require the wheelchair to be plugged in regularly.
Global Market Size
USD 100 million
Largest Segment
Commercial
Fastest Growth
Residential
Growth Rate
10.8% CAGR
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Global Robotic Wheelchairs Market is segmented by Technology, function, application, end user and region. Based on Technology the market is segmented into Smart Wheelchairs, Power Wheelchairs with Robotic Attachments. Based on Control Mechanism, the market is segmented into Manual Control, Semi-Autonomous Control, Autonomous Control. Based on Driver location, the market is segmented into Rear-wheel drive, Front-Wheel drive and Mid-Wheel drive. Based on Applications, the market is segmented into Residential and Commercials. Based on Distribution Channels, the market is segmented into Retail and E-commerce. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Distribution Channels
The e-commerce segment is dominating the market and advanced technology will bring new opportunities to the market. Leading brands in this industry are partnering with online retailers to increase their customer base and expand product availability. Additionally, e-portals are being introduced to facilitate the buying process of customers. In addition, robotic features were incorporated into the product due to advanced technology incorporated into powered wheelchairs. Benefits of this wheelchair include Internet of Things, navigation models and sensors. To promote free assistance, companies have developed wheelchairs with robotic features. For instance, the Central Mechanical Engineering Research Institute of the Scientific and Technical Research Council has developed an intelligent autonomous robotic wheelchair with automatic braking with mechanical, self-regulating course, able obstacles detection, ground level detection, and Features such as a small bending radius for inclusive navigation.
Retail outlets play an important role in the global robotic wheelchairs market by acting as the primary channel for consumers to access and purchase these products. Retail chains allow customers to access a robotic wheelchair at physical stores or online platforms. This availability increases consumer awareness and encourages the use of robotic wheelchairs in individuals with limited mobility. Dealers are offering potential customers the opportunity to experience and learn about robotic wheelchairs themselves. Through product demonstrations and knowledgeable staff, salespeople educate consumers on the features, benefits and functionality of a robotic wheelchair to help them make informed purchasing decisions.
Analysis by Applications
Commercial is the dominating segment in the market. The increasing use of robotic wheelchairs in hospitals, airports, tourist destinations and social service houses is expected to fuel the growth in the commercial segment of the global robotic wheelchairs market during the forecast period. In Singapore, Panasonic and Will Inc. has developed autonomous robotic wheelchairs that can be controlled by smartphones and used in hospitals and airports along with robotic wheelchairs in commercial areas such as hospitals, airports, primary care homes and tourist attractions. Artificial intelligence and sensors are reducing weight from robotic wheelchairs. In the robotic wheelchair market, this has placed more emphasis on research and development.
Residential applications accounted for 82.9 percent of the total market share. Robot wheelchairs are gaining household popularity for their ability to provide independent assistance in indoor activities. By combining brain and neural network technology, Dr. Nicholas of Universidad Miguel Hernández in Spain has developed a robotic wheelchair for internal research.
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North America is dominating the market and held the largest market share at 33.0 percent due to the US. due to growing demand. Robotic wheelchairs for mobility assistance are being introduced mainly due to the rapid adoption of technology and increasing aging population e.g., University of Toronto Engineering Department and Institute of Aerospace Studies (UTIAS) and CyberWorks Robotics Inc. collaborated on wheelchair robotic automation The supply chain was moving this market.
Asia-Pacific has emerged as a growing global robotic wheelchairs market and is expected to grow at a CAGR of 10% during the forecast period The demands of this segment are primarily driven by technological advancements by companies and industries as they are starting to make it easier for people to live. Research on wheelchair types in Taiwan developed an intelligent robotic wheelchair with navigation software and obstacle detection for the elderly and disabled Chiba Institute of Technology (CIT) and other universities and institutions many developed robotic wheelchairs, such as the Robotic Wheelchair and the Self-E Wheelchair and use the control system.
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Drivers
Growing Older Population is Driving the Market
Commercial And Technological Developments are Driving this Market
Restraints
Undervalued Debt Hampers the Market
Cost-effective Maintenance-free Procedures
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The competitive environment of the Global Robotic Wheelchairs Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. During the forecast period, the demand for robotic wheelchairs is expected to evolve from independent mobility, elderly people, accident victims and people requiring assistance in mobility by the industry for the new developments in the market. Key players in the robotic wheelchair market include Sunrise Medical LLC, Invacare Corporation, Parmobil Corporation, Meyra GmbH, Karman Healthcare, Otobok SE & Co., and Matia Robotics, Upnaride Robotics, Deka Research and Development, and Will Inc.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The rapid growth of robotic wheelchairs in the global market is providing new incentives for savvy consumers to buy this product. Even though robotic wheelchairs are sold at a premium, manufacturers see an opportunity to absorb this segment sooner rather than later. What, the latest development in robotic wheelchairs that allows them to be interchangeable and they can be changed. Advancements made wheelchairs a self-help answer for disabled Furthermore, extending sound systems to address the versatility of robotic wheelchairs is considered as an important paradigm in robotic wheelchairs market. In any case, there are a couple of ground players with strong networks in different counties. Organizations strengthen their position by constantly deploying new business (R&D) resources to find answers to the constraints of customer needs.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 100 million |
Market size value in 2031 | USD 280 million |
Growth Rate | 10.8% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Robotic Wheelchairs Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Robotic Wheelchairs Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Robotic Wheelchairs Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Report ID: SQMIG25A2330
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