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Wheelchair Tire to Augment in the Market with a CAGR of 4.8% During the Forecast Period

Author: QYResearch  |   Published Date: 2019-12-26   |   Views: 94



Los Angeles, December 26, 2019 -As mobility plays a pivotal role for people with disabilities, the global wheelchair tire market is expected to rise during the forecast period. QY Research has published a report titled “Global Wheelchair Tires Market Insights, Forecast to 2025” that discuss the opportunities that lie in the market. According to the report, the global market was worth US$362.9 mn during 2018 and is expected to rise to US$504.7 mn by the end of 2025, registering a CAGR of 4.8% during the forecast period.

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Get PDF sample copy of the report at:  https://www.qyresearch.com/sample-form/form/637232/global-wheelchair-tires-market


Diversity of Options to Boost the Demand for Global Wheelchair Tires Market

 

Wheelchairs play an important role for elderly and disabled people who cannot walk. They are extensively used due the comfort and convenience they provide. Wheelchairs are now enable control the machine with any functioning body part of the user. Wide range of wheelchairs for all age groups are available in numerous retail and online stores, which makes it easily accessible. Some of them are also customized according to the patient’s need. Wheelchairs are designed to uphold patient of any height or weight.

 

Foldable power wheelchairs are rising in popularity as they can be easily disassembled or folded. This feature helps in providing easy mobility of the equipment by any elder, disabled, or injured person. As a prescribed wheelchair can be partially or fully recovered by insurance, it is likely to be preferred by many. These factors will augment the demand for wheelchair tires market during the forecast period.

 

Air Filled Tires to Augment in the Market as it Furnishes Better Performance

 

Air filled tires provide softer ride, absorbs shock, and increase performance as it has inner tubes that separates the air pressure. Therefore, air filled wheelchair tire is likely to dominate the market. It accounts for 53% of the shares in sales in terms of volume.

 

Manual wheelchair segment is expected to augment in the future as it holds 60% of the market shares.

 

Investment in HealthCare Infrastructure to Provide Easy Availability of Wheelchairs

 

Asia Pacific is expected to lead the global market as this region held 43% of shares in 2018. This region is witnessing increased investment in healthcare infrastructure and research and development activities.

 

Kenda Tires has recently announced that its KATC research and development centre will be assisting in development of manual tire chair which will help in brining cutting edge designs for the abilities community.

 

The key players operating in the global wheelchair market are Schwalbe, Kenda Tires, Cheng Shin Rubber, Primo, INNOVA, Continental, MBL, Greentyre, IRC, and CEW.


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