Powered Wheelchairs Tire Market Size, Share, Analysis 2031

Report Description

Powered Wheelchairs Tire Market Outlook

The Global Powered Wheelchairs Tire Market was valued at USD 266.8 Million in 2022 and is expected to reach USD 555.5 Million in 2031, expanding at a CAGR of 8.5% during the forecast period.

Power wheelchairs are referred to as electric wheelchairs or power chairs. It is a mobility device that is designed to help individuals who are unable to walk or move on their own. It differs from a manual wheelchair, in that it is powered by an electric motor and a rechargeable battery.

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Powered wheelchair tires have an immediate effect on the performance, comfort, and safety of the wheelchairs. Wheelchair tires are available in sizes that range from up to 6 inches, 6 inches to 10 inches, and over 10 inches. The size and width of the tire have an impact on the chair's stability, maneuverability, and overall performance. Narrow tires are maneuverable, whereas wide tires provide stability.

All wheelchairs require periodic maintenance for proper operation. Regular maintenance is required to ensure the durability and efficiency of wheelchair tires. Checking tire pressure (for pneumatic tires), inspecting for wear and tear, and replacing tires as needed are all part of regular maintenance.

The global Powered Wheelchairs Tire market is slightly impacted by Covid-19, due to the disruption in the supply chain and limitations in the cross broader transactions. The supply chain was disrupted in the initial stage of the lockdown, which declined the manufacturing of Powered Wheelchairs Tires.

Powered Wheelchairs Tire Market Dynamics

Driver: Rising Aging Population

Growing focus on producing mobility aids, such as powered wheelchairs, due to the increasing aging population, is driving the market. Insurance coverage and assistance from government programs encourage seniors to purchase these devices. People are inclined to experience mobility issues as they age, due to age-related conditions, such as osteoporosis or neurological disorders.

These mobility issues range from walking difficulties to the requirement of full-time mobility assistance. According to the World Health Organization, 1 in 6 people in the world is expected to be aged 60 years or over by 2030. The share of the population aged 60 years and over is expected to increase from 1 billion in 2020 to 1.4 billion.

Driver: Increasing Disability Rates

Disability rates cover a broad range of conditions, from mobility impairments resulting from injuries to the spinal cord to degenerative disorders such as multiple sclerosis. Demand for various types of powered wheelchairs is driven by these diverse needs. Rehabilitation centers and medical centers play an important role in assessing and recommending mobility aids to people with disabilities.

These institutions commonly recommend powered wheelchairs, which aid in the growth of the market. For instance, an estimated 1.3 billion people, or 16% of the global population experience a significant disability. This number is growing, due to an increase in the number of noncommunicable diseases and decreasing death rate.

Restraint: Regulatory Compliances

Regulatory organizations such as the United States Food and Drug Administration (also known as the FDA) in the US, the European Medicines Agency (EMA) in Europe, or equivalent agencies in other regions establish strict safety standards for medical devices, including powered wheelchairs and parts such as tires. Regulatory compliance requires stringent assurance and quality control procedures throughout the production process.

Manufacturers must adhere to Good Manufacturing Practices (GMP) to ensure the consistency and reliability of their products. Meeting the demands of regulators add to the financial burden of manufacturers. This results in cost-cutting measures, compromising the product quality or development in highly competitive markets.

Opportunity: Technological Advancements

Continuous advancements in tire technology provide manufacturers with opportunities to develop high-performance, long-lasting, and comfortable power wheelchair tires. Airless or foam-filled tire technology removes the risk of flat tires and reduces maintenance requirements. These Airless or foam-filled tire are puncture-resistant and provide users with a smooth and reliable ride.

Incorporation of smart sensors into powered wheelchair tires enables real-time monitoring of tire pressure, wear and tear, and tread condition. This information is sent to users or healthcare providers, allowing for proactive maintenance and safety improvements powered wheelchairs tire.

 Scope of Powered Wheelchairs Tire Market Report

The report on the global Powered Wheelchairs Tire market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Powered Wheelchairs Tire Market Segmental Outlook

The Global Powered Wheelchairs Tire market is segmented on the basis of Type, Tire Size, Application, Distribution Channel, and regions.

By Type

Based on Type, the global Powered Wheelchairs Tires Market is segmented into Pneumatic Tires, Solid & Foam Filled Tires and Caster Tires. The Pneumatic Tires segment held XX% value share of the market in 2022, and is expected to expand at XX% CAGR between 2023 and 2031.

These tires are designed with an empty inner space or chamber filled with compressed air or nitrogen to provide high weight-carrying efficiency along with a negligible weight of the filled air in it. These tires are typically made up of natural and synthetic rubber.

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By Tire Size

Based on Tire Size, the global powered wheelchairs tires market is segmented into Up to 6 Inches, 6 Inch to 10 Inch and Above 10 Inch. The 6 Inch to 10 Inch segment held XX% value share of the market in 2022, and is expected to expand at XX% CAGR between 2023 and 2031.

The large diameter of these tires enhances the load-carrying capacity. Additionally, the large diameter provides increased comfort by absorbing the shocks comparatively to the small tires.

By Application

Based on Application, the global Powered Wheelchairs Tires Market is segmented into Rear Wheel Drive Powered Wheelchair, Front Wheel Drive Powered Wheelchair and Center Wheel Drive Powered Wheelchair.

The Rear Wheel Drive Powered Wheelchair segment held XX% value share of the market in 2022, and is expected to expand at XX% CAGR between 2023 and 2031. Rear Wheel Drive Powered Wheelchair offers several advantages, such as excellent control and stability. Rear-wheel drive powered wheelchairs are most suited for outdoor and long-distance use.

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By Distribution Channel

Based on distribution channel, the global powered wheelchairs tires market is segmented into online and offline. The online segment held XX% value share of the market in 2022, and is expected to expand at XX% CAGR between 2023 and 2031.

The online segment is anticipated to grow rapidly, as the convenience and accessibility of online shopping have greatly influenced consumer behavior. The increasing penetration of smartphones and the Internet has encouraged people to shop online for their medical supply needs, including powered wheelchair tires.

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Regional Outlook

On the basis of region, the global powered wheelchairs tires Market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & and Africa (MEA). In North America, the market in North America is projected to expand at a CAGR of XX% between 2022 and 2031 with a growing interest in sustainability.

North America region is witnessing increasing prevalence of chronic diseases, such as diabetes, cardiovascular disorders and arthritis, leading to higher incidence of mobility impairments. These factors have resulted in increased demand for mobility solution, hence propelling the market.

In Europe, the market in Europe is anticipated to expand at a CAGR of XX% between 2023 and 2031. The market growth is attributed to increased demand for mobility from aging population and technological advancements in mobility aids such as power wheelchairs.

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Key Benefits for Industry Participants & Stakeholders

• In-depth Analysis of the Global Powered Wheelchairs Tire Market

• Historical, Current, and Projected Market Size in terms of Value and Volume

• Potential & Niche Segments and Regions Exhibiting Promising Growth Covered

• Industry Drivers, Restraints, and Opportunities Covered in the Study

• Recent Industry Trends and Developments

• Competitive Landscape & Strategies of Key Players

• Neutral Perspective on Global Powered Wheelchairs Tire Market Performance