Lightweight Electric Folding Wheelchair Market 2024

The lightweight electric folding wheelchair market size has grown rapidly in recent years. It will grow from $4.65 billion in 2023 to $5.17 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The expansion during the historical period can be linked to a rising population of elderly individuals, heightened awareness regarding disabilities, better accessibility, the growth of e-commerce, and greater recognition of mobility solutions.

The lightweight electric folding wheelchair market size is expected to see rapid growth in the next few years. It will grow to $7.92 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. The anticipated growth in the forecast period is driven by a higher demand for mobility solutions, increased healthcare spending, a growing inclination towards customization in electric wheelchairs, and a rising incidence of spinal cord injuries. Key trends in the forecast period include the incorporation of advanced technologies, improvements in battery technology, the adoption of smart technologies, sustainability with eco-friendly materials, and enhanced battery performance.

The increasing prevalence of physical disabilities is expected to drive growth in the lightweight electric folding wheelchair market in the coming years. Physical disabilities refer to impairments that hinder an individual's ability to engage in physical activities or maintain mobility. The incidence of these disabilities rises with age and is further exacerbated by chronic health conditions, leading to a higher rate of physical impairments. Lightweight electric folding wheelchairs improve mobility and independence for those with physical disabilities by offering easy transportability, reduced physical exertion through powered movement, and customizable comfort. For example, a report from the Parliament of the United Kingdom in August 2023 noted that disability rates in the UK in 2021/2022 increased with age, affecting about 11% of children, 23% of working-age adults, 45% of those over State Pension age, and 58% of individuals aged 80 and older. Thus, the rising prevalence of physical disabilities is fueling the demand for lightweight electric folding wheelchairs.

Leading companies in the lightweight electric folding wheelchair market are focusing on innovative solutions, such as compact folding carbon fiber power wheelchairs, to address the growing consumer need for portability and ease of use. These compact power wheelchairs are lightweight, durable, and designed for easy transport and storage, offering users greater convenience and independence. For instance, in March 2024, Sunrise Medical, a Germany-based manufacturer of manual and electric wheelchairs, launched the Quickie Q700 M Mini. This advanced power wheelchair features a lightweight carbon fiber frame and a folding design, making it one of the lightest options available. The Quickie Q700 M Mini offers a compact frame, customizable seating, and enhanced performance for both indoor and outdoor settings, thereby increasing mobility and independence for users. This launch highlights Sunrise Medical's dedication to improving the quality of life for individuals through the development of innovative assistive technologies.

In June 2024, Platinum Equity, a U.S.-based private equity firm, acquired Sunrise Medical for an undisclosed amount. This acquisition aims to leverage Platinum Equity's financial resources and operational expertise to accelerate innovation and growth in the assistive mobility sector, enhance product offerings, and expand geographical reach to better serve users in need. Sunrise Medical specializes in designing and manufacturing compact electric folding wheelchairs.

Major companies operating in the lightweight electric folding wheelchair market are Dahao Smart Technology Co Ltd, Otto Bock HealthCare LP, Invacare Corporation, Permobil AB, Drive DeVilbiss Healthcare, Pride Mobility Products Corporation, Hoveround Corporation Inc, Airwheel Technology Holdings Limited, WHILL Inc., Golden Technologies Inc, KD Smart Chair Inc, Karman Healthcare Inc, SmartScoot LLC, Quickie Wheelchairs by Sunrise Medical, Wheelchair88 Limited, Tzora Active Systems Ltd, Pihsiang Machinery MFG Co Ltd, EZ Lite Cruiser LLC, eFoldi Limited, Forcemech Ltd, Mobiclinic S.L, Featherweight Wheelchair Co, Zip’r Mobility LLC.

North America was the largest region in the lightweight electric folding wheelchair market in 2023. The regions covered in the lightweight electric folding wheelchair market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the lightweight electric folding wheelchair market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A lightweight electric folding wheelchair is a mobility aid created to enhance independence and facilitate movement for those with mobility challenges. It merges the advantages of being lightweight for easy transportation and storage with electric assistance for powered movement, making it a practical choice for users seeking both portability and motorized mobility.

The primary varieties of lightweight electric folding wheelchairs include center wheel drive, front wheel drive, and rear wheel drive models. A center-wheel drive chair is a powered wheelchair with drive wheels positioned in the center, allowing for a tight turning radius and improved maneuverability in confined spaces. These wheelchairs cater to a range of users, including both adults and children, and can be obtained through e-commerce platforms and physical stores.

The lightweight electric folding wheelchair market research report is one of a series of new reports that provides lightweight electric folding wheelchair market statistics, including lightweight electric folding wheelchair industry global market size, regional shares, competitors with a lightweight electric folding wheelchair market share, detailed lightweight electric folding wheelchair market segments, market trends and opportunities, and any further data you may need to thrive in the lightweight electric folding wheelchair industry. This lightweight electric folding wheelchair market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The lightweight electric folding wheelchair market consists of sales of electric drive systems, adjustable footrests, folding frames, ergonomic seating, and anti-tip wheels. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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