Product Code: ETC173503 | Publication Date: Aug 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
India Vehicles For Disabled Market registered a decline of -5.69% in value shipments in 2022 as compared to 2021 and a decrease of -3.13% CAGR in 2022 over a period of 2017. In Vehicles For Disabled Market India is becoming less competitive as HHI index in 2022 was 7478 while in 2017 it was 6508. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Vehicles For Disabled Market.
India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Vehicles For Disabled Market in 2022 was 10.02 while in 2017 it was 27.11. China, Germany, Austria, Thailand and United Kingdom were among the top players of the market in 2022, where China acquired the largest market share of 86.33% with a shipment value of 4.31 million USD in 2022 China also offered the product below the average market price thus having a competitive advantage over others In 2017 China had the largest market share of 80.29% with the shipment value of 5.15 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As China price is lower than the average price, it provided a significant edge among other competitor in 2017.
The market for vehicles for the disabled in India is expected to grow at a CAGR of 5.8% during the forecast period 2023-2029. This growth can be attributed to growing awareness regarding disability, increasing demand from people with disabilities and rising disposable incomes. Furthermore, government initiatives such as Make in India and Digital India are also contributing to the rapid growth of this industry.
Government initiatives to provide better access facilities for disabled persons are major drivers of this market growth. Apart from that, factors like rising disposable income levels and an increasing demand for convenience have also been driving its growth. In addition, developments in technology such as voice recognition systems and automatic doors are encouraging more people with disabilities to invest in these vehicles.
High cost associated with these vehicles may act as a challenge towards their adoption especially in developing countries where affordability is still an issue. Further, lack of awareness regarding various types of available vehicles could also hamper their uptake among different user groups present across regions. Moreover, inadequate infrastructure and limited availability of spare parts may restrict their widespread usage even after purchase or rental services being provided by companies operating in this sector.
Major players operating in India Vehicle For Disabled Market include Tata Motors Ltd., Eicher Motors Ltd., Maruti Suzuki India Ltd., Hero MotoCorp Ltd., Mahindra & Mahindra Ltd., Renault India Pvt.Ltd , Nissan Motor Corporation etc
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Vehicles for disabled Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Vehicles for disabled Market Revenues & Volume, 2021 & 2028F |
3.3 India Vehicles for disabled Market - Industry Life Cycle |
3.4 India Vehicles for disabled Market - Porter's Five Forces |
3.5 India Vehicles for disabled Market Revenues & Volume Share, By Vehicle Type, 2021 & 2028F |
3.6 India Vehicles for disabled Market Revenues & Volume Share, By Manufacturer Type, 2021 & 2028F |
3.7 India Vehicles for disabled Market Revenues & Volume Share, By Entry Configuration, 2021 & 2028F |
3.8 India Vehicles for disabled Market Revenues & Volume Share, By Entry Mechanism, 2021 & 2028F |
3.9 India Vehicles for disabled Market Revenues & Volume Share, By Driving Option, 2021 & 2028F |
4 India Vehicles for disabled Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Vehicles for disabled Market Trends |
6 India Vehicles for disabled Market, By Types |
6.1 India Vehicles for disabled Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 India Vehicles for disabled Market Revenues & Volume, By Vehicle Type, 2018 - 2028F |
6.1.3 India Vehicles for disabled Market Revenues & Volume, By Passenger Car, 2018 - 2028F |
6.1.4 India Vehicles for disabled Market Revenues & Volume, By SUV/MPV, 2018 - 2028F |
6.1.5 India Vehicles for disabled Market Revenues & Volume, By Pick-up Truck, 2018 - 2028F |
6.1.6 India Vehicles for disabled Market Revenues & Volume, By Mobility Scooter, 2018 - 2028F |
6.2 India Vehicles for disabled Market, By Manufacturer Type |
6.2.1 Overview and Analysis |
6.2.2 India Vehicles for disabled Market Revenues & Volume, By OEM, 2018 - 2028F |
6.2.3 India Vehicles for disabled Market Revenues & Volume, By Third-Party Customization, 2018 - 2028F |
6.3 India Vehicles for disabled Market, By Entry Configuration |
6.3.1 Overview and Analysis |
6.3.2 India Vehicles for disabled Market Revenues & Volume, By Side Entry, 2018 - 2028F |
6.3.3 India Vehicles for disabled Market Revenues & Volume, By Rear Entry, 2018 - 2028F |
6.4 India Vehicles for disabled Market, By Entry Mechanism |
6.4.1 Overview and Analysis |
6.4.2 India Vehicles for disabled Market Revenues & Volume, By Ramp, 2018 - 2028F |
6.4.3 India Vehicles for disabled Market Revenues & Volume, By Lifting Equipment, 2018 - 2028F |
6.5 India Vehicles for disabled Market, By Driving Option |
6.5.1 Overview and Analysis |
6.5.2 India Vehicles for disabled Market Revenues & Volume, By Driving on Swivel Seat, 2018 - 2028F |
6.5.3 India Vehicles for disabled Market Revenues & Volume, By Driving through Wheelchair, 2018 - 2028F |
6.5.4 India Vehicles for disabled Market Revenues & Volume, By Driving on Normal Seat, 2018 - 2028F |
7 India Vehicles for disabled Market Import-Export Trade Statistics |
7.1 India Vehicles for disabled Market Export to Major Countries |
7.2 India Vehicles for disabled Market Imports from Major Countries |
8 India Vehicles for disabled Market Key Performance Indicators |
9 India Vehicles for disabled Market - Opportunity Assessment |
9.1 India Vehicles for disabled Market Opportunity Assessment, By Vehicle Type, 2021 & 2028F |
9.2 India Vehicles for disabled Market Opportunity Assessment, By Manufacturer Type, 2021 & 2028F |
9.3 India Vehicles for disabled Market Opportunity Assessment, By Entry Configuration, 2021 & 2028F |
9.4 India Vehicles for disabled Market Opportunity Assessment, By Entry Mechanism, 2021 & 2028F |
9.5 India Vehicles for disabled Market Opportunity Assessment, By Driving Option, 2021 & 2028F |
10 India Vehicles for disabled Market - Competitive Landscape |
10.1 India Vehicles for disabled Market Revenue Share, By Companies, 2021 |
10.2 India Vehicles for disabled Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |