Global Handcycles Market Overview:
A handcycle is a type of human-powered land vehicle which is operated by arms rather than the legs, as on a bicycle. The handcycle market has high growth prospects due to thousands of people, able-bodied and those with disabilities used to improves their cardiovascular diseases, increase upper-body strength and compete. According to the World Health Organization, 15% of the world’s population suffering from various types of disabilities. So, the future for handcycle looks promising. The major companies are adding more innovative techniques in Asia-Pacific countries as these countries are focused on the fastest-growing verticals for the para-disabled games and others. Some of the key players profiled in the study are Sunrise Medical (CA) LLC (United States), Stricker-Handbikes (United States), EPC Wheelchairs (United Kingdom), RGK Wheelchairs (United Kingdom), MMS Medical (United States), BATEC MOBILITY S.L. (Spain) and ICE (United States).
On the basis of geography, the market of Handcycles has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019.
- Growing Prevalence of Disabilities Patients
- Increasing Number of Para-Disabled Games
- Increasing demand from Asia-pacific Region
- Value -Oriented Customers
- High Cost Associated with Handcycles
- Lack of Awareness among Customer
- Government Initiative and Programs for Disabled People
- Upsurge Demand for Technological Equipped Handcycles Such as Wheelchair Propulsion Technique.
- Fluctuation of Raw Material Prices
- Lack of Research and Development Activities for Handcycles
In Handcycles market, it has been observed that most of the manufacturing companies are providing innovative arm-crank propulsion systems and actual synchronic hand-cycling devices. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share.
Target Audience:Handcycles Manufacturers, Handcycles Suppliers, End-User of Different Segments of Handcycles, R&D Institutions and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Handcycles market on the basis of product [Manual, Electric and Hybrid] , application [Wheelchair Hand Bikes, Sports Hand Bikes and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Handcycles market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Handcycles industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Handcycles market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.