Europe: Motorised Invalid Carriage Market 2024

Motorised Invalid Carriage Market Size in Europe

In 2021, the Europe motorised invalid carriage market increased by 20% to $X for the first time since 2017, thus ending a three-year declining trend. The market value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Motorised Invalid Carriage Production in Europe

In value terms, motorised invalid carriage production soared to $X in 2021 estimated in export price. In general, production, however, recorded a mild contraction. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Motorised Invalid Carriage Exports

Exports in Europe

In 2021, the amount of invalid carriages motorised or mechanically propelled exported in Europe soared to X units, growing by 29% on the previous year. Total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +90.0% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, motorised invalid carriage exports surged to $X in 2021. The total export value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Belgium (X units), the UK (X units) and Germany (X units), together accounting for 70% of total export. The Netherlands (X units) ranks next in terms of the total exports with a 7.3% share, followed by Poland (5.3%). The following exporters - Denmark (X units) and Sweden (X units) - together made up 6.5% of total exports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +39.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest motorised invalid carriage supplying countries in Europe were Germany ($X), the Netherlands ($X) and Sweden ($X), with a combined 61% share of total exports. These countries were followed by the UK, Poland, Denmark and Belgium, which together accounted for a further 23%.

In terms of the main exporting countries, Denmark, with a CAGR of +24.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Europe amounted to $X per unit, shrinking by -4.7% against the previous year. Overall, the export price continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2015 an increase of 7.5% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.2%), while the other leaders experienced more modest paces of growth.

Motorised Invalid Carriage Imports

Imports in Europe

In 2021, approx. X units of invalid carriages motorised or mechanically propelled were imported in Europe; with an increase of 13% on 2020. The total import volume increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 23% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, motorised invalid carriage imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 20%. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

In 2021, the UK (X units), distantly followed by Belgium (X units), France (X units), Spain (X units), the Netherlands (X units) and Germany (X units) were the main importers of invalid carriages motorised or mechanically propelled, together committing 78% of total imports. Denmark (X units), Italy (X units), Norway (X units) and Poland (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Belgium (with a CAGR of +35.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest motorised invalid carriage importing markets in Europe were the UK ($X), France ($X) and Germany ($X), with a combined 45% share of total imports. Norway, the Netherlands, Spain, Belgium, Italy, Poland and Denmark lagged somewhat behind, together comprising a further 38%.

In terms of the main importing countries, Poland, with a CAGR of +26.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per unit in 2021, rising by 5.6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 16% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Norway ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform