Global Motorised Invalid Carriage Market 2024

Motorised Invalid Carriage Market Size

In 2021, the global motorised invalid carriage market increased by 7.4% 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 remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the global market remained at a somewhat lower figure.

Motorised Invalid Carriage Production

In value terms, motorised invalid carriage production expanded markedly to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 17% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, global production growth remained at a lower figure.

Motorised Invalid Carriage Exports

Exports

In 2021, the amount of invalid carriages motorised or mechanically propelled exported worldwide skyrocketed to X units, increasing by 29% compared with the previous year. The total export volume increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 skyrocketed 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 indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the largest exporter of invalid carriages motorised or mechanically propelled in the world, with the volume of exports resulting at X units, which was approx. 52% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X units), Belgium (X units) and the UK (X units), together mixing up a 25% share of total exports. Germany (X units), Thailand (X units), Australia (X units), the Netherlands (X units) and the United States (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +2.4% from 2012 to 2021. At the same time, Belgium (+39.8%), Thailand (+22.3%), Australia (+17.0%), the UK (+10.2%) and the Netherlands (+1.6%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the world, with a CAGR of +39.8% from 2012-2021. By contrast, Germany (-3.1%), Taiwan (Chinese) (-3.4%) and the United States (-5.0%) illustrated a downward trend over the same period. Belgium (+6.9 p.p.), the UK (+2.9 p.p.), Thailand (+1.9 p.p.) and Australia (+1.5 p.p.) significantly strengthened its position in terms of the global exports, while the United States, China, Germany and Taiwan (Chinese) saw its share reduced by -1.8%, -2%, -3.1% and -8.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest motorised invalid carriage supplier worldwide, comprising 37% of global exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 15% share of global exports. It was followed by Germany, with an 11% share.

In China, motorised invalid carriage exports increased at an average annual rate of +5.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (-0.7% per year) and Germany (+0.3% per year).

Export Prices by Country

The average motorised invalid carriage export price stood at $X per unit in 2021, with a decrease of -3.9% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 9.5% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Belgium ($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 global leaders experienced more modest paces of growth.

Motorised Invalid Carriage Imports

Imports

In 2021, approx. X units of invalid carriages motorised or mechanically propelled were imported worldwide; with an increase of 14% on 2020. The total import volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by 24% against the previous year. Global imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, motorised invalid carriage imports expanded remarkably to $X in 2021. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of motorised invalid carriage imports in 2021 were the United States (X units), India (X units) and the UK (X units), together recording 43% of total import. It was distantly followed by Belgium (X units) and Canada (X units), together creating a 9.6% share of total imports. The following importers - France (X units), Spain (X units), the Netherlands (X units), Australia (X units), Saudi Arabia (X units), Singapore (X units), Germany (X units) and Turkey (X units) - together made up 23% of total imports.

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

In value terms, the largest motorised invalid carriage importing markets worldwide were the United States ($X), the UK ($X) and France ($X), with a combined 38% share of global imports. Australia, Germany, the Netherlands, Canada, Spain, Belgium, Turkey, India, Saudi Arabia and Singapore lagged somewhat behind, together comprising a further 30%.

Spain, with a CAGR of +11.8%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average motorised invalid carriage import price stood at $X per unit in 2021, remaining relatively unchanged against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 16% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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 Germany ($X per unit), while India ($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 global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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