Electric wheelchair is a new generation of intelligent wheelchair with artificially operated intelligent controller that can drive the wheelchair to complete forward, backward, steering, standing, lying down, and other functions. On the basis of traditional manual wheelchairs, high-performance power is superimposed. Drive device, intelligent control device, battery and other components are transformed and upgraded. It has the advantages of convenience, safety, environmental protection, can enhance self-care ability, and has a wide audience.
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Compared with overseas developed countries, the development of my country's electric wheelchair industry started relatively late, but since China joined the WTO, the development of my country's electric wheelchair industry has developed rapidly. Up to now, my country's electric wheelchair industry has entered a period of stable development. The output and export volume have continued to grow. The steady rise in domestic market demand has become the main driving force for industry growth, driving the scale of my country's electric wheelchair market to expand year by year.
From the perspective of supply and demand, on the demand side, the proportion of the elderly population in my country has continued to rise in recent years, entering an aging society, and the demand for electric wheelchairs has continued to grow. The data shows that as of 2019, the demand for electric wheelchairs in my country is 1.3391 million units, an increase of 11.29% year-on-year.
On the supply side, my country is a big manufacturing country. The low domestic production cost and the perfect industrial chain support make the production capacity of my country's electric wheelchair manufacturers continue to expand, and the downstream demand continues to grow. The output of electric wheelchairs in my country has maintained steady growth, and the export volume also has Significant recovery. The data shows that as of 2020, the output of electric wheelchairs in my country is about 1.921 million units, a year-on-year increase of 11.1%; the export volume is 332,400 units, and the export value is 183 million US dollars.
From the perspective of the economic benefits of the industry, in recent years, thanks to consumption upgrades and technological development, my country's electric wheelchair products have been continuously upgraded and updated, tending to be intelligent, mid-to-high-end, and their prices have risen steadily, driving the market scale to expand year by year.
The data shows that from 2015 to 2019, the average price of electric wheelchairs in my country has risen from 2,860 yuan/unit to 3,830 yuan/unit, an increase of 270 yuan/unit compared to 2018.
Driven by the price recovery, as of 2019, the size of my country's electric wheelchair market has reached 5.129 billion yuan, a year-on-year increase of 19.72%. It is expected to maintain a steady growth in 2020, reaching 6.025 billion yuan.
From the perspective of market competition, due to the high barriers to entry in the industry and the high requirements for related companies' technical research and development strength, the current market concentration of my country's electric wheelchair industry is relatively low, and the more well-known brands in the market include Jiangsu Yuyue and Shanghai Mubang. , Guangdong Kaiyang, Inke Medical, etc.
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