According to a new market research report published by Credence Research “Wheelchair Accessible Vehicles Converters Market (By Vehicle Type: SUVs, Trucks and Others; By Mode of Entry: Ramp and Lift; By Point of Entry: Side Entry and Rear Entry) – Growth, Future Prospects, and Competitive Landscape, 2017-2025”, wheelchair accessible vehicle converters market was valued at US$ 6.16 Bn in 2016 and is expected to grow at a CAGR of 5.7% during the forecast period from 2017 to 2025.
The purpose of the report is to illustrate the state of the market of Wheelchair Accessible Vehicles Converters, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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Developing technology in the automobile industry has facilitated greatly to provide easy access for a wheelchair in an automobile. This has inculcated a sense of independence in the people suffering from mobility disabilities. Wheelchair accessible vehicles allow a person with a physical disability to board and/or drive a vehicle with minimum or no aid from another person. Disabled persons and their families are preferring to install such systems to facilitate hassle free commute through modified vehicles. Such vehicles are used for both generals as well as medical purpose in order to provide better healthcare facilities to disabled persons. Therefore, the demand for wheelchair accessible vehicles have escalated in the recent past and is further expected to rise in the following years.
Cases of orthopedic trauma in road accidents have been on the rise in the past few years. According to the report published by World Health Organization (WHO), approximately 50 million people suffering from non-fatal injuries in road accidents have to face disability as a result of their injury. Rising number of cases of disability associated with the mobility is one of the key drivers for the wheelchair accessible vehicle converter market. Wheelchair accessible vehicle converter companies have been consistently upgrading their product features to provide optimum assistance to the disabled person for boarding the vehicle. According to the size of the vehicle, appropriate access system including ramp or lift is installed in the vehicle. Other modifications such as seating, suspensions, floor height and ground clearance are appropriately incorporated by the converter companies in such vehicle. All such modifications and changes done in the vehicle design require a certification from the local automobile organizations for safe and comfortable access for the wheelchairs. With consistently rising cases of disabilities and development in wheelchair accessible vehicles, the wheelchair accessible vehicle converter market is expected to escalate throughout the forecast period 201-2025.
11.2. GM Coachwork
11.3. Advance Mobility
11.4. Freedom Motors USA
11.5. Vantage Mobility International
11.6. Sirus Automotive Ltd
11.7. AMS Vans Inc.
11.8. Sidewinder Conversions & Mobility Ltd.
11.9. BROTHERWOOD AUTOMOBILITY LIMITED
11.10. Taxi & Bus Conversion Ltd.
11.11. Parfit Ltd.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Wheelchair Accessible Vehicles Converters buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Wheelchair Accessible Vehicles Converters contains:
Analysis and forecast of Wheelchair Accessible Vehicles Converters market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Wheelchair Accessible Vehicles Converters market;
Assessment and forecast of Wheelchair Accessible Vehicles Converters market development;
Financial and business profiles of the leading companies in the Wheelchair Accessible Vehicles Converters industry.
– Up to date working Wheelchair Accessible Vehicles Converters data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Wheelchair Accessible Vehicles Converters for the period 2018 to 2026
– Planned Wheelchair Accessible Vehicles Converters additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Wheelchair Accessible Vehicles Converters projects by region, key countries, and companies
– Details of major planned Wheelchair Accessible Vehicles Converters projects in the world up to 2026
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