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Wheelchair Accessible Vehicle Converters Market By Entry Point (Side Entry, Rear Entry), By Mode of Entry (Ramp, Lift), By Vehicle Type (SUVs, Trucks, Others) - Growth, Future Prospects And Competitive Analysis, 2017 - 2025

Wheelchair-accessible vehicles are vehicles that allow easy access for wheelchairs to board a vehicle. The wheelchair and its carrier can easily board a vehicle using a ramp or a wheelchair-carrying lift. This system allows the person to drive the vehicle or commute as a passenger without excess exertion to get onto the vehicle from the wheelchair. Vehicle converter manufacturers have been working hard to create strong, safe, and efficient wheelchair-accessible solutions. These companies offer a wide variety of accessible solutions with different entry points and modes of entry. This has aided the overall wheelchair-accessible vehicle converter market to flourish by targeting potential customers with different requirements and conditions.

One of the primary drivers of the increase in demand for wheelchair-accessible vehicles is the growing need for convenient solutions for people with physical disabilities. To ensure a stress-free commute, hospitals, healthcare centers, and families associated with people with physical disabilities prefer wheelchair-accessible vehicles. Furthermore, the technology enables physically disabled people to drive a vehicle. This has inculcated a sense of independence among such persons, thereby boosting their confidence in performing simple daily chores. With diversified end-use applications such as healthcare centers, hospitals, and old-age homes, among others, the adoption of wheelchair-accessible vehicles has increased considerably in the past few years and is further expected to demonstrate strong growth throughout the forecast period.

The report titled "Wheelchair Accessible Vehicle Converters Market: Growth, Future Prospects, and Competitive Landscape, 2017-2025" offers strategic insights into the global wheelchair-accessible vehicle converters market with a focus on the market's size and estimates for the duration of 2015 to 2025. The said research study covers an in-depth analysis of market segments based on vehicle type, mode of entry, point of entry, and a cross-sectional study across different geographies. The study covers the comparative analysis of each sub-segment for the years 2016–2025. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities.

In order to help strategic decision-makers, the report also includes competitive profiling of the leading wheelchair-accessible vehicle converter manufacturers, their strategies, market positioning, and key developments. Some of the major players profiled in the report include conversions, GM Coachwork, Advance Mobility, Freedom Motors USA, Vantage Mobility International, Sirus Automotive Ltd., AMS Vans, Inc., Sidewinder Conversions & Mobility Ltd., BROTHERWOOD AUTOMOBILITY LIMITED, Taxi & Bus Conversion Ltd., and Parfit Ltd.

Other in-depth analysis provided in the report includes:

  • Current and future market trends justify the forthcoming attractive markets within the wheelchair-accessible vehicle converter industry.
  • Market fuelers, market impediments, and their impact on market growth
  • Insights into the market inclination and key trend analysis for the wheelchair-accessible vehicle converters market
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2015–2016)

Overall, the research study provides a holistic view of the global wheelchair-accessible vehicle converters market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

The global wheelchair-accessible vehicle converters market is segmented, based on entry point, into the following categories:

  • Side Entry
  • Rear Entry

By the point of entry segment, rear entry dominated the overall wheelchair-accessible vehicle converters market in 2016. A rear entry system is generally installed in big vehicles such as vans and trucks, among others. The rear point of entry is easily accessible and generally incorporated with the ramp mode of entry. Furthermore, the entry system is not hampered by the nearby parking system. This system is incorporated into the vehicles used for hospitals, healthcare centers, and old-age homes. Because of the aforementioned applications, the demand for rear-entry systems is expected to rise steadily in the coming years.

A side entry system allows the wheelchairs to board the vehicles from either side of the vehicles. The point of entry can involve both a lift and a ramp system for boarding and get off the vehicle. Considerable modifications are required in order to enable side entry for wheelchairs into vehicles. The side entry systems need sufficient space on the boarding side to enable wheelchair access in the parallel parking system. Consequently, the side entry market for wheelchair-accessible vehicle converters is expected to trail the rear entry market throughout the forecast period.

The wheelchair-accessible vehicle converters market is segmented, based on the mode of entry, into the following categories:

  • Ramp
  • Lift

In terms of revenue, ramps as a mode of entry for wheelchair-accessible vehicles led the overall segment in 2016. The use of ramps is the simplest and most cost-effective method of loading wheelchairs into vehicles. Minimal modifications are required to install a ramp onto a vehicle, which results in a lower cost. In addition, the use of a ramp is less complicated and hence preferred over a lift-type mode of entry. Consequently, the demand for ramp entry is expected to grow significantly throughout the forecast period from 2017 to 2025.

As of 2016, the lift mode of entry trailed the ramp system in the overall mode of entry segment. Lift systems are generally installed in bigger vehicles, which offer ample space for modifications. In addition, the installation of lift systems involves heavy modifications to the vehicle other than the sitting and lifting modules. The system is quite expensive compared to the ramp system. However, the lift mode of entry is the most comfortable and safe entry system in the segment. Owing to the aforementioned merit, the lift mode of entry is expected to demonstrate a steady rise in the following years.

The wheelchair-accessible vehicle converters market is segmented, based on vehicle type, into the following categories:

  • SUVs
  • Trucks
  • Others

As of 2016, sports utility vehicles (SUVs) used for wheelchair-accessible vehicles dominated the overall wheelchair-accessible vehicle converter market worldwide. SUVs are preferred considerably over any other vehicle for conversion as they provide ample space and the potential to incorporate modifications. These vehicles are both comfortable and cost-effective in terms of wheelchair accessibility.SUVs provide ease of installation of wheelchair-accessible vehicle converters due to their long wheelbase, strong suspension, and comfortable seating arrangements.

The use of semi-trucks and trucks as wheelchair-accessible vehicles has increased steadily in recent years. The trucks are considered the best alternative in terms of space as well as modifications. However, the cost of the vehicle and modifications has been a major restraint on the adoption of converters in trucks. Trucks are commonly used by the healthcare industry, hospitals, and nursing homes to transport multiple disabled people in a single vehicle, with consistently developing technology and a reduction in the modification cost, the truck segment of the market for wheelchair-accessible vehicle converters is expected to grow at a steady pace in the following years.

The wheelchair-accessible vehicle converters market has been segmented on the basis of geographical regions, as per the following regions and countries:

North America

  • U.S.
  • rest of North America

Europe

  • U.K.
  • Germany
  • France
  • Rest of Europe

Asia Pacific

  • Japan
  • China
  • India
  • Rest of Asia Pacific

Rest of the World (RoW)

  • The Middle East and Africa
  • Latin America

As of 2016, North America dominated the overall wheelchair-accessible vehicle converter market in terms of revenue as well as volume. A few of the many drivers for wheelchair-accessible vehicle converters in North America include technological advancement and an increase in the number of orthopedic traumas. One of the key factors driving the market in North America is government initiatives to promote the use of wheelchair-accessible vehicles.

As of 2016, Europe trailed the North American wheelchair-accessible vehicle converters market in terms of revenue. Numerous converter manufacturers are located in this region. The converter systems installed by these providers are quite sophisticated and safe. Furthermore, the increasing prevalence of mobility disabilities in traffic accidents has increased the demand for wheelchair-accessible vehicle converters.

Frequently Asked Questions:

The market for Wheelchair Accessible Vehicle Converters Market is expected to reach US$ 6.16 Bn By 2025.

The Wheelchair Accessible Vehicle Converters Market is expected to see significant CAGR growth over the coming years, at 5.7%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

GM Coachwork, Advance Mobility, Freedom Motors USA, Vantage Mobility International, Sirus Automotive Ltd., AMS Vans, Inc., Sidewinder Conversions & Mobility Ltd., BROTHERWOOD AUTOMOBILITY LIMITED, Taxi & Bus Conversion Ltd are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Sep 2017
Category:  Automotive & Transportation
Report ID:   58683
Report Format:   PDF
Pages:   120
Rating:    4.7 (70)
Delivery Time: 24 Hours to 48 Hours   
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