North America Wheelchair Accessible Vehicle Converters Market

Posted by Mayuri Kathade. on December 30th, 2020

North America Wheelchair Accessible Vehicle Converters Market was valued USD XX Bn in 2019 and is expected to reach US$ 3.85 Bn by 2026, at CAGR of XX% during forecast period of 2019 to 2026.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

North America Wheelchair Accessible Vehicle Converters Market

North America Wheelchair Accessible Vehicle Converters Market Drivers and Restrains:

The market is expected to obtain significant rise for user-friendly accessible vehicles and the surge in the launch of affordable mobility gadgets during the forecast period. The mounting number of trauma cases, leading to disability and the escalating geriatric population is also expected to provide lucrative growth opportunities for the wheelchair accessible vehicle manufacturers in the upcoming period.

As per the study of the centers for disease control and prevention, one out of five adults has a disability in the United States. The most common disability is difficulty in walking or climbing stairs (mobility limitation), which is described by one in eight adults, followed by disability an independent living, vision, self-care, and thinking or memory.

Manufacturers in the North America wheelchair accessible vehicle converters are focusing on competitive pricing as the strategy to capture significant market share. Moreover, strategic mergers and acquisitions and technological innovations are also the key focus areas of the manufacturers.

North America Wheelchair Accessible Vehicle Converters Market Segmentation Analysis:

Based on the vehicle type, the North America wheelchair accessible vehicle converters market has been segmented into Full Size Vehicle, Medium Size Vehicle, and Small Size Vehicle. Full-sized vehicles was dominating segment in 2018, and are expected to occupy the largest share in the wheelchair accessible vehicle converters market in 2019 to 2026. The growth of the segment is driven by the availability of large space to accommodate wheelchairs and improved convenience to caretakers due to more space in the vehicle.

Based on the entry modality, the market has been segmented into ramps and lifts. The main segment ramp was at the top in North America wheelchair accessible vehicle converters market with a share of XX% in 2018. Ramps are expected to remain high in demand in this region during the forecast period, thanks to the ease of usage. The ramps are mainly used for the medium size and small size vehicles as compared to lifts, this is mostly find utilization in the case of a full size vehicle. The low installation and maintenance costs of ramps have kept them a step ahead of lifts.

North America Wheelchair Accessible Vehicle Converters Market Regional Analysis:

Geographically, the North America wheelchair accessible vehicle converters market is categorized into U.S. and Canada. In 2018, The U.S. has been led market share of nearly XX% in the regional market, owing to the presence of a large number disabled people in the country. The market encouraging factor such as the increasing number of awareness initiatives during the manufacturing of vehicle converters, increasing cases of trauma resulting in disability, and the surge in the government funding for wheelchair accessible vehicles are also projected to boost the U.S. market in the upcoming period. Furthermore, a mounting count of initiatives taken by manufacturers to increase awareness about wheelchair accessible vehicle converters could add to the growth of the market.

The North America for wheelchair accessible vehicle converter is fragmented and highly competitive in nature. Vantage Mobility International, Mobility Ventures LLC and BraunAbility are at the forefront of this market

The objective of the report is to present comprehensive analysis of global North America wheelchair accessible vehicle converters market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers. The report also helps in understanding global North America wheelchair accessible vehicle converters market dynamics, structure by analyzing the market segments, and project the global North America wheelchair accessible vehicle converters market size. Clear representation of competitive analysis of key players by vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the global North America wheelchair accessible vehicle converters market make the report investor’s guide.

Scope of the North America Wheelchair Accessible Vehicle Converters Market:

North America Wheelchair Accessible Vehicle Converters Market, by Vehicle Type:

• Full Size Vehicle

• Medium Size Vehicle

• Small Size Vehicle

North America Wheelchair Accessible Vehicle Converters Market, by Entry Modality:

• Lift

• Ramp

North America Wheelchair Accessible Vehicle Converters Market, by Region:

• Asia Pacific

• North America

• Europe

• Latin America

• Middle East Africa

North America Wheelchair Accessible Vehicle Converters Market, Major Players:

• Toyota Motor Sales,

• MITSUI & CO.

• BraunAbility

• Freedom Motors USA

• Vantage Mobility International

• Mobility Ventures LLC

• AT Conversions

• Advance Mobility

• Freedom Motors USA

• AMS Vans

• Sidewinder Conversions & Mobility

• GM Coachwork

• Sirus Automotive

• Brotherwood Automobility Limited

• Taxi & Bus Conversion

• Parfit Ltd

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