Wheelchair Accessible Vehicles Converters Market Is Expected To Reach US$ 10.19 Bn By 2025 | Credence Research

Wheelchair Accessible Vehicles Converters Market Is Expected To Reach US$ 10.19 Bn By 2025 | Credence Research

According to a new market research report published by Credence Research “Wheelchair Accessible Vehicles Converters Market – Growth, Future Prospects, and Competitive Landscape, 2017-2025”, the global market for wheelchair-accessible vehicle converters was valued at US$ 6.16 billion in 2016 and is expected to grow at CAGR by 5.7% over the forecast period from 2017 to 2025.

Market Insights:

Developing technology in the automotive industry has greatly facilitated easy access for a wheelchair in the automotive sector. This has instilled a sense of independence in people with mobility disabilities. Wheelchair accessible vehicles allow a person with a physical disability to board and/or drive a vehicle with minimal or no assistance from another person. Disabled persons and their families prefer to install such systems in order to facilitate free travel by means of modified vehicles. Such vehicles are used for both general and medical purposes in order to provide better healthcare facilities for people with disabilities. As a result, the demand for accessible wheelchair vehicles has increased in the recent past and is expected to increase further in the years to come.

Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/wheelchair-accessible-vehicle-converters-market

Cases of orthopedic trauma in road accidents have been on the rise in recent years. According to a report published by the World Health Organization (WHO), approximately 50 million people who have suffered non-fatal injuries in road accidents have to face disability as a result of their injuries. The increasing number of mobility-related disability cases is one of the key drivers for the market for wheelchair-accessible vehicle converters. Wheelchair accessible vehicle converter companies have consistently upgraded their product features to provide the disabled person with optimum assistance when boarding the vehicle. Depending on the size of the vehicle, an appropriate access system including a ramp or lift is installed in the vehicle. Other modifications, such as seats, suspensions, floor height, and ground clearance, are appropriately incorporated by the converter companies in such vehicles. All such modifications and modifications to the design of the vehicle require certification from local automotive organizations for safe and comfortable access to wheelchairs. With ever-increasing cases of disabilities and developments in wheelchair accessible vehicles, the market for wheelchair accessible vehicle converters is expected to escalate throughout the forecast period 201-2025.

Competitive Insights:

Wheelchair accessible vehicle converters market is still in its developing stage and is characterized by a number of emerging wheelchair accessible vehicle converter manufacturers. Technology up-gradation and improved ergonomic value of the product is one of the prime focus of wheelchair accessible vehicle converter manufacturers across the world.

Some of the major players in the market include conversions, GM Coachwork, Advanced 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.

Key Trends:

  • A rising sense of independence in disabled people to perform basic tasks such as driving vehicles on their own
  • Advanced mechatronics systems aiding in making wheelchair accessible vehicle converters system safe, efficient and economical
  • The growing trend of mobility assisting devices and technology

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/58683

Market Segmentation

By Entry Point

  • Side Entry
  • Rear Entry

By Mode of Entry

  • Ramp
  • Lift

By Vehicle Type

  • SUVs
  • Trucks
  • Others

By Geography Segment Type

  • North America (the U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of the World (the Middle East & Africa, Latin America)

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/58683

Medium Blog: Wheelchair Accessible Vehicles Converters Market