Home >> Business >> Wheelchair Accessible Vehicles Converters Market to Reach US$ 10.19 Bn By 2025 – Credence Research

Wheelchair Accessible Vehicles Converters Market 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 (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 complete report is available at http://www.credenceresearch.com/report/wheelchair-accessible-vehicle-converters-market

Market Insights:

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.

Wheelchair Accessible Vehicles Converters Market

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 ATConversions, 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.

To Know More About Assumptions Considered For The Study, Download Report Sample : http://www.credenceresearch.com/sample-request/58683

Key Trends:

  • 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
  • Growing trend of mobility assisting devices and technology

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