Press Releases
 
Wheelchair Accessible Vehicle Converters Market - North America Industry Analysis 2024

Transparency Market Research Report Added "Wheelchair Accessible Vehicle Converters Market - North America Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024"

, 23 June 2017 -- Wheelchair Accessible Vehicle Converters Market - North America Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

The North America wheelchair accessible vehicle converters market has been displaying significant growth rate over the last few years, thanks to the increasing number of patients with disability. In the years to come, the market is likely to gain substantially from the rising demand for user-friendly accessible vehicles and the surge in the launch of affordable mobility gadgets. Apart from this, 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 near future.

In 2015, the North America market for wheelchair accessible vehicle converters was worth US$1.74 bn. According to researchers, the market’s future looks bright, rising at a CAGR of 5.30% from 2016 to 2024 and reaching US$3.47 bn by the end of 2024.

Full Size Vehicles to Continue as Leading Contributor to North America Market

On the basis of the type of vehicle, the North America market for wheelchair accessible vehicle converters has been classified into three broad categories, i.e., full size vehicles, medium size vehicles, and small size vehicles. Full size vehicles have been leading this market in terms of revenue; however, the demand for medium size vehicle is higher in North America. In 2015, the full size vehicle segment accounted for more than 48% of the overall market. With the increasing uptake of wheelchair accessible vehicles as family cars among families with disabled people, the revenue generated from this segment is likely to augment in the near future, ensuring its lead.

Based on the entry modality, the market has been categorized into ramps and lifts. The demand for ramps, which are mainly used for the medium size and small size vehicles, has been higher than lifts, which mostly find utilization in the case of a full size vehicle. The relatively low installation and maintenance costs of ramps have kept them a step ahead of lifts. The ramps segment led the North America wheelchair accessible vehicle converters market in 2015 with a share of 48.1%. Thanks to the ease of usage, ramps are expected to remain high in demand in this region over the next few years.

Fill the form to gain deeper insights on this market @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=16094

Demand from U.S. to Remain High

In terms of geography, the market for wheelchair accessible vehicle converters in North America has been segmented into the U.S. and Canada. With a share of nearly 95%, the U.S. led the overall market in 2015. The scenario is expected to remain so over the next few years, thanks to the presence of a large base of disabled population. The rising adoption of wheelchair accessible vehicles, stimulated by the increasing number of awareness initiatives by the manufacturers 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 for wheelchair accessible vehicle converters in the years to come.

The North America market for wheelchair accessible vehicle converters is fragmented and highly competitive in nature. Mobility Ventures LLC, Vantage Mobility International, and BraunAbility are at the forefront of this market. Some of the other prominent vendors of wheelchair accessible vehicle convertibles in this region are Toyota Motor Corp., Rollx Vans, and Freedom Motors USA.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

# # #


Submitted by Sandy Researcher, Transparency Market Research on Friday, 23 June 2017 at 5:41 PM
Category: Health Care & Medical
 
Related News

Nutritional supplements or flu shots Charlottesville available near home
Sunday, 23 Jul 2017

Depend on local drug stores for specific vaccines
Sunday, 23 Jul 2017

Meadowbrook Pharmacy continuing to serve the locality
Sunday, 23 Jul 2017

Why is compounding pharmacy Charlottesville so important?
Sunday, 23 Jul 2017

Services offered by local Pharmacy Charlottesville
Sunday, 23 Jul 2017

Related Events

AHRMM17 - The Leading Healthcare Supply Chain Conference and Exhibition
Sunday, 23 Jul 2017

Success With Failure: Strategies for the Evaluation and Treatment of Heart
Monday, 24 Jul 2017

Echocardiographic Symposium at Vail
Monday, 24 Jul 2017

5th Digital Pharma China
Monday, 24 Jul 2017

Microfluidics Congress USA
Monday, 24 Jul 2017

Latest News

Smartphones - Which A single Need to I Acquire?
Sunday, 23 Jul 2017

Nutritional supplements or flu shots Charlottesville available near home
Sunday, 23 Jul 2017

Depend on local drug stores for specific vaccines
Sunday, 23 Jul 2017

Meadowbrook Pharmacy continuing to serve the locality
Sunday, 23 Jul 2017

Why is compounding pharmacy Charlottesville so important?
Sunday, 23 Jul 2017

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2017
Today is Sunday, 23 July 2017

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Trendy Juniors Clothes - Treats For your Children
  • Need for Corporate Gifts
  • AHRMM17 - The Leading Healthcare Supply Chain Conference and Exhibition
  • Force Vive - Une semaine pour deployer ses ailes (23 au 29 juillet 2017)
  • Success With Failure: Strategies for the Evaluation and Treatment of Heart

  • Latest Jobs
  • Gold Ore Milling Machine Advantages
  • London Investment Property
  • We Are Hiring A Content Manager!