Wheelchair Accessible Vehicle Market Analysis with Ongoing Trends and Growth Forecast 2018 to 2028

Medical tourism continues to influence the adoption of wheelchair accessible vehicles coupled with financial assistance from federal governments. Furthermore, demand for wheelchair accessible vehicles has also been impacted with growing road accidents worldwide. According to World Health Organization (WHO) analysis, road accidents are one of the leading causes of mortalities and disabilities. The wheelchair accessible vehicle market has also been influenced by new design features and developments incorporated by manufacturers in order to diversify their product offerings.

Furthermore, while medical transportation has given significant traction to adoption of wheelchair accessible vehicles, the wheelchair accessible vehicle market is also fueled with increasing demand for wheelchair accessible vehicles for personal use that largely includes transportation of disabled or aged people. Albeit a steady growth, the wheelchair accessible vehicle market is consolidated given a handful of wheelchair accessible vehicles manufacturers that is likely to impact the demand and supply scenario worldwide.

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Wheelchair Accessible Vehicle Market: Small Yet Big

Wheelchair accessible vehicles come in varying sizes from small cars to full sized vans. Of these, the small wheelchair accessible vehicles have gained higher traction since the past couple of years, given their various benefits revolving around pricing, running costs and maneuverability. As compared to full sized wheelchair accessible vehicles, small counterparts are fairly priced offering similar operational efficiency and convenience. Moreover, small wheelchair accessible vehicles are economical in terms of fuel consumption and overall running costs and are also easy to maneuver owing to less space requirement. Furthermore, adoption of small wheelchair accessible vehicles such as small minivans and passenger cars are gaining increasing traction for personal use as well as in medical transportation. These aspects have boosted the growth in adoption of small size wheelchair accessible vehicles, in turn driving sales of small size equivalents during the period of assessment.

On the contrary, full size wheelchair accessible vehicles are witnessing demand from medical facilities and public transportation. Full size wheelchair accessible vehicles such as vans and buses are expected to gain ground given their high transportation capacities and boot space. However, full size wheelchair accessible vehicles are beset by challenges associated with fuel and operational efficiency and maneuverability, which has a limiting impact on the sales of full size wheelchair accessible vehicles and as a consequence on the overall market during the period of forecast.

Wheelchair Accessible Vehicle Market: Consolidation and Cost – A Major Challenge

Consolidated wheelchair accessible vehicle market is expected to face a huge challenge with respect to supply and demand scenario, as the overall market represents only a handful of wheelchair accessible vehicles manufacturers. Wheelchair accessible vehicles manufacturing involves various stages along with involvement of trained personnel. That said, the cost of production of wheelchair accessible vehicles is relatively higher than standard vehicles, making them price intensive. This is expected to pose challenges with respect to adoption of wheelchair accessible vehicles, in turn restraining the growth of the wheelchair accessible vehicle market.

Wheelchair Accessible Vehicle Market: Rental Services to Shape Demand

High cost of production and price intensive nature of wheelchair accessible vehicles continue to be a growth limiting aspect of the market worldwide. That said, the trend of “on-rent” wheelchair accessible vehicles has prevailed as a new growth propeller, embossing a positive impact on its market across various countries in the globe. Various dealers operating in wheelchair accessible vehicle market have started renting wheelchair accessible vehicles with additional features such as secure wheelchair tie downs, powered ramp as a safety backup and high fuel capacity to reduce stoppages. Affordable and easy trend of wheelchair accessible vehicles renting services has increased the convenient quotient for medical facilities in case of emergencies as well as general public, consequently shaping the demand for wheelchair accessible vehicles worldwide.

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Table of Content:

Global Wheelchair Accessible Vehicle Market – Executive Summary
Global Wheelchair Accessible Vehicle Market Outlook Overview
2.1. Introduction
2.2. Market Definition
2.3. Scope of Report
2.4. Mega Trends
Market Dynamics
3.1. Key Growth Drivers
3.2. Market Challenges
3.3. Industry Trends
3.4. Wheelchair Accessible Vehicle Market Growth opportunities
3.5. Wheel of Fortune
Associated Industry and Key Indicator Assessment
4.1. Supply Chain
4.2. Investment Feasibility Matrix
4.3. Porter’s Five Forces Analysis
4.4. PEST Analysis
4.5. Cost Structure Analysis
4.6. Forecast Scenario
4.7. Global Wheelchair Accessible Vehicle Market – Price Point Analysis
4.7.1. Price Point Assessment by Make Type, 2017
Global Wheelchair Accessible Vehicle Market Analysis and Forecast by Make Type, 2013-2028
5.1. Analysis and Forecast by Revenue (US$ Mn) Comparison Make Type, 2018-2028
5.1.1. New
5.1.2. Refurbished
5.1.3. Market Attractiveness By Make Type
5.1.4. Y-o-Y growth Comparison, 2014-2028
5.2. Analysis and Forecast Revenue (US$ Mn) Comparison By Vehicle Type, 2018-2028
5.2.1. Small Size
5.2.2. Medium Size
5.2.3. Full Size
5.2.4. Market Attractiveness By Vehicle Type
5.2.5. Y-o-Y growth Comparison, 2014-2028
5.3. Analysis and Forecast by Revenue (US$ Mn) Comparison Entry Configuration, 2018-2028
5.3.1. Side Entry
5.3.2. Rear Entry
5.3.3. Market Attractiveness By Entry Configuration
5.3.4. Y-o-Y growth Comparison, 2014-2028
5.4. Analysis and Forecast US$ Mn) Comparison By End Use Application 2018-2028
Continued………

Wheelchair Accessible Vehicle Market: Lucrativeness of North America to Yield Super Growth

According to United States Census Bureau, around 20 percent of people in the US (about 2.35 million) are suffering from disabilities. This has translated into increasing adoption of wheelchair accessible vehicles in the region, with a large concentration in United States, given its favorable transportation infrastructure. Moreover, increased government support coupled with presence of large players in the country have facilitated growth in demand and adoption of wheelchair accessible vehicles, making North America a lucrative market with respect to sales volume of wheelchair accessible vehicles during the period of forecast.

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