openPR Logo
Press release

Global Wheelchair Accessible Vehicle Market: Side Entry to Provide Large Impetus for Growth

08-29-2018 10:12 AM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

FACTMR

FACTMR

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.

Click for Sample Copy of the Report here @ https://www.factmr.com/connectus/sample?flag=S&rep_id=912

Fact.MR has compiled several intrinsic aspects associated with wheelchair accessible vehicle in a new intelligence report and has provided future projections of wheelchair accessible vehicle market along with growth prospects across various regions during the assessment period, 2018-2028. According to the intelligence report, the wheelchair accessible vehicle market is projected to expand at a steady pace and its growing demand is expected to translate into sales crossing US$ 6 billion by end of the period of assessment (2028). This growth is led by increasing demand for hi-tech wheelchair accessible vehicles, growing medical tourism and assistance from governments across countries. Furthermore, wheelchair accessible vehicles are expected to witness increased adoption in developing countries of North America and Europe, with an increased demand in emerging economies of Asia Pacific excluding Japan (APEJ) region.

Wheelchair Accessible Vehicle Market: Side Entry to Provide a Large Impetus for Growth

Given its advantage with respect to storage space, the demand for a wheelchair accessible vehicle with side entry is expected to increase in the coming years. With a side entry, the user has the option of leaving the vehicle in a forward position as opposed to backing out, and it also allows more head room for people. Moreover, side entry does not block away the trunk space, which increases its usability as it facilitates better storage along with its use as a carrier for the disabled. The report analyses that sales of wheelchair accessible vehicle with a side entry surpassed those of wheelchair accessible vehicle with rear entry and the former is expected to retain its status quo throughout the period of assessment.

For more information, click on the link @ https://www.factmr.com/report/912/wheelchair-accessible-vehicle-market

Wheelchair Accessible Vehicle Market: Refurbished More Favored than New

The wheelchair accessible vehicle market is strongly impacted with sales of new and refurbished wheelchair accessible vehicles. With a high initial cost of wheelchair accessible vehicle, it has become challenging for manufacturers as they are likely to face customer reluctance with respect to purchasing. Price intensive nature of wheelchair accessible vehicle has confined its purchase to a limited customer base. However, refurbishing of old wheelchair accessible vehicle significantly reduces the overall pricing of the product, which is likely to push its demand and sales during the forecast period. Furthermore, the concept of customization has proliferated into the automotive world, with wheelchair accessible vehicle being no exception. Instead of purchasing a new wheelchair accessible vehicle, customers are more inclined towards converting their minivans or SUVs and small cars into wheelchair accessible vehicles. This factor fuelled sales of refurbished wheelchair accessible vehicle in the past years and is likely to continue with this trend during the entire review period.

Wheelchair Accessible Vehicle Market: Ramp to Witness Huge Lift

Wheelchair accessible vehicles include entry mechanisms such as ramps and lifts depending upon customer requirement. Wheelchair accessible vehicle with ramp as an entry mechanism has witnessed increased acceptance owing to its affordability, easy installation and fuel efficiency. Moreover, ramps use less storage space as compared to lifts. Ramps are generally used in small vans given their ultra-light weight and extreme durability. On the other hand, lifts are a second preference among users that consider this type of entry mechanism for full size conversion vans and are an idea option when limitations of space would reduce the functionality of ramps. Albeit their ease in operation and convenience, lifts are expected to trail ramps with respect to demand in the wheelchair accessible vehicle market.

Any Query Discuss with Our Expert Team @ https://www.factmr.com/connectus/sample?flag=AE&rep_id=912

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Wheelchair Accessible Vehicle Market: Side Entry to Provide Large Impetus for Growth here

News-ID: 1208533 • Views:

More Releases from Fact.MR

Bioinformatics Market is Growing at a CAGR of 13.4% by 2034 | Fact.MR Report
Bioinformatics Market is Growing at a CAGR of 13.4% by 2034 | Fact.MR Report
The latest report on the Bioinformatics Market, projecting robust growth driven by the increasing demand for genomic research, advancements in artificial intelligence (AI), and the rising adoption of precision medicine. Valued at USD 14.29 billion in 2024, the global market is forecast to expand at a compound annual growth rate (CAGR) of 13.4%, reaching USD 50.25 billion by 2034. This significant growth underscores the critical role of bioinformatics in decoding
Residential Robotic Vacuum Cleaner Market to Reach USD 11.6 Billion by 2033 | Key Players: iRobot Corporation, Neato Robotics, Inc., Yujin Robot, Co., Ltd., and Dyson Inc
Residential Robotic Vacuum Cleaner Market to Reach USD 11.6 Billion by 2033 | Ke …
Fact.MR today released its latest report on the Residential Robotic Vacuum Cleaner Market, projecting robust growth driven by increasing demand for automation, busy lifestyles, and advancements in smart home technologies. Valued at USD 3.0 billion in 2023, the global market is forecast to expand at a compound annual growth rate (CAGR) of 14.4%, reaching USD 11.6 billion by 2033. This significant growth highlights the rising adoption of robotic vacuum cleaners
Brain-Computer Interface Market is Estimated to Reach USD 6.5 Billion by 2033
08-29-2025 | Health & Medicine
Fact.MR
Brain-Computer Interface Market is Estimated to Reach USD 6.5 Billion by 2033
The global brain-computer interface (BCI) market was valued at USD 1.6 billion in 2022 and is projected to reach USD 6.5 billion by 2033, growing at a compound annual growth rate (CAGR) of 13.6% from 2023 to 2033. This expansion reflects the increasing adoption of BCI technologies in medical applications, driven by advancements in neuroscience, AI, and sensor technologies. BCIs enable direct communication between the brain and external devices, offering
Orally Disintegrating Tablet Market is Projected to Reach USD 72.68 Billion by 2034 | Key Players: Johnson & Johnson Services Inc; Teva Pharmaceutical Industries Ltd.; Sun Pharmaceutical Industries Ltd.; Takeda Pharmaceutical Company Limited
08-29-2025 | Health & Medicine
Fact.MR
Orally Disintegrating Tablet Market is Projected to Reach USD 72.68 Billion by 2 …
The global orally disintegrating tablet (ODT) market is valued at USD 24.45 billion in 2024 and is forecasted to expand at a compound annual growth rate (CAGR) of 11.5%, reaching USD 72.68 billion by 2034. This robust growth is driven by the increasing demand for patient-friendly dosage forms, particularly among the elderly, pediatric, and dysphagic populations, who benefit from ODTs' ease of administration without water and rapid dissolution. ODTs enhance

All 5 Releases


More Releases for Wheelchair

Wheelchair Market: Global Wheelchair Market Analysis and Forecast (2023-2029)
12.04.2024: Wheelchair Market Overview The development of companion diagnostic tools and advances in personalised treatment are driving considerable growth and revolution in the oncology Wheelchair market. In the era of precision medicine, where healthcare is increasingly customised for individual individuals based on their own genetic and molecular profiles, this market segment is essential. Ongoing innovation and development define the oncology Wheelchair market. To find particular biomarkers, genetic mutations, or other molecular
Wheelchair clothing
Wheelchair clothing plays a crucial role in enhancing comfort, mobility, and style for individuals with mobility challenges. These specially designed garments are crafted with attention to detail, ensuring ease of dressing, sitting, and moving in a wheelchair. One of the key features of wheelchair clothing is its adaptive design. These garments often feature open-backs, side zippers, and Velcro closures, eliminating the need for strenuous movements and making dressing and undressing a
Demand for Powered Wheelchair Market is growing Worldwide | Electric Wheelchair …
Worldwide Power Wheelchairs and Personal Mobility markets are poised to achieve significant growth because the devices provide mobility and significant health benefits for handicapped users. Power wheelchair markets at $XX.XX billion in 2019 are anticipated to reach $XX.XX billion in 2026. As the autonomous personal vehicle, the robotic personal vehicle, self-driving personal vehicle, or driverless personal vehicles evolve, they are first implemented in stages with various levels of autonomous features. As
Wheelchair Market to 2027 - Global Analysis and Forecasts By Product Type (Manua …
Patients use wheelchairs when walking is impossible for them due to injury, illness, or disability. There are different types of wheelchairs available in the market, depending on the patient's requirement. There is a wide range of wheelchairs available differing by mechanisms of control, propulsion method, and technology used. There has been a significant effort in the last decade to develop a wheelchair. The wheelchair market is anticipated to grow in the
Electric Wheelchair Market Report 2018: Segmentation by Product (Centre wheel dr …
Global Electric Wheelchair market research report provides company profile for Heartway, 21st Century SCIENTIFIC Inc., Pride Mobility Products Corp, EZ Lite Cruiser, Merits Health Products, Inc., Dane, Golden Technologies, Drive Medical, Invacare Corp, Hoveround Corp and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth
Wheelchair Safari Tour
Ottobock Supports Hanover Adventure Zoo Free rides in the adventure zoo: the medical technology company Ottobock has donated ten new wheelchairs, which are made available to visitors free of charge, to the Hanover zoo. 99-year-old Erna Bönig, who was visiting the zoo with her daughter, granddaughter and great-grandson Maximilian, took the first test drive. The tour took her down a long ramp into the underwater world of Canada, where the polar