Wheelchair Accessible Vehicle Converters Market: Industry Analysis and Opportunity Assessment
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The global market for wheelchair accessible vehicle converters is growing at a rapid pace worldwide primarily due to technological advancement and growing demand of quality and safe healthcare services by the patient. Moreover, rapidly rising incidences of car and bike accidents is also eventually accentuating the global market demand of wheelchair accessible vehicle converters. Car and bike accident are the common cause for orthopedic trauma across the world. Nearly 1.24 million deaths occur due to traffic accident in every year globally stated by World Health Organization. Moreover, fatal and non-fatal accident is on the rise globally and it will accentuate the global wheelchair accessible vehicle converters market. However, high cost and lack of medical reimbursement are considered as market restraining factor in the global wheelchair accessible vehicle converters market. It is expected that Asian countries would experience immense potential in the wheelchair accessible vehicle converters market during the study period.
North America and Europe dominates the global market of wheelchair accessible vehicle converters due to extensive technological advancement and rising prevalence of various orthopedic surgeries. Furthermore, favorable government initiatives would also drive the wheelchair accessible vehicle converters market in North America and Europe. Asia-Pacific is considered as an emerging market due to growing market penetration in this region. Asian market growth will be fuelled by the presence of untapped opportunities due to extensive increase in the healthcare infrastructure. Hence, it is expected that Asian market will experience a tremendous growth during the study period. Rest of the world (RoW) holds fourth position in the global wheelchair accessible vehicle converters market due to poor economic and health condition in most of the African countries.
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Some of the key players operating in the global wheelchair accessible vehicle converters market includes Fiat Doblo, Renault Kangoo, Kia Sedona and Skoda Roomster, Grand Voyager and Peugeot Bipper.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
Rest of the World
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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North America Wheelchair Accessible Vehicle Converters Market: Scope and Methodology The North America Wheelchair Accessible Vehicle Converters Market was valued at US$781.8 mn in 2015 and is expected to reach US$1.9 bn by 2024. If these values hold true, the market is projected to expand at a CAGR of 11.1% during the forecast period. This report on the North America wheelchair accessible vehicle converters market. The report comprises an elaborate executive summary,