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Wheelchair Accessible Vehicle Converter Market Size, Share & Industry Analysis, By Entry Configuration (Side Entry, Rear Entry), By Mode of Entry (Ramps, Lifts), By Vehicle Type (SUVs, Vans, Others) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105840 | Status : Ongoing

 

KEY MARKET INSIGHTS

Rapid technological advancement in the automotive industry has influenced the growth of wheelchair accessible vehicle converter market in the past decade. As the number of disabled increases worldwide, these converters are gaining popularity across the globe. Disable people, and their families prefer installing these wheelchair-accessible vehicle converters in their automobiles for hassle-free commute and transportation.


Growing disabilities among the victims of accidents and the ageing population of baby boomers are the prominent factors driving the market growth over the forecast period. Additionally, raising safety concerns among the families of specially challenged people and demand for hassle-free commute and transportation are anticipated to fuel the market growth in upcoming years. Moreover, the surge in wheelchair users worldwide further influences the market growth.

The growing trend for mobility assisting devices is expected to accelerate the market growth. Additionally, increasing demand for wheelchair-accessible vehicle converters in the healthcare sector to provide convenience to patients will propel the market growth in upcoming years. Furthermore, the manufacturer's efforts to offer safe, economical, and efficient converters to wheelchair users combined with the growing interest of wheelchair users to use automobiles is anticipated to boost the market growth during the forecast period.

According to the U.S. Department of Health & Human Services, every 2 in 5 adults of age 65 years and older suffer from a disability. Additionally, every one in five women in the United States has a disability. An increasing number of these disabled and ageing populations is influencing the market.  However, Low awareness about wheelchair-accessible vehicle converters and their lack of availability in some developing and underdeveloped economies may restrain the market growth.

Key Market Driver -

Increasing number of wheel chair users worldwide is driving the market growth

Key Market Restraint -

Low awareness about wheelchair accessible vehicle converters in some developing and underdeveloped economies may restrain the market growth.


Market Segmentation:


The wheelchair-accessible vehicle converter market is segmented by entry configuration, by mode of entry, by vehicle type, and by region.

By entry configuration, the market is segmented into side entry and rear entry.

The rear entry segment held the largest market share in 2020 and is anticipated to continue its dominance in years to come. The cost-effectiveness of the rear entry configuration fuels the segment growth. Additionally, the rear entry segment is highly preferred by wheelchair users who are not interested in driving the automotive as it provides more convenience as compared to the side entry configuration. However, the side entry configuration segment is anticipated to witness the fastest growth rate due to the increasing number of wheelchair users who opt to drive or wish to occupy the front seat. 

By mode of entry, the market is segmented into ramps and lifts

The ramp segment accounted for the largest market share in 2020 and is expected to continue holding its leading position over the forecast period. Ease of use, high availability, and capacity to operate in less space are some of the factors responsible for the growth in popularity and adoption of ramp mode. Additionally, the compatibility of ramps with small-sized automotive is further expected to fuel their demand during the forecast period. Demand for the lift-type entry mode is also increasing due to features, including safe & slow mounting of the wheelchair.

By vehicle type, the market is segmented into SUVs, vans, and others.

The vans segment dominated the market in 2020 and is likely to continue its dominance from 2021 to 2028. The increasing use of vans in the healthcare sector is expected to fuel the segment growth. In addition, vans provide significant height and space for the safe and effective utilization of wheelchair-accessible vehicle converters. Moreover, the inclination of wheelchair users' families towards adopting vans to avoid hassle-free commutes will propel the market growth in upcoming years.

Key Players:


Major players operating in the global wheelchair accessible vehicle converter market include Brotherwood Automobility Limited, Kirchoff Mobility, Vantage Mobility International, Braun Corp., Rollx Vans, Freedom Motors USA, AMS Vans, GM Coachwork Ltd., Growings Mobility Group Limited, Allied Mobility, Sirius Automotive Ltd., and Autech Japan, Inc. among others.

Key Insights



  • New Advancements in Wheelchair Accessible Vehicle Converter Market

  • Number of Products, Key Countries, 2020

  • New Product and Launches, Key Players


Regional Analysis:


Based on geography, the Wheelchair Accessible Vehicle Converter Market is segmented into North America, Europe, Asia Pacific, and the rest of the world.

North America held the largest market share in 2020 and is likely to continue its dominance from 2021 to 2028. The presence of technological advancement and higher consumer affordability are some of the prominent factors driving the market. Additionally, the increasing number of wheelchair users in the region combined with the financial aid provided by the government is anticipated to fuel the market growth over the forecast period. Moreover, developed infrastructure in the region, which facilitates more accessibility to wheelchair users, further accelerates the market growth. The Asia Pacific is likely to witness the highest growth rate from 2021 to 2028. The surge in the wheelchair users’ population and high adoption rate in emerging countries such as Japan and China is anticipated to fuel the market growth in upcoming years.

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Segmentation


























  ATTRIBUTE

  DETAILS

By Entry Configuration



  • Side Entry

  • Rear Entry



By Mode of Entry



  • Ramps

  • Lifts



By Vehicle Type



  • SUVs

  • Vans

  • Others



By Geography



  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World






  • Ongoing
  • 2023
  • 2019-2022

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