Wheelchair Accessible Vehicle Converter Market to Exceed Valuation of US$ 13.84 Bn by 2031, TMR Study

News provided by

Transparency Market Research

01 Mar, 2022, 04:30 GMT

- Government support in several countries for the safe mobility of physically challenged individuals for their everyday functioning is boosting the wheelchair accessible vehicle converter market

- Collaborations of wheelchair manufacturers with manufacturers of sports utility vehicles (SUVs) and vans for wheelchair-friendly vehicle design strengthen the growth of wheelchair accessible vehicle converter market

ALBANY, N.Y., March 1, 2022 /PRNewswire/ -- Analysts at TMR estimate the wheelchair accessible vehicle converter market to reach the valuation of US$ 13.84 Bn by 2031. The large population with functional disabilities who are restricted on wheelchair for movement primarily fuels the expansion of the wheelchair accessible vehicle converter market. This population needs special access equipment for wheelchair to be loaded and fit into the design of passenger vehicles.

A large elderly population that suffers from various orthopedic conditions faces challenges of limited mobility on wheelchairs. This is leading to the rising adoption of cost-effective wheelchair-friendly supporting platform for access to passenger vehicles.

North America is a key region in the wheelchair accessible vehicle converter market. Large population of wheelchair users, high purchasing power, and developed infrastructure that supports use of wheelchairs fuel the expansion of the wheelchair accessible converter market in the region. Governments supporting demand for mobility of disabled individuals for everyday functioning in jobs, education, and sports cements the growth of the wheelchair accessible vehicle converter market in the region.

Request a Report Sample at - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3949

Wheelchair Accessible Vehicle Converter Market – Key Findings of Report

  • High incidence of trauma-related unexpected disabilities that requires mobility support for everyday functioning of affected individuals boosts the wheelchair accessible vehicle converter market
  • R&D and collaborations undertaken by passenger car manufacturers to introduce novel solutions for wheelchairs users are benefitting the expansion of the wheelchair accessible vehicle converter market. Wheelchair accessible vehicle converter manufacturers are collaborating with manufacturers of sports utility vehicle (SUVs) and other classes of passenger vehicles to develop vehicles with access ramp and room designed for wheelchairs.
  • Initiatives undertaken by small- and medium-sized manufacturers of wheelchair accessible vehicle converters to foray into distribution to strengthen supply chains in regions with high growth potential are favorable for the growth of the wheelchair accessible vehicle converter market
  • Introduction of special service from cab operators such as Uber Cabs for disabled individuals is creating new frontiers in the wheelchair accessible vehicle converter market. UberAccess service launched by Uber Cabs in India provides vehicles with high roof and wheelchair accessibility for individuals who are restricted on wheelchairs.
  • Increasing government subsidies for ventures to support the mobility of physically challenged individuals assists the growth of the wheelchair accessible vehicle converter market. Governments in economically developed countries offer tax incentives for passenger vehicle manufacturers that design special vehicles to fit wheelchairs.
  • The ramp method segment led the wheelchair accessible vehicle converter market vis-à-vis volume and revenue. This is due to the cost-effective and easy attach of ramp for wheelchair to be loaded in the vehicle.

Get PDF Brochure for More Insights at https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3949

Wheelchair Accessible Vehicle Converter Market – Growth Drivers

  • Rise in demand for safe mobility of physically challenged people for their functional needs fuels the growth of the wheelchair accessible vehicle converter market
  • Government subsidies in several countries for manufacture of wheelchair-friendly passenger vehicles supports the growth of the wheelchair accessible vehicle converter market

Request for Covid19 Impact Analysis at https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=3949

Wheelchair Accessible Vehicle Converter Market – Key Players

Some of the key players operating in the wheelchair accessible vehicle converter market are;

  • Kirchoff Mobility
  • Allied Mobility
  • Vantage Mobility International
  • AMS Vans
  • Universal Motions
  • GM Coachwork Ltd.
  • Tripod Mobility
  • Freedom Motors USA
  • Brotherwood Automobility Limited
  • Rollx Vans
  • Autech Japan Inc.
  • Growing Mobility Group Limited
  • Sirius Automotive Ltd.

Enquiry Before Buying at https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=3949

The wheelchair accessible vehicle converter market is segmented as follows;

Wheelchair Accessible Vehicle Converter Market, by Entry Type

  • Side Entry
  • Rear Entry

Wheelchair Accessible Vehicle Converter Market, by Method

  • Ramps
  • Lifts

Wheelchair Accessible Vehicle Converter Market, by Vehicle Type

  • SUVs
  • Vans
  • Others

Wheelchair Accessible Vehicle Converter Market, by Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Browse Latest Automotive and Transport Market Research Reports by TMR:

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

For More Research Insights on Leading Industries, Visit our YouTube channel - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Access MarketNgage: The On Demand, Subscription based platform from Transparency Market Research

www.marketngage.com 

Now avail flexible Market Research Subscription through MarketNgage, the Market Research Subscription Platform from Transparency Market Research and other iconic market research powerhouses. Go beyond just reports and access research multi-format through downloadable executive summaries, chapters, databooks, infographics, charts, interactive playbook for data visualization and full reports across all major industries, 200+ sub sectors and 1200+ niche markets, through MarketNgage.

Sign Up for a 7 day free trial!

Contact
Mr Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com 
Follow Us: Twitter | LinkedIn
Blog: https://tmrblog.com
Website: http://www.transparencymarketresearch.com

Press Release: https://www.transparencymarketresearch.com/pressrelease/wheelchair-accessible-vehicle-converters.htm

Logo: https://mma.prnewswire.com/media/1682871/TMR_Logo_Logo.jpg