Wheelchair accessible vehicles are vehicles which allow easy access for wheelchairs to board a vehicle. The wheelchair along with its carrier can easily board a vehicle either with a help of a ramp or a wheelchair carrying lift. This system allows the person to drive the vehicle or commute as a passenger without excess exertion to get on to the vehicle from the wheelchair. The vehicle converter manufacturing companies have been engaged in developing strong, safe and efficient wheelchair accessible solutions. These companies offer a wide variety of accessible solutions with different entry point and mode of entry. This has aided the overall wheelchair accessible vehicle converters market to flourish by targeting potential customers with different requirements and conditions.

Increasing need for convenient solutions for people suffering from physical disability is one of the prime factors for the rise in the demand for wheelchair accessible vehicles. Hospitals, healthcare centers and families associated with persons with physical disabilities are preferring wheelchair accessible vehicle to ensure stress free commute. In addition, the technology allows physically disabled persons to drive a vehicle. This has inculcated a sense of independence among such persons thereby, boosting their confidence for performing simple daily chores. With diversified end-use applications such as healthcare centers, hospitals and old-age homes, among others, the adoption of wheelchair accessible vehicles has increased considerably in the past few years and is further expected to demonstrate a strong growth throughout the forecast period.

The report titled “Wheelchair Accessible Vehicle Converters Market- Growth, Future Prospects and Competitive Landscape, 2017-2025” offers strategic insights into the global wheelchair accessible vehicle converters market with a focus on the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of market segments based on vehicle type, mode of entry, point of entry and cross-sectional study across different geographies. The study covers the comparative analysis of each sub-segment for the years 2016-2025. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities.

In order to help strategic decision makers, the report also includes competitive profiling of the leading wheelchair accessible vehicle converters manufacturers, their strategies, market positioning and key developments. Some of the major players profiled in the report include ATConversions, GM Coachwork, Advance Mobility, Freedom Motors USA, Vantage Mobility International, Sirus Automotive Ltd, AMS Vans, Inc., Sidewinder Conversions & Mobility Ltd., BROTHERWOOD AUTOMOBILITY LIMITED, Taxi & Bus Conversion Ltd. and Parfit Ltd.

Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the wheelchair accessible vehicle converters industry.
• Market fuelers, market impediments, and their impact on the market growth
• Market inclination insights and key trend analysis for wheelchair accessible vehicle converters market
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2015 – 2016)

Overall, the research study provides a holistic view of the global wheelchair accessible vehicle converters market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

As of 2016, rear entry dominated the overall wheelchair accessible vehicle converters market by the point of entry segment. Rear entry system is generally installed in big vehicle such as vans and trucks, among others. The rear point of entry is easily accessible and generally incorporated with ramp mode of entry. In addition, the entry system does not get hampered in close proximity parking system. This system in incorporated for the vehicles used for hospitals, healthcare centers and old-age homes. Owing to the aforementioned area of applications, the demand for the rear entry system is expected to grow consistently in the following years.

Side entry system allows the wheelchairs to board the vehicles from either side of the vehicles. The point of entry can involve both lift as well as ramp system for boarding and getting off the vehicle. Considerable modification are required in order to enable side entry for wheelchairs into vehicles. The side entry systems need sufficient space on the boarding side to enable wheelchair access in parallel parking system. Consequently, the side entry for wheelchair accessible vehicle converter market is expected to trail rear entry throughout the forecast period.

As of 2016, the use of ramp as a mode of entry for wheelchair accessible vehicle leads the overall segment in terms of revenue. The use of ramps is the simplest and economical way for boarding wheelchairs into a vehicle. Minimal modifications are required to install a ramp onto a vehicle which results in less cost. In addition, the use of ramp is less complicated and hence preferred over lift type mode of entry. Consequently, the demand of ramp entry is expected to grow significantly throughout the forecast period from 2017 to 2025.

Lift mode of entry trailed the ramp system in the overall mode of entry segment, as of 2016. Lift systems are generally installed in bigger vehicles, which offer ample space for modifications. In addition, the installation of lift systems involves heavy modification in the vehicle other than the sitting and lifting module. The system is quite expensive compared to the ramp system. However, lifts mode of entry is most comfortable and safe entry system in the segment. Owing to the aforementioned merit, the lift mode of entry is expected to demonstrate a steady rise in the following years.

As of 2016, the sports utility vehicles (SUVs) used for wheelchair accessible vehicles dominated the overall wheelchair accessible vehicle converters market worldwide. SUVs are preferred considerably over any other vehicles for conversion as they provide ample space and potential to incorporate modifications. These vehicles are proving both comfortable as well as economical for making them wheelchair accessible. With long wheelbase, strong suspension and comfortable sitting arrangement, SUVs offer an ease of installation of wheelchair accessible vehicle convertors.

The use of semi-trucks and trucks as wheelchair accessible vehicles has witnessed a consistent growth from past few years. The trucks are considered as the best alternative in terms of space as well as modifications. However, the cost of the vehicle and modifications has been a major restrain for the adoption of converters in trucks. Trucks are generally preferred by the healthcare, hospitals and old-age homes for carrying multiple number of disabled persons in a single vehicle. With consistently developing technology and reduction in the modification cost, the truck segment for wheelchair accessible vehicle converters market is expected to grow at a steady pace in the following years.

As of 2016, North America dominated the overall wheelchair accessible vehicle converters market in terms of revenue as well as in volume. Technological advancement and rise in the number of orthopedic trauma are few of the many drivers for the wheelchair accessible vehicle converters in North America. Government initiatives towards promoting the use of wheelchair accessible vehicles is also one of the key driving factor the market North America. 

Europe trailed North American wheelchair accessible vehicle converters market in terms of revenue, as of 2016. Numerous converter manufacturers are located in this region. The converter system installed by these providers are quite sophisticated and safe. In addition, rising prevalence of mobility disabilities in road accidents has uplifted the demand for wheelchair accessible vehicle converters.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Wheelchair Accessible Vehicle Converters market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Wheelchair Accessible Vehicle Converters market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Wheelchair Accessible Vehicle Converters market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Wheelchair Accessible Vehicle Converters market?
• Which is the largest regional market for Wheelchair Accessible Vehicle Converters market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Wheelchair Accessible Vehicle Converters market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Wheelchair Accessible Vehicle Converters market worldwide?