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Vehicle Conversion Global Market Report 2024

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    Report

  • 175 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5895260
The vehicle conversion market size has grown strongly in recent years. It will grow from $4.52 billion in 2023 to $4.95 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historical period can be ascribed to enhancements in accessibility, shifts in regulations, a surge in demand for customization, increased awareness of accessibility, and the demands of an aging population.

The vehicle conversion market size is expected to see strong growth in the next few years. It will grow to $6.87 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The forecasted growth in the period ahead can be linked to the expansion of financial and insurance support, a cultural emphasis on inclusivity, innovative adaptation in ride-sharing, increased demand in the commercial sector, and the prevalence of personalized solutions. Notable trends in the forecast period encompass modular conversion kits, smart integration solutions, subscription-based conversion services, enhanced autonomous accessibility, and shared accessibility platforms.

The anticipated growth in the vehicle conversion market is expected to be fueled by the rising demand for electric vehicles (EVs). An electric vehicle (EV) relies on an electric motor powered by a battery that can be externally charged. Converting conventional vehicles to electric ones offers various advantages, including extended vehicle lifespan, cost-effectiveness, utilization of existing infrastructure, and reduced environmental impact. As an illustration, a report from the US Department of Energy published in March 2022 revealed a nearly doubling of new light-duty plug-in electric vehicle sales, encompassing electric vehicles and plug-in hybrid electric vehicles, from 308,000 in 2020 to 608,000 in 2021. Additionally, data from the International Energy Agency in September 2022 indicated that electric vehicle sales almost doubled to 6.6 million in 2021 compared to 2020, constituting almost 9% of the sales share and registering a 4% increase in 2021. Consequently, the increasing demand for electric vehicles (EVs) is a driving force behind the growth of the vehicle conversion market.

The expanding footprint of the e-commerce industry is anticipated to drive the growth of the vehicle conversion market in the future. E-commerce, denoting the online buying and selling of goods and services, relies on vehicle conversions, including the modification of vans and trucks to optimize cargo space, integrate refrigeration units, and enhance delivery systems. Notably, the first quarter of 2021 witnessed a significant 39.0 percent surge in US e-commerce sales compared to the same period in 2020, according to the United States Department of Commerce. Therefore, the vehicle conversion market is experiencing growth propelled by the increasing expansion of the e-commerce industry.

Product innovation stands out as a prominent trend gaining traction in the vehicle conversion market. Key players within this market are strategically focusing on the development of novel products to maintain their competitive edge. Notably, in November 2022, UK-based electric vehicle conversion company, Electrogenic Ltd., introduced a range of drop-in EV conversion kits. This product distinguishes itself by facilitating installation while preserving the original vehicle design and structure, ensuring that all conversions are reversible. The electrogenic drop-in kits are anticipated to deliver exceptional drivability, performance, and efficiency, positioning vehicles for a sustainable, low-carbon motoring future.

Major companies engaged in vehicle conversion are forging partnerships to collaborate on new product development. Such collaborations and partnerships in the vehicle conversion market serve as catalysts for innovation, leveraging combined expertise and resources to create tailored solutions, broaden service offerings, and efficiently meet diverse customer needs. An illustrative example is the collaboration between France-based automobile manufacturing company, Renault Group, and electromobility company, Phoenix Mobility. This strategic partnership aims to co-develop and commercially exploit a retrofit kit, a pioneering solution in the French light commercial vehicle (LCV) market. The retrofit kit enables the conversion of combustion engine commercial vehicles over 5 years old into electric vehicles, with an initial focus on the Renault Master model. The goal is to market and install around 1,000 retrofit kits by the end of 2023 at the Re-Factory in Flins, Renault Group's Circular Economy-dedicated site.

In April 2023, UK-based retail and automotive engineering company, Trek-Group, completed the acquisition of Safeguard SVP Ltd. This strategic move enhances Trek-Group's commitment to delivering high-quality engineered solutions for emergency service, defense, and other specialist fleet operators. The acquisition brings together a combined 100,000 sq ft of manufacturing facilities in Colchester and Doncaster, representing a significant step toward achieving strategic objectives and expanding the company's manufacturing and after-sales capabilities in the southern region of the country. Safeguard SVP Ltd. specializes in vehicle conversion for government fleet operators, including ambulance, fire, defense, and police.

Major companies operating in the vehicle conversion market report are BraunAbility, Kisae Technology Inc., Outside Van, Vanworks Inc., El Kapitan Van Conversion, Electro Automotive, Zelectric Motors, Colorado Camper Van LLC, Creative Mobile Interiors Inc., DIYEV Inc., Electric Vehicles of America (EVA), EV Source, EV4U Custom Conversions, EVDrive, Glampervan, Green Motors Inc., Green Shed Conversions, Hi Performance Electric Vehicle Systems, Nomad Vanz, RB Components Inc., Sportsmobile, Van Specialties, Vanlife Customs UK Ltd., Zero Labs, Electric GT Holdings, Advanture Company, American Van, Electric Classic Cars, Flash Drive Motors, OPTO innovation.

North America was the largest region in the vehicle conversion market in 2023. The regions covered in the vehicle conversion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the vehicle conversion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

Vehicle conversions primarily fall into two categories products and services. A product refers to a tangible or intangible item created through a production or manufacturing process, made accessible to customers or businesses for sale or utilization. The diverse range of vehicle types encompasses passenger cars, commercial vehicles, and others, while conversion types include mobility conversion, commercial conversion, recreational conversion, among others.

The vehicle conversion market research report is one of a series of new reports that provides vehicle conversion market statistics, including vehicle conversion industry global market size, regional shares, competitors with a vehicle conversion market share, detailed vehicle conversion market segments, market trends, and opportunities, and any further data you may need to thrive in the vehicle conversion industry. This vehicle conversion market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The vehicle conversion market consists of revenues earned by entities by providing side-entry conversion, rear-entry conversion, and rear- or side-entry wheelchair van conversion. The market value includes the value of related goods sold by the service provider or included within the service offering. The vehicle conversion market also includes sales of van conversion kits, hybrid electric vehicle conversion kits, and automotive conversion kits that are used in providing vehicle conversion services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).


The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.

Table of Contents

1. Executive Summary2. Vehicle Conversion Market Characteristics3. Vehicle Conversion Market Trends and Strategies
4. Vehicle Conversion Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Vehicle Conversion Market Size and Growth
5.1. Global Vehicle Conversion Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Vehicle Conversion Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Vehicle Conversion Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Vehicle Conversion Market Segmentation
6.1. Global Vehicle Conversion Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Product
  • Services
6.2. Global Vehicle Conversion Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Passenger Car
  • Commercial Vehicle
  • Other Vehicle Types
6.3. Global Vehicle Conversion Market, Segmentation by Conversion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Mobility Conversion
  • Commercial Conversion
  • Recreational Conversion
  • Other Conversion Types
7. Vehicle Conversion Market Regional and Country Analysis
7.1. Global Vehicle Conversion Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Vehicle Conversion Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Vehicle Conversion Market
8.1. Asia-Pacific Vehicle Conversion Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Vehicle Conversion Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Vehicle Conversion Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Vehicle Conversion Market, Segmentation by Conversion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Vehicle Conversion Market
9.1. China Vehicle Conversion Market Overview
9.2. China Vehicle Conversion Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Vehicle Conversion Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Vehicle Conversion Market, Segmentation by Conversion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Vehicle Conversion Market
10.1. India Vehicle Conversion Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Vehicle Conversion Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Vehicle Conversion Market, Segmentation by Conversion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Vehicle Conversion Market
11.1. Japan Vehicle Conversion Market Overview
11.2. Japan Vehicle Conversion Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Vehicle Conversion Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Vehicle Conversion Market, Segmentation by Conversion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Vehicle Conversion Market
12.1. Australia Vehicle Conversion Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Vehicle Conversion Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Vehicle Conversion Market, Segmentation by Conversion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Vehicle Conversion Market
13.1. Indonesia Vehicle Conversion Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Vehicle Conversion Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Vehicle Conversion Market, Segmentation by Conversion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Vehicle Conversion Market
14.1. South Korea Vehicle Conversion Market Overview
14.2. South Korea Vehicle Conversion Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Vehicle Conversion Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Vehicle Conversion Market, Segmentation by Conversion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Vehicle Conversion Market
15.1. Western Europe Vehicle Conversion Market Overview
15.2. Western Europe Vehicle Conversion Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Vehicle Conversion Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Vehicle Conversion Market, Segmentation by Conversion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Vehicle Conversion Market
16.1. UK Vehicle Conversion Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Vehicle Conversion Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Vehicle Conversion Market, Segmentation by Conversion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Vehicle Conversion Market
17.1. Germany Vehicle Conversion Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Vehicle Conversion Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Vehicle Conversion Market, Segmentation by Conversion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Vehicle Conversion Market
18.1. France Vehicle Conversion Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Vehicle Conversion Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Vehicle Conversion Market, Segmentation by Conversion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Vehicle Conversion Market
19.1. Italy Vehicle Conversion Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Vehicle Conversion Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Vehicle Conversion Market, Segmentation by Conversion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Vehicle Conversion Market
20.1. Spain Vehicle Conversion Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Vehicle Conversion Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Vehicle Conversion Market, Segmentation by Conversion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Vehicle Conversion Market
21.1. Eastern Europe Vehicle Conversion Market Overview
21.2. Eastern Europe Vehicle Conversion Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Vehicle Conversion Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Vehicle Conversion Market, Segmentation by Conversion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Vehicle Conversion Market
22.1. Russia Vehicle Conversion Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Vehicle Conversion Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Vehicle Conversion Market, Segmentation by Conversion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Vehicle Conversion Market
23.1. North America Vehicle Conversion Market Overview
23.2. North America Vehicle Conversion Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Vehicle Conversion Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Vehicle Conversion Market, Segmentation by Conversion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Vehicle Conversion Market
24.1. USA Vehicle Conversion Market Overview
24.2. USA Vehicle Conversion Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Vehicle Conversion Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Vehicle Conversion Market, Segmentation by Conversion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Vehicle Conversion Market
25.1. Canada Vehicle Conversion Market Overview
25.2. Canada Vehicle Conversion Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Vehicle Conversion Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Vehicle Conversion Market, Segmentation by Conversion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Vehicle Conversion Market
26.1. South America Vehicle Conversion Market Overview
26.2. South America Vehicle Conversion Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Vehicle Conversion Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Vehicle Conversion Market, Segmentation by Conversion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Vehicle Conversion Market
27.1. Brazil Vehicle Conversion Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Vehicle Conversion Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Vehicle Conversion Market, Segmentation by Conversion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Vehicle Conversion Market
28.1. Middle East Vehicle Conversion Market Overview
28.2. Middle East Vehicle Conversion Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Vehicle Conversion Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Vehicle Conversion Market, Segmentation by Conversion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Vehicle Conversion Market
29.1. Africa Vehicle Conversion Market Overview
29.2. Africa Vehicle Conversion Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Vehicle Conversion Market, Segmentation by Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Vehicle Conversion Market, Segmentation by Conversion Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Vehicle Conversion Market Competitive Landscape and Company Profiles
30.1. Vehicle Conversion Market Competitive Landscape
30.2. Vehicle Conversion Market Company Profiles
30.2.1. BraunAbility
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Kisae Technology Inc.
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Outside Van
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Vanworks Inc.
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. El Kapitan Van Conversion
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Vehicle Conversion Market Other Major and Innovative Companies
31.1. Electro Automotive
31.2. Zelectric Motors
31.3. Colorado Camper Van LLC
31.4. Creative Mobile Interiors Inc.
31.5. DIYEV Inc.
31.6. Electric Vehicles of America (EVA)
31.7. EV Source
31.8. EV4U Custom Conversions
31.9. EVDrive
31.10. Glampervan
31.11. Green Motors Inc.
31.12. Green Shed Conversions
31.13. Hi Performance Electric Vehicle Systems
31.14. Nomad Vanz
31.15. RB Components Inc.
32. Global Vehicle Conversion Market Competitive Benchmarking33. Global Vehicle Conversion Market Competitive Dashboard34. Key Mergers and Acquisitions in the Vehicle Conversion Market
35. Vehicle Conversion Market Future Outlook and Potential Analysis
35.1 Vehicle Conversion Market in 2028 - Countries Offering Most New Opportunities
35.2 Vehicle Conversion Market in 2028 - Segments Offering Most New Opportunities
35.3 Vehicle Conversion Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Vehicle Conversion Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on vehicle conversion market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for vehicle conversion? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Type: Product; Services
2) By Vehicle Type: Passenger Car; Commercial Vehicle; Other Vehicle Types
3) By Conversion Type: Mobility Conversion; Commercial Conversion; Recreational Conversion; Other Conversion Types

Key Companies Mentioned: BraunAbility; Kisae Technology Inc.; Outside Van; Vanworks Inc.; El Kapitan Van Conversion

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • BraunAbility
  • Kisae Technology Inc.
  • Outside Van
  • Vanworks Inc.
  • El Kapitan Van Conversion
  • Electro Automotive
  • Zelectric Motors
  • Colorado Camper Van LLC
  • Creative Mobile Interiors Inc.
  • DIYEV Inc.
  • Electric Vehicles of America (EVA)
  • EV Source
  • EV4U Custom Conversions
  • EVDrive
  • Glampervan
  • Green Motors Inc.
  • Green Shed Conversions
  • Hi Performance Electric Vehicle Systems
  • Nomad Vanz
  • RB Components Inc.
  • Sportsmobile
  • Van Specialties
  • Vanlife Customs UK Ltd.
  • Zero Labs
  • Electric GT Holdings
  • Advanture Company
  • American Van
  • Electric Classic Cars
  • Flash Drive Motors
  • OPTO innovation.

Methodology

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Table Information