40,000 Vans and Buses Converted/Upfitted into Wheelchair-Accessible Vehicles for a Combined Annual Value of Over $2 Billion
This market research report examines the business of converting/upfitting vans and fabrication of cutaway buses into wheelchair-accessible and ambulatory vehicles, also known as paratransit or mobility vehicles, for personal and commercial use in North America.
The report examines three segments that are converted into wheelchair-accessible vehicles-minivans, Euro-style ready vans such as the Ford Transit and Mercedes-Benz Sprinter, and buses on cutaway chassis. Of note is the increasing use of full-size Euro-style passenger vans relative to ADA-compliant cutaway buses
Sixty-two companies converted/upfitted more than 40,000 vans and cutaway buses into wheelchair-accessible vehicles in 2018, for a combined annual value of over $2 billion. Though a fragmented business with several regional converters/ upfitters, over 75% of conversion/upfitting is done by the ten leading players. The report provides a comprehensive competitive analysis of all participants, with market shares in units and dollars; this data is also provided in MS Excel format.
Demand for wheelchair-accessible vehicles is projected to grow at a CAGR of over 5% through 2023, driven by an aging population and increasing use of wheelchair-accessible Euro-style ready compact vans in the private commercial segment, especially as taxi cabs.
Attractive opportunities exist for major players with conversion/upfit capabilities in related segments, e.g., vans, buses and limos, who seek product diversification either through new entry or through identification of acquisition candidates.
The report can be put to immediate use for sales and market planning, M&A identification, competitive share analysis, alliances and technology transfer considerations.
Table of Contents
2.2 Euro-Style Ready Vans
2.3 Buses on Cutaway Chassis
4.2 Industry Participants’ Product Mix
4.3 Market Shares: All
4.4 Market Shares: By Entry Method
5.1.1 Market Shares: All
5.1.2 Market Shares: New Minivans - By Vehicle Platform
5.1.3 Market Shares: New Minivans - By Entry Mode
5.1.4 Market Shares: New Minivans - By Entry Mode & Ramp Type
5.1.5 Market Shares: New Minivans - By End Users
5.2 Euro-Style Ready Vans
5.2.1 Market Shares: New
5.2.2 Market Shares: New Ready Vans By Vehicle Platform
5.3 Buses on Cutaway Chassis
5.3.1 Market Shares: All
5.3.2 Market Shares: By Floor Type & Entry Mode
6.2 Distribution Channels
7.2 Mergers, Acquisitions & Closures
7.2.1 Recent Developments (2018)
7.3 Financial Aid & Support
7.4 Alternative Fuel Technology
11.2 Americans with Disabilities Act (ADA) Compliance
- Summary: Segment Totals: Units, dollars & average price
- Market Shares-All-Top 20: Market Shares: Top 20 - Units, dollars & average price by manufacturer
- Minivans-All: Market Shares: Units, dollars & average price by participants
- Euro-Style Vans: Market Shares: Units, dollars & average price by participants
- Cutaway Buses: Market Shares: Units, dollars & average price by participants
- Mfr. Location: All Participant Locations: city and state/province