Quick Summary:
In an ever-evolving world, the need for increased mobility and accessibility is paramount. The global market for Wheelchair Accessible Vehicle Converters is poised for substantial growth, underscoring the important role such solutions play in driving inclusivity and upgrades in safety standards for the differently abled community. The investment in this research report will, in return, offer strategic insights that will help navigate this promising market.
Within the report, a thorough analysis of key geographical markets such as the U.S., China, Japan, Canada, and Germany are provided. Also given is the growth trajectory of specific segments, offering insights on profitable sectors. Further, the report provides an exhaustive analysis of select industry competitors, providing a competitive landscape that will guide informed decision-making. Stay ahead of the market trends and equip your business with unrivaled insights- invest in the Global Wheelchair Accessible Vehicle Converters Market report today.
Global Wheelchair Accessible Vehicle Converters Market to Reach $11 Billion by 2030
The global market for Wheelchair Accessible Vehicle Converters estimated at US$7.8 Billion in the year 2022, is projected to reach a revised size of US$11 Billion by 2030, growing at a CAGR of 4.4% over the analysis period 2022-2030. SUVs, one of the segments analyzed in the report, is projected to record 4.7% CAGR and reach US$5.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Trucks segment is readjusted to a revised 4.1% CAGR for the next 8-year period.The U.S. Market is Estimated at $2.3 Billion, While China is Forecast to Grow at 4.1% CAGR
The Wheelchair Accessible Vehicle Converters market in the U.S. is estimated at US$2.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2030 trailing a CAGR of 4.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 3.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.Select Competitors (Total 46 Featured) -
- BraunAbility
- Freedom Motors USA
- Mobility Ventures LLC
- Rollx Vans
- Toyota Motor Corporation
- Vantage Mobility International
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and the publisher's Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Wheelchair Accessible Vehicle Converters?
What is the growth rate of the Global Market for Wheelchair Accessible Vehicle Converters?
What is the forecasted size of the Global Market for Wheelchair Accessible Vehicle Converters?
Who are the key companies in the Global Market for Wheelchair Accessible Vehicle Converters?
Report Attribute | Details |
---|---|
No. of Pages | 246 |
Published | December 2023 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 7.8 Billion |
Forecasted Market Value ( USD | $ 11 Billion |
Compound Annual Growth Rate | 4.4% |
Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- BraunAbility
- Freedom Motors USA
- Mobility Ventures LLC
- Rollx Vans
- Toyota Motor Corporation
- Vantage Mobility International