The three leading entities in this market – Mobility Ventures LLC.,
BraunAbility, and Vantage Mobility International – took up over 65%
of the North America wheelchair accessible vehicle converters market
in 2015. According to Transparency Market Research in its recently
published research report, the market featured a moderately
fragmented competitive landscape for that year, and is likely to
slowly grow more consolidated over time. A majority of the players in
this market are highly reliant on bringing out newer and advanced
products in the market as a core part of their strategic expansion
plans. It is also likely for the leading players to change their
focus towards mergers and acquisitions over the coming years.
Request for Sample Copy of Report @
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=16094
According to TMR, the North America wheelchair accessible vehicle
converters market was valued at US$1.74 bn in 2015. It is expected to
expand at a positive CAGR of 5.30% within a forecast period from 2016
to 2024, eventually reaching US$3.47 bn by the end of 2024.
On the basis of the type of vehicle, the North America wheelchair
accessible vehicle converters market has so far been led by full size
vehicles, in terms of revenue in 2015. This segment took up over 48%
of the market for the year, thanks to a rise in the uptake of
wheelchair accessible vehicles as a type of family vehicle. However,
over the coming years the overall rise in demand for medium size
vehicle is expected to be higher in North America.
The U.S. dominated the North America wheelchair accessible vehicle
converters market in 2015 with a share of close to 95% and is
expected to remain in the lead for the given forecast period. This
might be achieved by the increasing presence of a disabled and
geriatric population, the increasing demand for wheelchair accessible
vehicles, and a rise in trauma and accident cases. The market growth
rate is further enhanced by increased government funding and the
rising number of awareness initiatives.
Request a Brochure of the Report @
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=16094
“The growth in the number of disabled patients is currently
influencing the North America wheelchair accessible vehicle
converters market. In 2015, almost 3.3 mn wheelchair users were
already present in North America, a number which is likely to rise
over the coming years due to the growth in prevalence of disability
of mobility among patients,” states a TMR analyst. The massive
geriatric population is a primary proponent of this demographic,
followed by the obese and the trauma and accident victims. This, as a
result, is likely to fuel the demand for wheelchair accessible
vehicle converters further over the forecast period.
The North America wheelchair accessible vehicle converters market is
also being driven by the overall addition of these type of vehicles
in the increasingly asked for user-friendly accessible vehicles
category. The market is, however, currently being restrained by the
high price of these vehicles and the essential components required.
Side entry vehicles have so far been a widely demanded segment in the
North America wheelchair accessible vehicle converters market.
According to analysts, this segment is also likely to propel the
market over the coming years, owing to the increased expenditure on
them, fueling the development rate of manufacturers.
Enquiry for discount on this report @
https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=16094
About Us
Transparency Market Research is a next-generation market intelligence
provider, offering fact-based solutions to business leaders,
consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow,
evolve, and mature. Our real-time data collection methods along with
ability to track more than one million high growth niche products are
aligned with your aims. The detailed and proprietary statistical
models used by our analysts offer insights for making right decision
in the shortest span of time. For organizations that require specific
but comprehensive information we offer customized solutions through
adhoc reports. These requests are delivered with the perfect
combination of right sense of fact-oriented problem solving
methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems
with right methodology of research is the key to help enterprises
reach right decision.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email:
sales@transparencymarketresearch.com
Website:
https://www.transparencymarketresearch.com
No comments:
Post a Comment