The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s wheelchair-accessible vehicle converter market report forecasts the wheelchair-accessible vehicle converter market size to grow to $9.57 Billion by 2027, with a CAGR (compound annual growth rate) of 5%.

Learn More On The Wheelchair Accessible Vehicle Converter Market Report 2023 – https://www.thebusinessresearchcompany.com/report/wheelchair-accessible-vehicle-converter-global-market-report

Wheelchair Accessible Vehicle Converter Market Size Forecast
The global wheelchair-accessible vehicle converter market is expected to grow from $7.42 billion in 2022 to $7.88 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global wheelchair accessible vehicle converter market size is expected to reach $9.57 billion in 2027 at a CAGR of 5%.

North America held the largest wheelchair-accessible vehicle converter market share.

Key Wheelchair Accessible Vehicle Converter Market Driver ­– Increase In The Number Of The Elderly Population
According to the globe Health Organisation, a United Nations body based in Switzerland, the percentage of individuals over 60 in the globe is expected to rise from 12% to 22% between 2015 and 2050. Between 2020 and 2050, the number of persons aged 80 and more is expected to treble, reaching 426 million. As a result, the growing older population is propelling the wheelchair-accessible car conversion market forward.

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Key Wheelchair Accessible Vehicle Converter Market Trend – Technological Advancement
To maintain their market position, major firms in the wheelchair-accessible car converter industry are embracing innovative technology. For example, Vantage Mobility International, a wheelchair-accessible vehicle manufacturer based in the United States, will introduce the first wheelchair-accessible minivan in May 2022. A lowing floor conversion enhances accessibility, fuel efficiency, and all-wheel drive capabilities are among the particular characteristics. Even in severe weather, the wheelchair user has more options to drive in a variety of settings with more traction and control.

Wheelchair Accessible Vehicle Converter Market Segment
1) By Entry Point: Side Entry, Rear Entry
2) By Mode Of Entry: Ramps, Lifts
3) By Vehicle Type: Sport Utility Vehicle, Trucks, Other Vehicle Types

Wheelchair Accessible Vehicle Converter Market Major Players and Strategies
Major players in the wheelchair-accessible vehicle converter market are Freedom Motors USA, Brotherwood Automobility Limited, Vantage Mobility International, Rollx Vans, AMS Vans Inc., Universal Motions, Growings Mobility Group Limited, GM Coachwork, Sirius Automotive Ltd., Tripod Mobility, Autech Japan, Inc., Allied Mobility, BraunAbility, and Toyota Motor Corporation.

Superior Van & Mobility, a US-based firm that sells, services, rents, installs, fixes, and maintains conversion vans and wheelchair lifts for vans/vehicles, bought Presidential Conversions for an unknown sum in February 2020. Superior Van & Mobility’s acquisition will hasten the delivery of new and used wheelchair-accessible automobiles, mobility seats, hand controls, scooter lifts and other driving aids for the commercial transportation industry as well as physically challenged consumers. Presidential Conversions is a US-based firm that specialises in reasonably cost wheelchair-accessible autos, wheelchair lifts, and mobility aids for the disabled.

The Wheelchair Accessible Vehicle Converter Global Market Report 2023 covers regional data on wheelchair-accessible vehicle converter market size, wheelchair-accessible vehicle converter market trends and drivers, opportunities, strategies, and wheelchair-accessible vehicle converter market competitor analysis. The countries covered in the wheelchair-accessible vehicle converter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Wheelchair-accessible vehicle converters are vehicles that have been expressly engineered to allow wheelchair users to drive safely and pleasantly while still seated in their wheelchair.

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