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Published Date: 2016-10-24Number of Pages: 132

Wheelchair Accessible Vehicle Converters Market (Vehicle Type - Full, Medium, and Small; Entry Modality - Lifts, Ramps, and Transfer Seats) - North America Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

North America Wheelchair Accessible Vehicle Converters Market: Snapshot

The growth of the North America wheelchair accessible vehicle (WAV) converters market rests significantly on the Americans with Disabilities Act of 1990. Title II of the act establishes specific regulations for public transport and facilities to be equipped with assistive equipment for people using wheelchairs. This has had a positive impact on the usage of wheelchair accessible vehicle converters. Technological advancements in terms of fuel efficiency and the introduction of electric wheelchair accessible vehicles has also increased the adoption rate of wheelchair accessible vehicles.

The North America WAV converters market was valued at US$781.8 mn in 2015 and is expected to reach US$1.9 bn by 2024. If these values hold true, the market is projected to expand at a CAGR of 11.1% during the forecast period.

north america wheelchair accessible vehicle converters market

 

Full-sized Vehicles Garner Leading Share in North America WAV Converters Market

Based on entry modality, the North America wheelchair accessible vehicle converters market has been segmented into lifts, ramps, and transfer seats. The ramp segment accounted for the leading share of 67.7% by revenue in the North America WAV converters market in 2015, followed by the lifts segment. Owing to the ease of use and accessibility offered by ramps, this segment is expected to witness high adoption throughout the forecast period.

On the basis of vehicle type, the market has been segmented into full-sized vehicles, medium-sized vehicles, and small-sized vehicles. Among these, full-sized vehicles held a share of around 73.0% in 2015 in terms of revenue. Full-sized vehicles offer more space to accommodate wheelchairs and caretakers, owing to which, the demand for the same remains high in the North America market.

Large Population Base of People with Disabilities Driving Adoption across U.S. and Canada

On the basis of country, the U.S. is estimated to account for a whopping 88.3% of the revenue generated by the North America wheelchair accessible vehicle converters market by 2024, exhibiting a strong CAGR of 11.2% over the course of the forecast period. Driven by a large disabled population base and the growing number of initiatives by vehicle converters, the U.S. market is expected to witness an increased adoption of WAVs in the coming years. A rising number of car rental agencies providing WAV services is also expected to boost the U.S. market for wheelchair accessible vehicle converters.

By the size of vehicle, full-sized vehicles accounted for the leading share in the U.S. due to a higher adoption rate. Growth in this segment can also be attributed to a significant push from the supply side as several WAV converters offer a strong vehicle portfolio.

Although Canada accounts for a rather small share in the North America wheelchair accessible vehicle converters market, it is projected to reflect a healthy CAGR of 10.5% through 2024, hinting at the immense potential this market possesses. Growth in the number of people with disabilities in the country is expected to promote the demand for WAVs over the forecast period. According to the Canadian Survey on Disability, in 2012, 81.3% of the disabled population in Canada used assistive devices for mobility.

In Canada, full-sized vehicles hold the dominant share in the wheelchair accessible vehicle converters market owing to large interior space and easy mobility for caregivers. However, an ongoing shift in demand from full-sized vehicles to minivans and medium-sized SUVs among youth is expected to boost the market for medium-sized vehicles over the forecast period.

Some of the major companies operating in the North America wheelchair accessible vehicle converters market are Toyota Motor Sales, U.S.A., Inc., BraunAbility, Freedom Motors USA, Vantage Mobility International, and Mobility Ventures LLC.

1. Preface    
     1.1. Market Definition and Scope
     1.2. Market Segmentation
     1.3. Key Research Objectives
     1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary: North America Wheelchair Accessible Vehicle Converters Market

4. Market Overview
     4.1. Introduction
            4.1.1. Product Definition
            4.1.2. Industry Evolution / Developments
     4.2. Market Overview
     4.3. PESTEL Analysis
     4.4. Key Policies & Regulations
     4.5. Price Trend Analysis
     4.6. List of Local Distributors
     4.7. Value Chain Analysis
     4.8. Market Dynamics
            4.8.1. Drivers    
            4.8.2. Restraints
            4.8.3. Opportunities
     4.9. Market Revenue Projections in Value (US$ Mn) and Volume (Units) 
     4.10. Market Outlook

5. North America Wheelchair Accessible Vehicle Converters Market Analysis and Forecast, By Vehicle Type
     5.1. Introduction     
     5.2. Market Size (US$ Mn) and Volume (Units) Forecast, By Vehicle Type 
            5.2.1. Full Size Vehicle
            5.2.2. Medium Size Vehicle
            5.2.3. Small Size Vehicle
     5.3. Comparison Matrix
     5.4. Market Attractiveness By Vehicle Type

6. North America Wheelchair Accessible Vehicle Converters Market Analysis and Forecasts, By Entry Modality
     6.1. Introduction     
     6.2. Market Size (US$ Mn) Forecast, By Entry Modality
            6.2.1. Lift    
            6.2.2. Ramps    
            6.2.3. Transfer Seat
     6.3. Comparison Matrix
     6.4. Market Attractiveness By Entry Modality

7. North America Wheelchair Accessible Vehicle Converters Market Analysis and Forecast, By Country
     7.1. Introduction     
     7.2. Market Size (US$ Mn) and Volume (Units) Forecast, By Country
            7.2.1. U.S.    
            7.2.2. Canada     
     7.3. Market Attractiveness By Country

8. U.S. Wheelchair Accessible Vehicle Converters Market Analysis and Forecast, By Vehicle Type
     8.1. Introduction 
     8.2. Market Size (US$ Mn) and Volume (Units) Forecast, By Vehicle Type 
            8.2.1. Full Size Vehicle
            8.2.2. Medium Size Vehicle
            8.2.3. Small Size Vehicle
            8.3. Market Attractiveness By Vehicle Type

9. U.S. Wheelchair Accessible Vehicle Converters Market Analysis and Forecasts, By Entry Modality
     9.1. Introduction 
     9.2. Market Size (US$ Mn) Forecast, By Entry Modality
            9.2.1. Lift    
            9.2.2. Ramps    
            9.2.3. Transfer Seat
     9.3. Market Attractiveness By Entry Modality

10.  Canada Wheelchair Accessible Vehicle Converters Market Analysis and Forecast, By Vehicle Type
     10.1. Introduction 
     10.2. Market Size (US$ Mn) and Volume (Units) Forecast, By Vehicle Type 
            10.2.1. Full Size Vehicle
            10.2.2. Medium Size Vehicle
            10.2.3. Small Size Vehicle
     10.3. Market Attractiveness By Vehicle Type

11. Canada Wheelchair Accessible Vehicle Converters Market Analysis and Forecasts, By Entry Modality
     11.1. Introduction 
     11.2. Market Size (US$ Mn) Forecast, By Entry Modality
            11.2.1. Lift    
            11.2.2. Ramps    
            11.2.3. Transfer Seat
     11.3. Market Attractiveness By Entry Modality

12. Competition Landscape
     12.1. Market Player – Competition Matrix (By Tier and Size of companies)
     12.2. Market Share Analysis By Company (2015)
     12.3. Company Profiles (Details – Overview, Financials, Recent Developments, Strategy)
            12.3.1. Toyota Motor Corporation
                     12.3.1.1. Company Overview (HQ, Business Segments, Employee Strength)
                     12.3.1.2. Financial Overview
                     12.3.1.3. Product Portfolio
                     12.3.1.4. SWOT Analysis
                     12.3.1.5. Strategic Overview
            12.3.2. Rollx Vans
                     12.3.2.1. Company Overview (HQ, Business Segments, Employee Strength)
                     12.3.2.3. Product Portfolio
                     12.3.2.3. Strategic Overview
            12.3.3. BraunAbility
                     12.3.3.1. Company Overview (HQ, Business Segments, Employee Strength)
                     12.3.3.2. Product Portfolio
                     12.3.3.3. SWOT Analysis
                     12.3.3.4. Strategic Overview
            12.3.4. Vantage Mobility International
                     12.3.4.1. Company Overview (HQ, Business Segments, Employee Strength)
                     12.3.4.2. Product Portfolio
                     12.3.4.3. SWOT Analysis
                     12.3.4.4. Strategic Overview
            12.3.5. Mobility Ventures LLC
                     12.3.5.1. Company Overview (HQ, Business Segments, Employee Strength)
                     12.3.5.3. Product Portfolio
                     12.3.5.3. Strategic Overview
            12.3.6. Freedom Motors USA
                     12.3.6.1. Company Overview (HQ, Business Segments, Employee Strength)
                     12.3.6.3. Product Portfolio
                     12.3.6.3. Strategic Overview

Key Take Away

List of Figures

Figure 01: Market Snapshot
Figure 02: North America Wheelchair Accessible Vehicles Market, Price Difference (US $) By Vehicle Type, 2015
Figure 03: North America Wheelchair Accessible Vehicles Market, Price Difference (US $) By Vehicle Type, 2024
Figure 04: North America Wheelchair Accessible Vehicle Converters Market Value Share Analysis, by Vehicle Type, 2016 and 2024
Figure 05: North America Wheelchair Accessible Vehicle Converters Market Size (US$ Mn) Forecast, by Full Size Vehicle, 2015–2024
Figure 06: North America Wheelchair Accessible Vehicle Converters Market Size (US$ Mn) Forecast, by Medium Size Vehicle, 2015–2024
Figure 07: North America Wheelchair Accessible Vehicle Converters Market Size Y-o-Y Growth Projections, by Medium Size Vehicle, 2016–2024
Figure 08: North America Wheelchair Accessible Vehicle Converters Market Size (US$ Mn) Forecast, by Small Size Vehicle, 2015–2024
Figure 09: North America Wheelchair Accessible Vehicle Converters Market Size Y-o-Y Growth Projections, by Small Size Vehicle, 2016–2024
Figure 10: North America Market Attractiveness Analysis, by Vehicle Type
Figure 11: North America Wheelchair Accessible Vehicle Converters Market Value Share Analysis, by Entry Modality, 2016 and 2024
Figure 12: North America Wheelchair Accessible Vehicle Converters Market Size (US$ Mn) Forecast, by Lift Entry Modality, 2015–2024
Figure 13: North America Wheelchair Accessible Vehicle Converters Market Size Y-o-Y Growth Projections, by Lift Entry Modality, 2016–2024
Figure 14: North America Wheelchair Accessible Vehicle Converters Market Size (US$ Mn) Forecast, by Ramp Entry Modality, 2015–2024
Figure 15: North America Wheelchair Accessible Vehicle Converters Market Size Y-o-Y Growth Projections, by Ramp Entry Modality, 2016–2024
Figure 16: North America Wheelchair Accessible Vehicle Converters Market Size (US$ Mn) Forecast, by Transfer Seat Entry Modality, 2015–2024
Figure 17: North America Wheelchair Accessible Vehicle Converters Market Size Y-o-Y Growth Projections, by Transfer Seat Entry Modality, 2016–2024
Figure 18: North America Market Attractiveness Analysis, by Entry Modality
Figure 19: North America Wheelchair Accessible Vehicle Converters Market Value Share Analysis, by Country, 2016 and 2024
Figure 20: U.S. Wheelchair Accessible Vehicle Converters Market Size (US$ Mn) Forecast, 2015–2024
Figure 21: U.S. Wheelchair Accessible Vehicle Converters Market Size Y-o-Y Growth Projections, 2016–2024
Figure 22: Canada Wheelchair Accessible Vehicle Converters Market Size (US$ Mn) Forecast, 2015–2024
Figure 23: Canada Wheelchair Accessible Vehicle Converters Market Size Y-o-Y Growth Projections, 2016–2024
Figure 24: North America Market Attractiveness Analysis, by Country
Figure 25: U.S. Wheelchair Accessible Vehicle Converters Market Value Share Analysis, by Vehicle Type, 2016 and 2024
Figure 26: U.S. Wheelchair Accessible Vehicle Converters Market Size (US$ Mn) Forecast, by Full Size Vehicle, 2015–2024
Figure 27: U.S. Wheelchair Accessible Vehicle Converters Market Size Y-o-Y Growth Projections, by Full Size Vehicle, 2016–2024
Figure 28: U.S. Wheelchair Accessible Vehicle Converters Market Size (US$ Mn) Forecast, by Medium Size Vehicle, 2015–2024
Figure 29: U.S. Wheelchair Accessible Vehicle Converters Market Size Y-o-Y Growth Projections, by Medium Size Vehicle, 2016–2024
Figure 30: U.S. Wheelchair Accessible Vehicle Converters Market Size (US$ Mn) Forecast, by Small Size Vehicle, 2015–2024
Figure 31: U.S. Wheelchair Accessible Vehicle Converters Market Size Y-o-Y Growth Projections, by Small Size Vehicle, 2016–2024
Figure 32: U.S. Market Attractiveness Analysis, by Vehicle Type
Figure 33: U.S. Wheelchair Accessible Vehicle Converters Market Value Share Analysis, by Entry Modality, 2016 and 2024
Figure 34: U.S. Wheelchair Accessible Vehicle Converters Market Size (US$ Mn) Forecast, by Lift Entry Modality, 2015–2024
Figure 35: U.S. Wheelchair Accessible Vehicle Converters Market Size Y-o-Y Growth Projections, by Lift Entry Modality, 2016–2024
Figure 36: U.S. Wheelchair Accessible Vehicle Converters Market Size (US$ Mn) Forecast, by Ramp Entry Modality, 2015–2024
Figure 37: U.S. Wheelchair Accessible Vehicle Converters Market Size Y-o-Y Growth Projections, by Ramp Entry Modality, 2016–2024
Figure 38: U.S. Wheelchair Accessible Vehicle Converters Market Size (US$ Mn) Forecast, by Transfer Seat Entry Modality, 2015–2024
Figure 39: U.S. Wheelchair Accessible Vehicle Converters Market Size Y-o-Y Growth Projections, by Transfer Seat Entry Modality, 2016–2024
Figure 40: U.S. Market Attractiveness Analysis, by Entry Modality
Figure 41: Canada Wheelchair Accessible Vehicle Converters Market Value Share Analysis, by Vehicle Type, 2016 and 2024
Figure 42: Canada Wheelchair Accessible Vehicle Converters Market Size (US$ Mn) Forecast, by Full Size Vehicle, 2015–2024
Figure 43: Canada Wheelchair Accessible Vehicle Converters Market Size Y-o-Y Growth Projections, by Full Size Vehicle, 2016–2024
Figure 44: Canada Wheelchair Accessible Vehicle Converters Market Size (US$ Mn) Forecast, by Medium Size Vehicle, 2015–2024
Figure 45: Canada Wheelchair Accessible Vehicle Converters Market Size Y-o-Y Growth Projections, by Medium Size Vehicle, 2016–2024
Figure 46: Canada Wheelchair Accessible Vehicle Converters Market Size (US$ Mn) Forecast, by Small Size Vehicle, 2015–2024
Figure 47: Canada Wheelchair Accessible Vehicle Converters Market Size Y-o-Y Growth Projections, by Small Size Vehicle, 2016–2024
Figure 48: Canada Market Attractiveness Analysis, by Vehicle Type
Figure 49: Canada Wheelchair Accessible Vehicle Converters Market Value Share Analysis, by Entry Modality, 2016 and 2024
Figure 50: Canada Wheelchair Accessible Vehicle Converters Market Size (US$ Mn) Forecast, by Lift Entry Modality, 2015–2024
Figure 51: Canada Wheelchair Accessible Vehicle Converters Market Size Y-o-Y Growth Projections, by Lift Entry Modality, 2016–2024
Figure 52: Canada Wheelchair Accessible Vehicle Converters Market Size (US$ Mn) Forecast, by Ramp Entry Modality, 2015–2024
Figure 53: Canada Wheelchair Accessible Vehicle Converters Market Size Y-o-Y Growth Projections, by Ramp Entry Modality, 2016–2024
Figure 54: Canada Wheelchair Accessible Vehicle Converters Market Size (US$ Mn) Forecast, by Transfer Seat Entry Modality, 2015–2024
Figure 55: Canada Wheelchair Accessible Vehicle Converters Market Size Y-o-Y Growth Projections, by Transfer Seat Entry Modality, 2016–2024
Figure 56: Canada Market Attractiveness Analysis, by Entry Modality
Figure 57: North America Wheelchair Accessible Vehicle Converters Company Share Analysis (2015)

 

List of Tables

Table 01: North America Wheelchair Accessible Vehicle Converters Market Size (US$ Mn) Forecast, by Vehicle Type, 2015–2024
Table 02: North America Wheelchair Accessible Vehicle Converters Market Volume (Units) Forecast, by Vehicle Type, 2015–2024
Table 03: North America Wheelchair Accessible Vehicle Converters Market Size (US$ Mn) Forecast, by Entry Modality, 2015–2024
Table 04: North America Wheelchair Accessible Vehicle Converters Market Volume (Units) Forecast, by Entry Modality, 2015–2024
Table 05: U.S. Wheelchair Accessible Vehicle Converters Market Size (US$ Mn) Forecast, by Vehicle Type, 2015–2024
Table 06: U.S. Wheelchair Accessible Vehicle Converters Market Volume (Units) Forecast, by Vehicle Type, 2015–2024
Table 07: U.S. Wheelchair Accessible Vehicle Converters Market Size (US$ Mn) Forecast, by Entry Modality, 2015–2024
Table 08: U.S. Wheelchair Accessible Vehicle Converters Market Volume (Units) Forecast, by Entry Modality, 2015–2024
Table 09: Canada Wheelchair Accessible Vehicle Converters Market Size (US$ Mn) Forecast, by Vehicle Type, 2015–2024
Table 10: Canada Wheelchair Accessible Vehicle Converters Market Volume (Units) Forecast, by Vehicle Type, 2015–2024
Table 11: Canada Wheelchair Accessible Vehicle Converters Market Size (US$ Mn) Forecast, by Entry Modality, 2015–2024
Table 12: Canada Wheelchair Accessible Vehicle Converters Market Volume (Units) Forecast, by Entry Modality, 2015–2024

North America Wheelchair Accessible Vehicle Converters Market: Scope and Methodology

This report on the North America wheelchair accessible vehicle converters market. The report comprises an elaborate executive summary, including a market snapshot that provides overall information of various segments

The research is a combination of primary and secondary research. Primary research formed the bulk of our research efforts along with information collected from telephonic interviews and interactions via e-mails. Secondary research involved study of company websites, annual reports, press releases, stock analysis presentations, and various international and national databases. The report provides market size in terms of US$ Mn for each segment for the period from 2015 to 2024, considering the macro and micro environmental factors. Growth rates for each segment within the North America wheelchair accessible vehicle converters market have been determined after a thorough analysis of past trends, demographics, future trends, technological developments, and regulatory requirements.

A detailed qualitative analysis of factors responsible for driving and restraining market growth and future opportunities has been provided in the market overview section. This section of the report also includes market attractiveness analysis that provides a thorough analysis of the overall competitive scenario in the North America wheelchair accessible vehicle converters market.

Market revenue in terms of US$ Mn for the period between 2014 and 2024 along with the compound annual growth rate (CAGR %) from 2016 to 2024 are provided for all the segments, considering 2015 as the base year. Market size estimations involved in-depth study of product features. Additionally, market related factors such as increasing preference for technologically advanced vehicles, product innovation, and increasing prevalence of disability in North America and historical year-on-year growth have been taken into consideration while estimating the market size.

North America Wheelchair Accessible Vehicle Converters Market: Segmentation

Based on the vehicle type, the North America wheelchair accessible vehicle converters market is segmented into full size vehicle, medium size vehicle and small size vehicle. The market has been further studied on the basis of entry modality. By entry modality the market is segmented into lift entry modality, ramp entry modality and transfer seat entry modality

Geographically the North America wheelchair accessible vehicle converters market is segmented into U.S. and Canada

North America Wheelchair Accessible Vehicle Converters Market: Competitive Dynamics

The report also profiles major players in the North America wheelchair accessible vehicle converters market based on various attributes such as company overview, financial overview, SWOT analysis, key business strategies, product portfolio, and recent developments. Key companies profiled in the report include Toyota Motor Sales, U.S.A., Inc., BraunAbility, Freedom Motors USA, Vantage Mobility International and Mobility Ventures LLC   

The North America wheelchair accessible vehicles converters market has been segmented as follows

North America Wheelchair Accessible Vehicle Converters Market, by Vehicle Type

  • Full Size Vehicle
  • Medium Size Vehicle
  • Small Size Vehicle

North America Wheelchair Accessible Vehicle Converters Market, by Entry Modality

  • Lift
  • Ramp
  • Transfer Seat

North America Wheelchair Accessible Vehicle Converters Market, by Country

  • U.S.
  • Canada


 
 
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