Global Vehicle for Disabled Market - Introduction

Vehicles for disabled are automotive designed and manufactured for disabled people who generally find it difficult to drive conventional vehicles owing to their non-compatible designs and systems. Existing and innovative adaptive technologies continue to provide opportunity for disabled people to drive vehicles safely and comfortably. Vehicles for disabled are customized vehicles equipped with specific features in order to cater to the requirements of people with disability.

Global Vehicle for Disabled Market - Competition Landscape

  • In 2018, Vantage Mobility International launched its ‘VMI Honda Pilot Northstar E’ accessible SUV in conjunction with its innovative manual in-floor ramp. The vehicle sets a benchmark for generous wheelchair space, more flexibility during front seat removal, and maneuverability.

Toyota Motor Corporation

Founded in 1937, Toyota Motor Corporation is currently based in Aichi Prefecture, Japan. Toyota Motor Corporation is a prominent automobile company that engages in the design, development, manufacture, assembly, sale, and supply of automotive and automotive accessories worldwide. The company invested over US$ 9.35 billion in research and development in 2017-2018. Toyota Motor Corporation also owns the brand Lexus, a premium segment of vehicles.

To Understand How Our Report Can Bring Difference to Your Business Strategy, Ask for A Brochure

BraunAbility

Established in 1963, BraunAbility is presently based in Winamac, Indiana, U.S. The company is a leading manufacturer of wheelchair accessible vehicles and wheelchair lifts for vehicles. It has 1200 employees and caters to customers in over 70 countries across the globe. The company’s products are installed into any kind of vehicle, ranging from public transportation to personal family vehicle. In 2018, the company acquired Europe-based mobility manufacturer, Autoadapt AB, along with its subsidiaries, Unwin and Martech.

MobilityWorks

Founded in 1997, MobilityWorks is presently headquartered in Richfield, Ohio, U.S. MobilityWorks is a leading provider of wheelchair accessible vans with lifts and commercial fleet vehicles that cater to the community of disabled people. The company has more than 80 consumer showrooms located in 24 states and emphasizes on a face-to-face consulting approach with no charges on consultancy.

Global Vehicle for Disabled Market Dynamics

Demand for enhanced mobility for geriatric and disabled people drives demand for vehicle for disabled

The automotive industry is witnessing rapid technological progress and increasing innovation in vehicles in order to cater to the geriatric population and people with disability. Rising trend to boost mobility for people with disability in order to offer comfortable and safer mode of mobility has led to the introduction of vehicle for disabled. Advent of the vehicle for disabled has made driving a more independent, comfortable, and safer experience for disabled and geriatric people. Moreover, in countries such as the U.S. and Japan, where the geriatric population is a rapidly increasing population segment, the adoption of vehicle for disabled is likely to rise, thereby offering enhanced mobility for geriatric people. This is a major factor that is anticipated to boost the demand for vehicle for disabled in the near future.

Increase in application of vehicle for disabled in developed countries

Vehicles for disabled are considerably expensive, which hampers their adoption in developing and under-developed countries. However, developed countries where the geriatric population is increasing witnessed a significant rise in adoption of these vehicles, owing to the high purchasing capacity, high standard of living, high vehicle driving population, and demand for safer and pleasant drive in these countries. Majority of vehicles for disabled have been witnessed in developed regions and countries such as U.S., Europe, and Japan. Moreover, vehicles for disabled provide a user-friendly option to people with disability. This is anticipated to augment the demand for vehicle for disabled in the near future.

Stuck in A Neck-to-Neck Competition with Other Brands? Request a Custom Report on Vehicle for Disabled Market

Global Vehicle for Disabled Market - Segmentation

Based on manufacturer, the global vehicle for disabled market can be split into

  • OEM
  • Third-part Customization

Based on vehicle type, the global vehicle for disabled market can be divided into

  • Cars
  • Utility Vehicle
  • Pick-up Truck
  • Others

Based on propulsion, the global vehicle for disabled market can be classified into

  • ICE Vehicle
  • Hybrid Vehicle
  • Electric Vehicle

Based on entry type, the global vehicle for disabled market can be bifurcated into

  • Side Entry
  • Rear Entry

Based on entry mechanism, the global vehicle for disabled market can be segregated into

  • Ramp
  • Lift

The report on the global vehicle for disabled market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The global vehicle for disabled market report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The global vehicle for disabled market report also maps the qualitative impact of various market factors on market segments and geographies.

Regional analysis of the global vehicle for disabled market includes:

  • North America
  • Latin America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Vehicle For Disabled Market

Pre Book