Medical tourism continues to influence the adoption of wheelchair accessible vehicles coupled with financial assistance from federal governments. Furthermore, demand for wheelchair accessible vehicles has also been impacted with growing road accidents worldwide. According to World Health Organization (WHO) analysis, road accidents are one of the leading causes of mortalities and disabilities. The wheelchair accessible vehicle market has also been influenced by new design features and developments incorporated by manufacturers in order to diversify their product offerings.
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Furthermore, while medical transportation has given significant traction to adoption of wheelchair accessible vehicles, the wheelchair accessible vehicle market is also fueled with increasing demand for wheelchair accessible vehicles for personal use that largely includes transportation of disabled or aged people. Albeit a steady growth, the wheelchair accessible vehicle market is consolidated given a handful of wheelchair accessible vehicles manufacturers that is likely to impact the demand and supply scenario worldwide.
Understanding key aspects of the wheelchair accessible vehicle market, Fact.MR has come up with a new research report that comprehensively describes vital factors influencing growth, both in a negative and in a positive manner. According to the research report on wheelchair accessible vehicle market, it is projected to expand at a steady CAGR of 5.4% throughout the period of assessment with respect to value, 2018-2028. The report also reveals that sales of wheelchair accessible vehicles continue to remain concentrated in developed countries of North America and Europe. That said, North America is expected to reflect a higher market attractiveness with respect to adoption of wheelchair accessible vehicles during the assessment period.
Wheelchair Accessible Vehicle Market: Small Yet Big
Wheelchair accessible vehicles come in varying sizes from small cars to full sized vans. Of these, the small wheelchair accessible vehicles have gained higher traction since the past couple of years, given their various benefits revolving around pricing, running costs and maneuverability.
Browse Full Report at: https://www.factmr.com/report/912/wheelchair-accessible-vehicle-market
As compared to full sized wheelchair accessible vehicles, small counterparts are fairly priced offering similar operational efficiency and convenience. Moreover, small wheelchair accessible vehicles are economical in terms of fuel consumption and overall running costs and are also easy to maneuver owing to less space requirement. Furthermore, adoption of small wheelchair accessible vehicles such as small minivans and passenger cars are gaining increasing traction for personal use as well as in medical transportation. These aspects have boosted the growth in adoption of small size wheelchair accessible vehicles, in turn driving sales of small size equivalents during the period of assessment.
Wheelchair Accessible Vehicle Market: Rental Services to Shape Demand
High cost of production and price intensive nature of wheelchair accessible vehicles continue to be a growth limiting aspect of the market worldwide. That said, the trend of “on-rent” wheelchair accessible vehicles has prevailed as a new growth propeller, embossing a positive impact on its market across various countries in the globe. Various dealers operating in wheelchair accessible vehicle market have started renting wheelchair accessible vehicles with additional features such as secure wheelchair tie downs, powered ramp as a safety backup and high fuel capacity to reduce stoppages. Affordable and easy trend of wheelchair accessible vehicles renting services has increased the convenient quotient for medical facilities in case of emergencies as well as general public, consequently shaping the demand for wheelchair accessible vehicles worldwide.
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Wheelchair Accessible Vehicle Market: Lucrativeness of North America to Yield Super Growth
According to United States Census Bureau, around 20 percent of people in the US (about 2.35 million) are suffering from disabilities. This has translated into increasing adoption of wheelchair accessible vehicles in the region, with a large concentration in United States, given its favorable transportation infrastructure. Moreover, increased government support coupled with presence of large players in the country have facilitated growth in demand and adoption of wheelchair accessible vehicles, making North America a lucrative market with respect to sales volume of wheelchair accessible vehicles during the period of forecast.
About Us
We are an insights-driven global market intelligence company with a unique purpose: enabling organizations make better decisions. We do this by creating an ecosystem where an eclectic cognitive collaboration between human imagination and data science leads to path breaking ideas.
Our vision is to foster a pervasive culture where critical business decisions are taken on the basis of facts rather than assumptions and perceptions.
Our mission is empowerment – empowerment of free-thought; empowerment of fact-based decisions; empowerment of decisive action.
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Furthermore, while medical transportation has given significant traction to adoption of wheelchair accessible vehicles, the wheelchair accessible vehicle market is also fueled with increasing demand for wheelchair accessible vehicles for personal use that largely includes transportation of disabled or aged people. Albeit a steady growth, the wheelchair accessible vehicle market is consolidated given a handful of wheelchair accessible vehicles manufacturers that is likely to impact the demand and supply scenario worldwide.
Understanding key aspects of the wheelchair accessible vehicle market, Fact.MR has come up with a new research report that comprehensively describes vital factors influencing growth, both in a negative and in a positive manner. According to the research report on wheelchair accessible vehicle market, it is projected to expand at a steady CAGR of 5.4% throughout the period of assessment with respect to value, 2018-2028. The report also reveals that sales of wheelchair accessible vehicles continue to remain concentrated in developed countries of North America and Europe. That said, North America is expected to reflect a higher market attractiveness with respect to adoption of wheelchair accessible vehicles during the assessment period.
Wheelchair Accessible Vehicle Market: Small Yet Big
Wheelchair accessible vehicles come in varying sizes from small cars to full sized vans. Of these, the small wheelchair accessible vehicles have gained higher traction since the past couple of years, given their various benefits revolving around pricing, running costs and maneuverability.
Browse Full Report at: https://www.factmr.com/report/912/wheelchair-accessible-vehicle-market
As compared to full sized wheelchair accessible vehicles, small counterparts are fairly priced offering similar operational efficiency and convenience. Moreover, small wheelchair accessible vehicles are economical in terms of fuel consumption and overall running costs and are also easy to maneuver owing to less space requirement. Furthermore, adoption of small wheelchair accessible vehicles such as small minivans and passenger cars are gaining increasing traction for personal use as well as in medical transportation. These aspects have boosted the growth in adoption of small size wheelchair accessible vehicles, in turn driving sales of small size equivalents during the period of assessment.
Wheelchair Accessible Vehicle Market: Rental Services to Shape Demand
High cost of production and price intensive nature of wheelchair accessible vehicles continue to be a growth limiting aspect of the market worldwide. That said, the trend of “on-rent” wheelchair accessible vehicles has prevailed as a new growth propeller, embossing a positive impact on its market across various countries in the globe. Various dealers operating in wheelchair accessible vehicle market have started renting wheelchair accessible vehicles with additional features such as secure wheelchair tie downs, powered ramp as a safety backup and high fuel capacity to reduce stoppages. Affordable and easy trend of wheelchair accessible vehicles renting services has increased the convenient quotient for medical facilities in case of emergencies as well as general public, consequently shaping the demand for wheelchair accessible vehicles worldwide.
Request for the Customization of the report: https://www.factmr.com/connectus/sample?flag=RC&rep_id=912
Wheelchair Accessible Vehicle Market: Lucrativeness of North America to Yield Super Growth
According to United States Census Bureau, around 20 percent of people in the US (about 2.35 million) are suffering from disabilities. This has translated into increasing adoption of wheelchair accessible vehicles in the region, with a large concentration in United States, given its favorable transportation infrastructure. Moreover, increased government support coupled with presence of large players in the country have facilitated growth in demand and adoption of wheelchair accessible vehicles, making North America a lucrative market with respect to sales volume of wheelchair accessible vehicles during the period of forecast.
About Us
We are an insights-driven global market intelligence company with a unique purpose: enabling organizations make better decisions. We do this by creating an ecosystem where an eclectic cognitive collaboration between human imagination and data science leads to path breaking ideas.
Our vision is to foster a pervasive culture where critical business decisions are taken on the basis of facts rather than assumptions and perceptions.
Our mission is empowerment – empowerment of free-thought; empowerment of fact-based decisions; empowerment of decisive action.
For More Information Kindly Contact:
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Tel: +353-1-4434-232
Mail: sales@factmr.com
Read Blog: https://theheraldmedia.com/
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