June 18, 2019 by Steve Blade
The wheelchair accessible vehicle market study provides coherent market intelligence on the key revenue growth industry
For More Details - A sample of this report is available upon request here -
Fact.MR has compiled several intrinsic aspects associated with wheelchair accessible vehicle in a new intelligence report and has provided future projections of wheelchair accessible vehicle market along with growth prospects across various regions during the assessment period, 2018-2028. According to the intelligence report, the wheelchair accessible vehicle market is projected to expand at a steady pace and its growing demand is expected to translate into sales crossing US$ 6 billion by end of the period of assessment (2028).
With growing penetration of shared rise services, leading companies are aimed at diversifying their services, to cater to unmet needs of mobility challenged population. In this light, popular ridesharing services, Uber has lately unrolled its specialized services for differently abled, under its brands, UberAccess and UberAssist. Developments as such are expected to bolster long term growth in wheelchair accessible vehicle market.
Wheelchair Accessible Vehicle Market: Consolidation and Cost – A Major Challenge
Consolidated wheelchair accessible vehicle market is expected to face a huge challenge with respect to supply and demand scenario, as the overall market represents only a handful of wheelchair accessible vehicles manufacturers. Wheelchair accessible vehicles manufacturing involves various stages along with involvement of trained personnel. That said, the cost of production of wheelchair accessible vehicles is relatively higher than standard vehicles, making them price intensive. This is expected to pose challenges with respect to adoption of wheelchair accessible vehicles, in turn restraining the growth of the wheelchair accessible vehicle market.
Browse Full Report with ToC Here:
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.
Have Any Query?? Ask Our Industry Expert
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
11140 Rockville Pike
Rockville, MD 20852