Albany, NY -- (SBWIRE) -- 03/16/2017 -- 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: 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$1.9 bn by 2024. If these values hold true, the market is projected to expand at a CAGR of 11.1% during the forecast period.
North America Wheelchair Accessible Vehicle Converters Market: Competitive Dynamics
The report also profiles major players in the North America wheelchair accessible vehicle converters market based on various attributes such as company overview, financial overview, SWOT analysis, key business strategies, product portfolio, and recent developments. Key companies profiled in the report include Toyota Motor Sales, U.S.A., Inc., BraunAbility, Freedom Motors USA, Vantage Mobility International and Mobility Ventures LLC
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North America Wheelchair Accessible Vehicle Converters Market: Scope and Methodology
This report on the North America wheelchair accessible vehicle converters market. The report comprises an elaborate executive summary, including a market snapshot that provides overall information of various segments
The research is a combination of primary and secondary research. Primary research formed the bulk of our research efforts along with information collected from telephonic interviews and interactions via e-mails. Secondary research involved study of company websites, annual reports, press releases, stock analysis presentations, and various international and national databases. The report provides market size in terms of US$ 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.
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
North America Wheelchair Accessible Vehicle Converters Market, by Country
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