Rockville, MD -- (SBWIRE) -- 01/24/2019 -- 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.

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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.

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.

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.

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Table of Contents Covered in this report are:

1. Global Wheelchair Accessible Vehicle Market – Executive Summary

2. Global Wheelchair Accessible Vehicle Market Outlook Overview
2.1. Introduction
2.2. Market Definition
2.3. Scope of Report
2.4. Mega Trends

3. Market Dynamics
3.1. Key Growth Drivers
3.2. Market Challenges
3.3. Industry Trends
3.4. Wheelchair Accessible Vehicle Market Growth opportunities
3.5. Wheel of Fortune

4. Associated Industry and Key Indicator Assessment
4.1. Supply Chain
4.2. Investment Feasibility Matrix
4.3. Porter's Five Forces Analysis
4.4. PEST Analysis
4.5. Cost Structure Analysis
4.6. Forecast Scenario
4.7. Global Wheelchair Accessible Vehicle Market – Price Point Analysis
4.7.1. Price Point Assessment by Make Type, 2017

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5. Global Wheelchair Accessible Vehicle Market Analysis and Forecast by Make Type, 2013-2028
5.1. Analysis and Forecast by Revenue (US$ Mn) Comparison Make Type, 2018-2028
5.1.1. New
5.1.2. Refurbished
5.1.3. Market Attractiveness By Make Type
5.1.4. Y-o-Y growth Comparison, 2014-2028
5.2. Analysis and Forecast Revenue (US$ Mn) Comparison By Vehicle Type, 2018-2028
5.2.1. Small Size
5.2.2. Medium Size
5.2.3. Full Size
5.2.4. Market Attractiveness By Vehicle Type
5.2.5. Y-o-Y growth Comparison, 2014-2028
5.3. Analysis and Forecast by Revenue (US$ Mn) Comparison Entry Configuration, 2018-2028
5.3.1. Side Entry
5.3.2. Rear Entry
5.3.3. Market Attractiveness By Entry Configuration
5.3.4. Y-o-Y growth Comparison, 2014-2028
5.4. Analysis and Forecast US$ Mn) Comparison By End Use Application 2018-2028
5.4.1. Personal Use
5.4.2. Public Transport
5.4.3. Medical Transportation
5.4.4. Market Attractiveness By End Use Application
5.4.5. Y-o-Y growth Comparison, 2014-2028
5.5. Analysis and Forecast US$ Mn) Comparison By Entry Mechanism 2018-2028
5.5.1. Lift
5.5.2. Ramp
5.5.3. Transfer Seat
5.5.4. Market Attractiveness By Entry Mechanism
5.5.5. Y-o-Y growth Comparison, 2014-2028

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