Wheelchair Vehicles Market to Hit $27.7B by 2030, 4.1% CAGR

Wheelchair Vehicles Market to Hit $27.7B by 2030, 4.1 Percent CAGR

The wheelchair accessible vehicles market was valued at USD 20.9 billion in 2023 and is expected to grow at a CAGR of 4.1%, reaching USD 27.7 billion by 2030. The increasing demand for rear-entry wheelchair accessible vehicles among consumers is a key factor driving the market’s growth.

Top IntentTech News: Agri-Biologicals Market to Hit $25.2B by 2030, 9.4 Percent CAGR

The rear entry wheelchair accessible vehicles are favored by the consumer as it offers several advantages for wheelchair users and caregivers alike. Firstly, it provides easier parking opportunities, as the ramp located at the back of the vehicle does not require extra space on the side for entry and exit, allowing for more flexibility in finding accessible parking spots.

These vehicles are particularly suitable for caregivers and wheelchair passengers, as the design allows for secure positioning of the front seats, eliminating the need for adjustments. Additionally, rear-entry vehicles are cost-effective as they require fewer modifications compared to side-entry conversions. The increasing acceptance of rear entry WAVs by consumers, is projected to drive the market growth over the forecast period.

Wheelchair Accessible Vehicles Market

Lift mechanisms installed inside the wheelchair accessible vehicles, eliminate the need for lifting and can accommodate various vehicle types. Some even allow users to remain seated in their mobility devices during loading. However, they consume vehicle or trunk space and also require modifications. Outside lifts, attached to the vehicle’s hitch, offer independence in loading and unloading, with minimal vehicle modifications needed.

The companies operating in wheelchair accessible vehicles market provide lift option for the disabled. For instance, in July 2023, United Access added the Winnebago Roam accessible recreational vehicle (RV) to its rental fleet, providing unparalleled opportunities for accessible recreation and exploration. The BraunAbility remote-controlled wheelchair lift provides easy access to the interior of the vehicle. The Q’Straint wheelchair ties down the driver and passenger swivel cab seats to offer secure mobility and safe transportation to the dependable.

Wheelchair accessible vehicles can be passenger vehicles or commercial vehicles, but it has been observed that market players are prioritizing the manufacturing of commercial vehicle due to the easy conversion rate with high cost benefit. For instance, in March 2024, Driverge Vehicle Innovations announced that it has purchased the Canadian wheelchair van conversion manufacturing company Savaria Corporation owned, Van-Action (2005) Inc. and Freedom Motors Inc. Through this acquisition, Driverge’s presence is increased by two new production facilities in Canada. The integration of the activities of Freedom Motors Inc. and Van-Action Inc. is consistent with Driverge’s long-term growth plan and commitment to provide cutting-edge vehicle solutions to a wide range of clients.

Wheelchair accessible vehicles on public transportation facilitate autonomous mobility for people with impairments in US. Wheelchairs may be accommodated in these cars using ramps or lifts, guaranteeing that everyone has equal access to transportation. In order to help passengers with impairments enter and depart the vehicle safely, qualified drivers are also on hand. Players are working together to introduce cutting-edge technologies that can be utilized for public transportation as the market for personal cars does not carry as many people as public transportation.

For instance, In September 2022, May Mobility and Via launched the first public transit project using American Disability Act (ADA) compliant AVs in rural America. The company’s goal for the Grand Rapids, Minnesota project is to demonstrate that AVs reach their greatest societal impact when used for public transportation. The deployment will allow anyone to book a free, on-demand, shared ride from an AV. Additionally, the project will promote the use of AVs on rural terrain and in a variety of weather conditions, including occasionally severe ones.

Major players are Adaptive Mobility Systems, Assisted Transportation Systems, ATC Innovative Mobility, Automotive Group, BraunAbility, Brotherwood Automobility, Diamond Coach, and Rollx Vans, among others are focusing on bringing innovative solutions and technology for the consumers, and to their families.

TRENDING REPORTS

About  Intent Market Research™

Intent Market Research (IMR) is a market research firm dedicated to providing unique, data-driven insights that support sustainable and inclusive business growth. We specialize in comprehensive market research reports and consulting services across diverse industries including chemicals, healthcare, automotive, energy, packaging, and semiconductor & electronics.

Our approach centers on delivering transformative market intelligence through syndicated reports, custom research, and strategic consulting services. We work closely with clients to develop tailored solutions that address unique business challenges, offering quantifiable market insights and forward-looking strategies. Our team of expert analysts and consultants combines cutting-edge competencies with a robust research methodology to help businesses explore new markets, develop innovative products, and uncover growth opportunities.

At IMR, we are committed to ethical standards and compliance, conducting research with transparency and integrity. We prioritize data privacy, maintain strict confidentiality, and adhere to industry regulations. Our goal is to empower businesses with comprehensive, fact-based insights that drive sustainable advantages and meaningful organizational change.

To find out more, visit Intent Market Research™ or follow us on LinkedIn

Contact:
Mr. Jay Kumar
Intent Market Research

1846 E Innovation Park DR Site
100 ORO Valley
AZ 85755

USA: +1 463-583-2713
Email: sales@intentmarketsearch.com

Top IntentTech News: Biodegradable Plastics Market to Hit $25.5B by 2030, 21.4 Percent CAGR

To participate in our interviews, please write to our IntentTech Media Room at news@intentamplify.com

Share With

Contact Us

Recent Posts

Become a Client

Or give us a call

1 (845) 347-8894
+91 77760 92666
By clicking the "Submit" button, you are agreeing to the Intent Technology Publication Privacy Policy.