PUBLISHER: The Business Research Company | PRODUCT CODE: 1664800
PUBLISHER: The Business Research Company | PRODUCT CODE: 1664800
Wheelchair-accessible vehicle converters specifically modify vehicles to accommodate and facilitate safe, comfortable travel for wheelchair users seated in their wheelchairs.
Key entry points for wheelchair-accessible vehicle converters typically include side entry and rear entry. Side entry enables easier access for individuals with disabilities to enter the vehicle using a wheelchair through sliding doors. Various entry mechanisms such as ramps and lifts are utilized in modifying a range of vehicles, including sport utility vehicles, trucks, and others.
The wheelchair-accessible vehicle converter market research report is one of a series of new reports from The Business Research Company that provides wheelchair-accessible vehicle converter market statistics, including wheelchair-accessible vehicle converter industry global market size, regional shares, competitors with wheelchair-accessible vehicle converter market share, detailed wheelchair accessible vehicle converter market segments, market trends, and opportunities, and any further data you may need to thrive in the wheelchair accessible vehicle converter industry. This wheelchair-accessible vehicle converter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The wheelchair accessible vehicle converter market size has grown strongly in recent years. It will grow from $8.08 billion in 2024 to $8.5 billion in 2025 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to legislation and accessibility regulations, growing aging population, increase in disability awareness, government funding and support, rise of mobility solutions providers.
The wheelchair accessible vehicle converter market size is expected to see strong growth in the next few years. It will grow to $11.04 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to collaborations with automakers, government incentives for accessibility, demand for inclusive transportation solutions, integration of sustainable practices, focus on user-friendly designs,. Major trends in the forecast period include advancements in vehicle design and technology, regulatory compliance and standards, customization and personalization, rise of electric and hybrid vehicles, integration of assistive technologies, focus on lightweight materials.
The growing elderly population is expected to drive the expansion of the wheelchair-accessible vehicle converter market in the future. The elderly population is defined as individuals aged 60 and above. These conversions provide significant benefits for elderly individuals, particularly those who experience considerable difficulty walking or climbing stairs, making their lives more comfortable. For example, in January 2024, statistics from the Population Reference Bureau (PRB), a U.S.-based nonprofit organization, indicated that the number of Americans aged 65 and older is projected to rise from 58 million in 2022 to 82 million by 2050, representing a 47% increase. Additionally, their share of the total population is expected to grow from 17% to 23%. Therefore, the increasing elderly population is driving the growth of the wheelchair-accessible vehicle converter market.
The rising prevalence of neurological diseases is expected to drive the growth of the wheelchair-accessible vehicle converter market. Neurological diseases include a wide array of conditions that impact the nervous system, leading to various physical, cognitive, and functional impairments. These diseases often cause mobility challenges, hindering individuals from moving freely. Wheelchair-accessible vehicle converters can adapt standard vehicles to accommodate wheelchairs, enabling those with neurological conditions to travel with ease and independence. For example, in December 2022, the Parkinson's Foundation, a U.S.-based nonprofit organization, reported that nearly 90,000 individuals are diagnosed with Parkinson's disease each year, a notable 50% increase from the previous estimate of 60,000. Projections indicate that the number of people living with the disease may reach 1.2 million by 2030. Therefore, the increasing burden of neurological diseases is set to propel the wheelchair-accessible vehicle converter market.
Technological advancements are emerging as a prominent trend in the wheelchair-accessible vehicle converter market, with major companies adopting new technologies to maintain their market positions. A notable example is Vantage Mobility International, a US-based manufacturer of wheelchair-accessible vehicles, which introduced the first wheelchair-accessible minivan in May 2022. This innovative vehicle features a lowering floor conversion that enhances accessibility, fuel efficiency, and all-wheel drive capabilities. The inclusion of these special features provides wheelchair users with increased opportunities for driving in various locations, offering improved traction and control, particularly in adverse weather conditions.
Key players in the wheelchair-accessible vehicle converter market are prioritizing product launches to satisfy customer demand. For example, in April 2024, BraunAbility, a U.S.-based manufacturer of wheelchair-accessible vehicle solutions, introduced the BraunAbility ADA Infloor with Simple Stow ramp. This is the only infloor wheelchair-accessible vehicle that adheres to Buy America requirements. Available on the Chrysler Voyager or Pacifica, this versatile and cost-effective mobility solution is tailored for commercial transportation, emphasizing safety, user-friendliness, and accessibility to meet the diverse needs of passengers with mobility challenges.
In December 2022, Driverge Vehicle Innovations, a US-based builder of commercial wheelchair-accessible vans, shuttles, and transporters, made a strategic move by acquiring U.S. Upfitters for an undisclosed amount. This acquisition is anticipated to strengthen Driverge's national presence by adding new sales and operation locations in Illinois, Wisconsin, Maryland, and Colorado, supplementing its existing facilities in Ohio, Kansas, South Carolina, and California. Beyond geographical expansion, the acquisition broadens Driverge's product line to include commercial truck, SUV, sedan, and fleet vehicle conversions. U.S. Upfitters, a US-based business specializing in converting commercial vehicles into work-ready configurations, including wheelchair-accessible vehicles, contributes valuable expertise to Driverge's portfolio.
Major companies operating in the wheelchair accessible vehicle converter market include Freedom Motors USA LLC, Brotherhood Automobility Limited, Vantage Mobility International, Rollx Vans LLC, AMS Vans Inc., Growings Mobility Group Limited, General Motors Company, Sirius Automotive Ltd., Tripod Mobility, Autech Japan Inc., Allied Mobility, BraunAbility Inc., Toyota Motor Corporation, Ricon Incorporated, Independent Mobility Solutions LLC, Nor Cal Vans LLC, Kirchhoff Mobility, ATConversions, Advanced Mobility, North American Mobility Solutions, Sidewinder Conversions & Mobility Ltd., Taxi & Bus Conversion Ltd., Parfit Limited, Mobility Ventures LLC, Ford Motor Company
North America was the largest region in the wheelchair accessible vehicle converter market in 2024. The regions covered in the wheelchair accessible vehicle converter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the wheelchair accessible vehicle converter market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The wheelchair-accessible vehicle converter market consists of sales of electric mobility vehicles, minivan-accessible wheelchair vehicles, SUV-accessible wheelchair vehicles, and compact car-accessible wheelchair vehicles. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Wheelchair Accessible Vehicle Converter Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on wheelchair accessible vehicle converter market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for wheelchair accessible vehicle converter ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The wheelchair accessible vehicle converter market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.