40,000+ WHEELCHAIR-ACCESSIBLE/PARATRANSIT VEHICLES FABRICATED IN NORTH AMERICA IN 2018
40,000 vans and buses converted/upfitted into wheelchair-accessible vehicles for a combined annual value of over $2 billion
Modesto, Calif., March 11, 2019 — A market research report by SpecialtyResearch.net examines the business of conversion/upfit of vans and fabrication of cutaway buses into wheelchair-accessible and ambulatory vehicles for personal and commercial use in North America in 2018.
The report, titled Wheelchair-Accessible Mobility Vehicles in North America, examines three segments that are converted into wheelchair-accessible vehicles—minivans, Euro-style ready vans, and buses on cutaway chassis.
Sixty-two companies converted/upfitted more than 40,000 vans and cutaway buses into wheelchair-accessible vehicles, for a combined annual value of over $2 billion in 2018. Though a fragmented business with several regional converters/upfitters, over 75% of the conversion/upfitting is done by the ten leading players. The report provides a comprehensive competitive analysis of all identified participants, with market shares in units and dollars. All data is available in MS Excel format.
Demand for wheelchair-accessible vehicles is projected to grow at a CAGR of over 5% through 2023, driven by an aging population and increasing use of wheelchair-accessible Euro-style ready compact vans in the private commercial segment, especially as taxi cabs.
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