Wheelchair Accessible Vehicles Market to reach USD 27.7 billion in 2030, at a CAGR of 4.1% | IMR

The wheelchair accessible vehicles market was at USD 20.9 billion in 2023-e, and is projected to grow at a CAGR of 4.1% through 2030 to reach USD 27.7 billion. Rising Demand of Rear Entry Wheelchair Accessible Vehicles by Consumer is Driving Growth of Wheelchair Accessible Vehicles Market

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.

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.