ID: MRFR/AM/6665-HCR | February 2021 | Region: Bric | 100 pages
Emergency ambulance vehicle market is estimated to witness 4.5% CAGR during the forecast period, 2020–2027.
Emergency ambulance vehicle, also known as ambulance across the world, is used to provide care to patients with an injury or acute illness. These vehicles can be vans, cars, motorcycles, golf carts, and special vehicles. Moreover, these vehicles are used to provide emergency care and patient transfer services.
Increase in government spending and initiatives for the use of emergency ambulances, across developing countries are the main driver for the growth of the global emergency ambulance vehicle market. Moreover, the stringent government regulations for the adoption of fully-equipped ambulances and their availability for 24-hours use in end-use industries, around the world, is also expected to drive the growth of the global market for emergency ambulance vehicles. The emergency ambulance vehicles involve two kinds of manufacturers pre-manufacturers and post-manufacturers. The post-manufacturers usually customize normal light or medium trucks or full-size vans by incorporating necessary bodywork, emergency vehicle equipment, and interior fittings. This customization enhances its performance capability and increases the demand for emergency ambulance vehicles in the global market during the forecast period. The increase in demand for customization in emergency ambulance vehicles for incorporating advanced functionalities is expected to create a growth opportunity in the global emergency ambulance vehicle market. Increase in the adoption of motorcycles as an emergency ambulance vehicle in the global market is expected to create new investment opportunities in the market. Additionally, Honda Motor Company, BMW AG, and Yamaha Motorcycles are the leading companies associated with manufacturing motorcycle emergency ambulance vehicles. However, limited awareness regarding spending power and adoption rate regarding the ambulance services are expected to hamper the growth of the global market during the forecast period.
The Prominent Players in the global emergency ambulance vehicle market are REV Group, Ford Motor Company, MAN, Daimler AG, Groupe Renault, Life Line Emergency Vehicles, W.A.S. Ambulance, Toyota Motor Corporation, Leader Ambulance, and BAUS AT.
Segmentation: Global Emergency Ambulance Vehicle Market
The global emergency ambulance vehicle market is segmented based on vehicle type, application, and region. On the basis of vehicle type, the global market has been segmented into vans, cars, motorcycles, and others. The vans type segment is expected to dominate the global market in terms of value and volume during the forecast period. On the basis of application, the global market has been segmented into hospitals, emergency centers, and others. The hospitals segment is expected to dominate the global market in terms of both value and volume during the forecast period.
Geographically, the global emergency ambulance vehicle market has been segmented into four regions, namely, North America, Europe, Asia-Pacific, and the rest of the world. North America is expected to hold a prominent market share during the forecast period owing to the direct involvement of the local and statement for the use of emergency ambulances across the region. This is expected to further increase the market share of the region in the market. On the other hand, Europe is expected to witness substantial growth owing to stringent government standards for emergency ambulance vehicle per hospitals.
The report for global emergency ambulance vehicle market of Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historic and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
|Market Size||2027: Significant Value|
|CAGR||4.5% CAGR (2020-2027)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Vehicle Type and Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||REV Group, Ford Motor Company, MAN, Daimler AG, Groupe Renault, Life Line Emergency Vehicles, W.A.S. Ambulance, Toyota Motor Corporation, Leader Ambulance, and BAUS AT|
|Key Market Opportunities||To witness substantial growth owing to stringent government standards|
|Key Market Drivers||The increase in demand for customization in emergency ambulance vehicles|
Frequently Asked Questions (FAQ) :
The market growth rate in the near future can be 4.5%.
The market can note exponential growth over the next few years, given the steady expansion of the global automotive industry.
The significant companies in the EAV market are MAN, BAUS AT, REV Group, Toyota Motor Corporation, Leader Ambulance, Groupe Renault, Life Line Emergency Vehicles, Ford Motor Company, Daimler AG, W.A.S. Ambulance, to mention a few.
Low awareness with regard to the spending power as well as the adoption rate of the ambulance services are some of the factors that are believed to be slowing down the market growth.
Mounting demand for customization in emergency ambulance vehicles to incorporate the latest functionalities can give rise to a growth opportunity in the market for emergency ambulance vehicle.