Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Emergency Ambulance Vehicle Market Research Report Information By Vehicle Type (Vans, Cards, Motorcycles, Other), By Application (Hospitals, Emergency Centers, Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World)-Market Forecast Till 2032


ID: MRFR/AM/6665-CR | 100 Pages | Author: Sejal Akre| October 2022

Emergency Ambulance Vehicle Market Overview:


Emergency Ambulance Vehicle Market Size was valued at USD 15.37 billion in 2023. The Emergency Ambulance Vehicle market industry is projected to grow from USD 15.96 Billion in 2024 to USD 20.81 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.36% during the forecast period (2024 - 2032). Growth in the healthcare industry and road accident deaths growing aging population are the key market drivers enhancing the market growth.


Emergency Ambulance Vehicle Market


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Emergency Ambulance Vehicle Market Trends




  • The growing aging population is driving the market growth




The expansion of the industry will be driven by the growing elderly population worldwide and their increased reliance on emergency ambulance vehicles. According to the United Nations Department of Economic and Social Affairs, the population aged 60 and above is expected to grow by 56% between 2015 and 2030, reaching around 1.4 billion individuals. Furthermore, by 2050, the global population of elderly individuals is projected to more than double compared to 2015, reaching nearly 2.1 billion. The rise in the aging population has led to a significant increase in the demand for healthcare services. Technological advancements in the healthcare sector have also improved life expectancy worldwide. The growing population of elderly individuals has created a need for emergency ambulance vehicles, driving the market's growth. Thus, the impact of the growing aging population is expected to shift from moderate to high during the forecast period. This factor drives the Market CAGR.


Additionally, the demand for emergency ambulance vehicles is closely tied to the growth of the healthcare industry. These vehicles are vital in saving lives during emergencies when immediate medical attention is required, and the distance to a hospital is significant. The increasing demand for emergency ambulance vehicles from the healthcare sector has significantly contributed to the overall growth of this market. The healthcare industry relies heavily on these vehicles for efficient emergency medical services. Additionally, the rise in medical tourism worldwide has further propelled the growth of the healthcare industry, subsequently increasing the demand for emergency ambulance vehicles.


Furthermore, the import and export of ambulance equipment globally have also expanded the healthcare industry and the subsequent demand for these vehicles. As a result, the healthcare industry's growth is expected to create opportunities for the Emergency Ambulance Vehicle Market in the foreseeable future. Thus, driving the Emergency Ambulance Vehicle market revenue.


Emergency Ambulance Vehicle Market Segment Insights:


Emergency Ambulance Vehicle Type Insights


Based on Vehicle Type, the Emergency Ambulance Vehicle Market segmentation includes Vans, Cards, Motorcycles, and Others. The vans segment dominated the market; The vans are converted into advanced ambulances equipped with lifesaving equipment that enable hospitals and other healthcare institutions to provide the best medical care. The trend of clinics on wheels for special care and serving patients in urban and rural areas in hard-to-reach locations is growing rapidly.


Emergency Ambulance Application Insights


Based on Application, the Emergency Ambulance Vehicle Market segmentation includes Hospitals, Emergency centers, and others. The hospital segment emerged as the dominant player in the market in 2022, mainly attributable to its role in handling a substantial volume of emergency cases. Hospitals with specialized medical staff and advanced facilities are the preferred choice for immediate medical attention in critical situations. Hospitals have well-trained medical staff and advanced equipment, enabling them to provide superior care to patients. As a result, hospitals continue to be the preferred choice for emergency medical services, contributing to their dominance in the market. Hospitals that provide treatment and diagnosis for various disorders, including general hospitals, specialist institutions, and mental & rehab institutions, drive the demand for the emergency ambulance vehicles market.


Figure 1: Emergency Ambulance Vehicle Market, by Application, 2022 & 2032 (USD billion)


Emergency Ambulance Vehicle Market, by Application, 2022 & 2032


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Emergency Ambulance Vehicle Regional Insights


By Region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The North American emergency ambulance vehicle market will dominate this market due to the increased need for emergency care before hospitalization, the rising number of emergency cases, and the presence of major market players in this Region will boost the market growth in this Region.


Further, the major countries studied in the market report are The U.S., Canada, German, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2: Emergency Ambulance Vehicle Market Share By Region 2022 (%)


Emergency Ambulance Vehicle Market Share By Region 2022


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Europe's Emergency Ambulance Vehicle market accounts for the second-largest market share due to the rise due to more direct government involvement in 24/7 ambulance service and technical advancements in emergency ambulance vehicles. Further, the German Emergency Ambulance Vehicle market held the largest market share, and the U.K. Emergency Ambulance Vehicle market was the fastest-growing market in the European Region.


The Asia-Pacific Emergency Ambulance Vehicle Market is expected to grow fastest from 2023 to 2032. The market dominance of the hospital segment can be attributed to several factors. Firstly, there is a growing demand for top-notch healthcare facilities, with patients seeking high-quality medical services and advanced treatments. Additionally, the rising number of road accidents and emergencies necessitates the availability of well-equipped hospitals to provide immediate and effective care. Furthermore, the development of healthcare infrastructure, including the establishment of modern hospitals and medical centers, has further strengthened the position of the hospital segment.


Moreover, favorable reimbursement and regulatory reforms in healthcare policies have created a conducive environment for hospitals to thrive. These factors collectively contribute to the hospital segment's dominance in the market. Moreover, China’s Emergency Ambulance Vehicle market held the largest market share, and the Indian Emergency Ambulance Vehicle market was the fastest-growing market in the Asia-Pacific region.


Emergency Ambulance Vehicle Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development to expand their product lines, which will help the Emergency Ambulance Vehicle market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The emergency Ambulance Vehicle industry must offer cost-effective items.


Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global Emergency Ambulance Vehicle industry to benefit clients and increase the market sector. The Emergency Ambulance Vehicle industry has offered some of the most significant advantages in recent years. Key players in the Emergency Ambulance Vehicle market, including Toyota Motor Corporation (Japan), R.E.V. Group, Inc. (U.S.), Volvo Group (Sweden), Daimler AG (Germany), M.A.N. S.E. (Germany), Renault Trucks (France), Ford Motor Company (France), Leader Emergency Vehicles (U.S.), Lifeline Emergency Vehicles (U.S.), W.A.S. Ambulance (U.K.), BAUS AT (Poland)., various companies, including Volvo, are actively investing in research and development initiatives to boost market demand. These efforts reflect their commitment to innovation and continuous improvement to meet customers' evolving needs and preferences.


Volvo Group is a multinational manufacturing company headquartered in Gothenburg, Sweden, renowned for its production, distribution, and sales of trucks, buses, and construction equipment. Alongside these core operations, Besides its renowned trucks, buses, and construction equipment, Volvo is also involved in providing marine and industrial drive systems and financial services. In a notable development, A.B. Volvo has initiated manufacturing its C40 electric vehicles in Belgium, reflecting its dedication to diversifying its products with eco-friendly and sustainable transportation solutions. This expansion into electric vehicles underscores Volvo's commitment to reducing environmental impact and promoting a greener future in the automotive industry. By introducing electric vehicles, Volvo aims to contribute to reducing emissions and support a greener future in the automotive industry.


R.E.V. Group, Inc. is an American manufacturer of specialty vehicles, including ambulances, buses, firefighting apparatus, and recreational vehicles. R.E.V. Group and Lightning eMotorssigned an agreement & strategic partnership to manufacture and deploy zero-emission, all-electric Type A school buses.


Key Companies in the Emergency Ambulance Vehicle market include



  • Toyota Motor Corporation (Japan)

  • E.V. Group, Inc. (U.S.)

  • Volvo Group (Sweden)

  • Daimler AG (Germany)

  • A.N. S.E. (Germany)

  • Renault Trucks (France)

  • Ford Motor Company (France)

  • Leader Emergency Vehicles (U.S.)

  • Lifeline Emergency Vehicles (U.S.)

  • S. Ambulance (U.K.)

  • BAUS AT (Poland)


Emergency Ambulance Vehicle Industry Developments


May 2024 : Medical emergencies necessitate prompt attention and a prompt response as of May 2024. Moreover, ambulances perform their most critical function during such critical instances. The app of insurance startup ACKO now includes the capability to order an ambulance. By introducing this attribute, the organization is in line with its overarching goal of providing comprehensive protection solutions, which involves expanding its service offerings beyond insurance. The feature, which was introduced in collaboration with Red.Health, a prominent provider of emergency response services nationwide, will furnish vital aid to individuals in the event of medical emergencies. The application will facilitate the retrieval of the closest ambulance from a comprehensive network of 3000 vehicles and will provide the driver's information in under three minutes. The application also features real-time monitoring, which gives users peace of mind.

On August 18th, 2023, Zenzo, a healthcare provider, inaugurated its inaugural and distinctive 5G ambulance service in Mumbai. The ambulance serves patients via ultrafast 5G technology. Critical patients aboard the 5G ambulance service will receive treatment and diagnoses in a manner that is significantly altered. Equipped with state-of-the-art technology and sophisticated communication functionalities, Zenzo's advanced 5G ambulance promises to enhance the velocity and precision of emergency medical interventions. Consequently, this will result in improved patient outcomes and heightened efficiency in the provision of critical care services. It is a revolutionary development that utilizes state-of-the-art 5G-enabled devices. It facilitates the collection and exchange of health data in real-time, enables sophisticated patient monitoring, and expedites treatment responses. It provides comprehensive, life-saving emergency care using significant life-saving equipment such as ventilators, defibrillators, multipara patient monitors, ECG machines, and syringe pumps.


Emergency Ambulance Vehicle Market Segmentation:


Emergency Ambulance Vehicle Product Type Outlook



  • Vans

  • Cards

  • Motorcycles

  • Other


Emergency Ambulance Vehicle Application Outlook



  • Hospitals

  • Emergency centers

  • Others


Emergency Ambulance Vehicle Regional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America



Report Attribute/Metric Details
Market Size 2023 USD 15.37 billion
Market Size 2024 USD 15.96 billion
Market Size 2032 USD 20.81 billion
Compound Annual Growth Rate (CAGR) 3.36% (2024-2032)
Base Year 2023
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Vehicle Type, Application, and Region
Geographies Covered North America, Europe, AsiaPacific, and the Rest of the World
Countries Covered The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Toyota Motor Corporation (Japan), R.E.V. Group, Inc. (U.S.), Volvo Group (Sweden), Daimler AG (Germany), M.A.N. S.E. (Germany), Renault Trucks (France), Ford Motor Company (France), Leader Emergency Vehicles (U.S.), Lifeline Emergency Vehicles (U.S.), W.A.S. Ambulance (U.K.), BAUS AT (Poland).
Key Market Opportunities Growth in the healthcare industry
Key Market Dynamics Road Accident Deaths Growing aging population


Frequently Asked Questions (FAQ) :

The Emergency Ambulance Vehicle Market size was valued at USD 15.37 Billion in 2023.

The global market is estimated to grow at a CAGR of 3.36%during the forecast period, 2024-2032.

North America witnessed the largest share of the global market

The key players in the market areToyota Motor Corporation (Japan), R.E.V. Group, Inc. (U.S.), Volvo Group (Sweden), Daimler AG (Germany), M.A.N. S.E. (Germany), Renault Trucks (France), Ford Motor Company (France), Leader Emergency Vehicles (U.S.), Lifeline Emergency Vehicles (U.S.), W.A.S. Ambulance (U.K.), BAUS AT (Poland).

The Vans Vehicle category dominated the market in 2023.

Hospitals had the largest share of the global market.

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.