Market Forecast By Vehicle Type (Passenger Car, SUV/MPV, Pick-up Truck, Mobility Scooter), By Manufacturer Type (OEM, Third-Party Customization), By Entry Configuration (Side Entry, Rear Entry), By Entry Mechanism (Ramp, Lifting Equipment), By Driving Option (Driving on Swivel Seat, Driving through Wheelchair, Driving on Normal Seat) And Competitive Landscape
Product Code: ETC173482 | Publication Date: Jan 2022 | Updated Date: Jun 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Mexico Vehicles For Disabled market currently, in 2023, has witnessed an HHI of 6958, Which has increased moderately as compared to the HHI of 3971 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | Mexico Vehicles for disabled Marketย |
Forecast period | 2024-2030 |
CAGR | 9.5% |
Growing Sector | Automobile |
The Mexico Vehicles for disabled Marketย report thoroughly covers the market, By Vehicle Type, By Manufacturer Type, By Entry Configuration, By Entry Mechanism and By Driving Option. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The market for vehicles specifically designed for disabled individuals has been growing in Mexico over the past few years. With a rising number of people with disabilities, there is a need for more accessible and adapted transportation options. Mexico, being one of the largest countries in Latin America, makes up a significant portion of this market. Also, the Mexico government has taken steps to improve accessibility for disabled individuals, including implementing laws and regulations that require public vehicles to be accessible. This has led to an increase in demand for specialized vehicles that can accommodate w
According to 6Wresearch, Mexico Vehicles for disabled Marketย size is expected to grow at a significant CAGR of 9.5% during 2024-2030. The Mexico vehicles for the disabled market are expected to grow at a significant rate in upcoming years. This growth can be attributed to various factors such as increasing government initiatives, technological advancements, and a growing demand from an aging population. The Mexico government has taken notable steps toward improving accessibility for disabled individuals, including implementing laws and regulations that require public vehicles to be accessible. This has created a favorable environment for the growth of the market, as it has increased the demand for specialized vehicles. Moreover, with advancements in technology, new and innovative solutions have been developed to cater to the needs of disabled individuals. These include features such as automated ramps, adjustable seating options, and voice-controlled systems, making transportation more convenient and comfortable for disabled individuals. The aging population in Mexico is also a significant factor driving the growth of this market. However, despite the growth opportunities in Mexico vehicles for the disabled market, some challenges need to be addressed. One of the main challenges is the high cost of specialized vehicles, which can make them inaccessible for many individuals with disabilities who may have lower incomes.
The Mexico vehicles for disabled market is highly competitive, with many players vying for a share in the market. Some of the leading players in this industry include Toyota Motor Corporation. Toyota has been a pioneer in developing and manufacturing accessible vehicles for individuals with disabilities. Their models specifically designed for wheelchair users include the Sienna Rampvan and the Sienna Lowered Floor. BraunAbility: This company specializes in converting standard vehicles into wheelchair-accessible ones. They offer a range of options, including rear-entry and side-entry ramps. Vantage Mobility International (VMI): VMI offers both minivan and full-size van models that are designed for wheelchair accessibility. Their products include the Northstar in-floor ramp system and the Summit fold-out ramp system. Revability: With a focus on customization, Revability offers a variety of options for wheelchair users, including side-entry and rear-entry conversions for vans and SUVs. Additionally, these leading players in the Mexico vehicles for disabled market are constantly innovating and expanding their product offerings to cater to the evolving needs of disabled individuals. With increasing competition, we can expect to see even more advancements and improvements in the accessibility of vehicles for disabled individuals in the future.
In addition to the laws and regulations requiring public vehicles to be accessible, the Mexico government has also implemented policies to promote the use of specialized vehicles for disabled individuals. One such policy is a tax exemption on imported vehicles that have been adapted for wheelchair accessibility. This encourages manufacturers to invest in developing and importing these specialized vehicles, making them more accessible and affordable for disabled individuals. Additionally, the Mexico government also offers subsidies and financial assistance programs for disabled individuals to purchase these vehicles. Furthermore, Mexico has also signed the United Nations Convention on the Rights of Persons with Disabilities (CRPD), which aims to promote and protect the rights and dignity of people with disabilities. This includes promoting accessibility and transportation options for disabled individuals.
The future of vehicles for disabled people in Mexico looks bright. The government is supporting initiatives, and technology is improving, which is driving the growth of this market. As the elderly population grows and there's a focus on making things more accessible for people with disabilities, we can expect this industry to keep growing. One area that will likely see a lot of growth is the market for electric and hybrid vehicles for disabled individuals. These vehicles not only make it easier for people with disabilities to get around but also help reduce pollution and protect the environment. In conclusion, the market for vehicles for disabled people in Mexico is a great opportunity for manufacturers and investors. With a growing demand and support from the government, we'll see more and better vehicles for disabled people in the future. As people become more aware and prices come down, we can look forward to a transportation system that works for everyone, no matter their abilities.
According to Ravi Bhandari, Research Head, 6Wresearch, the passenger car segment is expected to see the highest growth in the Mexico vehicles for the disabled market. This can be attributed to increasing demand for smaller and more compact vehicles that are easier to maneuver and park.
The OEM segment is predictable to lead the Mexico vehicles for the disabled market, owing to the increasing partnerships and collaborations between vehicle manufacturers and accessibility companies.
In recent years, the side entry segment has been growing at a faster pace compared to rear entry. This can be attributed to the increasing popularity of minivans for disabled individuals, which primarily offer side-entry conversions.
The ramp segment is expected to dominate the market growth in Mexico. This is due to its cost-effectiveness and ease of use compared to other mechanisms such as lifting equipment or lowered floor options.
Based on current market trends, it appears that the segment of driving on normal seat with modifications is growing the most in Mexico. This option allows for more flexibility and customization, as disabled individuals can choose to drive themselves or have someone else operate the vehicle for them.
The report offers a comprehensive study of the subsequent market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Mexico Vehicles for disabled Market Overview |
3.1 Mexico Country Macro Economic Indicators |
3.2 Mexico Vehicles for disabled Market Revenues & Volume, 2020 & 2030F |
3.3 Mexico Vehicles for disabled Market - Industry Life Cycle |
3.4 Mexico Vehicles for disabled Market - Porter's Five Forces |
3.5 Mexico Vehicles for disabled Market Revenues & Volume Share, By Vehicle Type, 2020 & 2030F |
3.6 Mexico Vehicles for disabled Market Revenues & Volume Share, By Manufacturer Type, 2020 & 2030F |
3.7 Mexico Vehicles for disabled Market Revenues & Volume Share, By Entry Configuration, 2020 & 2030F |
3.8 Mexico Vehicles for disabled Market Revenues & Volume Share, By Entry Mechanism, 2020 & 2030F |
3.9 Mexico Vehicles for disabled Market Revenues & Volume Share, By Driving Option, 2020 & 2030F |
4 Mexico Vehicles for disabled Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Mexico Vehicles for disabled Market Trends |
6 Mexico Vehicles for disabled Market, By Types |
6.1 Mexico Vehicles for disabled Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 Mexico Vehicles for disabled Market Revenues & Volume, By Vehicle Type, 2020 - 2030F |
6.1.3 Mexico Vehicles for disabled Market Revenues & Volume, By Passenger Car, 2020 - 2030F |
6.1.4 Mexico Vehicles for disabled Market Revenues & Volume, By SUV/MPV, 2020 - 2030F |
6.1.5 Mexico Vehicles for disabled Market Revenues & Volume, By Pick-up Truck, 2020 - 2030F |
6.1.6 Mexico Vehicles for disabled Market Revenues & Volume, By Mobility Scooter, 2020 - 2030F |
6.2 Mexico Vehicles for disabled Market, By Manufacturer Type |
6.2.1 Overview and Analysis |
6.2.2 Mexico Vehicles for disabled Market Revenues & Volume, By OEM, 2020 - 2030F |
6.2.3 Mexico Vehicles for disabled Market Revenues & Volume, By Third-Party Customization, 2020 - 2030F |
6.3 Mexico Vehicles for disabled Market, By Entry Configuration |
6.3.1 Overview and Analysis |
6.3.2 Mexico Vehicles for disabled Market Revenues & Volume, By Side Entry, 2020 - 2030F |
6.3.3 Mexico Vehicles for disabled Market Revenues & Volume, By Rear Entry, 2020 - 2030F |
6.4 Mexico Vehicles for disabled Market, By Entry Mechanism |
6.4.1 Overview and Analysis |
6.4.2 Mexico Vehicles for disabled Market Revenues & Volume, By Ramp, 2020 - 2030F |
6.4.3 Mexico Vehicles for disabled Market Revenues & Volume, By Lifting Equipment, 2020 - 2030F |
6.5 Mexico Vehicles for disabled Market, By Driving Option |
6.5.1 Overview and Analysis |
6.5.2 Mexico Vehicles for disabled Market Revenues & Volume, By Driving on Swivel Seat, 2020 - 2030F |
6.5.3 Mexico Vehicles for disabled Market Revenues & Volume, By Driving through Wheelchair, 2020 - 2030F |
6.5.4 Mexico Vehicles for disabled Market Revenues & Volume, By Driving on Normal Seat, 2020 - 2030F |
7 Mexico Vehicles for disabled Market Import-Export Trade Statistics |
7.1 Mexico Vehicles for disabled Market Export to Major Countries |
7.2 Mexico Vehicles for disabled Market Imports from Major Countries |
8 Mexico Vehicles for disabled Market Key Performance Indicators |
9 Mexico Vehicles for disabled Market - Opportunity Assessment |
9.1 Mexico Vehicles for disabled Market Opportunity Assessment, By Vehicle Type, 2020 & 2030F |
9.2 Mexico Vehicles for disabled Market Opportunity Assessment, By Manufacturer Type, 2020 & 2030F |
9.3 Mexico Vehicles for disabled Market Opportunity Assessment, By Entry Configuration, 2020 & 2030F |
9.4 Mexico Vehicles for disabled Market Opportunity Assessment, By Entry Mechanism, 2020 & 2030F |
9.5 Mexico Vehicles for disabled Market Opportunity Assessment, By Driving Option, 2020 & 2030F |
10 Mexico Vehicles for disabled Market - Competitive Landscape |
10.1 Mexico Vehicles for disabled Market Revenue Share, By Companies, 2023 |
10.2 Mexico Vehicles for disabled Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |