Emergency Ambulance Vehicle Market Overview:
The Emergency Ambulance Vehicle Market Size was valued at USD 21.45 billion in 2022 and is expected to reach USD 62.50 billion by 2030 and grow at a CAGR of 14.3% over the forecast period 2023-2030.
Emergency ambulances are the most common vehicles in the transportation system because they convey patients in a variety of positions. These vehicles are a component of an emergency response system and are constructed primarily as aftermarket modifications to preexisting vehicles. They are able to respond to urgent medical situations in an efficient and timely manner, thereby minimizing damage and maximizing the number of lives that are preserved. The provision of emergency medical care as well as services involving the transfer of patients frequently makes use of emergency ambulance vehicles. The government is investing a significant amount of money in an effort to encourage more manufacture of emergency ambulances. As the frequency of accidents continues to rise, emergency ambulance vehicle services are being mobilized to better respond to the situation.
Increase in road traffic accidents around the world.
The emergence of new ailments is boosting the market's expansion.
An increase in healthcare spending and growing demand for increased care delivery.
Efforts to increase the use of emergency ambulances have been made by the government.
Increasing automobile prices will be a hindrance to future growth.
Lack of awareness about spending power and uptake of ambulance services.
Increasing demand for emergency ambulance vehicle customization to include cutting-edge features.
The market's potential will accelerate in the future as a result of the influx of new investments.
Customization of emergency ambulances to include more advanced features.
There has been an increase in the use of motorcycles as emergency medical transport.
Undeveloped countries are expected to have a negative impact on the market for emergency ambulance vehicles.
Due to the significant initial expenditure necessary to create as well as the high ongoing costs of maintenance.
IMPACT OF COVID-19:
The market for emergency ambulance vehicles was affected by the COVID-19 in a number of ways. During the course of the pandemic, there was a discernible rise in the number of patients who phoned for medical assistance. During the pandemic, there was an increase in the number of people requesting assistance from rural areas, which makes sense given the severity of the epidemic's impact on rural communities. As a result, hospital emergency services were hampered during both the first period and subsequent waves of the crisis.
Despite the fact that the crisis appears to be abating, the market is likely to continue expanding. In the air ambulance industry, the COVID-19 wave has had a profound effect. Patient care workers must be extra vigilant to avoid infection because of their patients' deteriorating health situations. Since this increases preparation time, it necessitates faster response times than before. This adds to the strain and costs of both the employees and the businesses.
KEY MARKET PLAYERS:
EV Group (EVG) (India), Groupe Renault (France), Ford Motor Company (US), Life Line Emergency Vehicles (US), REV Group, MAN, Daimler AG, Life Line Emergency Vehicles, W.A.S. Ambulance, Leader Ambulance (US), B.A.U.S. AT (Poland), Tata Motors Limited (India), Toyota Motors Corporation (Japan), and Sarvottam Appliances Private Limited (India) are some of the major players in the Emergency Ambulance Vehicle Market.
Market, By Vehicle Type:
The market is divided into two categories based on the kind of vehicle type: vans, cars, motorcycles, and others. During the time period covered by this estimate, the vans type segment is anticipated to hold the majority of both the value and volume positions on the global market.
Market, By Application:
The market is divided into applications, which are further divided into hospitals, emergency centers, and others. During the time period covered by the research, the hospital sector is anticipated to hold the majority share of the global market in terms of both value and volume.
By Vehicle Type:
The market for emergency ambulance vehicles across the globe has been divided into four distinct regions based on their respective geographic locations: North America, Europe, Asia-Pacific, and the rest of the world. Because of the direct engagement of the local and state governments in the use of emergency ambulances across the area, it is anticipated that North America will hold a significant market share over the course of the projected period. It is anticipated that this would result in even greater growth in the market share held by the area in the industry. On the other side, Europe is anticipated to experience significant expansion as a result of tight regulatory criteria for the number of emergency ambulance vehicles required by each hospital.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 21.45 Billion|
|Market Size by 2030||US$ 62.50 Billion|
|CAGR||CAGR of 14.3% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Type (Vans, Cars, Motorcycles, Others)
• by Application (Hospitals, Emergency Centers, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||EV Group (EVG) (India), Groupe Renault (France), Ford Motor Company (US), Life Line Emergency Vehicles (US), REV Group, MAN, Daimler AG, Life Line Emergency Vehicles, W.A.S. Ambulance, Leader Ambulance (US), B.A.U.S. AT (Poland), Tata Motors Limited (India), Toyota Motors Corporation (Japan), and Sarvottam Appliances Private Limited (India)|
|Key Drivers||•Increase in road traffic accidents around the world.
•The emergence of new ailments is boosting the market's expansion.
|RESTRAINTS||•Increasing automobile prices will be a hindrance to future growth.
•Lack of awareness about spending power and uptake of ambulance services.
Frequently Asked Questions (FAQ) :
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
18.104.22.168 United Kingdom
22.214.171.124 South Korea
126.96.36.199 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Emergency Ambulance Vehicle Market Segmentation, by Vehicle Type
9. Global Emergency Ambulance Vehicle Market Segmentation, by Application
9.2 Emergency Centers
10. Regional Analysis
10.2 North America
10.2.1 the USA
10.3.2 the UK
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11. Company Profiles
11.1 Tata Motors Limited (India),
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 EV Group (EVG) (India)
11.3 Groupe Renault (France)
11.4 Ford Motor Company (US)
11.5 Life Line Emergency Vehicles (US)
11.6 REV Group
11.8 Daimler AG
11.9 Life Line Emergency Vehicles
11.10 W.A.S. Ambulance
11.11 Leader Ambulance (US)
11.12 B.A.U.S. AT (Poland)
11.13 Toyota Motors Corporation (Japan)
11.14 Sarvottam Appliances Private Limited (India)
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share analysis
12.3 Recent Developments
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