The global emergency ambulance vehicle market is showing a moderate prospect of recording a rise by 1.5% CAGR during the forecast period of 2019 to 2025. Market Research Future (MRFR), in its report, analyzed various factors that can bolster this growth and take it further ahead. These factors are the rising demand for patient comfort and better healthcare support while on-the-go, increasing investment in the healthcare segment, government initiatives to provide improved services, technological support and its easy integration, participation from prominent hospitals, the influence of the automotive sector, and others.
However, some structural drawbacks, lack of knowledge regarding the spending capacity, and the utility of these ambulances are expected to hold back the market growth.
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Market Segmentation
The global report on the emergency ambulance vehicle market includes segmentation of vehicle type and application. These two segments have data that can be used to plan moves that can assist in bolstering market growth and increasing the profit margin.
By vehicle type, the report on the emergency ambulance vehicle market includes segmentation of motorcycles, cars, vans, and others. The global market has a chance to get backed by the van segment as it is registering high growth both in terms of volume and value. It is slated to dominate the global market.
By application, the understanding of the global emergency ambulance vehicle market comprises emergency centers, hospitals, and others. The hospital segment has the opportunity to dominate the global market both in terms of value and volume. The investment capacity of hospitals is high when it comes to spending for an emergency ambulance vehicle, which boosts their market prospect.
Regional Analysis
North America has the chance to take the lead and maintain it in the coming years. The regional market will benefit from the participation of local manufacturers and the presence of countries like Canada and the US where the investment for better healthcare is massive. Government support in Europe would also back the emergency ambulance market.
Competitive Landscape
MAN, Daimler AG, REV Group, Ford Motor Company, W.A.S. Ambulance, Leader Ambulance, Toyota Motor Corporation, Groupe Renault, Life Line Emergency Vehicles, and BAUS AT are major makers of emergency ambulance vehicle. The global market for emergency ambulance vehicle is slated to profit from the strategic moves initiated by these companies. MRFR analysts have studied these tactical moves merger, collaboration, innovation, branding, research and development, investment, acquisition, and others to understand growth opportunities for the market.
Industry News
In August 2020, Reddy Customs, a Pune-based automotive company, declared that it is planning to launch 200-300 ambulances in the financial year of 2020-21. The company is providing an opportunity of customizing the design as per the need and is expected to gain huge traction. This came to light when the Maharashtra Government declared about a plan to develop an app-based ambulance service. This initiative from the government could spur the demand for the intake of ambulances and assist the company in developing better plans for customized ambulances.
The recent onslaught of coronavirus revealed the problems of the healthcare system and one of them is the shortage of ambulances in several countries. To boost the healthcare system, emergency ambulance vehicles play a crucial role. However, the lack of it has badly hurt several countries. In fact, in some countries, these ambulances are not properly equipped to counter the crisis. This realization will open up new possibilities for the manufacturers using which the emergency ambulance vehicle market can register growth.
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Table Of Contents
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.1. Definition
2.2.2. Research Objective
2.2.3. Assumptions
2.2.4. Limitations
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Model
3. Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat Of New Entrants
3.1.2. Bargaining Power Of Buyers
3.1.3. Threat Of Substitutes
3.1.4. Segment Rivalry
3.1.5. Bargaining Power Of Buyers
3.2. Value Chain/Supply Chain Analysis
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