Global Emergency Ambulance Vehicle Market, By Vehicle Type (Vans, Cars, Motorcycles, Others), Equipment (Basic Life Support Ambulance Services (BLS), Advance Life Support Ambulance Services (ALS)), Application (Hospitals, Emergency Center, Others) - Industry Trends and Forecast to 2029
Market Analysis and Size
Emergency ambulance vehicles are being widely used for delivering emergency care and patient transfer services. Government is spending large sum of amount to promote emergency ambulance production. Emergency ambulance vehicle services are being deployed due to the increase in number accidents.
Global Emergency Ambulance Vehicle Market was valued at USD 18.56 billion in 2021 and is expected to reach USD 22.25 billion by 2029, registering a CAGR of 2.00% during the forecast period of 2022-2029. Basic Life Support Ambulance Services (BLS) is expected to witness high in the equipment segments due to the increase in the number of trauma cases. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Emergency ambulance vehicles are the typical vehicles in the transportation system as they carry patients in a number of orientations. These vehicles are a part of an emergency response system and are built primarily as aftermarket modifications to existing vehicles and these vehicles respond to emergency medical situations effectively and quickly, by providing care and saving lives.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Forecast Period
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2022 - 2029
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Vehicle Type (Vans, Cars, Motorcycles, Others), Equipment (Basic Life Support Ambulance Services (BLS), Advance Life Support Ambulance Services (ALS)), Application (Hospitals, Emergency Center, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa
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Market Players Covered
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EV Group (EVG) (India), Ford Motor Company (US), Groupe Renault (France), Life Line Emergency Vehicles (US), TOYOTA MOTOR CORPORATION (Japan), Leader Ambulance (US), B.A.U.S. AT Sp. z o.o. (Poland), Tata Motors Limited (India), and Sarvottam Appliances Private Limited (India), among others
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Market Opportunities
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Emergency Ambulance Vehicle Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Road Traffic Accidents
The increase in the number of road traffic accidents across the globe acts as one of the major factors driving the growth of emergency ambulance vehicle market. Road traffic accidents are known to be the 9th leading cause of death worldwide.
- Prevalence of Cardiovascular Diseases (CVDs)
The rise in the cardiovascular diseases (CVDs), including congestive heart failure, coronary artery disease, cardiac arrest, and stroke, among others accelerate the market growth.
- Geriatric Population
The presence of a large population pool over 60 years will assist in the expansion of the hospital emergency services market as they have a lower immunity level. The geriatric population is prone to cardiac problems, spinal injuries, neurological diseases and cancer.
- Medical Tourism
Medical tourism is growing because of the developments in healthcare infrastructure and advanced reimbursement policies.
Additionally, advancements in healthcare infrastructure, high demand for expanded care delivery and surge in healthcare expenditure positively affect the emergency ambulance vehicle market.
Opportunities
Furthermore, increase in demand for customization in emergency ambulance vehicles incorporating advanced functionalities extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, surge in investments will further expand the emergency ambulance vehicle market’s growth rate in the future.
Restraints/Challenges
On the other hand, high cost associated with the vehicles is expected to obstruct market growth. Also, less adoption of emergency ambulance vehicles in underdeveloped countries is projected to challenge the emergency ambulance vehicle market in the forecast period of 2022-2029.
This emergency ambulance vehicle market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on emergency ambulance vehicle market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Emergency Ambulance Vehicle Market
The COVID-19 had an impact on the emergency ambulance vehicle market. An increase in the number of patient calls for help was witnessed during the pandemic. The calls for help also increased from the rural area in the pandemic period as rural areas also suffered highly during this period. Thus, hospital emergency services suffered setbacks both in the initial period and subsequent waves.
Recent Development
- Reliance Industries Ltd announced free fuel to all emergency service vehicles in May’2021 carrying Covid patients. A large number of ambulances are being utilized for transporting medical oxygen and oxygen to and from quarantine hospitals and facilities.
Global Emergency Ambulance Vehicle Market Scope and Market Size
The emergency ambulance vehicle market is segmented on the basis of vehicle type, equipment and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Vehicle Type
- Vans
- Cars
- Motorcycles
- Others
Equipment
- Basic Life Support Ambulance Services (BLS)
- Advance Life Support Ambulance Services (ALS)
Application
- Hospitals
- Emergency Center
- Others
Emergency Ambulance Vehicle Market Regional Analysis/Insights
The emergency ambulance vehicle market is analyzed and market size insights and trends are provided by country, vehicle type, equipment and application as referenced above.
The countries covered in the emergency ambulance vehicle market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the emergency ambulance vehicle market because of the rise in need for emergency care before hospitalization and increase in number of emergency cases within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the demand for high-quality healthcare facilities and growing number of road accidents in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Emergency Ambulance Vehicle Market Share Analysis
The emergency ambulance vehicle market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to emergency ambulance vehicle market.
Some of the major players operating in the emergency ambulance vehicle market are
- EV Group (EVG) (India)
- Ford Motor Company (US)
- Groupe Renault (France)
- Life Line Emergency Vehicles (US)
- TOYOTA MOTOR CORPORATION (Japan)
- Leader Ambulance (US)
- B.A.U.S. AT Sp. z o.o. (Poland)
- Tata Motors Limited (India)
- Sarvottam Appliances Private Limited (India)
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