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Global Emergency Ambulance Vehicle Market – Industry Trends and Forecast to 2029

  • Automotive
  • Upcoming Report
  • Apr 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Emergency Ambulance Vehicle Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 18.56 Billion
Diagram Market Size (Forecast Year) USD 22.25 Billion
Diagram CAGR %

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

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Forecast Period

2022 - 2029

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Vehicle Type (Vans, Cars, Motorcycles, Others), Equipment (Basic Life Support Ambulance Services (BLS), Advance Life Support Ambulance Services (ALS)), Application (Hospitals, Emergency Center, Others)

Countries Covered

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

Market Players Covered

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

Market Opportunities

  • Increase in demand for customization in emergency ambulance vehicles incorporating advanced functionalities
  • Increase in the number of road traffic accidents across the globe
  • Rise in the cardiovascular diseases (CVDs), including congestive heart failure

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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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Emergency Ambulance Vehicle Market is expected USD 22.25 billion by 2029.
Emergency Ambulance Vehicle Market is expected to witness CAGR of 2.00% during the forecast by 2029.
On the basis of application, the Emergency Ambulance Vehicle Market is segmented into Hospitals, Emergency Center, Others.
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), and Sarvottam Appliances Private Limited (India), among others.
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