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Vehicle Conversion Market Share

Report ID: GMI6039
Published Date: Jun 2023
Report Format: PDF

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Vehicle Conversion Market Share

Some of the major players operating in the vehicle conversion industry are

Adventure Van Conversions
BraunAbility
Creative Mobile Interiors
DIYEV Inc.
El Kapitan Conversion Vans
Electric Classic Cars
EV Source
EV4U Custom Conversions

These players are focused on strategic partnerships and new product launches & commercialization for market expansion. They are heavily investing in research to introduce innovative products and garner maximum market revenue.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of vehicle conversion reached USD 4.6 billion in 2022 and is projected to register 8.5% CAGR during 2023 to 2032 owing to the growing emphasis on electric vehicle technology worldwide.

Demand for commercial vehicle conversion is expected to witness 8% growth rate from 2023 to 2032 as it offers industry-specific customization, allowing businesses to design vehicles as per requirements.

North America held over 40% of the industry share in 2022 and is anticipated to witness high demand due to the diverse industrial landscape and businesses seeking customized solutions to optimize their operations.

Some of the prominent vehicle conversion companies include Adventure Van Conversions, BraunAbility, Creative Mobile Interiors, DIYEV Inc., El Kapitan Conversion Vans, Electric Classic Cars, EV Source, and EV4U Custom Conversions.