Burlingame, CA, Aug. 18, 2025 (GLOBE NEWSWIRE) — Ambulance Vehicles Market to Hit USD 22.64 Billion by 2025, Driven by Growing Demand for Emergency Medical Services
The Global Ambulance Vehicles Market is estimated to be valued at USD 22.64 Bn in 2025 and is expected to reach USD 31.43 Bn by 2032, growing at a compound annual growth rate (CAGR) of 4.8% from 2025 to 2032. The ambulance vehicles market is experiencing substantial growth driven by the rising demand for emergency medical services and the increasing incidence of chronic diseases and accidents. Technological advancements, including the integration of advanced life support systems and telemedicine features in ambulance vehicles, are also contributing to this expansion. Moreover, government efforts to enhance healthcare infrastructure and boost funding for emergency medical services are expected to further accelerate the market’s growth throughout the forecast period.
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Global Ambulance Vehicles Market Key Takeaways
As per Coherent Market Insights (CMI), the global ambulance vehicles market size is expected to total USD 31.43 Bn by 2032, up from USD 22.64 Bn in 2025.
Global demand for ambulance vehicles is likely to increase at a moderate CAGR of 4.3% between 2025 and 2032.
Ambulance vans remain a highly sought-after vehicle type, accounting for a market revenue share of 65.8% in 2025.
Based on equipment level, advance life support (ALS) segment is set to account for 64.1% of the global ambulance vehicles market share in 2025.
Coherent Market Insights’ latest ambulance vehicles market research predicts North America to account for a dominant market share of 37.6% in 2025.
Asia Pacific is expected to become a happy hunting ground for ambulance vehicle manufacturers throughout the forecast period.
Rising Demand for Emergency Medical Services Spurring Market Growth
Coherent Market Insights’ latest ambulance vehicles market forecast highlights prominent factors fueling industry growth. Increasing demand for emergency medical services (EMS) is one such key growth driver.
There has been a significant rise in road accidents, medical emergencies, and natural disasters globally over recent years. For instance, according to the World Population Review, natural disasters cause about 45,000 deaths annually worldwide.
This increase in road accidents, medical emergencies, and natural disasters is boosting demand for emergency medical services, which in turn drives the need for ambulance vehicles. Similarly, growing prevalence of chronic diseases like diabetes and hypertension is contributing to ambulance vehicle demand.
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High Cost Limiting Ambulance Vehicles Market Growth
The future ambulance vehicles market outlook looks promising, owing to rising incidence of medical emergencies. However, high cost of advanced ambulances is limiting market growth to some extent.
Modern ambulances, especially those equipped with advanced life support systems, are quite expensive, costing thousands of dollars. This deters their adoption among small hospitals …