Telescopic ramps are portable ramps that can extend and retract to provide access over surfaces for wheelchairs, walkers, and other mobility equipment. They offer convenience as their compact design allows for easy transportation and storage.
The global Telescopic Ramp Market is estimated to be valued at US$ 746.9 Mn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Growing demand from shipping and logistics industry is expected to be a key market trend. Telescopic ramps are extensively used in delivery trucks, cargo vans and other commercial vehicles for loading and unloading cartons and packages. They provide quick and easy access inside vehicles without permanent installation. Moreover, growing aging population and increasing prevalence of disabilities globally has bolstered the need for mobility assistance devices like telescopic ramps for independent living and accessibility. Stringent regulations regarding facility accessibility in commercial buildings and public places have further prompted installations of telescopic ramps.
SWOT Analysis
Strength: Telescopic ramps have efficiently folding function that takes very less storage space compared to other ramps. They are lightweight and portable which makes them easy to handle and transport.
Weakness: These ramps have limited payload capacity and not suitable for heavy loads. Their folding mechanism can get damaged if not handled properly.
Opportunity: Increasing demand for portable wheelchair access solutions from warehouses, events industry and residential buildings is driving the market growth. Growing aged population globally is also fueling the sales of telescopic ramps.
Threats: Availability of substitute products like portable inclined walkways and foldable platforms acts as a major threat to this market. Industry consolidation can increase competitive pricing pressures.
Key Takeaways
The Global Telescopic Ramp Market Analysis is expected to witness high growth, exhibiting a CAGR of 6.7% over the forecast period due to increasing demand for handicap accessibility solutions.
Regional analysis: North America dominates the global market and holds more than 35% market share due to stringent safety regulations and growing disability population. Asia Pacific is expected to be the fastest growing regional market attributed to rising senior citizen population and improving elderly care infrastructure in developing countries.
Key players operating in the telescopic ramp market are Prairie View Industries, EZ-ACCESS, Roll-A-Ramp, SafePath Products, PVI Ramps (Handi-Ramp), Bridjit Curb Ramps, HomCom (Aosom LLC), Titan Ramps, Bluff Manufacturing, National Ramp, Handicare Group AB, Tri-Boro Construction Supplies, Vestil Manufacturing, Ruedamann Official Store, Discount Ramps. Key players are focused on new product launches catering to various payload capacities and end-use segments to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it