The Telescopic Ramp Market is estimated to be valued at US$ 746.9 Mn or 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 Overview:
Telescopic ramps are load-bearing ramps that extend and retract using a scissor-like mechanism. They provide convenient access for wheelchairs, walkers, strollers, carts, and other mobility equipment into vehicles like vans, cars, buses, trucks, and buildings. Telescoping ramps come in lightweight, durable aluminum designs and include safety rails and grip strips to prevent slips. With the growing elderly population worldwide and rising cases of disabilities, telescopic ramps are becoming essential for inclusive mobility and accessibility.
Market Dynamics:
The increasing demand for inclusive mobility solutions for people with disabilities and special needs is a key driver for the telescopic ramp market growth. According to the WHO, over 1 billion people globally live with some form of disability. The rising number of age-related disabilities and conditions like arthritis that require use of assistive devices for mobility is expected to boost the adoption of telescopic ramps. Furthermore, stringent regulations mandating wheelchair accessibility at public infrastructures and transports are projected to propel the market expansion. However, the high initial costs and technical complexities associated with telescopic ramp installation may hamper the market progress.
Segment Analysis
Telescopic Ramp Market is primarily segmented into residential and commercial segments. The residential segment currently dominates the market with over 60% share owing to increasing usage of telescopic ramps in homes for elderly and differently abled population. The need for assisting differently abled and elderly people for easy accessibility within homes is driving the growth of residential segment.
PEST Analysis
Political: Regulations around infrastructure accessibility for differently abled people have increased the demand for telescopic ramps.
Economic: Growing per capita incomes has increased disposable incomes allowing people to spend more on assistive devices like telescopic ramps.
Social: Increasing health awareness and ageing population has led to rise in adoption of assistive devices for safety and convenience of elderly population.
Technological: Development of lightweight yet durable materials for manufacturing telescopic ramps has improved portability and ease of use.
Key Takeaways
The Global Telescopic Ramp Market Size is expected to witness high growth, exhibiting CAGR of 6.7% over the forecast period, due to increasing health awareness and rising ageing population. The North America region currently dominates the market with over 40% share owing to strong distribution network and increasing demand from residential sector. Regional analysis European region is expected to witness fastest growth during forecast period due to increasing government emphasis on infrastructure support for differently abled people. 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.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
