The Telescopic Ramp Market provides convenient and safe loading and unloading of goods from delivery trucks, cargo vans, workshop toolboxes and other vehicles. Telescopic ramps extend and retract smoothly using hydraulic or electric controls for easy handling of goods. Compared to fixed ramps, telescopic ramps are more space-efficient and portable.
A telescopic ramp is a portable loading platform that extends and retracts using a hydraulic or electric powered mechanism. It consists of multiple telescoping sections that slide in and out of each other for smooth extension and retraction. Telescopic ramps help load and unload goods conveniently from various vehicles and storage areas where space is constrained. They efficiently utilize limited space and provide improved access for goods handling activities.
The 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:
Increasing demand for convenient loading and unloading of goods from delivery vehicles is a key trend driving the telescopic ramp market growth. Telescopic ramps allow easy handling of goods without heavy lifting, thereby improving workplace safety and productivity. Growing e-commerce sector is also propelling the need for efficient logistics operations, boosting adoption of telescopic ramps. Furthermore, development of electrically powered ramps with remote controls and safety sensors is gaining traction in the market. Advancements in ramp designs for smooth operation and durability even in harsh outdoor environments continues to enhance their utility.
Porter’s Analysis
Threat of new entrants: New entrants face high capital requirements to build manufacturing facilities and distribution networks.
Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of substitute products like static portable ramps and tailgate lifts.
Bargaining power of suppliers: Suppliers have low to medium bargaining power as raw m
Threat of new substitutes: Threat from substitutes is moderate as products like portable static ramps and tailgate lifts provide alternatives.
Competitive rivalry: Intense competition among existing players.
SWOT Analysis
Strengths: Durable, portable and lightweight nature make them suitable for various applications.
Weaknesses: Require manual effort for installation and high costs.
Opportunities: Increasing spending on infrastructure for disabled & elderly and growth of logistics sector.
Threats: Strong competition from substitute products and regulations regarding safety standards.
Key Takeaways
The Global Telescopic Ramp Market Analysis is expected to reach US$ 1,273.4 Mn by 2030, expanding at a CAGR of 6.7% during the forecast period. Increasing government emphasis on infrastructure development to aid mobility of disabled individuals across North America and Europe is expected to drive market growth.
The North America telescopic ramp market accounted for largest share of 32% in 2023 owing to stringent regulations regarding disabled accessibility across the US and Canada. Development of disability-friendly infrastructure will further drive demand.
The Asia Pacific telescopic ramp market is anticipated to exhibit highest growth, expanding at CAGR of 8.4% during 2023-2030. Improving economic conditions and growing industrial sector in China, India and ASEAN countries will propel demand.
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.
For more details on the report, Read- https://www.marketwebjournal.com/telescopic-ramp-market-size
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