Telescopic Ramp Market To Witness High Growth Owing to Rising Demand from Airports and Seaports

Telescopic ramps are adjustable ramps that can be extended or collapsed to provide access over a range of heights. They typically feature sliding sections that telescope out to create a sloped surface for wheelchairs, carts, or other rolling equipment to roll up and down safely. Telescopic ramps are advantageously portable and easy to store when not in use. They are commonly found in warehouses, manufacturing facilities, event venues, storage units, and other commercial spaces where vehicles or equipment need to be loaded or unloaded at changing heights.

The Telescopic Ramp Market key trends:

The increasing usage of telescopic ramps in warehouses and transportation facilities is expected to be a major trend driving market growth over the forecast period. Many distribution centers and shipping docks now rely on telescopic ramps to efficiently move goods between loading docks, trucks, and storage shelves of varying heights. Similarly, commercial vehicle owners such as delivery and service fleets are equipping their vehicles with telescopic ramps for hassle-free loading and unloading. Other trends include the development of lightweight and rugged ramp designs for off-road and emergency use cases. Manufacturers are also offering ramps customized with safety rails, lighting, remote controls, and other specialized features. Technological upgrades continue to expand the range of applications served by telescopic ramps.

Porter's Analysis

Threat of new entrants: Low barrier to entry but the established players hold majority of the market share making it difficult for new entrants.

Bargaining power of buyers: Buyers have moderate bargaining power as there are many established players offering a variety of products at competitive rates.

Bargaining power of suppliers: Suppliers have low bargaining power as raw materials required are easily available and there are many suppliers in the market.

Threat of new substitutes: Low threat as telescopic ramps offer safety, stability, and convenience that cannot be matched by substitutes.

Competitive rivalry: High as major players compete on the basis of product quality, features, pricing and customer service.

SWOT Analysis

Strengths: Durable construction and load capacity up to 1,000 lbs make them suitable for majority of mobility equipment. Folding design allows for compact storage.

Weaknesses: Higher costs compared to options like portable ramps or incline platforms. Heavy weight can make transportation difficult.

Opportunities: Growing geriatric population and rising disability rates increasing the demand. Expanding application in commercial and industrial sectors.

Threats: Economic slowdowns reducing infrastructure spending. Stringent regulations regarding design, safety and accessibility.

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 installation of accessibility infrastructure at public places. The market size for telescopic ramps in 2023 is projected to reach US$ 746.9 Mn.