February 22, 2024

The Rising Adoption Of Mobility Devices Is Anticipated To Open Up The New Avenue For Telescopic Ramp Market

Telescopic ramps are portable and collapsible ramps used for assisting people with limited mobility or people using mobility devices such as walkers, wheelchairs or scooters to access premises and vehicles easily and safely. They are lightweight aluminum ramps that can be extended and retracted with the help of a lever mechanism. The length of telescopic ramps ranges from 4 to 10 feet and they can support weight up to 1000 lbs. They are convenient to store and carry around due to their compact size when folded.

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 Dynamics:

One of the major drivers of the Telescopic Ramp Market is the growing geriatric population worldwide who are prone to mobility issues. As per UN data, the number of people aged 60 or above is expected to rise from 962 million in 2017 to 2.1 billion in 2050. This is increasing the demand for mobility assistance products like telescopic ramps. Secondly, the rising prevalence of disabilities worldwide owing to various physical, mental or health conditions is also propelling the adoption of telescopic ramps for assisted access. As per WHO data, over 1 billion people live with some form of disability globally and this number is projected to increase with age-related health issues.

Segment Analysis

The telescopic ramp market is dominantly sub-segmented by the ramp width, where the sub-segment having ramp width of 30-36 inches holds the largest market share. This is due to the fact that ramps with 30-36 inches width can be used for various load capacities and also accommodate standard wheelchair and carts effectively compared to narrower or wider ramps.

PEST Analysis

Political: The implementation of several regulations mandating wheelchair accessibility in public places is expected to drive the market growth.

Economic: Rising per capita income of consumers is anticipated to boost the spending ability on assistive devices including telescopic ramps.

Social: Increasing rate of aging population and disabilities across the globe is necessitating the demand for mobility assistance products.

Technological: Advancements in ramp design in terms of weight, strength and compact foldability is further supporting the market growth. Companies are developing electrically operated and remotely folding ramps.

Key Takeaways

The Global Telescopic Ramp Market Analysis is expected to witness high growth, exhibiting CAGR of 6.7% over the forecast period, due to increasing disabilities worldwide with growing aging population. The market size for Telescopic Ramp was valued at US$ 746.9 Mn in 2023.

Regional analysis
North America holds the largest share in the global telescopic ramp market owing to supportive regulatory framework mandating wheelchair accessibility and increasing disabilities in the US and Canada. Asia Pacific region is expected to exhibit fastest growth during the forecast period mainly driven by rising healthcare expenditure, growing geriatric population and improving economic conditions in major countries like China and India.

Key players
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.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it