July 18, 2024

The Global Telescopic Ramp Market Growth Accelerated By Increased Indoor Air Quality Demands

Telescopic ramps help in easy loading and unloading of goods and materials from commercial vehicles. They are usually lightweight aluminum ramps that can extend/retract using hydraulic or electric systems for convenience. With growing e-commerce and logistics activities, demand for commercial vehicles has increased substantially. Telescopic ramps find wide usage in delivery vans, trucks, cargo vehicles to facilitate quick transfer of shipments in and out of vehicles. They ensure safety of goods as well as improve work efficiency by reducing manual handling efforts.

The global telescopic ramp market is estimated to be valued at US$ 746.9 million in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the key trends in the telescopic ramp market has been the growing demand for powered/electric telescopic ramps. Earlier, manual hydraulic ramps were commonly used but recent years have witnessed increased preference for electric models due to various advantages. Powered ramps can extend and retract automatically with the push of a button, saving time and labor cost. They are safer to operate and handle heavy loads with more convenience as compared to manual versions. Furthermore, powered ramps integrate smoothly with vehicle systems through programmable control units and provide notification of ramp position. Leading manufacturers are focusing on developing innovative electric drive mechanisms and user-friendly controls to further augment the popularity of powered telescopic ramps.

Porter’s Analysis

Threat of new entrants: The threat of new entrants in the telescopic ramp market is low due to high capital requirements and technological expertise required to manufacture telescopic ramps.

Bargaining power of buyers: The bargaining power of buyers in the telescopic ramp market is moderate due to the availability of substitute products.

Bargaining power of suppliers: The bargaining power of suppliers in the telescopic ramp market is moderate due to the significant dependence of manufacturers on raw material supplies.

Threat of new substitutes: The threat of new substitutes in the telescopic ramp market is moderate due to the availability of alternative loading equipment.

Competitive rivalry: Competition in the telescopic ramp market is high due to the presence of numerous international and regional players.

Key Takeaways

The Global Telescopic Ramp Market Size is expected to witness high growth over the forecast period. The global telescopic ramp market is estimated to be valued at US$ 746.9 million in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030.

North America is expected to dominate the global telescopic ramp market during the forecast period owing to high demand from various end-use industries such as transportation and logistics in the region. Asia Pacific is expected to witness fastest growth in the market owing to rapid industrialization and growing warehousing industry in emerging economies such as China and India.

Key players: Key players operating in the telescopic ramp market are DanDry, Bry-Air, Drymate, DehuTech AB, Aprilaire, Therma-Stor LLC, Santa Fe Products, Surna Inc., Desert Aire Corp. DanDry is one of the leading manufacturers and supplier of telescopic ramps globally.

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