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Telescopic Ramp is fastest growing segment fueling the growth of Telescopic Ramp market

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Niranjan Mardakar
Telescopic Ramp is fastest growing segment fueling the growth of Telescopic Ramp market

The global 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 portable or temporary ramps used for various purposes like loading and unloading. They facilitate easy access for wheelchairs, carts or other mobility equipment into ships, planes, trucks and other transportation vehicles. These ramps deploy automatically or manually and reduce lifting efforts.

Market key trends:

One of the key trends in the telescopic ramp market is the development of lightweight and compact telescopic ramps. Manufacturers are focusing on developing telescopic ramps that occupy less space for storage and transportation. For instance, Thule has introduced lightweight telescopic ramps made with aluminum that weigh only 35 pounds and can be easily carried and installed as required. Also, increasing demand for portable access ramps from event management and construction industries is expected to fuel the market growth during the forecast period. Rapid infrastructure growth and rising demand for accessibility solutions are some of the major factors propelling the demand for telescopic ramps.

Segment Analysis

The telescopic ramp market can be segmented by material, ramp type, operation, and end use. Based on material, aluminum dominates the material segment due to its light weight and high load-bearing capacity. Aluminum ramps can support loads of over 600 pounds and are lightweight for easy maneuvering.

Key Takeaways

The Global Telescopic Ramp Market Size is expected to witness high growth, exhibiting a CAGR of 6.7% over the forecast period, due to increasing demand from medical institutions and public infrastructures.

Regional analysis

North America dominates the telescopic ramp market with a share of over 35%, owing to stringent regulations regarding disability access infrastructure in the region. The Asia Pacific region is expected to grow at the fastest rate during the forecast period due to rapid urbanization and increasing senior population in 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, and Discount Ramps. Titan Ramps offers telescopic ramps up to 20 feet in length for buses, vans, and recreational vehicles. HomCom's telescopic ramps are available in widths from 24 to 48 inches and can support up to 600 pounds of weight.

Read Our More Blogs : https://www.rapidwebwire.com/telescopic-ramp-market-size-share-analysis-2023-2030/

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