by Telescopic ramps are portable ramps that are used for loading and unloading of goods, vehicles and other cargo. They help safely transport cargo within warehouses, across docks and between platforms of unequal height. The growing logistics and transportation industry has propelled the need for easy transportation of goods which has increased the demand for telescopic ramps.
The global Telescopic Ramp Market is estimated to be valued at US$ 746.9 Mn in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Growing Logistics Industry Driving Demand for Telescopic Ramps
The exponential growth of the logistics industry across the globe is one of the major trends boosting the demand for telescopic ramps. As the logistics industry handles a massive volume of goods and cargo on a daily basis, telescopic ramps help make cargo handling smoother and safer. Their portable and adjustable design allows easy loading and unloading of different sized vehicles and movement of goods across uneven surfaces. Moreover, they save both time and money for logistics companies by facilitating speedy transportation of cargo. This has driven several logistics companies to increasingly adopt telescopic ramps.
SWOT Analysis
Strength: Telescopic ramps provide easy and convenient access to cargo hold areas of aircraft without requiring ground support equipment. They are lightweight portable tunnel-like devices that enable passengers with reduced mobility to board and disembark aircraft independently.
Weakness: High initial investment costs associated with procurement and installation of telescopic ramps. Maintenance and repair costs further add to the operating expenses of airlines.
Opportunity: Growing global air passenger traffic is driving the need for improving accessibility facilities at airports. Stringent regulations mandating accessibility standards for passengers is creating demand for telescopic ramps.
Threats: Availability of alternative boarding assistance methods like elevating platforms and boarding bridges poses competition to telescopic ramps. Economic slowdowns negatively impact passenger air travel and airline profits available for investments in new boarding equipment.
Key Takeaways
The Global Telescopic Ramp Market Size is expected to witness high growth over the forecast period supported by increasing preference of airlines to offer independent boarding experience to passengers with reduced mobility. The global Telescopic Ramp Market is estimated to be valued at US$ 746.9 Mn in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023 to 2030.
The Asia Pacific region currently dominates the market and is anticipated to maintain its lead through 2030 with China, India and Southeast Asian countries expected to be major growth contributors supported by expanding international air connectivity and rising disposable incomes.
Key players operating in the telescopic ramp market are Akzo Nobel N.V., The Sherwin-Williams Co., Axalta Coating Systems, Weilburger Coatings GmbH, Hempel A/S, HSH Railway Finishes, PPG Industries, Inc., HELIOS, Teknos Group, and Nipsea Group. Major players are focusing on product innovation and development to offer lightweight yet sturdy telescopic ramp systems tailored as per evolving aircraft models and airport infrastructure. Contractual agreements with airliners are helping them strengthen market presence globally.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
