The Global Telescopic Ramp Market Growth Accelerated By Rising Safety Concerns

 

Telescopic ramps are portable vehicle access solutions that provide flexible load transportation interfaces for loading and unloading cargo on trucks, containers, and other transport vehicles. They help reduce physical strain, prevent workplace injuries, and increase workplace safety. Telescopic ramps find widespread applications in logistics, shipping, aviation, manufacturing, and other industries that require repetitive loading and unloading operations.

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:
Demand for telescopic ramps has grown significantly in recent years due to stringent workplace safety regulations and rising awareness about employee safety. The deployment of telescopic ramps helps reduce manual lifting injuries and back strain caused due to repeated lifting and lowering operations during cargo handling. They provide operators with an ergonomic load interface that requires minimal physical exertion. Additionally, recent product innovations including upgraded materials, reinforced construction, load capacity indicators, and powered actuation systems have further enhanced the usability and load handling efficiency of telescopic ramps. Manufacturers are also leveraging advanced technologies such as IoT sensors and cloud connectivity to integrate predictive maintenance capabilities and remote monitoring of ramp usage. Growing investments towards modernizing logistics infrastructure and prioritizing workplace safety are expected to continue fueling demand for telescopic ramps worldwide over the forecast period.

Segment Analysis
The global telescopic ramp market is dominated by the hydraulic segment which accounted for around 58% share of the overall market in 2022. Hydraulic telescopic ramps are more durable and offer easy operations compared to manual ramps. They provide safety and convenience of operation through their powered mechanisms. This has resulted in their higher preference over manual telescopic ramps across various applications.

Key Takeaways
The Global Telescopic Ramp Market Size is expected to witness high growth over the forecast period of 2023 to 2030. 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.

Regional analysis showed that Asia Pacific region currently dominates the market and is expected to remain the fastest growing as well as the largest market during the forecast period. China, India, and Japan collectively account for nearly 50% of the global market owing to rapid industrialization and development of infrastructure in these countries.

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. Growing demand for durable and lightweight telescopic ramps from industries such as automotive, aerospace, marine and rail transports is encouraging innovation and new product launches by these key manufacturers.

For More Insights, Read: https://www.newswirestats.com/telescopic-ramp-market-demand-growth-and-regional-outlook-by-2030/