A telescopic ramp is a deployable ramp used for loading and unloading passengers and cargo on aircrafts and other vehicles. It features adjustable height with sliding framework consisting of multiple telescopic sections. Telescopic ramps ensure easy boarding and safe transfer of passengers including elderly, children, and people with disabilities or injuries. They reduce manual effort and risk of injuries to ground staff during airport 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 Dynamics:
Increased Adoption in Aviation Industry
One of the major factors driving the growth of the telescopic ramp market is the increased adoption of telescopic ramps in the aviation industry across the globe. Their usage ensures fast and efficient operation of ground handling services for aircrafts and reduces turnaround time. Airlines are increasingly deploying telescopic ramps at airports to enhance passenger experience and convenience. This is prompting ramp manufacturers to develop advanced telescopic ramps with improved designs catering to varied aircraft types.

Adoption in Other Transport Modes
Apart from aviation, telescopic ramps are also gaining traction in other transportation modes such as buses, railway stations, and marine vessels. They provide easy access for senior citizens, differently-abled, and passengers with luggage. The growing focus on providing barrier-free access and mobility is supporting the incorporation of telescopic ramps in public transportation infrastructure and fleet. This is anticipated to present lucrative opportunities for players in the coming years.

SWOT Analysis
Strength: Telescopic ramps are lightweight, durable and foldable which makes storage easy. They provide flexibility and accessibility for loading/unloading of heavy machinery and goods from trucks or ships. Telescopic ramps can bear heavy weights of up to 250 kg per wheel making them ideal for logistics operations.
Weakness: Telescopic ramps require regular maintenance checks to ensure safety and functionality. Improper folding can damage ramp parts. Frequent deployments increase wear and tear affecting lifespan.
Opportunity: Growing emphasis on supply chain efficiency and warehouse automation is driving demand for material handling equipment. Telescopic ramps allow faster loading/unloading for time-bound deliveries. Ramp manufacturers can offer customization, renting and repair services.
Threats: Stagnant economic conditions may reduce investments in logistics infrastructure limiting market potential. Strict safety norms increase production costs challenging price-sensitive customers.

Key Takeaways

The Global Telescopic Ramp Market Size is expected to witness high growth. 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: The Asia Pacific region currently holds the largest share of over 35% of the global telescopic ramp market owing to strong presence of manufacturing sectors and rapidly growing e-commerce in the region. China dominates the regional market due to large production capacities and supply chain networks. India is poised to witness fastest growth on back of government initiatives to promote Make in India and boost infrastructure spending.

Key players: 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. These players are focusing on new product developments, expansion in emerging markets and strategic collaborations to strengthen their market position.

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