Telescopic Ramp Market Driven By Growing Popularity Of Mobile Access Solutions
A telescopic ramp is an extendable, retractable ramp used for facilitating easy and comfortable access to places like vehicles, buildings, public spaces, etc. It provides a slope or incline to overcome level differences in a convenient and safe manner. Growing demand for mobile access solutions from various end-use sectors such as healthcare, logistics, transportation, infrastructure development, etc. is driving the adoption of telescopic ramps worldwide.
The Telescopic Ramp Market is estimated to be valued at US$ 746.9 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 Dynamics:
The growing popularity of telescopic ramps is primarily attributed to two key drivers - increasing focus on accessibility infrastructure and mobility solutions as well as rising demand from the transportation sector. Firstly, growing awareness about inclusive infrastructure is prompting the construction of barrier-free public spaces and facilities, thereby propelling the need for convenient access ramps. Secondly, several fleet owners and logistic companies are incorporating telescopic ramps into their vehicles to easily load and unload cargo, passengers with disabilities, equipment and more. In addition, ongoing infrastructure projects and real estate development activities worldwide are further boosting the sales of telescopic ramps for both commercial and residential use.
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