Car Ramp Market Is Driven By Increasing Demand For Wheelchair Accessibility
The car ramp market includes a wide range of products like portable wheelchair ramps, lightweight folding ramps, and hydraulic wheelchair lifts that are used to help people on wheelchairs get in and out of vehicles easily and safely. Ramps provide a gentle slope for smooth and stable transfer of wheelchairs between different levels. They overcome barriers like steps with inclined surfaces that facilitate rolling access. Foldable ramps can be conveniently installed and stored as per requirement and offer independence of mobility at an affordable cost. The need for such aids is increasing tremendously due to the rising prevalence of physical disabilities globally.
The Global Car Ramp Market is estimated to be valued at US$ 1.35 Mn in 2024 and is expected to exhibit a CAGR of 10 % over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Car Ramp Market Growth are Viatris Inc., Opiant Pharmaceuticals, Akorn Operating Company LLC, Pfizer, Inc., Novartis AG, Indivior Plc., Emergent BioSolutions Inc., Amphastar Pharmaceuticals, Inc., Kern Pharma, S.L., Hikma Pharmaceuticals PLC, Mundipharma International Limited, and Kaleo, Inc. The growing awareness about accessibility measures and legal obligations has increased the demand for wheelchair ramps in public places and transport systems. Various government initiatives to provide accessibility for all and promote independent living are further driving the adoption rates. Manufacturers are expanding their operations globally to serve the growing needs in developing nations.
Market Drivers
The increasing prevalence of road accidents, medical conditions leading to paralysis or amputation has created an urgent need for wheelchair transportation and vehicle access aids. As per the World Health Organization, road crashes are now the leading cause of death for children and young adults aged 5-29 years. Stringent regulations worldwide mandating the provision of wheelchair accessibility in public transportation are expected to propel the car ramp market forward. Initiatives to improve mobility and quality of living for the disabled community will continue driving future requirements.
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