Market News
Recent Developments
New product launches
- Champion Bus, Inc.- a bus manufacturer, launched its new Terra-Step 2.0 telescopic ramp in 2022. The Terra-Step 2.0 is a lightweight and durable ramp that is designed for use in buses and other commercial vehicles. It is also equipped with a number of safety features, such as a built-in anti-tip system and a safety chain.
- PSV Ramps– transport system company launched its new PowerGlide telescopic ramp in 2022. The PowerGlide is a fully electric ramp that is designed for use in buses and other commercial vehicles. It is also equipped with a number of features that make it easy to use, such as a remote control and a built-in safety sensor.
- MAFELEC launched its new Easy-Ramp telescopic ramp in 2022. The Easy-Ramp is a lightweight and portable ramp that is designed for use in passenger cars and light trucks. It is also equipped with a number of features that make it easy to use, such as a folding design and a built-in safety chain.
Acquisition and partnerships
- In 2022, PSV Ramps acquired Companion Ramps. Companion Ramps is a leading manufacturer of telescopic ramps for RVs and commercial vehicles. The acquisition will allow PSV Ramps to expand its product portfolio and reach a wider customer base.
- In 2021, Champion Bus, Inc. - a bus manufacturer acquired MAFELEC. MAFELEC is a leading manufacturer of telescopic ramps for buses and coaches. The acquisition will allow Champion Bus, Inc. to expand its product portfolio and become a one-stop shop for bus and coach accessibility solutions.
- In 2020, Calmo Inc. - manufactures wheelchair access ramps, partnered with Xinfa Airport Equipment Ltd. Xinfa Airport Equipment Ltd. is a leading manufacturer of telescopic ramps for airports. The partnership will allow Calmo Inc. to expand its distribution network and reach a wider customer base in the airport market.