TELESCOPIC RAMP MARKET ANALYSIS

Telescopic Ramp MarketSize and Trends

The global telescopic ramp market size is projected to reach US$ 1,272.2 Mn by 2030, from US$ 746.9 Mn in 2023, at a CAGR of 7.9% during the forecast period.

Telescopic Ramp Market Regional Insights

• North America is expected to dominate the global telescopic ramp market over the forecast period, with a share of over 30% in 2023. The North American market is experiencing growth propelled by a rising awareness of the significance of accessibility for individuals with disabilities, a surge in the popularity of Recreational Vehicles (RVs), and a growing demand for telescopic ramps in commercial vehicles.
• Europe is expected to be the second-largest market for telescopic ramps over the forecast period, with a share of over 25% in 2023. The growth of the market in Europe is driven by the similar factors as in North America, as well as the increasing government regulations on accessibility.
• Asia Pacific is expected to be the fastest-growing market for telescopic ramps over the forecast period, with a CAGR of over 7%.

Figure 1. Global Telescopic Ramp Market Share (%), by Region, 2023

Telescopic Ramp Market Trends

• Adjustable and Modular Ramps: Adjustable and modular telescopic ramps are gaining popularity due to their versatility and flexibility. These ramps can be extended or retracted to varying lengths, allowing users to adapt the ramp to different height requirements. Additionally, modular ramp systems offer the ability to create customized configurations by connecting multiple ramp sections, enabling accessibility in complex or changing environments.

For instance, Based on the 2020 Report on Consumer Accessibility Preferences published by the UK Department for Transport, over 70% of survey participants indicated that they considered adjustable length and slope to be very or extremely significant factors when selecting a ramp system.

• Enhanced Safety Features: Safety is a paramount concern in the design and use of telescopic ramps. Manufacturers are incorporating advanced safety features to enhance user confidence and prevent accidents. Non-slip surfaces, raised edges, edge guards, and high-traction coatings are some safety features being integrated into telescopic ramps. Furthermore, manufacturers are adhering to safety standards and certifications to ensure compliance and meet customer expectations.

For instance, in 2021, the U.S. Access Board issued revised guidelines mandating the inclusion of detectable warnings, edge protection on ramp surfaces, as well as safety markings and instructional elements.