The Global Telescopic Ramp Market Growth Accelerated By Increased Indoor Air Quality Demands
Telescopic ramps are retractable dock loading ramps that are deployed from vehicles during loading and unloading processes. These ramps are often hydraulic or mechanical and aid in seamless transfer of goods between trucks, warehouses, and other transport vehicles. They serve to improve productivity by reducing loading time and injuries associated with manual lifting and carrying. With growing concerns over indoor air quality stemming from factors like allergens and pollutants brought in from exterior environments, there is increased demand for telescopic ramps that enable enclosure of loading dock areas.
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 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
There is a growing demand for telescopic ramps driven by increased concerns over indoor air quality at facilities involving frequent goods movement activities. As these ramps enable enclosure of loading docks areas unlike conventional manual ramps, they help prevent entry of pollutants and allergens from outside environments into interior spaces during cargo transfer operations. This is a key factor fueling demand from end-use industries like warehousing, logistics, manufacturing. Emergence of innovative ramp designs featuring pollution control mechanisms and user-friendly automation is also augmenting their adoption across various application areas.
Segment Analysis
The global telescopic ramp market can be segmented by type, application, and geography. Based on type, the market is segmented into steel ramps and aluminum ramps. The aluminum ramps segment held the largest market share in 2022 and is expected to remain the dominating segment during the forecast period. Aluminum ramps are lightweight and durable, which makes them ideal for frequent use.
Key Takeaways
The Global Telescopic Ramp Market Size is expected to witness high growth between 2023-2030. 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 6.9% over the forecast period 2023 to 2030.
Regional analysis: North America holds the largest share of the global telescopic ramp market, accounting for around 35% share in 2022. This is attributed to growing demand from marine and logistics industries in the US and Canada. Asia Pacific is expected to witness the fastest growth during the forecast period due to rapid industrialization and growth of marine and logistics sectors in China and India.
Key players: Key players operating in the telescopic ramp market are DanDry, Bry-Air, Drymate, DehuTech AB, Aprilaire, Therma-Stor LLC, Santa Fe Products, Surna Inc. DanDry is the market leader with largest market share of over 20% in 2022 owing to its wide product portfolio and global distribution network.
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