Telescopic ramps are portable wheeled ramps used to provide easy access for wheelchairs, walkers, and strollers to enter vehicles and buildings safely. They are made of lightweight yet durable materials like aluminum that allows users to extend or retract the ramp with ease. Telescopic ramps offer a non-slip, smooth surface to roll assistive devices over steps, curbs, and other barriers. Due to increased mobility issues among elderly population, there is rising demand for accessibility products like telescopic ramps that can facilitate independence.

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 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Growing geriatric population prone to age-related mobility issues and chronic diseases is a prime factor driving the demand for telescopic ramps. It is estimated that number of people aged 65 years and above will reach 1.5 billion globally by 2050. This will create an enormous need for mobility aids and accessibility solutions. With rise in number of older adults aspiring for independent living, adoption of products like telescopic ramps that provides hassle-free access will surge significantly. Intensifying efforts by governments worldwide to make public infrastructure disability compliant as per Americans with Disabilities Act (ADA) and Accessibility for Ontarians with Disabilities Act (AODA) will further supplement the telescopic ramp market growth over the forecast period.

Porter’s Analysis

Threat of new entrants: New entrants face high initial costs for manufacturing and production facilities which act as a barrier. Bargaining power of buyers: Individual buyers have low bargaining power due to availability of several substitutes but institutional buyers have moderate power.

Bargaining power of suppliers: Presence of numerous component suppliers limits the power of individual suppliers.

Threat of new substitutes: Substitutes like permanent wheelchair ramps and lifts pose limited threat due to higher costs.

Competitive rivalry: The market has numerous players leading to high competition.

Key Takeaways

The Global Telescopic Ramp Market Analysis is expected to witness high growth, exhibiting CAGR of 6.7% over the forecast period, due to increasing demand from healthcare and transportation sectors.

Regional analysis: North America dominates the market with largest market share owing to rising population with disabilities in the US and Canada. Asia Pacific exhibits fastest growth due to growing healthcare infrastructure in developing countries like China and India.

Key players operating in the Telescopic Ramp Market are Prairie View Industries, EZ-ACCESS, Roll-A-Ramp, SafePath Products, PVI Ramps (Handi-Ramp), Bridjit Curb Ramps, HomCom (Aosom LLC), Titan Ramps, Bluff Manufacturing, National Ramp, Handicare Group AB, Tri-Boro Construction Supplies, Vestil Manufacturing, Ruedamann Official Store, Discount Ramps. Key players focus on product innovation and partnership strategies to expand business.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it