According to Future Market Insights research, during the projected period, the global portable loading ramps market is set to enjoy a valuation of US$ 2,472.0 Mn in 2022, and further expand at a CAGR of 4.7% during 2022-2032. The sales of portable loading ramps are estimated to propel with the top 3 countries projected to hold approximately 28-30% of the market by the end of 2022.
| Attributes | Details |
|---|---|
| Market Size (2021) | US$ 2,042.3 Million |
| Market Size 2022 | US$ 2,472.0 Million |
| Market Size 2032 | US$ 3,913.0 Million |
| Value CAGR (2022 to 2032) | 4.7% |
Forklifts, rail cars, containers, and tractor-trailers can load or unload goods or commodities by using portable loading ramps to level surfaces or bridge the vertical difference between them. A few advantages of portable loading ramps include simple access to reefers, trailer-vans, and containers on step decks, flatbeds, and chassis at varying heights.
They also include a steel serrated bar grating surface for the best grip in any weather and removable rub rails that provide users the option to connect many platforms or ramps together at once.
The growing penetration of oil & gas industry, aluminium & steel manufacturing companies, and construction industry is expected to drive the global portable loading ramps market during the estimate period. A new forecast by FMI analysts estimates that portable loading ramp sales will increase during 2022–2032 and is predicted to create a growth opportunity of US$ 1,441.0 Mn.
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The analysis of portable loading ramps demand from 2017 to 2021 showed a historical growth rate of less than 3.4% CAGR, with the general expansion of the e-commerce and logistics industry, which has driven the growth of the targeted market during the historical period of 2017 to 2021.
Initial recessionary downturns were brought on by the COVID-19 pandemic in the form of lower sales and usage of portable loading ramps. The supply chain of the targeted market is also impacted by the government limitations and the restricted lockdown. These indicators point to a decline in portable loading ramps sales in 2020.
Retail businesses, warehousing, distribution centres, airports, commercial activities, repair shops, and light and heavy industries are a few places where portable loading ramps are widely used.
The advantages provided by portable loading ramps, such as little to no downtime, maintenance-free mobile ramp designs, rapid and efficient installation, and quick set-up, can be attributed to their wide range of uses. As a result, FMI’s portable loading ramp demand projection predicts a CAGR of 4.7% by 2032.
Portable loading ramps are far more cost-effective than regular ramps and improve the overall efficiency of any warehouse setting. They also offer a higher level of safety and convenience than standard ramps. Additionally, portable loading ramps provide simple storage, transit, and ideal locations within and outside the building with height modifications.
Additionally, because a single piece of equipment may be used in multiple places as opposed to buying separate ramps for each location, portable loading ramps can cut expenses. Also, semi-skilled labour is needed to operate these trucks due to their ease of movement and use of portable loading ramps. These elements aid in reducing the amount of time needed for loading and unloading.
The use of portable loading ramps is anticipated to increase with the expansion of the industrial manufacturing sector (production of heavy machinery, cars, and heavy electrical & electronic items), which is anticipated to have a beneficial effect on the portable loading ramp market.
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Portable loading ramps have, however been replaced rather infrequently due to their low maintenance needs and extended lifespan (20 to 25 years). Strong partnerships between suppliers and distributors may also lead to the use of shared warehouses, which could lead to a decrease in the number of warehouses and fulfilment centres.
These elements could restrict the market's expansion for portable loading ramps worldwide. Additionally, it is predicted that during the forecast period, the rising trend of renting portable loading ramps in emerging nations will restrain the market's expansion.
Geographically, the market is sub-segmented into six regions, namely North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East and Africa. China and Japan are the largest consumers of portable loading in the East Asia region. Among all these countries, China and Japan, collectively accounted for 16 to 18% of the total portable loading ramp market in 2021.
Asia-Pacific is anticipated to see an increase in the number of new distribution centers, warehouses, and retail centres, among other things, which is expected to drive the growth of the global portable loading ramps market in the region. This is due to growth in the automotive and construction industries in nations like India, ASEAN, China, and Japan.
Due to the strict government regulations set forth by the European Commission for material handling, Europe is predicted to hold a leading share of the global market for portable loading ramps.
The existence of a sizable retail sector, production facilities of well-known automakers, and warehouses of automotive component suppliers are a few of the reasons influencing the region's significant participation in the global market for portable loading ramps over the projection period.
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Key players operating in the portable loading ramps market include Dura-ramp, Handi-Ramp, Marshall Industrial Inc., Bluff Manufacturing, Nation Ramps, DOCKZILLA CO., TVH Group NV, Thorworld Industries Ltd., Altam and Quality Material Handling, Inc.
By establishing new manufacturing units in the targeted market, the major players in the worldwide market are concentrating on increasing their capacities and resources to fulfil the rising demand for portable loading ramps.
The major players are also implementing joint venture and collaboration strategies to expand their visibility and assets.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.7% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Units and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Product Type, Application, Capacity, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East and Africa |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, UK, France, Italy, Spain, BENELUX, Russia, China, Japan, South Korea, India, ANEAN, Australia and New Zealand, GCC Countries, South Africa, Northern Africa, Turkey |
| Key Companies Profiled | Dura-ramp; Handi-Ramp; Marshall Industrial Inc.; Bluff Manufacturing; Nation Ramps; DOCKZILLA CO.; TVH Group NV; Thorworld Industries Ltd.; Altam; Quality Material Handling, Inc. |
| Customization & Pricing | Available upon Request |
In 2021, the value of the Portable Loading Ramps market reached over US$ 2,042.3 Mn.
During the forecast period, the Portable Loading Ramps market is estimated to expand at a CAGR of 4.7% during 2022-2032.
The Portable Loading Ramps market is projected to reach US$ 3,913.0 Mn by the end of 2032.
China is projected to lead the East Asia Portable Loading Ramps market in the forecast period.
The key players operating in the Portable Loading Ramps market are Dura-ramp, Handi-Ramp, Marshall Industrial Inc., Bluff Manufacturing and Nation Ramps.
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