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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Historic Market Outlook For Portable Loading Ramps
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.
What Are The Various Factors Driving The Portable Loading Ramps Market?
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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Which Factors May Hinder The Portable Loading Ramps Market Growth?
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.
What Is Regional Analysis Of Portable Loading Ramps Market?
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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Market Competition
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.
In May 2022, Thorworld Industries, a leading loading bay equipment manufacturer, has introduced a new 10 tonne version of the existing Type 11 Yardramp to its already extensive range of products, that support efficient loading and unloading of goods.
Scope Of The Report
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
Key Segments Profiled In The Portable Loading Ramps Market
By Product Type, Portable Loading Ramps Market is segmented as:
Hydraulic
Pneumatic
By Application, Portable Loading Ramps Market is segmented as:
Warehouse
Distribution Centres
Retail Operations
Commercial Operations
Light Industries
Heavy Industries
Others
By Capacity, Portable Loading Ramps Market is segmented as:
Upto 10,000 LBS
10,000 – 20,000 LBS
20,000 – 30,000 LBS
Above 30,000 LBS
By Region, Portable Loading Ramps Market is segmented as:
North America
Latin America
Europe
South Asia & Pacific
East Asia
Middle East & Africa
Frequently Asked Questions
What was the value of the Portable Loading Ramps market in 2021?
In 2021, the value of the Portable Loading Ramps market reached over US$ 2,042.3 Mn.
At what rate is the Portable Loading Ramps market projected to expand during the forecast period?
During the forecast period, the Portable Loading Ramps market is estimated to expand at a CAGR of 4.7% during 2022-2032.
By 2032, what will the value of the Portable Loading Ramps market?
The Portable Loading Ramps market is projected to reach US$ 3,913.0 Mn by the end of 2032.
Which region/country is set to lead the Portable Loading Ramps market?
China is projected to lead the East Asia Portable Loading Ramps market in the forecast period.
Which are the top players in the Portable Loading Ramps market?
The key players operating in the Portable Loading Ramps market are Dura-ramp, Handi-Ramp, Marshall Industrial Inc., Bluff Manufacturing and Nation Ramps.
