Loading Platforms Market Outlook - 2027
Loading platforms are fixed on single foundation columns provided with access stairs. They provide a straightforward and safe access to top of tankers and rail cars. These are designed as a reliable and easy option to ensure movement of vehicles, goods, luggage, cargo, and others. They can be integrated with a single or multiple raised platform depending on the requirement. Loading platforms have a weight carrying capacity of 10,000 kg, and ensure workers safety against falls during loading and unloading materials. These are widely adopted in industries such as construction, chemical, petroleum, automotive, shipping, and others.
COVID-19 Scenario analysis:
- COVID-19 pandemic has shut-down the production of various products in the loading platforms industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of loading platforms market significantly from last few months, as is likely to continue during 2020.
- COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year.
- The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.
- Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
- Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.
Drivers, restraints, and opportunities
Rapid industrialization paired with a surge in construction activities worldwide is a major factor that is expected to drive the growth of the loading platforms market in the upcoming years. Besides, growing demand for loading platforms from chemical, petroleum, and manufacturing industries is another key factor that can potentially fuel the growth of the loading platforms market for the next few years. Moreover, a wide range of features provided by the loading platforms such as safer operation, high weight carrying capacity, easy loading and unloading process, and more can boost the growth of the loading platforms market. However, high initial costs associated with the loading platforms is a restraining factor that can hamper the market growth. On the contrary, governments of different countries are investing heavily for infrastructural development and new construction projects that are anticipated to provide lucrative growth opportunities for the loading platforms market during the forecast period.
Trends in the loading platforms market
Huge investments for infrastructural development
Due to factors like rapid urbanization, industrialization, population, and others in emerging countries like China and India, governments of these countries are investing heavily to develop public infrastructure. Government initiatives for new infrastructural projects and the pursuit to build smart cities in these countries can significantly result in the positive growth of the construction sector. For instance, the Indian government announced $1.4 trillion for infrastructure in the Union Budget 2019-20. The money will be utilized for the development of infrastructure of transport, railways, energy and power generation projects, and more. Such huge investments for the development of infrastructure can boost the growth of the construction industry that will eventually result in the positive growth of the loading platforms market in the upcoming years.
Installation and safety services by key market players to promote worker safety
Since the major uses of loading platforms are related with heights, safety of the operator needs utmost attention. Key market players in the loading platforms market are providing safety services to ensure worker’s safety during operations on loading platforms. To cite an instance, SafeRack, an American manufacturing company provides truck and railcar loading facility installation and construction services. The services offered include collaborative designing, risk assessment, contract review, shipment inspection, installation management, material receiving, and startup & commissioning. Safety services provided by key market players promoting workers safety can increase the demand for the loading platforms during the forecast period.
Key benefits of the report:
- This study represents the analytical representation of the global loading platforms market combined with the ongoing trends and future predictions to determine investment opportunities.
- The present market is thoroughly analyzed to enlighten the loading platforms market growth.
- The report gives information regarding the important drivers, restraints, and opportunities provided with an in-depth analysis of the global loading platforms market.
- Segmentation details of the global loading platforms market.
- The report gives a comprehensive global loading platforms market analysis based on competitiveness and how the performance of the competitors will take shape in the coming years.
Loading Platforms Market Report Highlights
| Aspects | Details |
 By Type |
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 By Application |
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 By Motion type |
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 By Region |
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 Key Market Players | Cargotec Corporation, Eninter., Doka GmbH, EzyDecks, Boscaro srl, Kopron Spa., Erect Group, Gebrüder Meiser GmbH, Drägerwerk AG & Co. KGaA, Carbis Solutions |
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