Telescopic Channel Market Outlook - 2027
Telescopic channel, also known as a drawer runner is generally used in drawers, which are used for storing things. It is a small device which helps to simplify fluid motion, to maintain its easy functionality, while the drawer is closed and opened. The telescopic channel is attached with a small set of wheels which are attached to the external sides of the drawer. these drawers need telescopic channel for smooth functioning .Due to this, drawer functions smoothly. They tend to smoothen the opening and closing function of drawers. Telescopic channel are made from different materials such as aluminum, stainless steel, and plastic. There are three types of telescopic channel light duty channel , medium duty channel and heavy duty channel .The global telescopic channel market is expected to grow at a rapid pace over the forecast period, owing to increased demand for telescopic channel in the residential and commercial sector.
Covid -19 impact on industry -
COVID-19 pandemic has shut-down the production of various products in the telescopic channel market industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of telescopic channel 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
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
The main purpose of telescopic channel is used in draw opening and closing for maintaining its motion. this increasing demand becomes their growth factor but high prices of steel are prohibiting their growth in market.
- Increasing usage of various machines
The increasing usage of ATM machines, gaming machines, ticket machines, and food and drink dispensing equipment, which require telescopic channel are expected to drive the demand for telescopic channel in the forthcoming years. Growing investment opportunity, especially in developing countries such as China and India, is estimated to boost the telescopic channel market in the coming years.as of now, demand of upgraded machine and equipment are high , so one with all required features will definitely be in demand and its going to be driving factor for the market.
Increasing consumer preference of new designs
The growing demand for telescopic channel from the residential sector due to the increasing consumer preference to design modular kitchens coupled with rising disposable income of consumers is expected to increase the telescopic channel/runner market.as demand for luxurious outlooks is increasing. Premium furniture is seeing increasing demand since purchasing power of consumers is rising together with economic growth. thus, rise in demand for premium furniture is expected to boost the demand for telescopic channel in the residential, commercial, and industrial sector across the globe. but there is restraining factor that is prohibiting the growth of their market that is rise in uncertainty of steel prices which is the primary raw material used in manufacturing telescopic channel , that is essential in this manufacturing is expected to hinder the global telescopic channel market in the next few years.
Key benefits of the report:
- This study presents the analytical depiction of the telescopic channel market along with the current trends and future estimations to determine the future of the market
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the telescopic channel market share.
- The current market is quantitatively analyzed to telescopic channel market growth scenario.
Telescopic Channel Market Report Highlights
By Product Type
By Mounting type
Key Market Players
Guangdong Taiming Metal Products Co., LTD, Formenti e Giovenzana SpA, Grass, Accuride International Inc., Guangdong Saca Precision Manufacturing Co., Ltd., King Slide Works Co., Ltd., Hettich Holding GmbH & Co. oHG, Blum Inc.