The
global ladder
market is expected to display higher growth rate over the next five
years. Rapid surge in ladder market is credited to the growing demand from
construction and manufacturing sector. In addition, rising commercial and
residential construction activities across the globe is expected to drive the
growth of the market over the forecast period. Globally, market is predicted to
generate massive revenue over next five years, providing numerous opportunities
for industry participants to invest in research and development of ladder
market.
Increasing
infrastructural spending by local governments, particularly in developing
economies, to promote tourism and meet public demands is expected to favor the
market growth in upcoming years. Development of fiberglass ladders also termed
as glass-reinforced plastic (GRP) ladders, offer light-weight solutions capable
of holding large weights in comparison with traditional aluminum ladders.
Fiberglass ladders are durable and consists of high tensile strength.
Fiberglass ladders are suitable for multipurpose applications.
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In
addition, fiberglass ladders offer resistance to electricity as fiberglass is a
good insulator of electricity. These factors are expected to fuel market demand
for insulated ladders or fiberglass ladders over the forecast period.
Increasing demand for industrial ladder due to the higher capacity and height
is expected to favor industry expansion over the coming years as well. In
addition, stringent government laws & reforms to ensure workers’ safety and
to regulate maximum height of ladders, majorly in Asia Pacific and North
America region is anticipated to fuel market growth over the forecast period.
The
ladder market is broadly categorized into three major segments based on the
product type such as industrial ladder, domestic ladder and commercial ladder.
Industrial ladder segment is growing rapidly in the market with substantial
revenue generation in the last few years. Growing popularity of industrial
ladder segment is attributed to the higher capacity and broader size.
The
market is divided by region as North America, Europe, Asia-Pacific, Latin
America and Africa. North America has shown major growth in recent years owing
to the rise in implementation of latest technologies, surge in number of
research & development activities in the region and existence of
well-established infrastructure. In European region, Germany, France, and
United Kingdom are projected to witness steady growth due to the increasing
adoption of ladders from commercial and industrial sector.
Market Segment:
The major manufacturers covered in this
report
•
Werner
•
Louisville Ladder
•
Little Giant Ladders
•
Jinmao
•
Carbis
•
Tubesca
•
ZhongChuang
Geographically, this report studies the
top producers and consumers, focuses on product capacity, production, value,
market share and growth opportunity in these key regions, covering
•
North America
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
On the basis of product, this report
displays the production, revenue, price, market share and growth rate of each
type, primarily split into
•
Metal Ladder
•
Wood Ladder
•
Fiberglass Ladder
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