Trends, opportunities and forecast in ladder market to 2023 by material type (aluminum, fiberglass, steel, wood, and others), application (domestic, commercial, industrial and others), product type (step ladders, step stools, extension ladders, folding ladders, platform ladders, and others) and region (North America, Europe, Asia Pacific, and the Rest of the World)
According to a new market report published by Lucintel, the future of the global ladder market looks promising with opportunities in the residential/domestic, commercial, and industrial end uses. The global ladder market is expected to grow at a CAGR of 4.2% from 2018 to 2023.
The major drivers in this market are increasing urbanization and growth in residential and commercial construction activities in various regions such as North America and Asia Pacific.
Browse 98 market data tables and 134 figures spread through 186 pages and in-depth TOC on “Global Ladder Market"
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In this market, different types of ladder such as aluminum, fiberglass, steel, wood, and others are used as material type.
On the basis of comprehensive research, aluminum ladder is expected to remain the largest segment by value and volume over the forecast period because of its lower cost and higher durability. Lucintel projects that the fiberglass ladder will witness the highest growth during the forecast period due to its superior mechanical properties than other competing materials.
Within this market, ladder used for industrial applications will remain the largest end use by value and volume and it is also expected to witness the highest growth over the forecast period due to stringent government regulations regarding workers’ safety and growth in manufacturing sector.
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APAC is expected to remain the largest market by value and volume and witness the highest growth over the forecast period supported by increasing building & construction activities and growth in industrial production.
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Emerging trends, which have a direct impact on the dynamics of the ladder industry, include increasing demand for fire scape ladders and development of composites platform ladders. Werner Co, Hasegawa Kogyo, TB Davis, Louisville Ladder, Jumbor Industrial., Sagar Asia, Al Jarsh, Alco Aluminum, Wing Enterprise, and Tri Arc and others are among the major ladder manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global ladder market by material, product, application, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Ladder Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global ladder market by material, product, application, and region as follows:
By Material (Volume (Million Pounds) and $M shipment analysis for 2012 – 2023):
By End Use (Volume (Million Pounds) and $M shipment analysis for 2012 – 2023):
By Product (Volume (Million Pounds) and $M shipment analysis for 2012 – 2023):
- Step Ladders
- Extension Ladders
- Folding Ladders
- Platform Ladders
By Region [$M shipment analysis for 2012 – 2023]:
- North America
- The Rest of the World
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This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global ladder market to 2023 by material type (aluminum, fiberglass, steel, wood, and others), application (domestic, commercial, industrial and others), product type (step ladders, step stools, extension ladders, folding ladders, platform ladders, and others), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
- Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
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