Construction & Industrial

According to a new market report published by Lucintel, the future of the ladder market looks promising with opportunities in domestic, commercial, and industrial end use market. The global ladder market is expected to reach an estimated $1.3 billion by 2027 with a CAGR of 6.2% from 2021 to 2027.  The major drivers for growth in this market are increase in residential and commercial construction activities in Asia Pacific and North America region.

In this market, aluminum, fiberglass, steel, and wood are the various materials used to manufacture ladder. Lucintel forecasts that aluminum will remain the largest segment because of low cost, and highly durable. The wood is expected to witness highest growth over the forecast period.

Within the ladder market, industrial segment will remain the largest end use market over the forecast period due to capacity and height of industrial ladders is much better than that of regular ladders used for residential purposes. Domestic end use is expected to witness the highest growth over the forecast period.

Asia Pacific is expected to remain the largest region over the forecast period due to tremendous economic growth in China and India, growth in construction sector, new regulation towards workers safety will also boost the demand for ladders. ROW is expected to witness the highest growth over the forecast period.

Emerging trends, which has a direct impact on the dynamics of the industry, includes platform ladders are overtaking rung ladders in construction sites and use of high-visibility tapes on industrial ladders. Werner, Louisville Ladder, Wing, LYN-LAD, and TB Davies are among the major ladder manufacturers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global ladder market by material, end use, product type, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Ladder Market 2022-2027: 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, end use, product type, and region as follows:
























This 162-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/cng-tank-market.aspx or write us at helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:

 

Q.1 What are some of the most promising potential, high growth opportunities for the global ladder market by material (aluminum, fiberglass, steel, wood, and other), end use industry (domestic, commercial, industrial, and others), product type (step ladders, step stools, extension ladder, folding ladder, platform ladder, and others), and 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 the reasons behind them?

Q.7 What are the 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 material or product substitution?

Q.11 What M & A activities have taken place in the last 5 years in this market?