According to the recent study the ladder market is projected to reach an estimated $2.0 billion by 2030from $1.2 billion in 2023, at a CAGR of 6% from 2023 to 2030. Growth in this market is primarily driven by increase in residential and commercial construction activities in Asia Pacific and North America region.Browse 152 figures / charts and 121 tables in this 253 -page report to understand trends, opportunities and forecast in 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).
Lucintel forecasts that industrial will remain the largest end use segment over the forecast period due to capacity and height of industrial ladders is much better than that of regular ladders used for residential purposes.
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Aluminum ladder will remain the largest segment over the forecast period because of low cost, and high durability.
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.
Werner Co., Louisville Ladder, Little Giant Ladder System (Wing Enterprises Inc.), Lynn Ladder & Scaffolding Co., Inc., TB Davies (Cardiff), Sagar Asia Private Limited, Al Jarsh Metal Section Manufacturing Co. L.L.C, Alco Aluminum Ladders Private Limited, Tri-Arc, Bauer Corporation are the major suppliers in the ladder market.
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Lucintel
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Email: [email protected]
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