According to Technavio’s latest market research study, the global ladders market is expected to grow at a CAGR of close to 6% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global ladder market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application type
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The top three revenue contributing application segments are discussed below
Global industrial ladders market: Ladders are employed in various industrial activities such as manufacturing, construction, mining, automotive, transportation, and logistics. The overall growth of the industrial segment fuels the global ladder market.
“The global construction industry is witnessing a growing trend due to rapid urbanization in emerging economies. Further, the increase in per capita incomes fuels the investments made in the industry. Such developments are expected to translate to the growth of the global ladder market,” says Abhay Sinha, a lead analyst at Technavio.
Global domestic ladder market: Ladders are used extensively in domestic environments especially households. The ladders are used to reach the storage areas and heights in domestic settings. Increasing popularity of DIY activities during the forecast period is likely to propel the demand for ladders from the domestic segment.
Global commercial ladder market: Commercial applications of ladders include office spaces, retail and wholesale stores, and malls. Vendors offering ladders for warehouse applications include Werner and TB Davies.
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The top vendors operating in the global ladder market are:
- Louisville ladder
- PW Platforms
- TB Davies
- Werner
Other prominent vendors in the market include ALCO Aluminium Ladders, Bailey Ladders, Castor & Ladder, EGA Products, Featherlite, Hasegawa, LockNClimb, Moulton Ladder & Supply Company, SA LADDER, Suzhou ZhongChuang Aluminium Products, Tianjin Jinmao Group, Tri Arc, and ZARGES.
A more detailed analysis is available in the Technavio report titled, ‘Global Ladder Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Warehouse Ladders Market 2016-2020
- Global Wrapping Equipment Market 2017-2021
- Global Aerial Work Platform Truck Market 2016-2020
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