Ladder Market Key Players, Trends, Growth Opportunities and
Industry Forecast till 2025
“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.”
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.
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.
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