The global ladder market size is expected to grow from $1.89 billion in 2021 to $2.02 billion in 2022 at a compound annual growth rate (CAGR) of 6.7%. The global ladder market size is then expected to grow to $2.38 billion in 2026 at a CAGR of 4.2%.
What is the Global Ladder Market?
The ladder market consists of sales of ladders by entities (organizations, sole traders, and partnerships) that refer to a piece of climbing equipment consisting of a sequence of bars or steps between two upright pieces of wood, metal, or rope used for ascending or descending anything. A ladder is a series of rungs or stairs that can be either straight or slanted. Ladders rest against a vertical surface, such as a wall, and rope ladders hang from the ceiling. The vertical components of a ladder are stringers, rails, and stiles. Ladders are mainly movable; however, some are permanently affixed to structures. They are frequently made of metal, wood, or fiberglass, but they have also been made of tough plastic.
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What drives the Global Ladder Market?
The increasing demand for fire escape ladders is projected to propel the growth of the ladder market going forward. Fire escape ladders are portable fitted fire escape devices. Portable fitted fire escape ladders are a type of portable fitted fire escape apparatus. The emergency ladder is simple to set up and use. It's small enough to carry around in an emergency, and it is simple and safe to link it up to the window to get out of the house as quickly as possible. The growing number of residential fire instances has increased the demand for fire escape ladders. For instance, according to the National Fire Protection Association (NFPA), municipal fire departments in the United States reacted to 1.4 million fires in 2020. These fires killed 3,500 civilians and injured 15,200 others. The cost of property destruction was estimated to be around $21.9 billion. Therefore, the increasing demand for fire escape ladders will drive the growth of the ladder market.
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Global Ladder Market Segments
The global ladder market is segmented:
By Product: Step Ladders, Step Stools, Extension Ladder, Folding Ladder, Platform Ladder, Others
By Material: Aluminum, Fiberglass, Steel, Wood
By End-Use Industry: Domestic, Commercial, Industrial
By Geography: The regions covered in the ladder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Ladder Global Market Report 2022provides market size and growth forecasts for the global ladder market, global ladder market share, ladder market segments and geographies, ladder market competitive landscape including leading competitors’ revenues, profiles and market shares. The ladder market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Ladder Industry Playersinclude Werner Co, Louisville Ladder, TB Davies, Alaco Ladders, Hugo Brennenstuhl, Sagar Asia, Bauer Ladder Inc, Little Giant Ladder, Tubesca-Comabi, Lynn Ladder & Scaffolding Co. Inc., Al Jarsh Metal Section Manufacturing Co. L.L.C, Alco Aluminium Ladders Private Limited, FeatherLite Inc, Hasegawa USA Inc, LockNClimb LLC, Scaffolding Co. Inc, P.W. Platforms Inc, Jinmao, Carbis, Zhongchuang, Zarges, Zhejiang Youmay, Ruiju, Aopeng, Chuangqian, Jumbor Industrial Co. Ltd, and Gorilla Ladders. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
