Categories: Market Research

Ladder Global Market 2024 – Latest Research, Industry Insights, Emerging Opportunities And Future Outlook By 2033

The Ladder Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Ladder Global Market Report 2024, The ladder market size has grown strongly in recent years. It will grow from $2.17 billion in 2023 to $2.29 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to industrialization impact, construction boom, home improvement trend, urbanization influence.

The ladder market size is expected to see strong growth in the next few years. It will grow to $2.9 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to safety regulations enhancement, e-commerce growth, sustainable materials adoption, urbanization and infrastructure development, DIY culture expansion. Major trends in the forecast period include customization and versatility, enhanced safety features, lightweight and portable designs, multi-functional ladders, sustainable materials usage.

The increase in 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 increasing number of residential fire incidents has increased the demand for fire escape ladders. For instance, according to the National Fire Protection Association (NFPA), in 2021, local fire departments responded to an estimated 1.35 million fires in the United States, which caused 3,800 civilian fire deaths. Therefore, the increasing demand for fire escape ladders will drive the growth of the ladder market.

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The ladder market covered in this report is segmented –

1) By Product: Step Ladders, Step Stools, Extension Ladder, Folding Ladder, Platform Ladder, Other Products

2) By Material: Aluminum, Fiberglass, Steel, Wood

3) By End Use Industry: Domestic, Commercial, Industrial

Major companies operating in the ladder market are increasing their focus on introducing innovative ladders, such as the adjustable height platform, to gain a competitive edge in the market. An adjustable height platform is a versatile piece of equipment that allows to change its working height to suit needs. For instance, in February 2022, Werner US, a US-based ladder company, launched a new product called the Adjustable & Linking Pro Platform. This ladder is an adjustable height platform that provides up to 9 feet of reach. It is lightweight, compact, and has wide-stance feet for a solid foundation. The Adjustable and Linking Pro Platform can be adjusted from 20 to 30 inches high on both sides, making it easier and safer for professionals to work on uneven surfaces and stairs. The work platform is 47 x 14 inches and offers users a larger work surface that remains compact and easy to move. Moreover, this innovative ladder features Quick Link Technology, which allows two or more platforms to be linked with no tools required.

The ladder market report table of contents includes: