Categories: Market Research

Ladder Market Key Trends, Size, Outlook, Overview 2023-2032 | Werner Co, Louisville Ladder, TB Davies, Alaco Ladders, Hugo Brennenstuhl

The Ladder Global Market Report 2023 by The Business Research Company, provides ladder market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/ladder-global-market-report

According to The Business Research Company’s Ladder Global Market Report 2023, the global ladder market size will grow from $2.04 billion in 2022 to $2.16 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global ladder is expected to grow to $2.58 billion in 2027 at a CAGR of 4.6%.

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.

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The ladder market 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

Strategic collaborations and partnerships are shaping the ladder market. Private firms are investing in ladder companies to support their growth in the market. For instance, in January 2021, Industrial Opportunity Partners, a US-based private equity firm, announced an investment in Little Giant Ladder Systems, a US-based ladder maker. Little Giant will benefit from this cooperation with Industrial Opportunity Partners in terms of both financial and operational expertise, allowing it to expand its reach to new customers, geographies, and products. Furthermore, in February 2021, Custom Service Hardware, a US-based rolling ladder manufacturer, acquired Putnam Ladder Co., Inc., to introduce rolling ladder choices to its Quiet Glide and E-Glide ladder lines. Putnam Ladder Co., Inc., is a US-based customized rolling ladder provider.

The ladder market report table of contents includes: