Global Ladder Market 2019-2023 - Key vendors are FeatherLite, Louisville Ladder, P.W. Platforms, TB Davies (Cardiff) & Werner - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 31, 2019--
The “Global Ladder Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The ladder market will register a CAGR of almost 6% by 2023.
The growth of end-user industries is one of the critical factors that will trigger the growth of the market during the forecast period. The industrial and commercial sectors are the key end-users of ladders. Ladders are used in almost all commercial and industrial establishments for a variety of applications.
Therefore, the growth of industrial and commercial end-users will increase the demand for ladders across the world. The need for ladders from the food and beverages industry is stable as ladders are used for storage in warehouses and various other applications. The use of several additional services to operate warehouses such as cold storage infrastructure, warehouse facilities, and container rail yards will increase. The outsourcing of warehouse activities had also grown in the past five years. The process, access, and retrieval of goods in warehouses require efficient tools such as ladders. Thus, the growth of end-user industries is expected to increase the demand for ladders during the forecast period.
Growth of the housing market
The domestic segment is the second-largest revenue contributing application segment of the global ladder market. Therefore, the growth in the number of residences will increase the demand for ladders. Extension ladders, single ladders, and standard stepladders are used in domestic applications. The growth of the global housing market is expected to increase the demand for household products such as ladders during the forecast period.
Fluctuations in cost and shortage of high-quality raw materials
Wood is the most commonly used raw material to manufacture ladders as 40%-50% of all ladders are made of timber. However, there is a supply-demand imbalance of wood, which increases the cost of manufacturing ladders. Voluntary measures have been introduced across the world to curb the illegal harvesting of wood. Such a shortage of high-quality timber will affect the global ladders market during the forecast period. The cost of other raw materials used to manufacture ladders, such as steel, plastic, textile, wood particleboard, and cartons is continually fluctuating. The fluctuating value of such raw materials will affect the growth of the global ladder market during the forecast period.
The market appears to be highly fragmented. The presence of several companies, including FeatherLite Inc. and Louisville Ladder Inc., the competitive environment is quite intense. Factors such as the growth of the housing market and end-user industries will assist ladder manufacturers.
P.W. Platforms Inc., TB Davies (Cardiff) Ltd., and Werner Co. are some of the major companies covered in this report.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market overview
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- Industrial - Market size and forecast 2018-2023
- Domestic - Market size and forecast 2018-2023
- Commercial - Market size and forecast 2018-2023
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Growth in demand for domestic ladders through online distribution channel
- Increase in adoption of sustainable product manufacturing by vendors
- Product innovation and portfolio expansion
- Other trends
PART 12: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- FeatherLite Inc.
- Louisville Ladder Inc.
- P.W. Platforms Inc.
- TB Davies (Cardiff) Ltd.
- Werner Co.
For more information about this report visit https://www.researchandmarkets.com/r/ronu21
View source version on businesswire.com:https://www.businesswire.com/news/home/20190531005374/en/
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Related Topics:Cranes and Lifting Equipment
INDUSTRY KEYWORD: HOME GOODS MANUFACTURING OTHER MANUFACTURING RETAIL
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 05/31/2019 10:02 AM/DISC: 05/31/2019 10:02 AM