Insightful Forecast on Expansion of Global Industrial Ladder Market During 2017 - 2027
Industrial Ladder Market: Dynamics
Unlike aluminum, fiberglass provides high durability and ruggedness. It also offers low conductivity, thereby reducing the hazard of electrocution on coming in contact with high voltage power lines. The many advantages of fiberglass ladders as compared to wood or aluminum ladders is expected to drive the global industrial ladder market during the forecast period. Furthermore, the capacity and height of industrial ladders is much better than that of regular ladders used for residential purposes. Stringent government regulations such as those surrounding personnel safety and maximum height of ladders, imposed on growing and developed economies are also expected to drive the global industrial ladder market over the forecast period. Ability to move across platforms is a unique feature incorporated in industrial ladders which help them perform more efficiently work. This particular feature is likely to rein in favour of industrial ladders during the forecast period.
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Limited reach of industrial ladders is a major factor hampering the growth of global industrial ladder market over the forecast period. Furthermore, limited rescue features and unavailability of heat shield protection at the tip are some other factors that might hinder the growth of the global industrial ladder market over the forecast period.
Industrial Ladder Market: Segmentation
Global industrial ladder market can be segmented on the basis of product type, material type and application. On the basis of product type, the global industrial ladder market is segmented into square tower ladders, folding platform ladders, tiltable tower ladders and square tower ladders with shorter wheels. On the basis of material type, the global industrial ladder market is segmented into aluminum, fiberglass and steel. On the basis of application, the global industrial ladder market can be segmented into construction, mining, automotive, transportation and manufacturing.
Industrial Ladder Market: Market Participants
Some of the market participants in the global industrial ladder market are:
Industrial Steps & Ladders Pty Ltd
Jumbor Industrial Co., Ltd.
Euro Towers Ltd
KRAUSE-Werk GmbH & Co. KG
Kamsun Engineering Industries
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Industrial Ladder Market: Region-wise Outlook
Owing to the growing automotive and construction industry, the Asia Pacific industrial ladder market is expected to register high growth over the forecast period. North America and Europe industrial ladder market is estimated to account for a significant share due to the growth in the logistics & transportation industry and stringent government regulations regarding workers’ safety, which in turn, is expected to drive the global industrial ladder market during the forecast period. The growing mining and construction industry in Middle East & Africa region is expected to register significant CAGR over the forecast period. Western Europe and Latin America industrial ladder market is expected to show stagnant growth over the forecast period.
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