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Insightful Forecast on Expansion of Global Industrial Ladder Market During 2017 - 2027

03-12-2018 11:19 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Insightful Forecast on Expansion of Global Industrial Ladder

Industrial ladders are a unique kind of regular ladders and are used only for industrial purposes. They allow personnel to stand safely on them and effectively access various equipment, projects and materials. Industrial ladders come in a variety of designs and features and are used to perform both common as well unique tasks by an operator. Standard, folding, stock picker, cantilever and pivoting are some of the most commonly preferred designs and shapes in industrial ladders. Various British and European standards such as BS1129 class 1 and BS2037 class 1 are recommended for their design and performance. These heavy-duty ladders are preferred in areas where onerous conditions of storage, carriage & usage exist. BS EN 131 and BS EN 14975 designs, on the other hand, are recommended for ladders made from aluminum, steel or plastics as well as for loft ladders. An operator using a cantilever ladder can easily overcome any kind of obstacle, hindrance or hard surface by using the platform attached to the back of the ladder. Rooftop platform ladders are used when an operator needs to overcome rooftop obstacles like pipes, etc. These ladders evenly distribute weight and thus, prevent accidents while an operator is trying to climb.

Industrial Ladder Market: Dynamics

Drivers:

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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Restraints:

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:

Swastik Corporation

STRONGWELL CORPORATION

Industrial Steps & Ladders Pty Ltd

Jumbor Industrial Co., Ltd.

Lyte Ladders

LFI Ladders

Euro Towers Ltd

Stradbally Ladders

Featherlite

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.

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

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Website: www.futuremarketinsights.com

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