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Ladder Market Trends and Forecast

The future of the global ladder product market looks promising with opportunities in domestic, commercial, and industrial end uses. The global ladder market is expected to reach an estimated $2 billion by 2030 with a CAGR of 6% from 2023 to 2030.  The major drivers for growth in this market are increase in residential and commercial construction activities.  The major drivers for growth in this market are increase in residential and commercial construction activities in Asia Pacific and North America region.
  • Lucintel forecasts that industrial will remain the largest end use segment over the forecast period due to capacity and height of industrial ladders is much better than that of regular ladders used for residential purposes.
  • Aluminum ladder will remain the largest segment over the forecast period because of low cost, and high durability.
  • Asia Pacific is expected to remain the largest region over the forecast period due to tremendous economic growth in China and India, growth in construction sector, new regulation towards workers safety.