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Technavio’s market research analyst predicts the global warehouse ladders market to grow moderately at a CAGR of more than 5% by 2020. An increase in the number of warehouse and other storage facilities worldwide is one of the major reasons for the growth of this market. Furthermore, the rising adoption of the PPP model in cold storage facilities and warehousing facilities will augment the use of different equipment, especially ladders, in warehouses.
The advent of fiberglass ladders will foster growth in this market during the predicted period. Fiberglass ladders or glass-reinforced plastic (GRP) ladders are lightweight, sturdy, and non-conductive to electricity. Advantages like its high strength, durability, and increased safety will promote the adoption of fiberglass ladders during the forecast period.
Technavio market research analysts have estimated the fiberglass warehouse ladders segment to be the largest market segment during the forecast period. Advantages such as its high durability coupled with its flame-resistant and weather-resistant properties will foster its adoption during the predicted period.
In this market analysis, Technavio market research analysts have estimated the APAC region to account for more than 42% of the overall market share by 2020. Increasing economic and trade activities in regions like China, India, and Japan will lead to a rise in the number of warehouses in this geography. This increase in the number of warehouses will augment the usage of warehouse ladders as they aid workers in storing goods and food items. Moreover, the introduction of stringent government initiatives for better warehousing facilities like infrastructure, technology, and taxation policies will propel market growth in this region during the estimated period.
The global warehouse ladders market is highly fragmented owing to the presence of many international, regional, and local suppliers. The market is capital-intensive and requires innovation in the design of ladders. The top five warehouse ladder manufacturers will account for more than 50% of the total market share and will grow inorganically during the forecast period.
Key vendors in this market are -
Other prominent vendors in the market include ALCO Aluminum Ladders, Bailey Ladders, Ballymore, Castor and Ladder, Cotterman, EGA Products, Featherlite Industrial Ladders, Mekins Group, Moultonladder, SA Ladder, Storage Products Group, SUMER, Sunset Ladder, Team Systems, Tri Arc, and WA Ladders.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by material
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Appendix
PART 15: Explore Technavio
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