Ladder Market by Application and Geography - Forecast and Analysis 2020-2024
- Published: Sep 2021
- Pages: 120
- SKU: IRTNTR40564
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The market share is expected to increase by USD 1.19 billion from 2019 to 2024, and the market's growth momentum will accelerate at a CAGR of 5.27%.
This market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (industrial, domestic, and commercial), end User, and geography (APAC, Europe, North America, and South America). The market report also offers information on several market vendors, including Alaco Ladder Inc., Alco Aluminium Ladders Pvt. Ltd., FeatherLite Inc., Hasegawa Kogyo Co. Ltd., LockNClimb LLC, Louisville Ladder Inc., Lynn Ladder & Scaffolding Co. Inc., P.W. Platforms Inc., TB Davies (Cardiff) Ltd., and WernerCo among others.
What will the Market Size be During the Forecast Period?
Download the Free Report Sample to Unlock the Market Size for the Forecast Period and Other Important Statistics
Market: Key Drivers, Trends, and Challenges
The growth of the housing market is notably driving the market growth, although factors such as intense competition may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Ladder Market Driver
The growth of the housing market is a key driving factor impacting the global ladder market growth. Domestic 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 global housing market grew significantly between 2013 and 2020. The growth of the global housing market was driven by the high sales of modern residential dwellings and improvements in economic conditions and consumer spending power. Moreover, investments in the housing market in the US mostly ensue from the rising demand for single-family units. Moreover, in many developing countries, such as China, Brazil, and India, rapid urbanization has increased the demand for new housing projects as people migrate to urban locations. For instance, in August 2020, Union Minister for Housing and Urban Affairs in India announced the Affordable Rental Housing Complex (ARHC) scheme for urban migrants. The growth of the global housing market is expected to increase the demand for household products such as ladders during the forecast period.
Key Ladder Market Trend
Growth in demand for domestic ladders through the online distribution channels will be a key trending factor impacting the global ladder market growth. The growth of the online retail sales channel and the adoption of the multichannel business model have fueled the market. Certain vendors, such as Werner, sell their products through physical stores and online portals. The online channel widens the visibility of the products, which, together with the availability of a wide product portfolio, contributes to the growth of the online retail channel. The success of online retailing can be attributed to customer reach and cost-cutting in inventory management. Though the online segment accounts for a lower percentage of the global ladder market, it is expected to register faster growth in comparison with the offline segment. The increasing Internet penetration, growth in the adoption of mobile Internet devices, and rising consumer awareness contribute to the growth of online sales of household products. Such factors will increase the market growth during the forecast period.
Key Ladder Market Challenge
Intense competition is a key challenge negatively impacting the global ladder market growth. Vendors make significant investments in R&D to introduce a wide range of ladders that are suitable for different applications. The regional and local vendors compete to market narrow product lines in a specific region. The use of mobility vehicles such as forklift vehicles, especially in warehouses and other applications, instead of ladders for access, particularly in developing countries, is another major challenge for vendors operating in the global ladders market. Small manufacturers in end-user industries avoid spending on good-quality ladders and support equipment and opt for affordable substitutes or counterfeit products. The adoption of traditional, substitute, or counterfeit products intensifies competition. It forces the vendors to reduce the cost of their ladders to compete against each other. Therefore, it reduces their profit margins, which is a key price challenge for manufacturers operating in the global ladder market.
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.
Parent Market Analysis
Technavio categorizes the global ladder market as a part of the global home furnishings market within the global household durables industry. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.
Who are the Major Market Vendors?
The report analyzes the global home furnishings market within the global household durables industry market's competitive landscape and offers information on several market vendors, including:
- Alaco Ladder Inc.
- Alco Aluminium Ladders Pvt. Ltd.
- FeatherLite Inc.
- Hasegawa Kogyo Co. Ltd.
- LockNClimb LLC
- Louisville Ladder Inc.
- Lynn Ladder & Scaffolding Co. Inc.
- P.W. Platforms Inc.
- TB Davies (Cardiff) Ltd.
This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying growth strategies such as improving the R&D operations, and focusing on differentiating their product offerings to compete in the market.
Product Insights and News
FeatherLite Inc. - The company offers ladders such as step ladders, cross step ladders, extension ladders, multipurpose ladders, and its accessories.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global home furnishings market within the global household durables industry market includes the following core components:
- Inbound logistics
- Outbound logistics
- Marketing and sales
- Support activities
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Which are the Key Regions for the Market?
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50% of the market's growth will originate from APAC during the forecast period. China is the key market for the market in APAC. Market growth in this region will be faster than the growth of the market in regions.
The growth of the housing market will facilitate the market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 impacted the regional ladder market negatively. Lockdowns imposed in the region caused an impact on many industries' supply chain operations, vendor operations, and product commercialization. Operations across some other manufacturing and process industries, which use ladders were severely impacted by the COVID-19 pandemic. However, as the lockdown restrictions have lifted and supply chains have resumed their operations, the gradual recovery of industrial sectors is witnessed in APAC, 2021 onwards. Governments are expected to provide stimulus to industrial sectors, which is expected to drive the regional market in focus during the forecast period.
What are the Revenue-generating Application Segments in the Market?
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The market share growth in the industrial segment will be significant during the forecast period. The rapid growth in urbanization in emerging economies, coupled with the rise in per capita income, has contributed to significant investments in the construction industry. The developments in the construction industry will subsequently provide growth opportunities to vendors operating in the global ladder market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.
Growth momentum & CAGR
Accelerate at a CAGR of 5.27%
Market growth 2020-2024
$ 1.19 billion
YoY growth (%)
APAC, Europe, North America, and South America
Performing market contribution
APAC at 50%
Key consumer countries
US, China, Japan, India, and Germany
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
Alaco Ladder Inc., Alco Aluminium Ladders Pvt. Ltd., FeatherLite Inc., Hasegawa Kogyo Co. Ltd., LockNClimb LLC, Louisville Ladder Inc., Lynn Ladder & Scaffolding Co. Inc., P.W. Platforms Inc., TB Davies (Cardiff) Ltd., and WernerCo
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
What are the Key Data Covered in this Market Report?
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive market growth during the next five years
- Precise estimation of the market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the industry across APAC, Europe, North America, and South America
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of market vendors
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1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value chain analysis: Home furnishings
3 Market Sizing
- 3.1 Market definition
- Exhibit 06: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 07: Market segments
- 3.3 Market size 2020
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 08: Global - Market size and forecast 2020 - 2025 ($ million)
- Exhibit 09: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 10: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 11: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 12: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 13: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 14: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 15: Threat of rivalry
- 4.7 Market condition
- Exhibit 16: Market condition - Five forces 2020
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 17: Application - Market share 2020-2025 (%)
- 5.2 Comparison by Application
- Exhibit 18: Comparison by Application
- 5.3 Industrial - Market size and forecast 2020-2025
- Exhibit 19: Industrial - Market size and forecast 2020-2025 ($ million)
- Exhibit 20: Industrial - Year-over-year growth 2020-2025 (%)
- 5.4 Domestic - Market size and forecast 2020-2025
- Exhibit 21: Domestic - Market size and forecast 2020-2025 ($ million)
- Exhibit 22: Domestic - Year-over-year growth 2020-2025 (%)
- 5.5 Commercial - Market size and forecast 2020-2025
- Exhibit 23: Commercial - Market size and forecast 2020-2025 ($ million)
- Exhibit 24: Commercial - Year-over-year growth 2020-2025 (%)
- 5.6 Market opportunity by Application
- Exhibit 25: Market opportunity by Application
6 Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 27: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 28: Geographic comparison
- 7.3 APAC - Market size and forecast 2020-2025
- Exhibit 29: APAC - Market size and forecast 2020-2025 ($ million)
- Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)
- 7.4 Europe - Market size and forecast 2020-2025
- Exhibit 31: Europe - Market size and forecast 2020-2025 ($ million)
- Exhibit 32: Europe - Year-over-year growth 2020-2025 (%)
- 7.5 North America - Market size and forecast 2020-2025
- Exhibit 33: North America - Market size and forecast 2020-2025 ($ million)
- Exhibit 34: North America - Year-over-year growth 2020-2025 (%)
- 7.6 South America - Market size and forecast 2020-2025
- Exhibit 35: South America - Market size and forecast 2020-2025 ($ million)
- Exhibit 36: South America - Year-over-year growth 2020-2025 (%)
- 7.7 MEA - Market size and forecast 2020-2025
- Exhibit 37: MEA - Market size and forecast 2020-2025 ($ million)
- Exhibit 38: MEA - Year-over-year growth 2020-2025 (%)
- 7.8 Key leading countries
- Exhibit 39: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 40: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- Exhibit 41: Impact of drivers and challenges
- 8.3 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- 9.3 Landscape disruption
- Exhibit 43: Landscape disruption
- Exhibit 44: Industry risks
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 45: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 46: Market positioning of vendors
- 10.3 Alaco Ladder Inc.
- Exhibit 47: Alaco Ladder Inc. - Overview
- Exhibit 48: Alaco Ladder Inc. - Product and service
- Exhibit 49: Alaco Ladder Inc. - Key offerings
- 10.4 ALCO ALUMINIUM LADDERS Pvt. Ltd.
- Exhibit 50: ALCO ALUMINIUM LADDERS Pvt. Ltd. - Overview
- Exhibit 51: ALCO ALUMINIUM LADDERS Pvt. Ltd. - Product and service
- Exhibit 52: ALCO ALUMINIUM LADDERS Pvt. Ltd. - Key offerings
- 10.5 FeatherLite Inc.
- Exhibit 53: FeatherLite Inc. - Overview
- Exhibit 54: FeatherLite Inc. - Product and service
- Exhibit 55: FeatherLite Inc. - Key offerings
- 10.6 Hasegawa USA Inc.
- Exhibit 56: Hasegawa USA Inc. - Overview
- Exhibit 57: Hasegawa USA Inc. - Product and service
- Exhibit 58: Hasegawa USA Inc. - Key offerings
- 10.7 LockNClimb LLC
- Exhibit 59: LockNClimb LLC - Overview
- Exhibit 60: LockNClimb LLC - Product and service
- Exhibit 61: LockNClimb LLC - Key offerings
- 10.8 Louisville Ladder Inc.
- Exhibit 62: Louisville Ladder Inc. - Overview
- Exhibit 63: Louisville Ladder Inc. - Product and service
- Exhibit 64: Louisville Ladder Inc. - Key offerings
- 10.9 Lynn Ladder and Scaffolding Co. Inc.
- Exhibit 65: Lynn Ladder and Scaffolding Co. Inc. - Overview
- Exhibit 66: Lynn Ladder and Scaffolding Co. Inc. - Product and service
- Exhibit 67: Lynn Ladder and Scaffolding Co. Inc. - Key offerings
- 10.10 P.W. Platforms Inc.
- Exhibit 68: P.W. Platforms Inc. - Overview
- Exhibit 69: P.W. Platforms Inc. - Product and service
- Exhibit 70: P.W. Platforms Inc. - Key offerings
- 10.11 TB Davies (Cardiff) Ltd.
- Exhibit 71: TB Davies (Cardiff) Ltd. - Overview
- Exhibit 72: TB Davies (Cardiff) Ltd. - Product and service
- Exhibit 73: TB Davies (Cardiff) Ltd. - Key news
- Exhibit 74: TB Davies (Cardiff) Ltd. - Key offerings
- 10.12 Werner Co.
- Exhibit 75: Werner Co. - Overview
- Exhibit 76: Werner Co. - Product and service
- Exhibit 77: Werner Co. - Key news
- Exhibit 78: Werner Co. - Key offerings
- 11.1 Scope of the report
- 11.2 Currency conversion rates for US$
- Exhibit 79: Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 80: Research Methodology
- Exhibit 81: Validation techniques employed for market sizing
- Exhibit 82: Information sources
- 11.4 List of abbreviations
- Exhibit 83: List of abbreviations
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
- Collation of data
- Estimation of key figures
- Analysis of derived insights
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- Growth of the housing market
- Growth in demand for domestic ladders through the online distribution channel s
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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