The global aluminum ladder market is expected to reach the market value of around $900 million by 2025 and is anticipated to grow at a CAGR of around 7% in terms of revenue during the forecast period 2018 - 2025.
Aluminum ladders are ladders built from aluminum and ladder is a set of rungs or steps that are vertical or inclined. Aluminum ladders are durable, resistant to weather and light. Various types of aluminum ladders include extension ladders, step ladders, straight ladders, telescoping ladders, platform ladders, and folding ladders among others. These ladders are widely used for domestic, commercial, and industrial purposes. The application of aluminum ladders is essential at various extremes in almost all end used industry. In order to ensure safety and standardize for raw material and finished product the government updated the aluminum regulation and norms frequently. The fulfillment of the mechanical resistance, technical characteristics and stability of the product are essential requirements mandated by the different regulatory bodies. For instance, the most long-standing British standard is BS2037, which applies to aluminum steps and ladders.
Globally, the demand for aluminum ladder has steeply risen with booming automobile and construction industries. Residential and commercial constructions are on rise due to elevating spending capacity and strengthening financial condition. Aluminum ladders are preferred over wood, steel and iron ladders owing to associated advantages of aluminum ladders. Aluminum ladders being durable and cost-effective are widely used in household and at commercial level. Over the last few decades, the ladder market has considerably grown both in terms of product development and usage. Availability of diversified aluminum products empowers the allied industry stakeholders with better and economical solutions. Yet, the industry faces several challenges in terms of new product development, product approval and standardization. Besides, the aluminum industry is influenced by the upsurge in population, consumer awareness, changing consumer lifestyle & preferences, urbanization, and development in economy that drives the demand for related products. This has flagged the rise in disposable income of consumers and the aptitude to purchase new products. Such factors will drive the demand for aluminum ladders in the global market. The increase in the demand for aluminum would ultimately drive the aluminum ladders market. Advancement in technology and economies of scale process has enabled the use of aluminum ladder in wide range of applications thereby lowering the production cost.
Most consumers want their ladders to be as powerful as possible and due to a high degree of tensile strength; aluminum has a superior weight-to-strength ratio. This can vary between 200MPa and 600 Pa. MPa is a measure of how much stress the material can withstand without having to stretch, rupture, break or fail. The pine wood has 37MPa to 45MPa. This means that aluminum has superior strength and, due to its density and lightweight, is usually preferred over steel. Leaning or lean-to ladders are popular on upper stories with homeowners for outdoor work such as painting or washing windows. Consumers can buy aluminum ladders with rubber feet, stabilizing bars, locking clamps and even step platforms for extra height stability for extra safety and stability. Some aluminum step ladders have extra-wide rungs or steps which make it easy to climb the ladder. Aluminum roof ladders are designed to provide safe access with curved bars at the top that can hook onto the roof.
Step ladders are also known as A-frame ladders and are available according to consumer’s requirements in different sizes and other specifications. Step ladders are the most common ladders in aluminum ladders they are known for their sturdy, and high quality It features broad treads for stability and generally folds together for easy storage. Widely it is used in indoors to make it possible to achieve difficult storage space or to repair or repair strange jobs around the house. Aluminum straight ladders are simple and have a fixed height, according to consumer requirements. These are not used with an escort or attached to a regular surface, for instance, fire trucks, rooftops, etc. Extension ladders are type of ladders that provide the consumer with height adjustment. While working on a platform tower, they are neither comfortable nor safe. It is typically available in 2 or 3 sections of 6-7 meter long length. These ladders reach the sides of the home for painting or maintenance of roofs and are maintained for support against walls or other sturdy surfaces. The legs of the ladder have adjustable pads for ground contact. Unlike the wide step ladder treads, the rungs of many extension ladders are usually square or D-rung. When working with extension ladders, it is important to wear proper footwear as the rungs can become oily or wet over time. Other types of ladder include a combination of two or more ladder type that offers multiple benefits from painting to scaffolding.
The aluminum ladder is mostly used in domestic, commercial and industrial. In 2017, commercial segment held the largest market share due to rising demand in urbanization, industrialization and migration of people from rural area to urban will boost the demand for commercial segment in the forecast period. They are used in repairing business, shops, electricity firms, stores, and other such commercial applications. Domestic ladders are used to get things above regular consumer heights and are also used for several household activities, such as cleaning, whitewash and other daily tasks all around the house. Industrial ladders are exceptionally regular ladders that are only used for industrial applications. Aluminum ladder allow workers to place themselves safely and to access diverse equipment, projects and materials effectively. Industrial ladders have a variety of designs and features that are used by an operator to accomplish both common and unique tasks. These ladders distributed evenly weight so that accidents could be prevented during a climbing operator.
The market research study on “Aluminum Ladder Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2025” offers a detailed insights on the global aluminum ladder market entailing dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global aluminum ladder market, its product, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global aluminum ladder market size and volume, and segment market by type, application, and geography along with the information on companies operating in the market. The aluminum ladder market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, South America, and MEA followed by major countries. For each region, the market size and volume for different segments has been covered under the scope of report. The top players cover Werner, Louisville Ladder, Little Giant Ladders, Featherlite and Bauer Corporation etc., which are playing important roles in global aluminum ladders market.
In 2017, Asia-Pacific was the largest aluminum ladder market. Due to increased investments in infrastructure and construction sectors, as the region has high potential. Developed Asia-Pacific countries like Japan, South Korea, and Australia experienced a 2% increase in investment in construction. The major investment expenses were consumed by residential construction. Furthermore, an increase in foreign trade is expected to boost demand for aluminum stairs for office space in trade buildings in developing countries such as India and China. Europe is the second largest market for aluminum ladders. The region's growth on the aluminum market is driven by the progress in construction and automotive industries. Construction sectors that promote market growth are the house holding, infrastructure, office and industries. Associations of the European Union have set a regulatory framework for safety during use of aluminum ladder. Strict standards for aluminum ladder production interrupt the growth of the market. Owing to wide application in the automotive sector, North America holds a significant share in the aluminum ladder market. In designing light and heavy vehicles, aluminum ladder are used. Furthermore, the high expenditure capacity in North America fuels the construction industry and supports the aluminum ladder market growth. The shift in lifestyle and rising allied industries of aluminum ladders is increasing demand for aluminum ladders in the region. Currently, the market of aluminum ladder is limited due to low investments in infrastructure construction and restricted coverage of automobile industry. In addition, lower awareness and economic constraints limit the growth of the market. The Aluminum ladder market in the Middle East and Africa is small even though the presence of a significant rise in spending capacity. This is due to the unrest in the region's political and security scenario. In addition, the lack of well-established ladder-related distribution channels increases the overall costs of the related industries, which in turn negatively impacts overall ladder adoption in the country.
The global aluminum ladder market is segmented as below:
Market By Product
Market By Application
Market By Geography