Ladder Global Market Report 2024

The ladder market size has grown strongly in recent years. It will grow from $2.17 billion in 2023 to $2.29 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth observed in the historic period can be ascribed to the impact of industrialization, a surge in construction activities, the trend of home improvement, and the influence of urbanization.

The ladder market size is expected to see strong growth in the next few years. It will grow to $2.9 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The anticipated growth in the forecast period can be credited to the enhancement of safety regulations, the growth of e-commerce, increased adoption of sustainable materials, urbanization, and infrastructure development, as well as the expansion of the do-it-yourself (DIY) culture. Key trends expected in the forecast period encompass customization and versatility, improved safety features, lightweight and portable designs, the introduction of multi-functional ladders, and the continued usage of sustainable materials.

The surge in demand for fire escape ladders is expected to drive the expansion of the ladder market in the future. Fire escape ladders, categorized as portable-fitted fire escape devices, provide a convenient and portable solution for emergency situations. These emergency ladders are designed for easy setup and usage, offering a compact size for convenient carrying during emergencies. Connecting them to a window ensures a quick and safe exit from a building. The escalating number of residential fire incidents has contributed to the growing need for fire escape ladders. As reported by the National Fire Protection Association (NFPA) in 2021, local fire departments responded to an estimated 1.35 million fires in the United States, resulting in 3,800 civilian fire deaths. Consequently, the rising demand for fire escape ladders is poised to propel the ladder market's growth.

The ladder market is set to experience growth driven by the expanding manufacturing industry in the foreseeable future. The manufacturing sector involves the creation of tangible goods through diverse processes, starting from raw materials to the final product. Ladders play a vital role in the manufacturing domain, offering secure access to elevated areas and aiding tasks such as maintenance, construction, and inspections. This ensures operational efficiency, adherence to safety standards, and increased productivity across various industrial processes. As of July 2023, Eurostat, the government statistical agency headquartered in Luxembourg, recorded a 0.2% increase in industrial output in the European area, accompanied by a corresponding 0.1% increase in the European Union between May and April 2023. Therefore, the positive trend in the manufacturing industry stands out as a crucial factor propelling the growth of the ladder market.

The ladder market is undergoing transformation through strategic collaborations and partnerships. Private firms are making investments in ladder companies to foster their growth within the market. For instance, in January 2021, Industrial Opportunity Partners, a US-based private equity firm, announced an investment in Little Giant Ladder Systems, a US-based ladder manufacturer. This collaboration with Industrial Opportunity Partners provides financial and operational expertise to Little Giant, enabling it to expand its presence to new customers, geographies, and product offerings. Additionally, in February 2021, Custom Service Hardware, a US-based manufacturer of rolling ladders, acquired Putnam Ladder Co., Inc., enhancing its product lines, including Quiet Glide and E-Glide ladders, with additional rolling ladder options. Putnam Ladder Co., Inc., is a US-based provider of customized rolling ladders.

Key players in the ladder market are increasingly placing their emphasis on the introduction of innovative ladders, such as the adjustable height platform, in order to gain a competitive advantage. An adjustable height platform is a versatile piece of equipment that can be modified to suit specific needs. For example, in February 2022, Werner US, a ladder company based in the United States, unveiled a new product known as the Adjustable & Linking Pro Platform. This ladder, serving as an adjustable height platform, offers up to 9 feet of reach. It is characterized by its lightweight, compact design and wide-stance feet, ensuring a stable foundation. The Adjustable and Linking Pro Platform can be adjusted from 20 to 30 inches high on both sides, facilitating easier and safer work on uneven surfaces and stairs for professionals. With a work platform measuring 47 x 14 inches, users benefit from a larger work surface that remains both compact and easy to maneuver. Notably, this innovative ladder incorporates Quick Link Technology, enabling the linking of two or more platforms without the need for tools.

In August 2021, Ballymore Company, a U.S.-based manufacturer of rolling safety ladders, successfully acquired Tri-Arc Manufacturing Company for an undisclosed sum. This merger unites two leading brands in the mobile safety ladder market, and the collaborative entity looks forward to leveraging the enhanced capacity and broader product portfolio to provide improved services to their clients. Tri-Arc Manufacturing Company, also based in the U.S., is a manufacturer specializing in rolling ladders.

Major companies operating in the ladder market report are Werner Co., Alco Aluminium Ladders Private Limited, Sagar Asia Private Limited, Little Giant Ladder Systems, Zarges GmbH, Jumbor Industrial Co. Ltd., Zhejiang Zhongchuang Machinery Co. Ltd., Chuangqian Climbing Equipment Co. Ltd., Hugo Brennenstuhl GmbH & Co. KG, Carbis Solutions Inc., Hasegawa USA Inc., Featherlite Inc., Tianjin Jinmao Group, Louisville Ladder Inc., Zhejiang Youmay Industry Co. Ltd., Aopeng Industry Co. Ltd., Lynn Ladder & Scaffolding Co. Inc., Ruiju Metal Products Factory, Tubesca-Comabi, Scaffolding Co. Inc., Baileigh Industrial Holdings LLC, P.W. Platforms Inc., Bauer Ladder Inc., Summit Products LLC, TB Davies (Cardiff) Ltd., Alaco Ladder Inc., Al Jarsh Metal Section Manufacturing Co. L.L.C., LockNClimb LLC, Gorilla Ladders, Acro Building Systems, Industrial Products, Clow Group Ltd., Hymer-Leichtmetallbau GmbH & Co. KG, Werner Access Products UK Ltd., Hy-Pro Platforms Ltd.

Asia-Pacific was the largest region in the ladder market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ladder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the ladder market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Ladders come in various types, including step ladders, step stools, extension ladders, folding ladders, platform ladders, and others. An extension ladder, for example, is a movable and non-self-supporting ladder featuring an adjustable length. Comprising two or more parts, it incorporates guides or brackets that enable changes in length. Ladders are crafted from materials such as aluminum, fiberglass, steel, and wood, catering to the needs of the domestic, commercial, and industrial sectors.

The ladder market research report is one of a series of new reports that provides ladder market statistics, including global market size, regional shares, competitors with ladder shares, detailed ladder market segments, market trends and opportunities, and any further data you may need to thrive in the ladder industry. This research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The ladder market consists of sales of multi-position ladders, straight ladders, attic ladders, and fire escape ladders. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.