Global Industrial Safety Ladders Market 2017-2021
About Industrial Safety Ladders
Industrial safety ladders are the most common means used to carry out work that needs to be done at a height. In an industrial environment, the safety of the employees is always paramount. Also, all the tools employed within an industry, such as safety ladders, must always be in strict adherence to the standards set by OSHA and HSE. Safety ladders are used in various industrial applications in the construction, shipbuilding, and utility sectors.
Technavio’s analysts forecast the global industrial safety ladders market to grow at a CAGR of 4.62% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial safety ladders market for 2017-2021. To calculate the market size, the report considers the sales value of industrial safety ladders market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Safety Ladders Market 2017-2021
Technavio recognizes the following companies as the key players in the global industrial safety ladders market: Louisville Ladder, TB Davies (CARDIFF), Tri-Arc Manufacturing, and Werner Enterprises.
Other Prominent Vendors in the market are: Alaco Ladder, Bauer Ladder, Clow Group, EGA Products, Ladder Industries, LockNClimb, Lynn Ladder & Scaffolding, Metallic Ladder Manufacturing, SA Ladder, Stokes Ladders, Tricam Industries, and Vanguard Manufacturing.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is ladder safety and training programs on the rise. The use of ladders in the workplace involves the dangers of falling off, which may lead to injuries. Industrial end-users such as construction, manufacturing, and telecommunication industries use ladders extensively.”
According to the report, one driver in the market is strong demand from construction industry. The construction industry involves the extensive use of scaffolds, ladders, and racks. Ladders are among the least stable but most commonly used tools for working at heights in the construction industry. Ladders are primarily used as a means of accessing the work site rather than as a working platform. The growth in the industry will positively influence the demand for industrial safety ladders
Further, the report states that one challenge in the market is intense competition among vendors. The market is fragmented with the presence of several players offering their products in the global industrial safety ladder market. Due to the presence of several players, the profit margins of the vendors are expected to decline. The growing demand for value-added services and specialized professional solutions in the global industrial safety ladder market are compelling vendors to adopt competitive pricing strategy for services, which further adds to the pressure on profit margins.
Louisville Ladder, TB Davies (CARDIFF), Tri-Arc Manufacturing, Werner Enterprises, Alaco Ladder, Bauer Ladder, Clow Group, EGA Products, Ladder Industries, LockNClimb, Lynn Ladder & Scaffolding, Metallic Ladder Manufacturing, SA Ladder, Stokes Ladders, Tricam Industries, and Vanguard Manufacturing.
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