Folding Ladders Market
Global Report, published by Accurize Market Research, forecast that the global market is expected to grow at a CAGR of 4.8% from 2019 to 2026. In terms of growth, Asia-Pacific is anticipated to attain the fastest compound annual growth rate (CAGR) during 2019 – 2026.
The folding ladder market is concentrated still forecasted that the market of folding ladders still shows growth potential for the coming six to seven years. The demand will be seen in both the residential and commercial sectors. Increasing urbanization and growth in residential and commercial construction activities are the major factors is fueling the market for folding ladders. However, increasing energy prices and fluctuation in raw material prices may hamper the market.
Market Segmentation and Crisp Analysis
The global folding ladders market has been segmented into material and application. By material, the market is divided into aluminum material, iron material, fiberglass material, and steel material. By application, the market is sub-segmented into residential, commercial, and industrial. The industrial segment dominated the market in 2018, accounting for more than 30% of the global market share. The commercial segment generated the second-highest market revenue and is expected to attain a moderate growth during the forecast period 2019 – 2026.
Author Signature :
Mohini Patil as a digital marketing executive